Schafer Cullen Capital Management Has Boosted Its Holding in Hcp (HCP) by $1.26 Million; Rodgers Brothers Increases Position in Target (TGT)

February 19, 2018 - By Vivian Park

Schafer Cullen Capital Management Inc increased its stake in Hcp Inc. (HCP) by 1.69% based on its latest 2017Q3 regulatory filing with the SEC. Schafer Cullen Capital Management Inc bought 46,608 shares as the company’s stock rose 2.09% with the market. The hedge fund held 2.80M shares of the consumer services company at the end of 2017Q3, valued at $77.83 million, up from 2.75 million at the end of the previous reported quarter. Schafer Cullen Capital Management Inc who had been investing in Hcp Inc. for a number of months, seems to be bullish on the $10.74B market cap company. The stock increased 1.75% or $0.39 during the last trading session, reaching $22.68. About 7.99M shares traded or 83.94% up from the average. HCP, Inc. (NYSE:HCP) has risen 8.01% since February 19, 2017 and is uptrending. It has underperformed by 8.69% the S&P500.

Rodgers Brothers Inc increased its stake in Target Corp (TGT) by 112.14% based on its latest 2017Q3 regulatory filing with the SEC. Rodgers Brothers Inc bought 22,629 shares as the company’s stock declined 14.90% while stock markets rallied. The institutional investor held 42,809 shares of the department and specialty retail stores company at the end of 2017Q3, valued at $2.53 million, up from 20,180 at the end of the previous reported quarter. Rodgers Brothers Inc who had been investing in Target Corp for a number of months, seems to be bullish on the $41.15 billion market cap company. The stock decreased 0.45% or $0.34 during the last trading session, reaching $75.7. About 4.28 million shares traded. Target Corporation (NYSE:TGT) has declined 16.51% since February 19, 2017 and is downtrending. It has underperformed by 33.21% the S&P500.

Investors sentiment decreased to 0.85 in Q3 2017. Its down 0.38, from 1.23 in 2017Q2. It dived, as 54 investors sold HCP shares while 188 reduced holdings. 43 funds opened positions while 163 raised stakes. 411.39 million shares or 0.00% less from 411.39 million shares in 2017Q2 were reported. Mason Street Advisors Ltd Llc holds 0.04% or 65,101 shares in its portfolio. First Interstate Retail Bank has 965 shares. Financial Service Corporation reported 0% of its portfolio in HCP, Inc. (NYSE:HCP). Creative Planning invested 0.01% in HCP, Inc. (NYSE:HCP). Pnc Fincl Ser Gru Inc has invested 0.01% in HCP, Inc. (NYSE:HCP). D E Shaw Company reported 2.49M shares. Monetary Management Grp Inc has 0.01% invested in HCP, Inc. (NYSE:HCP) for 500 shares. 212,097 are owned by Markston Intll Llc. Liberty Mutual Gp Asset Mngmt accumulated 18,975 shares. Security Capital Research And Mngmt Inc reported 3.16 million shares stake. Patten Grp Inc accumulated 2 shares or 0.01% of the stock. Prelude Cap reported 15,972 shares. Citigroup owns 0.02% invested in HCP, Inc. (NYSE:HCP) for 742,973 shares. Voloridge Invest Management Limited Company stated it has 0.11% of its portfolio in HCP, Inc. (NYSE:HCP). New Mexico Educational Retirement Board invested in 0.14% or 107,800 shares.

Among 20 analysts covering HCP (NYSE:HCP), 5 have Buy rating, 1 Sell and 14 Hold. Therefore 25% are positive. HCP had 74 analyst reports since September 8, 2015 according to SRatingsIntel. The stock of HCP, Inc. (NYSE:HCP) earned “Hold” rating by BMO Capital Markets on Monday, January 15. The stock of HCP, Inc. (NYSE:HCP) has “Buy” rating given on Thursday, November 2 by Mizuho. The firm earned “Hold” rating on Sunday, August 20 by Stifel Nicolaus. On Tuesday, April 11 the stock rating was downgraded by Mizuho to “Neutral”. The firm has “Underperform” rating by Jefferies given on Tuesday, January 12. The firm has “Neutral” rating by BTIG Research given on Thursday, August 25. The rating was maintained by Evercore with “Hold” on Tuesday, September 8. The rating was upgraded by Jefferies on Tuesday, May 10 to “Hold”. The stock has “Underperform” rating by Raymond James on Tuesday, July 26. The company was maintained on Monday, April 24 by Mitsubishi UFJ Financial Group.

Since February 13, 2018, it had 1 buying transaction, and 0 insider sales for $306,739 activity.

Schafer Cullen Capital Management Inc, which manages about $10.62 billion and $8.31 billion US Long portfolio, decreased its stake in Eli Lilly & Co. (NYSE:LLY) by 17,452 shares to 864,657 shares, valued at $73.96M in 2017Q3, according to the filing. It also reduced its holding in Royal Dutch Shell Plc (Adr) Cl by 118,848 shares in the quarter, leaving it with 3.11M shares, and cut its stake in Chevron Corp. (NYSE:CVX).

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