First Houston Capital Raised By $531,300 Its Eaton Plc (ETN) Holding; Tourbillon Capital Partners LP Decreased Its Cigna (CI) Position

October 6, 2017 - By Richard Conner

First Houston Capital Inc increased Eaton Corp Plc (ETN) stake by 26.74% reported in 2017Q2 SEC filing. First Houston Capital Inc acquired 6,900 shares as Eaton Corp Plc (ETN)’s stock rose 8.91%. The First Houston Capital Inc holds 32,700 shares with $2.55M value, up from 25,800 last quarter. Eaton Corp Plc now has $34.61 billion valuation. The stock declined 0.06% or $0.05 reaching $77.7 on the news. About 2.28M shares traded or 0.88% up from the average. Eaton Corporation, PLC Ordinary Shares (NYSE:ETN) has risen 31.02% since October 6, 2016 and is uptrending. It has outperformed by 14.32% the S&P500.

Tourbillon Capital Partners Lp decreased Cigna Corporation (CI) stake by 35.59% reported in 2017Q2 SEC filing. Tourbillon Capital Partners Lp sold 150,899 shares as Cigna Corporation (CI)’s stock rose 11.09%. The Tourbillon Capital Partners Lp holds 273,101 shares with $45.71M value, down from 424,000 last quarter. Cigna Corporation now has $48.08 billion valuation. The stock increased 0.14% or $0.27 during the last trading session, reaching $190.95. About 879,649 shares traded. CIGNA Corporation (NYSE:CI) has risen 23.57% since October 6, 2016 and is uptrending. It has outperformed by 6.87% the S&P500.

First Houston Capital Inc decreased Huntington Bancshares Inc (NASDAQ:HBAN) stake by 46,800 shares to 86,900 valued at $1.18 million in 2017Q2. It also reduced Bb&T Corp (NYSE:BBT) stake by 11,800 shares and now owns 13,500 shares. Eastman Chem Co (NYSE:EMN) was reduced too.

Investors sentiment decreased to 1.07 in Q2 2017. Its down 0.06, from 1.13 in 2017Q1. It dropped, as 37 investors sold ETN shares while 289 reduced holdings. 74 funds opened positions while 274 raised stakes. 330.85 million shares or 0.85% less from 333.69 million shares in 2017Q1 were reported. Intact Invest Mgmt holds 0.21% in Eaton Corporation, PLC Ordinary Shares (NYSE:ETN) or 61,800 shares. Bp Public Ltd Co holds 0.15% of its portfolio in Eaton Corporation, PLC Ordinary Shares (NYSE:ETN) for 52,000 shares. American Asset Mgmt reported 8,691 shares. Salem Investment Counselors owns 8,393 shares. First Bancorporation Co Of Newtown owns 3,955 shares. Hallmark Capital Mngmt holds 0.09% or 8,937 shares in its portfolio. 29,846 were accumulated by Old Second National Bank & Trust Of Aurora. Pinnacle accumulated 0.39% or 35,396 shares. 11,503 were reported by Burney Com. Community National Bank & Trust Na holds 950 shares. Cypress Asset Mngmt Tx owns 38,649 shares. Breton Hill Cap invested in 145,932 shares or 2.12% of the stock. Haverford Tru Communication reported 0.79% stake. Alliancebernstein Lp holds 0.32% of its portfolio in Eaton Corporation, PLC Ordinary Shares (NYSE:ETN) for 5.32M shares. Willis Counsel invested 1.49% of its portfolio in Eaton Corporation, PLC Ordinary Shares (NYSE:ETN).

Among 28 analysts covering Eaton Corporation (NYSE:ETN), 7 have Buy rating, 3 Sell and 18 Hold. Therefore 25% are positive. Eaton Corporation had 65 analyst reports since July 31, 2015 according to SRatingsIntel. The stock has “Hold” rating by RBC Capital Markets on Tuesday, August 1. The stock of Eaton Corporation, PLC Ordinary Shares (NYSE:ETN) has “Underweight” rating given on Thursday, August 17 by JP Morgan. The stock of Eaton Corporation, PLC Ordinary Shares (NYSE:ETN) has “Neutral” rating given on Thursday, October 15 by Robert W. Baird. The rating was initiated by Avondale with “Mkt Perform” on Wednesday, February 1. On Tuesday, August 25 the stock rating was maintained by Deutsche Bank with “Hold”. RBC Capital Markets maintained the stock with “Sector Perform” rating in Thursday, July 30 report. On Thursday, September 28 the stock rating was maintained by RBC Capital Markets with “Hold”. Atlantic Securities downgraded Eaton Corporation, PLC Ordinary Shares (NYSE:ETN) on Friday, August 14 to “Neutral” rating. The firm has “Hold” rating by RBC Capital Markets given on Monday, July 10. Citigroup maintained the stock with “Buy” rating in Thursday, February 4 report.

Tourbillon Capital Partners Lp increased Abbott Labs (Put) (NYSE:ABT) stake by 750,000 shares to 1.00M valued at $48.61M in 2017Q2. It also upped Portola Pharmaceuticals Inc (Call) (NASDAQ:PTLA) stake by 35,600 shares and now owns 139,400 shares. Laboratory Corp Amer Hldgs (NYSE:LH) was raised too.

Among 17 analysts covering CIGNA (NYSE:CI), 15 have Buy rating, 0 Sell and 2 Hold. Therefore 88% are positive. CIGNA had 41 analyst reports since July 27, 2015 according to SRatingsIntel. On Monday, August 7 the stock rating was maintained by Morgan Stanley with “Overweight”. The firm has “Buy” rating given on Monday, July 27 by Sterne Agee CRT. The company was downgraded on Wednesday, August 5 by Zacks. The rating was initiated by Citigroup on Friday, October 2 with “Buy”. The firm has “Buy” rating by Oppenheimer given on Thursday, June 15. The stock of CIGNA Corporation (NYSE:CI) has “Outperform” rating given on Monday, May 8 by RBC Capital Markets. Deutsche Bank maintained it with “Buy” rating and $190 target in Monday, August 7 report. Jefferies maintained CIGNA Corporation (NYSE:CI) on Tuesday, September 5 with “Buy” rating. Jefferies upgraded CIGNA Corporation (NYSE:CI) on Friday, January 8 to “Buy” rating. Morgan Stanley maintained the shares of CI in report on Thursday, August 17 with “Overweight” rating.

Analysts await CIGNA Corporation (NYSE:CI) to report earnings on November, 2. They expect $2.34 earnings per share, up 20.62% or $0.40 from last year’s $1.94 per share. CI’s profit will be $589.20M for 20.40 P/E if the $2.34 EPS becomes a reality. After $2.91 actual earnings per share reported by CIGNA Corporation for the previous quarter, Wall Street now forecasts -19.59% negative EPS growth.