Norfolk Southern (NSC) Market Valuation Declined While Hap Trading Cut by $172.47 Million Its Position; Premier Asset Managment Boosted Its Position in General Mls (GIS) by $330,400 as Shares Declined

April 20, 2018 - By Clifton Ray

General Mills, Inc. (NYSE:GIS) Logo

Premier Asset Managment Llc increased its stake in General Mls Inc (GIS) by 46.28% based on its latest 2017Q4 regulatory filing with the SEC. Premier Asset Managment Llc bought 5,600 shares as the company’s stock declined 24.65% with the market. The institutional investor held 17,700 shares of the consumer non-durables company at the end of 2017Q4, valued at $1.05M, up from 12,100 at the end of the previous reported quarter. Premier Asset Managment Llc who had been investing in General Mls Inc for a number of months, seems to be bullish on the $26.11B market cap company. The stock decreased 1.56% or $0.7 during the last trading session, reaching $44.03. About 8.29M shares traded or 38.79% up from the average. General Mills, Inc. (NYSE:GIS) has declined 22.93% since April 20, 2017 and is downtrending. It has underperformed by 34.48% the S&P500.

Hap Trading Llc decreased its stake in Norfolk Southern Corp (NSC) by 78.17% based on its latest 2017Q4 regulatory filing with the SEC. Hap Trading Llc sold 1.20 million shares as the company’s stock declined 7.56% with the market. The institutional investor held 334,476 shares of the railroads company at the end of 2017Q4, valued at $48.47 million, down from 1.53M at the end of the previous reported quarter. Hap Trading Llc who had been investing in Norfolk Southern Corp for a number of months, seems to be less bullish one the $39.34B market cap company. The stock increased 0.18% or $0.25 during the last trading session, reaching $138.86. About 1.62M shares traded. Norfolk Southern Corporation (NYSE:NSC) has risen 20.21% since April 20, 2017 and is uptrending. It has outperformed by 8.66% the S&P500.

Since October 26, 2017, it had 0 insider buys, and 5 selling transactions for $2.43 million activity. $70,130 worth of stock was sold by Hurlbut Thomas E on Thursday, February 1. Squires James A sold $1.50M worth of stock.

Analysts await Norfolk Southern Corporation (NYSE:NSC) to report earnings on April, 25 before the open. They expect $1.78 EPS, up 20.27% or $0.30 from last year’s $1.48 per share. NSC’s profit will be $504.29M for 19.50 P/E if the $1.78 EPS becomes a reality. After $1.69 actual EPS reported by Norfolk Southern Corporation for the previous quarter, Wall Street now forecasts 5.33% EPS growth.

Investors sentiment is 0.83 in Q4 2017. Its the same as in 2017Q3. It is the same, as 35 investors sold NSC shares while 360 reduced holdings. only 80 funds opened positions while 249 raised stakes. 197.25 million shares or 2.25% less from 201.79 million shares in 2017Q3 were reported. Rafferty Asset Llc invested 0.01% in Norfolk Southern Corporation (NYSE:NSC). New Jersey-based Mercer Capital Advisers Incorporated has invested 0.71% in Norfolk Southern Corporation (NYSE:NSC). Cincinnati Fincl invested 3.75% in Norfolk Southern Corporation (NYSE:NSC). Stonebridge Cap Advsr Ltd Limited Liability Company owns 2,239 shares. Sequoia Fincl Advisors Ltd Liability Corporation holds 1,787 shares. Plante Moran Fincl Advsrs Ltd Liability Corporation accumulated 581 shares. Ionic has invested 0.38% in Norfolk Southern Corporation (NYSE:NSC). Prudential Public Limited Liability Com holds 1,763 shares or 0% of its portfolio. Hilltop Holding holds 0.07% in Norfolk Southern Corporation (NYSE:NSC) or 2,070 shares. Villere St Denis J And Ltd Liability Co holds 0.02% or 2,609 shares in its portfolio. Northern Trust holds 5.05 million shares. Hm Payson accumulated 17,088 shares. Twin Capital Management, Pennsylvania-based fund reported 48,374 shares. Hanseatic Management Svcs accumulated 4,005 shares. Linscomb Williams Incorporated reported 36,283 shares or 0.43% of all its holdings.

Hap Trading Llc, which manages about $2.39B US Long portfolio, upped its stake in Oclaro Inc (Put) (NASDAQ:OCLR) by 328,100 shares to 350,600 shares, valued at $506,000 in 2017Q4, according to the filing. It also increased its holding in Lyon William Homes (NYSE:WLH) by 16,216 shares in the quarter, for a total of 28,915 shares, and has risen its stake in Amazon Com Inc (Call) (NASDAQ:AMZN).

Among 30 analysts covering Norfolk Southern Corp. (NYSE:NSC), 7 have Buy rating, 5 Sell and 18 Hold. Therefore 23% are positive. Norfolk Southern Corp. had 99 analyst reports since July 28, 2015 according to SRatingsIntel. The firm has “Buy” rating by Susquehanna given on Wednesday, January 24. Morgan Stanley maintained it with “Underweight” rating and $100 target in Thursday, January 25 report. The firm has “Underweight” rating by Barclays Capital given on Monday, October 5. Credit Suisse maintained it with “Buy” rating and $143.0 target in Thursday, October 12 report. The stock of Norfolk Southern Corporation (NYSE:NSC) earned “Hold” rating by Loop Capital on Thursday, October 26. The rating was maintained by Topeka Capital Markets on Wednesday, November 25 with “Hold”. The company was downgraded on Friday, July 31 by Argus Research. The rating was upgraded by Scotia Capital on Friday, January 12 to “Sector Outperform”. As per Monday, October 12, the company rating was maintained by Deutsche Bank. RBC Capital Markets maintained Norfolk Southern Corporation (NYSE:NSC) on Thursday, October 29 with “Sector Perform” rating.

Among 24 analysts covering General Mills Inc. (NYSE:GIS), 4 have Buy rating, 3 Sell and 17 Hold. Therefore 17% are positive. General Mills Inc. had 84 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Buy” rating by Citigroup given on Tuesday, February 27. The stock has “Neutral” rating by UBS on Thursday, September 22. The rating was downgraded by Zacks on Friday, August 28 to “Hold”. As per Thursday, March 24, the company rating was maintained by Goldman Sachs. The stock of General Mills, Inc. (NYSE:GIS) earned “Neutral” rating by JP Morgan on Thursday, March 24. The company was maintained on Wednesday, November 1 by BMO Capital Markets. The rating was upgraded by Societe Generale on Wednesday, November 8 to “Hold”. As per Thursday, December 15, the company rating was downgraded by RBC Capital Markets. RBC Capital Markets upgraded the stock to “Outperform” rating in Tuesday, July 21 report. On Thursday, June 30 the stock rating was maintained by RBC Capital Markets with “Outperform”.

Since January 9, 2018, it had 0 buys, and 1 insider sale for $517,458 activity.

Norfolk Southern Corporation (NYSE:NSC) Institutional Positions Chart

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