Chemical Bank Decreased Its Ppl (PPL) Position by $685,080; Kanawha Capital Management Stake In Becton Dickinson (BDX) Was Boosted

April 16, 2018 - By Ellis Scott

Becton, Dickinson and Company (NYSE:BDX) Logo

Kanawha Capital Management Llc increased its stake in Becton Dickinson (BDX) by 23.67% based on its latest 2017Q4 regulatory filing with the SEC. Kanawha Capital Management Llc bought 14,801 shares as the company’s stock declined 1.94% with the market. The institutional investor held 77,335 shares of the health care company at the end of 2017Q4, valued at $16.55 million, up from 62,534 at the end of the previous reported quarter. Kanawha Capital Management Llc who had been investing in Becton Dickinson for a number of months, seems to be bullish on the $61.19B market cap company. The stock increased 1.99% or $4.48 during the last trading session, reaching $229.85. About 920,308 shares traded. Becton, Dickinson and Company (NYSE:BDX) has risen 15.92% since April 16, 2017 and is uptrending. It has outperformed by 4.37% the S&P500.

Chemical Bank decreased its stake in Ppl Corporation (PPL) by 35.7% based on its latest 2017Q4 regulatory filing with the SEC. Chemical Bank sold 22,836 shares as the company’s stock declined 10.38% with the market. The institutional investor held 41,132 shares of the central company at the end of 2017Q4, valued at $1.27 million, down from 63,968 at the end of the previous reported quarter. Chemical Bank who had been investing in Ppl Corporation for a number of months, seems to be less bullish one the $19.47 billion market cap company. The stock increased 0.90% or $0.25 during the last trading session, reaching $28.04. About 3.82 million shares traded. PPL Corporation (NYSE:PPL) has declined 25.72% since April 16, 2017 and is downtrending. It has underperformed by 37.27% the S&P500.

Analysts await PPL Corporation (NYSE:PPL) to report earnings on May, 3. They expect $0.69 EPS, up 11.29% or $0.07 from last year’s $0.62 per share. PPL’s profit will be $479.04 million for 10.16 P/E if the $0.69 EPS becomes a reality. After $0.55 actual EPS reported by PPL Corporation for the previous quarter, Wall Street now forecasts 25.45% EPS growth.

Investors sentiment increased to 1.15 in 2017 Q4. Its up 0.05, from 1.1 in 2017Q3. It improved, as 52 investors sold PPL shares while 213 reduced holdings. 79 funds opened positions while 226 raised stakes. 479.50 million shares or 0.01% less from 479.53 million shares in 2017Q3 were reported. Willingdon Wealth has invested 1.46% of its portfolio in PPL Corporation (NYSE:PPL). 1.88 million are held by Tiaa Cref Inv Mngmt Ltd Company. Fjarde Ap stated it has 0.06% in PPL Corporation (NYSE:PPL). Landscape Mngmt Limited Liability owns 46,599 shares. Nexus Inv Mngmt Incorporated invested in 12,500 shares. Patten Grp, Tennessee-based fund reported 203 shares. Newman Dignan And Sheerar Inc has 0.26% invested in PPL Corporation (NYSE:PPL). Voloridge Invest Limited Liability Corp stated it has 429,405 shares or 0.29% of all its holdings. Atlantic Trust Gp Limited Liability invested in 30,484 shares or 0% of the stock. Amundi Pioneer Asset Management Inc stated it has 0.01% of its portfolio in PPL Corporation (NYSE:PPL). Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0.04% in PPL Corporation (NYSE:PPL). Kistler reported 6,270 shares. 19,931 are owned by Clark Cap Mgmt Grp Inc Inc. Maryland Mgmt holds 54,170 shares or 0.25% of its portfolio. One Association stated it has 0.24% in PPL Corporation (NYSE:PPL).

Chemical Bank, which manages about $927.81 million US Long portfolio, upped its stake in Buckeye Partners Lp (NYSE:BPL) by 11,650 shares to 23,265 shares, valued at $1.15M in 2017Q4, according to the filing. It also increased its holding in Thermo Fisher Scientific Inc (NYSE:TMO) by 2,148 shares in the quarter, for a total of 14,485 shares, and has risen its stake in Blackrock Inc Cl A (NYSE:BLK).

Among 14 analysts covering PPL Corporation (NYSE:PPL), 7 have Buy rating, 1 Sell and 6 Hold. Therefore 50% are positive. PPL Corporation had 43 analyst reports since August 5, 2015 according to SRatingsIntel. Barclays Capital maintained PPL Corporation (NYSE:PPL) on Monday, July 18 with “Equalweight” rating. The rating was downgraded by Deutsche Bank on Friday, February 5 to “Hold”. The stock has “Outperform” rating by RBC Capital Markets on Tuesday, March 6. Wolfe Research upgraded PPL Corporation (NYSE:PPL) on Wednesday, September 14 to “Outperform” rating. Barclays Capital downgraded the shares of PPL in report on Monday, June 27 to “Equal-Weight” rating. The stock of PPL Corporation (NYSE:PPL) earned “Buy” rating by Jefferies on Friday, August 4. The firm has “Buy” rating given on Friday, February 23 by UBS. The rating was downgraded by Guggenheim to “Neutral” on Wednesday, August 10. The firm has “Hold” rating by RBC Capital Markets given on Sunday, August 20. The firm earned “Neutral” rating on Monday, June 26 by Goldman Sachs.

Investors sentiment increased to 1.55 in 2017 Q4. Its up 0.62, from 0.93 in 2017Q3. It increased, as 50 investors sold BDX shares while 294 reduced holdings. 147 funds opened positions while 386 raised stakes. 215.77 million shares or 9.23% more from 197.53 million shares in 2017Q3 were reported. 1,486 were reported by Neville Rodie And Shaw. Sirios Capital Mgmt Lp reported 9.88% stake. Natixis has 0.2% invested in Becton, Dickinson and Company (NYSE:BDX) for 119,844 shares. Impax Asset Mgmt Lc owns 54,544 shares or 0.67% of their US portfolio. Frontier Investment Mngmt owns 1,019 shares. Cambridge Invest Advsr Incorporated, a Iowa-based fund reported 23,384 shares. 63,040 are owned by Levin Capital Strategies Ltd Partnership. First Quadrant Ltd Partnership Ca has invested 0.02% in Becton, Dickinson and Company (NYSE:BDX). 960,926 are held by Mackenzie Finance. Ledyard National Bank & Trust invested 0.07% of its portfolio in Becton, Dickinson and Company (NYSE:BDX). Wendell David Associates Incorporated holds 0.63% or 17,107 shares. Goldman Sachs Grp Incorporated holds 0.07% or 1.37 million shares in its portfolio. Coastline Tru Company holds 0.58% of its portfolio in Becton, Dickinson and Company (NYSE:BDX) for 18,049 shares. Blair William Il has invested 0.08% in Becton, Dickinson and Company (NYSE:BDX). Sta Wealth Management Ltd Liability Corporation holds 2,101 shares.

Among 20 analysts covering Becton Dickinson (NYSE:BDX), 13 have Buy rating, 0 Sell and 7 Hold. Therefore 65% are positive. Becton Dickinson had 53 analyst reports since August 7, 2015 according to SRatingsIntel. As per Friday, August 7, the company rating was maintained by RBC Capital Markets. RBC Capital Markets maintained the shares of BDX in report on Monday, July 10 with “Hold” rating. As per Thursday, February 11, the company rating was upgraded by Deutsche Bank. The stock of Becton, Dickinson and Company (NYSE:BDX) earned “Buy” rating by Piper Jaffray on Tuesday, February 6. The firm has “Equal-Weight” rating by Morgan Stanley given on Wednesday, February 7. On Thursday, February 4 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. Deutsche Bank maintained Becton, Dickinson and Company (NYSE:BDX) on Friday, December 29 with “Buy” rating. The stock has “Buy” rating by Stifel Nicolaus on Thursday, November 2. Citigroup upgraded Becton, Dickinson and Company (NYSE:BDX) rating on Friday, January 5. Citigroup has “Hold” rating and $237.0 target. The firm has “Equal-Weight” rating given on Thursday, August 10 by Barclays Capital.

Kanawha Capital Management Llc, which manages about $739.11 million and $683.40M US Long portfolio, decreased its stake in Apache Corp (NYSE:APA) by 16,626 shares to 33,022 shares, valued at $1.39M in 2017Q4, according to the filing. It also reduced its holding in Altria Group Inc (NYSE:MO) by 9,574 shares in the quarter, leaving it with 29,750 shares, and cut its stake in Devon Energy (NYSE:DVN).

Since February 23, 2018, it had 0 buys, and 4 sales for $2.59 million activity. Shares for $910,726 were sold by Borzi James W. Gallagher John E sold 5,355 shares worth $1.21M. The insider Polen Thomas E Jr sold $426,079.

Becton, Dickinson and Company (NYSE:BDX) Institutional Positions Chart

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