Horan Capital Management Cut Its Stake in U.S. Bancorp (USB) by $939,478; As Anheuser (BUD) Stock Declined, Investec Asset Management LTD Boosted by $1.78 Million Its Holding

May 20, 2018 - By Adrian Erickson

Anheuser-Busch InBev SA/NV (NYSE:BUD) Logo

Horan Capital Management decreased its stake in U.S. Bancorp (USB) by 8.91% based on its latest 2017Q4 regulatory filing with the SEC. Horan Capital Management sold 17,726 shares as the company’s stock declined 8.45% with the market. The institutional investor held 181,269 shares of the major banks company at the end of 2017Q4, valued at $9.71M, down from 198,995 at the end of the previous reported quarter. Horan Capital Management who had been investing in U.S. Bancorp for a number of months, seems to be less bullish one the $83.03B market cap company. The stock decreased 1.17% or $0.6 during the last trading session, reaching $50.55. About 4.53 million shares traded. U.S. Bancorp (NYSE:USB) has declined 4.48% since May 20, 2017 and is downtrending. It has underperformed by 16.03% the S&P500.

Investec Asset Management Ltd increased its stake in Anheuser (BUD) by 1.7% based on its latest 2017Q4 regulatory filing with the SEC. Investec Asset Management Ltd bought 15,991 shares as the company’s stock declined 3.67% with the market. The institutional investor held 959,391 shares of the beverages (production and distribution) company at the end of 2017Q4, valued at $107.03M, up from 943,400 at the end of the previous reported quarter. Investec Asset Management Ltd who had been investing in Anheuser for a number of months, seems to be bullish on the $183.26 billion market cap company. The stock decreased 0.13% or $0.12 during the last trading session, reaching $94.3. About 1.63M shares traded. Anheuser-Busch InBev SA/NV (NYSE:BUD) has declined 3.50% since May 20, 2017 and is downtrending. It has underperformed by 15.05% the S&P500.

More notable recent Anheuser-Busch InBev SA/NV (NYSE:BUD) news were published by: Investorplace.com which released: “Play Into the Seasonal Strength of Anheuser Busch InBev NV (ADR)” on April 24, 2018, also Fool.com with their article: “Price Increases, Cost Savings Drive Anheuser-Busch InBev Results” published on May 16, 2018, Fool.com published: “Better Buy: Coca-Cola vs. Anheuser Busch InBev” on April 21, 2018. More interesting news about Anheuser-Busch InBev SA/NV (NYSE:BUD) were released by: Seekingalpha.com and their article: “This BUD’s For Me… And You Too?” published on May 02, 2018 as well as Benzinga.com‘s news article titled: “Bank Of America Downgrades Anheuser Busch Due To Sobering Outlook” with publication date: April 26, 2018.

Investors sentiment decreased to 0.96 in 2017 Q4. Its down 0.31, from 1.27 in 2017Q3. It dived, as 44 investors sold BUD shares while 158 reduced holdings. 56 funds opened positions while 138 raised stakes. 94.11 million shares or 1.92% more from 92.33 million shares in 2017Q3 were reported. Macquarie Group holds 0.03% or 131,200 shares in its portfolio. 569,839 were reported by Davenport & Company Ltd Liability Corp. Caprock, a Idaho-based fund reported 1,763 shares. Orrstown Fincl Serv, a Pennsylvania-based fund reported 46 shares. Maverick Capital reported 3.18% stake. 125 were accumulated by Perkins Coie Tru. Renaissance Technology Ltd invested in 0.02% or 144,000 shares. Beach Inv Counsel Inc Pa, a Pennsylvania-based fund reported 88,811 shares. Natl Asset Mngmt Inc reported 0.04% stake. 23,208 were accumulated by Kornitzer Cap Mgmt Ks. Jacobs And Ca holds 0.8% of its portfolio in Anheuser-Busch InBev SA/NV (NYSE:BUD) for 40,025 shares. North Carolina-based Atria Invests Limited Com has invested 0.03% in Anheuser-Busch InBev SA/NV (NYSE:BUD). Td Asset Mngmt Inc accumulated 80,132 shares. Bluefin Trading Lc, a New York-based fund reported 2,600 shares. Oppenheimer Asset holds 16,257 shares or 0.05% of its portfolio.

Among 23 analysts covering Anheuser-Busch InBev (NYSE:BUD), 16 have Buy rating, 3 Sell and 4 Hold. Therefore 70% are positive. Anheuser-Busch InBev had 52 analyst reports since July 21, 2015 according to SRatingsIntel. The company was reinitiated on Wednesday, October 5 by Morgan Stanley. The stock has “Underperform” rating by RBC Capital Markets on Wednesday, July 6. The rating was downgraded by Bank of America on Thursday, March 2 to “Neutral”. Jefferies maintained the stock with “Buy” rating in Tuesday, September 19 report. The firm has “Buy” rating by Jefferies given on Tuesday, June 27. RBC Capital Markets maintained it with “Outperform” rating and $107.0 target in Tuesday, September 8 report. As per Wednesday, August 26, the company rating was upgraded by ING Group. Sterne Agee CRT initiated the shares of BUD in report on Tuesday, July 21 with “Buy” rating. The stock has “Underperform” rating by Bank of America on Thursday, April 26. RBC Capital Markets maintained the stock with “Underperform” rating in Monday, October 10 report.

Investec Asset Management Ltd, which manages about $24.34B US Long portfolio, decreased its stake in American Express Co (NYSE:AXP) by 5,462 shares to 599,202 shares, valued at $59.51 million in 2017Q4, according to the filing. It also reduced its holding in Comcast Corp (NASDAQ:CMCSA) by 550,270 shares in the quarter, leaving it with 5.51M shares, and cut its stake in Activision Blizzard Inc (NASDAQ:ATVI).

Horan Capital Management, which manages about $446.88M and $503.45M US Long portfolio, upped its stake in General Electric Co (NYSE:GE) by 236,539 shares to 748,039 shares, valued at $13.05M in 2017Q4, according to the filing.

Since February 20, 2018, it had 0 insider purchases, and 5 insider sales for $9.81 million activity. $750,528 worth of U.S. Bancorp (NYSE:USB) was sold by von Gillern Jeffry H. on Friday, February 23. On Tuesday, February 20 Parker P.W. sold $5.51M worth of U.S. Bancorp (NYSE:USB) or 98,485 shares. 20,000 shares valued at $1.10 million were sold by Kelligrew James B on Friday, February 23. GODRIDGE LESLIE V had sold 24,500 shares worth $1.35 million.

Investors sentiment increased to 0.96 in Q4 2017. Its up 0.07, from 0.89 in 2017Q3. It improved, as 38 investors sold USB shares while 462 reduced holdings. 118 funds opened positions while 361 raised stakes. 1.18 billion shares or 1.20% less from 1.20 billion shares in 2017Q3 were reported. Hl Service Ltd owns 2.58M shares or 2.68% of their US portfolio. Wespac Advsrs Limited Liability Company owns 5,180 shares for 0.26% of their portfolio. Palladium Partners Lc holds 0.08% or 20,060 shares. Alecta Pensionsforsakring Omsesidigt has invested 1.17% in U.S. Bancorp (NYSE:USB). Next Financial Grp Inc holds 0.09% of its portfolio in U.S. Bancorp (NYSE:USB) for 4,149 shares. Blume Cap Mngmt Inc invested in 2,132 shares or 0.06% of the stock. Texas-based Fayez Sarofim & Co has invested 0% in U.S. Bancorp (NYSE:USB). Front Barnett, a Illinois-based fund reported 3,990 shares. Jones Financial Lllp has invested 0.03% of its portfolio in U.S. Bancorp (NYSE:USB). Natl Bank Of The Ozarks holds 83,899 shares. Griffin Asset Management accumulated 61,546 shares. Bradley Foster And Sargent Ct holds 0.64% or 326,760 shares. Central Natl Bank & Tru reported 14,810 shares. Jag Cap Mgmt Limited Liability Corp has invested 0.24% in U.S. Bancorp (NYSE:USB). Pittenger & Anderson invested in 0.53% or 112,686 shares.

Among 33 analysts covering U.S. Bancorp (NYSE:USB), 12 have Buy rating, 4 Sell and 17 Hold. Therefore 36% are positive. U.S. Bancorp had 96 analyst reports since August 6, 2015 according to SRatingsIntel. Robert W. Baird maintained U.S. Bancorp (NYSE:USB) rating on Friday, October 6. Robert W. Baird has “Hold” rating and $48.0 target. The firm has “Market Perform” rating given on Friday, May 5 by Wells Fargo. Deutsche Bank maintained it with “Hold” rating and $47 target in Wednesday, August 12 report. Keefe Bruyette & Woods maintained U.S. Bancorp (NYSE:USB) on Friday, October 13 with “Hold” rating. The stock of U.S. Bancorp (NYSE:USB) earned “Outperform” rating by Robert W. Baird on Thursday, January 14. RBC Capital Markets maintained the shares of USB in report on Friday, January 22 with “Sector Perform” rating. The stock of U.S. Bancorp (NYSE:USB) has “Neutral” rating given on Wednesday, November 30 by Wedbush. Keefe Bruyette & Woods maintained U.S. Bancorp (NYSE:USB) rating on Wednesday, April 4. Keefe Bruyette & Woods has “Hold” rating and $5600 target. As per Thursday, January 19, the company rating was maintained by Wedbush. The stock of U.S. Bancorp (NYSE:USB) has “Sell” rating given on Monday, October 2 by Bank of America.

Analysts await U.S. Bancorp (NYSE:USB) to report earnings on July, 18. They expect $1.00 EPS, up 17.65% or $0.15 from last year’s $0.85 per share. USB’s profit will be $1.64B for 12.64 P/E if the $1.00 EPS becomes a reality. After $0.95 actual EPS reported by U.S. Bancorp for the previous quarter, Wall Street now forecasts 5.26% EPS growth.

U.S. Bancorp (NYSE:USB) Institutional Positions Chart

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