Mccormick & Co (MKC) Holder Bowen Hanes & Co Has Increased Position; Gamestop (Gme) (GME) Stock Value Declined While Camelot Portfolios Cut Stake

April 17, 2018 - By Vivian Currie

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Bowen Hanes & Co Inc increased its stake in Mccormick & Co (MKC) by 9.72% based on its latest 2017Q4 regulatory filing with the SEC. Bowen Hanes & Co Inc bought 33,870 shares as the company’s stock rose 5.33% while stock markets declined. The institutional investor held 382,418 shares of the consumer non-durables company at the end of 2017Q4, valued at $38.97M, up from 348,548 at the end of the previous reported quarter. Bowen Hanes & Co Inc who had been investing in Mccormick & Co for a number of months, seems to be bullish on the $14.07 billion market cap company. The stock increased 1.38% or $1.46 during the last trading session, reaching $107.26. About 609,224 shares traded. McCormick & Company, Incorporated (NYSE:MKC) has risen 5.91% since April 17, 2017 and is uptrending. It has underperformed by 5.64% the S&P500.

Camelot Portfolios Llc decreased its stake in Gamestop Corp (Gme) (GME) by 44.81% based on its latest 2017Q4 regulatory filing with the SEC. Camelot Portfolios Llc sold 39,226 shares as the company’s stock declined 24.11% with the market. The institutional investor held 48,321 shares of the electronics distribution company at the end of 2017Q4, valued at $867,000, down from 87,547 at the end of the previous reported quarter. Camelot Portfolios Llc who had been investing in Gamestop Corp (Gme) for a number of months, seems to be less bullish one the $1.40B market cap company. The stock increased 1.47% or $0.2 during the last trading session, reaching $13.81. About 3.23M shares traded. GameStop Corp. (NYSE:GME) has declined 33.43% since April 17, 2017 and is downtrending. It has underperformed by 44.98% the S&P500.

Among 20 analysts covering GameStop Corp. (NYSE:GME), 10 have Buy rating, 2 Sell and 8 Hold. Therefore 50% are positive. GameStop Corp. had 77 analyst reports since August 6, 2015 according to SRatingsIntel. The stock of GameStop Corp. (NYSE:GME) has “Buy” rating given on Thursday, December 29 by Standpoint Research. The firm has “Neutral” rating given on Friday, March 24 by Bank of America. Macquarie Research initiated GameStop Corp. (NYSE:GME) rating on Friday, July 1. Macquarie Research has “Outperform” rating and $36 target. The stock of GameStop Corp. (NYSE:GME) earned “Sell” rating by Benchmark on Monday, February 22. The rating was maintained by Robert W. Baird with “Buy” on Wednesday, August 26. On Monday, July 11 the stock rating was upgraded by Bank of America to “Buy”. Telsey Advisory Group maintained the shares of GME in report on Friday, August 28 with “Market Perform” rating. PiperJaffray downgraded GameStop Corp. (NYSE:GME) rating on Wednesday, November 2. PiperJaffray has “Neutral” rating and $23 target. The rating was maintained by Telsey Advisory Group with “Market Perform” on Friday, March 24. On Wednesday, April 19 the stock rating was maintained by Mizuho with “Buy”.

Investors sentiment increased to 1.46 in 2017 Q4. Its up 0.39, from 1.07 in 2017Q3. It increased, as 37 investors sold GME shares while 70 reduced holdings. 56 funds opened positions while 100 raised stakes. 108.87 million shares or 8.64% more from 100.21 million shares in 2017Q3 were reported. Oakworth Capital has 0% invested in GameStop Corp. (NYSE:GME) for 671 shares. Ameriprise Finance Inc stated it has 0% in GameStop Corp. (NYSE:GME). 118,000 were reported by Arbiter Capital Mgmt Lc. Benjamin F Edwards & has invested 0% in GameStop Corp. (NYSE:GME). Fmr Limited Liability Com holds 15.20M shares. Greenleaf Trust reported 17,058 shares stake. Nj State Employees Deferred Compensation Plan reported 0.07% of its portfolio in GameStop Corp. (NYSE:GME). Lingohr And Partner Asset Gmbh holds 0.62% or 65,682 shares in its portfolio. Cap Fund Management holds 0.02% or 164,758 shares. Nomura Asset owns 15,180 shares for 0% of their portfolio. Old Mutual Customised Solutions (Proprietary) Ltd accumulated 3,900 shares or 0.01% of the stock. Euclidean Technology Limited Company has invested 1.41% of its portfolio in GameStop Corp. (NYSE:GME). Hilltop Incorporated has 0.04% invested in GameStop Corp. (NYSE:GME) for 10,266 shares. Regions Corporation has 0% invested in GameStop Corp. (NYSE:GME). Ls Ltd Company stated it has 6,836 shares or 0.01% of all its holdings.

Analysts await GameStop Corp. (NYSE:GME) to report earnings on May, 24. They expect $0.40 earnings per share, down 36.51% or $0.23 from last year’s $0.63 per share. GME’s profit will be $40.64M for 8.63 P/E if the $0.40 EPS becomes a reality. After $2.02 actual earnings per share reported by GameStop Corp. for the previous quarter, Wall Street now forecasts -80.20% negative EPS growth.

Camelot Portfolios Llc, which manages about $349.26 million and $211.58M US Long portfolio, upped its stake in Guggenheim Bulletshrs 2018 Hy Corpbd Etf (Bsji) (BSJI) by 20,947 shares to 59,166 shares, valued at $1.49 million in 2017Q4, according to the filing. It also increased its holding in Ishares Ibonds Dec 2022 Term Corp Etf (Ibdn) by 27,270 shares in the quarter, for a total of 73,195 shares, and has risen its stake in Guggenheim Bulletshrs 2020 Hy Corpbd Etf (Bsjk) (BSJK).

Investors sentiment decreased to 1.16 in 2017 Q4. Its down 0.47, from 1.63 in 2017Q3. It fall, as 45 investors sold MKC shares while 189 reduced holdings. 64 funds opened positions while 207 raised stakes. 100.61 million shares or 3.03% more from 97.65 million shares in 2017Q3 were reported. 215,528 were reported by Bartlett And Com Limited Liability. Segall Bryant And Hamill Ltd Com invested in 0.42% or 188,005 shares. Cambridge Research Advsrs holds 0.03% of its portfolio in McCormick & Company, Incorporated (NYSE:MKC) for 23,227 shares. Moreover, Navellier & Associate has 0.04% invested in McCormick & Company, Incorporated (NYSE:MKC) for 2,203 shares. Sei Commerce, Pennsylvania-based fund reported 110,761 shares. Bahl & Gaynor Inc has 658,890 shares for 0.69% of their portfolio. Fulton Financial Bank Na has invested 0.01% of its portfolio in McCormick & Company, Incorporated (NYSE:MKC). Hm Payson And has 0.01% invested in McCormick & Company, Incorporated (NYSE:MKC). Train Babcock Advsr Ltd invested in 2,000 shares. Qs Llc invested in 0.01% or 13,010 shares. Trexquant Ltd Partnership has 0.03% invested in McCormick & Company, Incorporated (NYSE:MKC). Janney Montgomery Scott Ltd invested in 59,810 shares or 0.06% of the stock. Profund Advsrs Limited Liability Corp accumulated 0.01% or 3,120 shares. Sumitomo Mitsui Tru Holdg Inc has 411,194 shares for 0.05% of their portfolio. Dnb Asset Mngmt As holds 0.02% or 17,019 shares.

Bowen Hanes & Co Inc, which manages about $2.46B and $2.24B US Long portfolio, decreased its stake in 3M Company (NYSE:MMM) by 6,843 shares to 229,006 shares, valued at $53.90M in 2017Q4, according to the filing. It also reduced its holding in Automatic Data Processing (NASDAQ:ADP) by 7,220 shares in the quarter, leaving it with 296,376 shares, and cut its stake in Ipg Photonics (NASDAQ:IPGP).

Since October 30, 2017, it had 0 buys, and 3 insider sales for $1.45 million activity. LITTLE PATRICIA A sold $678,962 worth of McCormick & Company, Incorporated (NYSE:MKC) on Monday, January 29. Shares for $278,002 were sold by Smith Michael R on Tuesday, January 30.

McCormick & Company, Incorporated (NYSE:MKC) Institutional Positions Chart

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