Narwhal Capital Management Raised Molson Coors Brewing Co (TAP) Stake by $1.51 Million; Letko Brosseau & Associates Has Decreased Its Stake in Bb&T (BBT) by $1.97 Million as Stock Price Rose

April 20, 2018 - By Dolores Ford

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Letko Brosseau & Associates Inc decreased its stake in Bb&T Corp (BBT) by 3.7% based on its latest 2017Q4 regulatory filing with the SEC. Letko Brosseau & Associates Inc sold 40,225 shares as the company’s stock rose 2.32% while stock markets declined. The institutional investor held 1.05M shares of the major banks company at the end of 2017Q4, valued at $52.10M, down from 1.09 million at the end of the previous reported quarter. Letko Brosseau & Associates Inc who had been investing in Bb&T Corp for a number of months, seems to be less bullish one the $40.81B market cap company. The stock increased 0.27% or $0.14 during the last trading session, reaching $52.5. About 3.53M shares traded. BB&T Corporation (NYSE:BBT) has risen 16.87% since April 20, 2017 and is uptrending. It has outperformed by 5.32% the S&P500.

Narwhal Capital Management increased its stake in Molson Coors Brewing Co (TAP) by 160.51% based on its latest 2017Q4 regulatory filing with the SEC. Narwhal Capital Management bought 18,370 shares as the company’s stock declined 8.47% with the market. The hedge fund held 29,815 shares of the beverages (production and distribution) company at the end of 2017Q4, valued at $2.45 million, up from 11,445 at the end of the previous reported quarter. Narwhal Capital Management who had been investing in Molson Coors Brewing Co for a number of months, seems to be bullish on the $15.14 billion market cap company. The stock decreased 4.00% or $2.92 during the last trading session, reaching $70.14. About 3.42M shares traded or 87.25% up from the average. Molson Coors Brewing Company (NYSE:TAP) has declined 23.05% since April 20, 2017 and is downtrending. It has underperformed by 34.60% the S&P500.

Since October 20, 2017, it had 0 buys, and 11 selling transactions for $10.84 million activity. Shares for $559,259 were sold by BANNER JENNIFER S on Thursday, October 26. The insider LYNN LOUIS B sold $199,181. $373,811 worth of BB&T Corporation (NYSE:BBT) was sold by Bradley W Bennett. Henson Christopher L sold $2.66 million worth of stock. Shares for $155,943 were sold by HENRY I. PATRICIA. Powell Cynthia B also sold $486,760 worth of BB&T Corporation (NYSE:BBT) on Friday, January 19.

Among 32 analysts covering BB&T Corp (NYSE:BBT), 15 have Buy rating, 0 Sell and 17 Hold. Therefore 47% are positive. BB&T Corp had 103 analyst reports since July 17, 2015 according to SRatingsIntel. RBC Capital Markets maintained the stock with “Buy” rating in Thursday, September 7 report. The rating was upgraded by Suntrust Robinson to “Outperform” on Monday, May 16. RBC Capital Markets maintained BB&T Corporation (NYSE:BBT) on Wednesday, April 5 with “Buy” rating. As per Friday, July 21, the company rating was downgraded by Hilliard Lyons. The company was maintained on Thursday, July 20 by FBR Capital. The stock has “Hold” rating by Oppenheimer on Wednesday, August 19. The rating was maintained by Keefe Bruyette & Woods with “Hold” on Tuesday, June 27. The company was upgraded on Monday, January 8 by Morgan Stanley. The stock of BB&T Corporation (NYSE:BBT) has “Buy” rating given on Tuesday, November 28 by SunTrust. The firm has “Buy” rating given on Thursday, June 22 by RBC Capital Markets.

Letko Brosseau & Associates Inc, which manages about $24.00 billion and $11.40B US Long portfolio, upped its stake in Norbord Inc (NBRXF) by 77,325 shares to 4.70M shares, valued at $159.77M in 2017Q4, according to the filing. It also increased its holding in Canadian Nat Res Ltd (NYSE:CNQ) by 176,045 shares in the quarter, for a total of 13.94 million shares, and has risen its stake in Cenovus Energy Inc (NYSE:CVE).

Investors sentiment increased to 1.15 in 2017 Q4. Its up 0.22, from 0.93 in 2017Q3. It improved, as 41 investors sold BBT shares while 269 reduced holdings. 96 funds opened positions while 261 raised stakes. 479.66 million shares or 4.23% less from 500.82 million shares in 2017Q3 were reported. First Corp In holds 1,166 shares or 0.04% of its portfolio. The Nebraska-based Farmers & Merchants Investments has invested 0.03% in BB&T Corporation (NYSE:BBT). Opus Gru Ltd Company stated it has 0.26% in BB&T Corporation (NYSE:BBT). Canada Pension Plan Inv Board, a Ontario – Canada-based fund reported 734,510 shares. Sumitomo Mitsui Asset Mngmt Limited stated it has 0.07% of its portfolio in BB&T Corporation (NYSE:BBT). Legal General Group Inc Pcl invested 0.14% in BB&T Corporation (NYSE:BBT). Ckw Grp invested in 0.01% or 1,200 shares. 86,274 are owned by Dnb Asset Management As. Ntv Asset Mngmt has 3.56% invested in BB&T Corporation (NYSE:BBT). 418,239 are owned by Calamos Advsr Ltd. Dean Investment Associate reported 0.49% stake. 255,141 are owned by Gulf Int Savings Bank (Uk) Ltd. Patten And Patten Tn reported 89,553 shares. Fny Managed Accounts Limited Liability reported 32 shares or 0% of all its holdings. Fort Washington Invest Oh stated it has 116,580 shares.

Among 16 analysts covering Molson Coors Brewing Company (NYSE:TAP), 8 have Buy rating, 0 Sell and 8 Hold. Therefore 50% are positive. Molson Coors Brewing Company had 53 analyst reports since August 7, 2015 according to SRatingsIntel. On Tuesday, December 20 the stock rating was maintained by Stifel Nicolaus with “Buy”. The stock of Molson Coors Brewing Company (NYSE:TAP) has “Hold” rating given on Saturday, August 8 by Zacks. The stock has “Hold” rating by Berenberg on Thursday, February 8. The stock has “Outperform” rating by Credit Suisse on Monday, February 12. The firm earned “Neutral” rating on Friday, September 29 by Credit Suisse. The firm has “Neutral” rating by Citigroup given on Friday, April 8. Stifel Nicolaus maintained Molson Coors Brewing Company (NYSE:TAP) on Wednesday, August 2 with “Buy” rating. The firm earned “Hold” rating on Tuesday, April 17 by Goldman Sachs. The stock has “Hold” rating by Societe Generale on Friday, May 5. As per Thursday, April 5, the company rating was maintained by Citigroup.

Narwhal Capital Management, which manages about $490.63 million and $435.07M US Long portfolio, decreased its stake in Orbital Atk Inc by 3,510 shares to 32,430 shares, valued at $4.27 million in 2017Q4, according to the filing. It also reduced its holding in Disney Walt Co (NYSE:DIS) by 16,380 shares in the quarter, leaving it with 24,840 shares, and cut its stake in Hca Healthcare Inc (NYSE:HCA).

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