Cornercap Investment Counsel Stake in Cvs Health Com (CVS) Cut by $579,816 as Share Price Declined; As Caterpillar (CAT) Shares Declined, Marietta Investment Partners Has Upped Stake

April 26, 2018 - By Ellis Scott

Caterpillar Inc. (NYSE:CAT) Logo

Marietta Investment Partners Llc increased its stake in Caterpillar Inc (CAT) by 71.04% based on its latest 2017Q4 regulatory filing with the SEC. Marietta Investment Partners Llc bought 26,129 shares as the company’s stock declined 5.62% with the market. The institutional investor held 62,908 shares of the capital goods company at the end of 2017Q4, valued at $9.91M, up from 36,779 at the end of the previous reported quarter. Marietta Investment Partners Llc who had been investing in Caterpillar Inc for a number of months, seems to be bullish on the $87.61B market cap company. The stock increased 0.97% or $1.41 during the last trading session, reaching $146.6. About 4.55M shares traded. Caterpillar Inc. (NYSE:CAT) has risen 60.63% since April 26, 2017 and is uptrending. It has outperformed by 49.08% the S&P500.

Cornercap Investment Counsel Inc decreased its stake in Cvs Health Corp Com (CVS) by 13.86% based on its latest 2017Q4 regulatory filing with the SEC. Cornercap Investment Counsel Inc sold 8,053 shares as the company’s stock declined 17.45% with the market. The institutional investor held 50,067 shares of the medical and nursing services company at the end of 2017Q4, valued at $3.63M, down from 58,120 at the end of the previous reported quarter. Cornercap Investment Counsel Inc who had been investing in Cvs Health Corp Com for a number of months, seems to be less bullish one the $67.70B market cap company. The stock increased 1.40% or $0.92 during the last trading session, reaching $66.6. About 10.20 million shares traded or 17.52% up from the average. CVS Health Corporation (NYSE:CVS) has declined 22.81% since April 26, 2017 and is downtrending. It has underperformed by 34.36% the S&P500.

Analysts await CVS Health Corporation (NYSE:CVS) to report earnings on May, 2 before the open. They expect $1.40 EPS, up 19.66% or $0.23 from last year’s $1.17 per share. CVS’s profit will be $1.42 billion for 11.89 P/E if the $1.40 EPS becomes a reality. After $1.92 actual EPS reported by CVS Health Corporation for the previous quarter, Wall Street now forecasts -27.08% negative EPS growth.

Among 26 analysts covering CVS Health (NYSE:CVS), 19 have Buy rating, 0 Sell and 7 Hold. Therefore 73% are positive. CVS Health had 76 analyst reports since July 22, 2015 according to SRatingsIntel. The rating was downgraded by Wolfe Research to “Peer Perform” on Monday, August 14. The rating was upgraded by Needham on Tuesday, January 30 to “Buy”. The stock of CVS Health Corporation (NYSE:CVS) earned “Buy” rating by SunTrust on Tuesday, April 17. On Wednesday, January 17 the stock rating was maintained by Robert W. Baird with “Hold”. The firm has “Neutral” rating given on Thursday, February 2 by Robert W. Baird. On Tuesday, November 21 the stock rating was maintained by Leerink Swann with “Buy”. Needham maintained the stock with “Buy” rating in Tuesday, January 2 report. JP Morgan maintained the stock with “Overweight” rating in Monday, November 2 report. The stock has “Hold” rating by Deutsche Bank on Wednesday, July 22. On Tuesday, November 7 the stock rating was maintained by Jefferies with “Hold”.

Investors sentiment decreased to 0.72 in Q4 2017. Its down 0.16, from 0.88 in 2017Q3. It dived, as 115 investors sold CVS shares while 600 reduced holdings. 134 funds opened positions while 380 raised stakes. 815.59 million shares or 1.76% more from 801.45 million shares in 2017Q3 were reported. Rmb Limited Com stated it has 9,327 shares or 0.02% of all its holdings. The Ohio-based Truepoint has invested 0.3% in CVS Health Corporation (NYSE:CVS). Boston Common Asset Mngmt Ltd Com holds 0.13% or 15,295 shares. Alabama-based Vulcan Value Prtnrs Limited Liability Company has invested 5.25% in CVS Health Corporation (NYSE:CVS). Coastline Trust Com holds 29,094 shares or 0.32% of its portfolio. Peddock Ltd Liability Corp holds 0.46% or 12,568 shares in its portfolio. Moreno Evelyn V owns 91,681 shares or 2.01% of their US portfolio. Lyons Wealth Mngmt Lc holds 1.34% or 11,307 shares. Tower Bridge Advisors owns 1.26% invested in CVS Health Corporation (NYSE:CVS) for 161,633 shares. Country Trust State Bank accumulated 338,163 shares. Arcadia Investment Mgmt Corp Mi invested in 0.02% or 1,191 shares. Horan Capital Limited reported 30,447 shares. Swiss Bancorporation owns 3.80 million shares for 0.3% of their portfolio. Healthcor Management Ltd Partnership accumulated 1.13M shares. Lucus Advsrs Ltd Liability Co invested in 0.48% or 4,573 shares.

Cornercap Investment Counsel Inc, which manages about $912.27M and $729.53M US Long portfolio, upped its stake in Tivo Corp Com by 58,820 shares to 97,760 shares, valued at $1.53M in 2017Q4, according to the filing. It also increased its holding in Cno Finl Group Inc Com by 24,490 shares in the quarter, for a total of 58,030 shares, and has risen its stake in Lilly Eli & Co Com (NYSE:LLY).

Since February 16, 2018, it had 0 insider buys, and 1 sale for $1.42 million activity.

Marietta Investment Partners Llc, which manages about $392.24M and $351.71M US Long portfolio, decreased its stake in Ing Groep Nv (NYSE:ING) by 32,680 shares to 210,983 shares, valued at $3.90 million in 2017Q4, according to the filing. It also reduced its holding in Lam Research Corp (NASDAQ:LRCX) by 2,539 shares in the quarter, leaving it with 59,969 shares, and cut its stake in General Dynamics Co (NYSE:GD).

Among 35 analysts covering Caterpillar Inc. (NYSE:CAT), 19 have Buy rating, 4 Sell and 12 Hold. Therefore 54% are positive. Caterpillar Inc. had 132 analyst reports since July 27, 2015 according to SRatingsIntel. The stock of Caterpillar Inc. (NYSE:CAT) has “Sector Perform” rating given on Friday, September 25 by RBC Capital Markets. The firm has “Hold” rating given on Friday, January 26 by Jefferies. The firm has “Outperform” rating by BMO Capital Markets given on Thursday, October 26. The rating was maintained by Credit Suisse on Friday, January 19 with “Buy”. Jefferies maintained the shares of CAT in report on Thursday, January 18 with “Hold” rating. Wells Fargo maintained Caterpillar Inc. (NYSE:CAT) on Thursday, January 18 with “Buy” rating. As per Wednesday, October 18, the company rating was maintained by Credit Suisse. The company was upgraded on Tuesday, April 26 by Argus Research. As per Wednesday, October 25, the company rating was maintained by Stifel Nicolaus. The firm has “Sell” rating by S&P Research given on Friday, October 23.

Since October 30, 2017, it had 0 insider buys, and 3 selling transactions for $16.13 million activity. DICKINSON DANIEL M also sold $522,724 worth of Caterpillar Inc. (NYSE:CAT) shares. Long Suzette M had sold 528 shares worth $84,723 on Tuesday, January 30.

CVS Health Corporation (NYSE:CVS) Institutional Positions Chart

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