As Incyte (INCY) Shares Declined, Tourbillon Capital Partners LP Boosted Stake; As Altria Group (MO) Stock Declined, Saratoga Research & Investment Management Lowered by $33.33 Million Its Position

May 21, 2018 - By Adrian Erickson

Altria Group, Inc. (NYSE:MO) Logo

Jason Karp increased its stake in Incyte Corp (INCY) by 15.53% based on its latest 2017Q4 regulatory filing with the SEC. Tourbillon Capital Partners Lp bought 39,607 shares as the company’s stock declined 11.25% with the market. The hedge fund run by Jason Karp held 294,607 shares of the commercial physical & biological resarch company at the end of 2017Q4, valued at $27.90 million, up from 255,000 at the end of the previous reported quarter. Tourbillon Capital Partners Lp who had been investing in Incyte Corp for a number of months, seems to be bullish on the $14.41B market cap company. The stock increased 0.20% or $0.135 during the last trading session, reaching $67.965. About 42,579 shares traded. Incyte Corporation (NASDAQ:INCY) has declined 39.22% since May 21, 2017 and is downtrending. It has underperformed by 50.77% the S&P500.

Saratoga Research & Investment Management decreased its stake in Altria Group (MO) by 98.88% based on its latest 2017Q4 regulatory filing with the SEC. Saratoga Research & Investment Management sold 469,388 shares as the company’s stock declined 15.83% with the market. The institutional investor held 5,300 shares of the farming and seeds and milling company at the end of 2017Q4, valued at $378,000, down from 474,688 at the end of the previous reported quarter. Saratoga Research & Investment Management who had been investing in Altria Group for a number of months, seems to be less bullish one the $105.37B market cap company. The stock increased 0.14% or $0.08 during the last trading session, reaching $55.62. About 437,503 shares traded. Altria Group, Inc. (NYSE:MO) has declined 17.05% since May 21, 2017 and is downtrending. It has underperformed by 28.60% the S&P500.

More notable recent Altria Group, Inc. (NYSE:MO) news were published by: Seekingalpha.com which released: “Altria Group (MO) Q1 2018 Results – Earnings Call Transcript” on April 26, 2018, also Fool.com with their article: “Better Buy: Altria Group vs. Coca-Cola” published on May 12, 2018, Seekingalpha.com published: “Altria Group (MO) Annual Meeting of Shareholders Conference (Transcript)” on May 17, 2018. More interesting news about Altria Group, Inc. (NYSE:MO) were released by: Seekingalpha.com and their article: “Which Big Tobacco Name Do You Prefer?” published on April 23, 2018 as well as Benzinga.com‘s news article titled: “Altria’s Problems Baked Into Price, Now A Buy At RBC” with publication date: April 30, 2018.

Analysts await Altria Group, Inc. (NYSE:MO) to report earnings on July, 26. They expect $1.01 earnings per share, up 18.82% or $0.16 from last year’s $0.85 per share. MO’s profit will be $1.91 billion for 13.77 P/E if the $1.01 EPS becomes a reality. After $0.95 actual earnings per share reported by Altria Group, Inc. for the previous quarter, Wall Street now forecasts 6.32% EPS growth.

Since February 7, 2018, it had 1 insider purchase, and 4 selling transactions for $1.52 million activity. Another trade for 14,953 shares valued at $995,734 was made by Johnson Craig A. on Wednesday, February 7. On Friday, March 2 Quigley Brian W. sold $216,154 worth of Altria Group, Inc. (NYSE:MO) or 3,464 shares. 3,200 shares valued at $199,488 were sold by SURGNER W HILDEBRANDT JR on Friday, March 2. 5,345 shares were bought by Newman Mark, worth $300,334.

Investors sentiment increased to 0.93 in 2017 Q4. Its up 0.04, from 0.89 in 2017Q3. It improved, as 63 investors sold MO shares while 521 reduced holdings. 134 funds opened positions while 410 raised stakes. 1.16 billion shares or 1.13% less from 1.17 billion shares in 2017Q3 were reported. Cape Cod Five Cents Financial Bank has invested 0.11% in Altria Group, Inc. (NYSE:MO). Boyar Asset Mgmt, a New York-based fund reported 4,920 shares. Monarch Capital invested in 13,651 shares. Peddock Capital Limited Liability accumulated 0.85% or 23,703 shares. Forte Capital Limited Liability Corp Adv owns 11,320 shares. New York State Common Retirement Fund owns 0.47% invested in Altria Group, Inc. (NYSE:MO) for 5.42M shares. Greystone Managed Invests Inc owns 0.59% invested in Altria Group, Inc. (NYSE:MO) for 200,411 shares. Beaumont Financial Partners Limited Co holds 0.04% or 4,191 shares. Global X Management Lc holds 0.21% or 126,408 shares. Thomas White Intll reported 8,815 shares. 1.38 million are held by Employees Retirement System Of Ohio. New York-based Millennium Mgmt has invested 0.13% in Altria Group, Inc. (NYSE:MO). 36,898 were accumulated by Signaturefd Llc. Moreover, Wilbanks Smith And Thomas Asset Mngmt Lc has 0.19% invested in Altria Group, Inc. (NYSE:MO). M&T Bank Corporation reported 1.32 million shares.

Saratoga Research & Investment Management, which manages about $1.40B and $1.43B US Long portfolio, upped its stake in Starbucks (NASDAQ:SBUX) by 411,284 shares to 413,840 shares, valued at $23.77 million in 2017Q4, according to the filing. It also increased its holding in Microsoft (NASDAQ:MSFT) by 935,496 shares in the quarter, for a total of 944,340 shares, and has risen its stake in Johnson & Johnson (NYSE:JNJ).

Among 20 analysts covering Altria Group Inc. (NYSE:MO), 16 have Buy rating, 0 Sell and 4 Hold. Therefore 80% are positive. Altria Group Inc. had 65 analyst reports since July 31, 2015 according to SRatingsIntel. Piper Jaffray maintained the shares of MO in report on Thursday, October 26 with “Buy” rating. On Monday, January 8 the stock rating was maintained by Cowen & Co with “Buy”. As per Tuesday, September 26, the company rating was upgraded by Cowen & Co. The company was downgraded on Friday, February 3 by Berenberg. The rating was maintained by UBS with “Neutral” on Friday, October 27. The stock has “Buy” rating by Piper Jaffray on Thursday, February 1. RBC Capital Markets maintained it with “Sell” rating and $6200 target in Friday, June 30 report. The firm has “Neutral” rating given on Monday, July 31 by UBS. Stifel Nicolaus maintained the shares of MO in report on Monday, October 23 with “Buy” rating. Cowen & Co maintained Altria Group, Inc. (NYSE:MO) rating on Friday, July 7. Cowen & Co has “Hold” rating and $7400 target.

Investors sentiment increased to 1.06 in Q4 2017. Its up 0.02, from 1.04 in 2017Q3. It increased, as 59 investors sold INCY shares while 141 reduced holdings. 59 funds opened positions while 153 raised stakes. 191.73 million shares or 1.46% more from 188.97 million shares in 2017Q3 were reported. The Kentucky-based D Scott Neal has invested 0.01% in Incyte Corporation (NASDAQ:INCY). 6,300 were accumulated by Obermeyer Wood Inv Counsel Lllp. Parkside Bank has 35 shares for 0% of their portfolio. Moreover, Pictet Asset Mgmt Ltd has 0.33% invested in Incyte Corporation (NASDAQ:INCY) for 1.33M shares. Dnb Asset Management As has 0.04% invested in Incyte Corporation (NASDAQ:INCY). Brown Advisory holds 7,223 shares or 0% of its portfolio. Sanctuary Wealth Advisors Limited Liability holds 0.65% in Incyte Corporation (NASDAQ:INCY) or 8,239 shares. Weiss Asset Mgmt LP invested in 0.08% or 10,249 shares. 4,441 are held by Allen Investment Ltd Liability Corporation. The New York-based Renaissance Technology Limited Company has invested 0.08% in Incyte Corporation (NASDAQ:INCY). The Oregon-based Oregon Pub Employees Retirement Fund has invested 0.03% in Incyte Corporation (NASDAQ:INCY). Ghost Tree Capital Ltd Liability Corp has invested 1.11% in Incyte Corporation (NASDAQ:INCY). Sivik Health Ltd stated it has 2.46% in Incyte Corporation (NASDAQ:INCY). 273,624 were reported by Alliancebernstein L P. Global X Management Ltd Llc reported 11,706 shares.

Among 27 analysts covering Incyte (NASDAQ:INCY), 20 have Buy rating, 0 Sell and 7 Hold. Therefore 74% are positive. Incyte had 91 analyst reports since August 6, 2015 according to SRatingsIntel. On Wednesday, August 5 the stock rating was maintained by Brean Capital with “Buy”. The rating was maintained by BMO Capital Markets with “Buy” on Friday, July 21. The firm earned “Buy” rating on Tuesday, October 6 by Nomura. On Tuesday, February 16 the stock rating was maintained by Leerink Swann with “Outperform”. The stock has “Overweight” rating by Morgan Stanley on Wednesday, March 23. The firm earned “Hold” rating on Tuesday, May 30 by Oppenheimer. As per Thursday, September 3, the company rating was maintained by JP Morgan. The firm has “Buy” rating by SunTrust given on Monday, April 23. On Monday, November 9 the stock rating was maintained by Oppenheimer with “Outperform”. The rating was upgraded by Raymond James on Monday, September 11 to “Buy”.

Since January 5, 2018, it had 1 insider purchase, and 4 sales for $5.08 million activity. 1,952 shares valued at $167,013 were sold by GRYSKA DAVID W on Tuesday, February 20. $914,100 worth of stock was bought by Hoppenot Herve on Wednesday, May 2. SWAIN PAULA J had sold 80,000 shares worth $4.99M.

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