Cullen Capital Management Has Boosted By $49.35 Million Its Novartis Ag (Adr) (NVS) Stake, King Luther Capital Management Cut Its Mastec (MTZ) Holding

July 17, 2017 - By Richard Conner

King Luther Capital Management Corp decreased Mastec Inc (MTZ) stake by 25.81% reported in 2016Q4 SEC filing. King Luther Capital Management Corp sold 65,515 shares as Mastec Inc (MTZ)’s stock rose 9.66%. The King Luther Capital Management Corp holds 188,305 shares with $7.20 million value, down from 253,820 last quarter. Mastec Inc now has $3.80B valuation. The stock rose 0.88% or $0.4 reaching $46.1. About 264,336 shares traded. MasTec, Inc. (NYSE:MTZ) has risen 93.42% since July 17, 2016 and is uptrending. It has outperformed by 76.72% the S&P500.

Cullen Capital Management Llc increased Novartis Ag (Adr) (NVS) stake by 573.66% reported in 2016Q4 SEC filing. Cullen Capital Management Llc acquired 685,410 shares as Novartis Ag (Adr) (NVS)’s stock rose 4.17%. The Cullen Capital Management Llc holds 804,890 shares with $58.63M value, up from 119,480 last quarter. Novartis Ag (Adr) now has $217.71 billion valuation. The stock declined 0.05% or $0.04 reaching $83.12 on the news. About 1.28 million shares traded. Novartis AG (ADR) (NYSE:NVS) has risen 7.67% since July 17, 2016 and is uptrending. It has underperformed by 9.03% the S&P500.

Since June 9, 2017, it had 0 buys, and 1 sale for $108,939 activity. 2,391 shares were sold by SORZANO JOSE S, worth $108,939 on Friday, June 9.

Analysts await MasTec, Inc. (NYSE:MTZ) to report earnings on August, 3. They expect $0.62 EPS, up 87.88% or $0.29 from last year’s $0.33 per share. MTZ’s profit will be $51.11M for 18.59 P/E if the $0.62 EPS becomes a reality. After $0.56 actual EPS reported by MasTec, Inc. for the previous quarter, Wall Street now forecasts 10.71% EPS growth.

Among 11 analysts covering MasTec (NYSE:MTZ), 8 have Buy rating, 0 Sell and 3 Hold. Therefore 73% are positive. MasTec had 18 analyst reports since August 3, 2015 according to SRatingsIntel. The stock of MasTec, Inc. (NYSE:MTZ) has “Outperform” rating given on Tuesday, August 25 by Robert W. Baird. On Thursday, April 13 the stock rating was upgraded by DA Davidson to “Buy”. Citigroup initiated the stock with “Neutral” rating in Friday, November 13 report. Canaccord Genuity maintained it with “Buy” rating and $5200 target in Friday, May 26 report. Zacks downgraded the shares of MTZ in report on Tuesday, August 4 to “Hold” rating. Stephens maintained the stock with “Buy” rating in Monday, September 21 report. The rating was maintained by FBR Capital with “Outperform” on Monday, May 8. The rating was reinitiated by Stifel Nicolaus with “Buy” on Tuesday, January 5. FBR Capital maintained MasTec, Inc. (NYSE:MTZ) rating on Tuesday, September 1. FBR Capital has “Outperform” rating and $26.0 target. The stock has “Outperform” rating by FBR Capital on Monday, August 3.

King Luther Capital Management Corp increased Chevron Corp New (NYSE:CVX) stake by 170,674 shares to 558,046 valued at $65.68 million in 2016Q4. It also upped Schlumberger Ltd (NYSE:SLB) stake by 37,306 shares and now owns 820,222 shares. Allstate Corp (NYSE:ALL) was raised too.

Investors sentiment increased to 1.12 in Q4 2016. Its up 0.02, from 1.1 in 2016Q3. It is positive, as 20 investors sold MTZ shares while 85 reduced holdings. 62 funds opened positions while 56 raised stakes. 56.54 million shares or 0.99% more from 55.98 million shares in 2016Q3 were reported. Argent Mngmt Ltd Llc holds 0.23% or 145,300 shares in its portfolio. 46,408 were accumulated by Metropolitan Life Ny. Swiss Natl Bank holds 108,300 shares. Moreover, Zacks Inv Mngmt has 0.02% invested in MasTec, Inc. (NYSE:MTZ). Royal Bank & Trust Of Canada holds 0% or 5,644 shares. Falcon Point Capital Ltd stated it has 258,873 shares. Proshare Advsr Ltd Com reported 0% in MasTec, Inc. (NYSE:MTZ). Pier Limited Co accumulated 142,632 shares or 0.99% of the stock. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Management Corp reported 20,360 shares. 158,266 were reported by Wellington Mgmt Group Ltd Liability Partnership. Geode Cap Mgmt Lc reported 0.01% of its portfolio in MasTec, Inc. (NYSE:MTZ). Voloridge Inv Ltd owns 0.08% invested in MasTec, Inc. (NYSE:MTZ) for 103,079 shares. Moreover, Daruma Cap Mgmt has 3.14% invested in MasTec, Inc. (NYSE:MTZ) for 1.44 million shares. Moreover, Wexford Cap LP has 0.07% invested in MasTec, Inc. (NYSE:MTZ) for 18,997 shares. Columbia Prns L L C Invest Mgmt accumulated 170,315 shares.

Among 15 analysts covering Novartis Ag (NYSE:NVS), 4 have Buy rating, 3 Sell and 8 Hold. Therefore 27% are positive. Novartis Ag had 26 analyst reports since July 28, 2015 according to SRatingsIntel. The firm has “Neutral” rating by Goldman Sachs given on Thursday, March 23. On Wednesday, July 5 the stock rating was downgraded by Credit Suisse to “Underperform”. The company was maintained on Thursday, June 22 by Leerink Swann. The firm has “Neutral” rating by UBS given on Friday, April 1. The stock of Novartis AG (ADR) (NYSE:NVS) earned “Neutral” rating by JP Morgan on Tuesday, January 3. The stock of Novartis AG (ADR) (NYSE:NVS) earned “Buy” rating by Societe Generale on Wednesday, March 8. The rating was downgraded by Cowen & Co on Wednesday, April 5 to “Market Perform”. Chardan Capital Markets maintained the shares of NVS in report on Monday, October 10 with “Buy” rating. The rating was downgraded by Leerink Swann to “Market Perform” on Wednesday, March 23. Mainfirst downgraded Novartis AG (ADR) (NYSE:NVS) on Wednesday, October 28 to “Underperform” rating.

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