Cullen Capital Management Has Boosted By $8.36 Million Its Novartis Ag (Adr) (NVS) Stake; Exane Derivatives Decreased Cummins (CMI) Stake By $52.65 Million

November 14, 2017 - By Hazel Jackson

Exane Derivatives decreased Cummins (CMI) stake by 99.39% reported in 2017Q2 SEC filing. Exane Derivatives sold 325 shares as Cummins (CMI)’s stock rose 1.30%. The Exane Derivatives holds 2 shares with $324,000 value, down from 327 last quarter. Cummins now has $28.07 billion valuation. The stock declined 0.06% or $0.1 reaching $169.11 per share. About 588,480 shares traded. Cummins Inc. (NYSE:CMI) has risen 43.32% since November 14, 2016 and is uptrending. It has outperformed by 26.62% the S&P500.

Cullen Capital Management Llc increased Novartis Ag (Adr) (NVS) stake by 12.8% reported in 2017Q2 SEC filing. Cullen Capital Management Llc acquired 100,756 shares as Novartis Ag (Adr) (NVS)’s stock rose 4.17%. The Cullen Capital Management Llc holds 887,991 shares with $74.12M value, up from 787,235 last quarter. Novartis Ag (Adr) now has $217.34 billion valuation. The stock rose 0.17% or $0.14 reaching $82.85 per share. About 501,899 shares traded. Novartis AG (ADR) (NYSE:NVS) has risen 7.67% since November 14, 2016 and is uptrending. It has underperformed by 9.03% the S&P500.

Analysts await Cummins Inc. (NYSE:CMI) to report earnings on February, 8. They expect $2.60 earnings per share, up 15.56% or $0.35 from last year’s $2.25 per share. CMI’s profit will be $431.57M for 16.26 P/E if the $2.60 EPS becomes a reality. After $2.71 actual earnings per share reported by Cummins Inc. for the previous quarter, Wall Street now forecasts -4.06% negative EPS growth.

Since May 25, 2017, it had 0 buys, and 3 insider sales for $2.73 million activity. NELSON GEORGIA R also sold $169,527 worth of Cummins Inc. (NYSE:CMI) shares. $259,878 worth of Cummins Inc. (NYSE:CMI) shares were sold by Talaulicar Anant. 14,050 Cummins Inc. (NYSE:CMI) shares with value of $2.30 million were sold by Ward Pat.

Investors sentiment increased to 1.01 in Q2 2017. Its up 0.09, from 0.92 in 2017Q1. It increased, as 49 investors sold CMI shares while 269 reduced holdings. 90 funds opened positions while 231 raised stakes. 130.61 million shares or 1.43% more from 128.77 million shares in 2017Q1 were reported. Girard Prtn Ltd reported 4,922 shares stake. Archford Cap Strategies Lc holds 0.01% or 13,894 shares. Royal State Bank Of Scotland Public Ltd Co reported 31,066 shares. The New Hampshire-based Loudon Mgmt Llc has invested 1.21% in Cummins Inc. (NYSE:CMI). Stevens Capital Ltd Partnership stated it has 0.49% in Cummins Inc. (NYSE:CMI). Sfe Invest Counsel accumulated 0.35% or 5,256 shares. Culbertson A N Company Incorporated accumulated 38,306 shares. Brown Brothers Harriman And holds 0% or 58 shares. Salem Inv Counselors has 431 shares. Cibc Asset invested in 0.02% or 15,230 shares. Massmutual Commerce Fsb Adv invested 0% of its portfolio in Cummins Inc. (NYSE:CMI). Northstar Investment Advisors Ltd Com reported 2.07% of its portfolio in Cummins Inc. (NYSE:CMI). Kansas-based Koch Indus has invested 0.09% in Cummins Inc. (NYSE:CMI). South Dakota Inv Council stated it has 6,100 shares or 0.02% of all its holdings. Balasa Dinverno And Foltz Limited Liability Corporation accumulated 1,368 shares.

Exane Derivatives increased Nucor (NYSE:NUE) stake by 673 shares to 1,100 valued at $63.65 million in 2017Q2. It also upped Vale Adr Spons. (NYSE:VALE) stake by 82,970 shares and now owns 83,970 shares. Dr Pepper Snapple (NYSE:DPS) was raised too.

Among 26 analysts covering Cummins (NYSE:CMI), 6 have Buy rating, 3 Sell and 17 Hold. Therefore 23% are positive. Cummins had 86 analyst reports since July 22, 2015 according to SRatingsIntel. On Wednesday, September 7 the stock rating was initiated by Deutsche Bank with “Sell”. The stock has “Underweight” rating by Barclays Capital on Wednesday, October 28. The firm earned “Buy” rating on Monday, August 24 by Standpoint Research. The firm has “Buy” rating by CLSA given on Friday, September 30. RBC Capital Markets maintained Cummins Inc. (NYSE:CMI) rating on Thursday, March 23. RBC Capital Markets has “Hold” rating and $140 target. The company was initiated on Thursday, April 6 by Seaport Global. As per Wednesday, November 1, the company rating was maintained by Robert W. Baird. The stock of Cummins Inc. (NYSE:CMI) has “Hold” rating given on Tuesday, September 22 by Deutsche Bank. The stock of Cummins Inc. (NYSE:CMI) has “Neutral” rating given on Monday, April 11 by Macquarie Research. The rating was maintained by Argus Research with “Buy” on Monday, November 6.

Cullen Capital Management Llc decreased Unilever Nv (Adr) (NYSE:UN) stake by 402,526 shares to 1.34M valued at $74.09 million in 2017Q2. It also reduced Ctci Corp. stake by 306,000 shares and now owns 3.06M shares. Welltower Inc. was reduced too.

Among 15 analysts covering Novartis Ag (NYSE:NVS), 5 have Buy rating, 3 Sell and 7 Hold. Therefore 33% are positive. Novartis Ag had 33 analyst reports since July 28, 2015 according to SRatingsIntel. The company was upgraded on Thursday, November 10 by Argus Research. The stock of Novartis AG (ADR) (NYSE:NVS) earned “Hold” rating by Cowen & Co on Tuesday, July 18. Societe Generale upgraded the stock to “Buy” rating in Wednesday, March 8 report. The firm has “Neutral” rating given on Wednesday, January 11 by Credit Suisse. The rating was downgraded by Credit Suisse on Wednesday, July 5 to “Underperform”. Cowen & Co maintained Novartis AG (ADR) (NYSE:NVS) on Monday, July 10 with “Hold” rating. The stock of Novartis AG (ADR) (NYSE:NVS) earned “Market Perform” rating by Leerink Swann on Wednesday, March 23. The rating was maintained by JP Morgan with “Neutral” on Friday, March 24. J P Morgan Chase Co maintained the shares of NVS in report on Friday, June 16 with “Neutral” rating. Barclays Capital downgraded the stock to “Sell” rating in Wednesday, October 25 report.

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