Guardian Life Insurance Company Of America Decreased Hanesbrands (HBI) Position by $642,100 as Shares Declined; Veritable LP Increases Stake in Occidental Pete Del (OXY)

February 24, 2018 - By Ellis Scott

Guardian Life Insurance Company Of America decreased its stake in Hanesbrands Inc (HBI) by 96.83% based on its latest 2017Q3 regulatory filing with the SEC. Guardian Life Insurance Company Of America sold 25,684 shares as the company’s stock declined 1.43% while stock markets rallied. The institutional investor held 840 shares of the clothing and shoe and accessory stores company at the end of 2017Q3, valued at $21,000, down from 26,524 at the end of the previous reported quarter. Guardian Life Insurance Company Of America who had been investing in Hanesbrands Inc for a number of months, seems to be less bullish one the $7.18 billion market cap company. The stock decreased 0.94% or $0.19 during the last trading session, reaching $19.94. About 4.03 million shares traded. Hanesbrands Inc. (NYSE:HBI) has declined 23.23% since February 24, 2017 and is downtrending. It has underperformed by 39.93% the S&P500.

Veritable Lp increased its stake in Occidental Pete Corp Del (OXY) by 16.86% based on its latest 2017Q3 regulatory filing with the SEC. Veritable Lp bought 6,523 shares as the company’s stock declined 8.50% while stock markets rallied. The institutional investor held 45,201 shares of the oil & gas production company at the end of 2017Q3, valued at $2.90 million, up from 38,678 at the end of the previous reported quarter. Veritable Lp who had been investing in Occidental Pete Corp Del for a number of months, seems to be bullish on the $52.28B market cap company. The stock increased 0.59% or $0.4 during the last trading session, reaching $68.32. About 3.85 million shares traded. Occidental Petroleum Corporation (NYSE:OXY) has declined 18.97% since February 24, 2017 and is downtrending. It has underperformed by 35.67% the S&P500.

Guardian Life Insurance Company Of America, which manages about $649.76M US Long portfolio, upped its stake in Spdr Gold Trust (GLD) by 55,482 shares to 491,097 shares, valued at $59.71M in 2017Q3, according to the filing.

Since August 28, 2017, it had 0 insider purchases, and 1 insider sale for $1.07 million activity. Another trade for 51,743 shares valued at $1.07M was sold by Upchurch W Howard Jr.

Investors sentiment decreased to 1.15 in Q3 2017. Its down 0.18, from 1.33 in 2017Q2. It fall, as 43 investors sold HBI shares while 189 reduced holdings. 78 funds opened positions while 188 raised stakes. 334.65 million shares or 1.31% more from 330.33 million shares in 2017Q2 were reported. Pggm invested in 98,854 shares or 0.01% of the stock. Caisse De Depot Et Placement Du Quebec owns 61,333 shares. Dudley And Shanley Lc holds 3.32% in Hanesbrands Inc. (NYSE:HBI) or 611,400 shares. The Florida-based Dreman Value Mngmt L L C has invested 0.28% in Hanesbrands Inc. (NYSE:HBI). 3,853 were reported by Kistler. Pictet Asset Mngmt Ltd reported 197,400 shares stake. Buckhead Cap Mngmt Lc holds 0.57% or 107,630 shares. 233,880 are held by Aviva Pcl. Penobscot Investment Mgmt Com reported 0.38% stake. Cognios Cap Limited Liability invested 0.73% of its portfolio in Hanesbrands Inc. (NYSE:HBI). The New York-based Braun Stacey Assocs Inc has invested 0.43% in Hanesbrands Inc. (NYSE:HBI). Cornerstone Advsr Incorporated stated it has 0.01% of its portfolio in Hanesbrands Inc. (NYSE:HBI). Moreover, Washington Tru State Bank has 0.03% invested in Hanesbrands Inc. (NYSE:HBI). Levin Capital Strategies Limited Partnership holds 0% or 10,050 shares in its portfolio. Grimes & holds 0.88% or 337,472 shares.

Analysts await Hanesbrands Inc. (NYSE:HBI) to report earnings on May, 1. They expect $0.24 earnings per share, down 17.24% or $0.05 from last year’s $0.29 per share. HBI’s profit will be $86.46 million for 20.77 P/E if the $0.24 EPS becomes a reality. After $0.52 actual earnings per share reported by Hanesbrands Inc. for the previous quarter, Wall Street now forecasts -53.85% negative EPS growth.

Among 19 analysts covering Hanesbrands (NYSE:HBI), 11 have Buy rating, 0 Sell and 8 Hold. Therefore 58% are positive. Hanesbrands had 57 analyst reports since September 17, 2015 according to SRatingsIntel. The stock has “Hold” rating by Cowen & Co on Wednesday, September 27. The rating was maintained by UBS on Friday, February 5 with “Buy”. FBR Capital maintained the stock with “Outperform” rating in Friday, February 3 report. Buckingham Research reinitiated Hanesbrands Inc. (NYSE:HBI) on Monday, July 17 with “Buy” rating. Stifel Nicolaus maintained it with “Hold” rating and $21.0 target in Thursday, February 8 report. DA Davidson downgraded the shares of HBI in report on Monday, October 26 to “Neutral” rating. Stifel Nicolaus maintained the shares of HBI in report on Thursday, November 2 with “Hold” rating. The firm earned “Outperform” rating on Friday, October 16 by Oppenheimer. The rating was maintained by Barclays Capital on Thursday, November 2 with “Overweight”. Nomura maintained Hanesbrands Inc. (NYSE:HBI) on Thursday, November 2 with “Neutral” rating.

Among 21 analysts covering Occidental Petroleum Corporation (NYSE:OXY), 4 have Buy rating, 1 Sell and 16 Hold. Therefore 19% are positive. Occidental Petroleum Corporation had 84 analyst reports since August 3, 2015 according to SRatingsIntel. The firm earned “Outperform” rating on Wednesday, September 2 by Oppenheimer. The stock of Occidental Petroleum Corporation (NYSE:OXY) has “Sell” rating given on Friday, July 21 by Citigroup. The firm has “Buy” rating given on Thursday, January 18 by Cowen & Co. The firm has “Neutral” rating given on Friday, December 16 by Goldman Sachs. The stock has “Buy” rating by Cowen & Co on Tuesday, July 18. The company was downgraded on Thursday, December 17 by Iberia Capital Partners. The rating was maintained by Jefferies with “Hold” on Friday, October 6. Barclays Capital maintained Occidental Petroleum Corporation (NYSE:OXY) rating on Friday, April 21. Barclays Capital has “Sell” rating and $50 target. The rating was maintained by Barclays Capital on Thursday, July 14 with “Underweight”. The firm has “Neutral” rating given on Thursday, February 15 by JP Morgan.

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