Verity & Verity Decreased Wal (WMT) Stake as Market Valuation Declined; Lyrical Asset Management LP Lowered Its Te Connectivity LTD (TEL) Position by $10.63 Million as Stock Value Rose

April 17, 2018 - By Maria Brooks

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Lyrical Asset Management Lp decreased its stake in Te Connectivity Ltd. (TEL) by 3.12% based on its latest 2017Q4 regulatory filing with the SEC. Lyrical Asset Management Lp sold 111,919 shares as the company’s stock rose 3.00% while stock markets declined. The institutional investor held 3.47M shares of the electronic components company at the end of 2017Q4, valued at $329.80 million, down from 3.58 million at the end of the previous reported quarter. Lyrical Asset Management Lp who had been investing in Te Connectivity Ltd. for a number of months, seems to be less bullish one the $34.98B market cap company. The stock increased 0.25% or $0.25 during the last trading session, reaching $99.62. About 1.21 million shares traded. TE Connectivity Ltd. (NYSE:TEL) has risen 31.35% since April 17, 2017 and is uptrending. It has outperformed by 19.80% the S&P500.

Verity & Verity Llc decreased its stake in Wal (WMT) by 14.21% based on its latest 2017Q4 regulatory filing with the SEC. Verity & Verity Llc sold 3,448 shares as the company’s stock declined 12.38% with the market. The institutional investor held 20,811 shares of the consumer services company at the end of 2017Q4, valued at $2.06M, down from 24,259 at the end of the previous reported quarter. Verity & Verity Llc who had been investing in Wal for a number of months, seems to be less bullish one the $256.24B market cap company. The stock increased 0.95% or $0.82 during the last trading session, reaching $86.84. About 7.02 million shares traded. Walmart Inc. (NYSE:WMT) has risen 23.53% since April 17, 2017 and is uptrending. It has outperformed by 11.98% the S&P500.

Among 13 analysts covering TE Connectivity (NYSE:TEL), 10 have Buy rating, 1 Sell and 2 Hold. Therefore 77% are positive. TE Connectivity had 46 analyst reports since July 23, 2015 according to SRatingsIntel. RBC Capital Markets maintained TE Connectivity Ltd. (NYSE:TEL) on Friday, September 25 with “Outperform” rating. The stock of TE Connectivity Ltd. (NYSE:TEL) earned “Buy” rating by Longbow on Thursday, January 12. The rating was initiated by Oppenheimer on Monday, March 26 with “Buy”. Cowen & Co maintained TE Connectivity Ltd. (NYSE:TEL) on Wednesday, August 9 with “Buy” rating. The rating was maintained by RBC Capital Markets with “Outperform” on Tuesday, June 27. The firm earned “Outperform” rating on Thursday, January 25 by Wells Fargo. Stifel Nicolaus maintained TE Connectivity Ltd. (NYSE:TEL) rating on Thursday, January 26. Stifel Nicolaus has “Buy” rating and $81 target. The firm earned “Buy” rating on Thursday, January 21 by Stifel Nicolaus. The firm has “Buy” rating by RBC Capital Markets given on Tuesday, August 1. RBC Capital Markets maintained TE Connectivity Ltd. (NYSE:TEL) on Thursday, October 12 with “Buy” rating.

Since January 29, 2018, it had 0 buys, and 5 sales for $35.35 million activity. Jenkins John S sold $3.78M worth of stock. $1.10M worth of TE Connectivity Ltd. (NYSE:TEL) was sold by MERKT STEVEN T. $14.85 million worth of stock was sold by CURTIN TERRENCE R on Monday, January 29.

Investors sentiment increased to 1.02 in 2017 Q4. Its up 0.02, from 1 in 2017Q3. It increased, as 34 investors sold TEL shares while 210 reduced holdings. 83 funds opened positions while 167 raised stakes. 303.06 million shares or 2.83% less from 311.89 million shares in 2017Q3 were reported. Utd Fincl Advisers Llc accumulated 9,362 shares. Ajo Lp holds 0.36% or 884,857 shares in its portfolio. First Long Island Invsts reported 0.04% stake. Moreover, Virginia Retirement Et Al has 0.2% invested in TE Connectivity Ltd. (NYSE:TEL). Raymond James Fincl Svcs Inc accumulated 0.02% or 37,099 shares. Iat Reinsurance Ltd invested 0.17% of its portfolio in TE Connectivity Ltd. (NYSE:TEL). Meiji Yasuda Life Communications invested in 17,526 shares or 0.23% of the stock. Zurcher Kantonalbank (Zurich Cantonalbank) reported 170,704 shares. Cambridge Research Advisors accumulated 0% or 4,036 shares. Moreover, C M Bidwell And Associate Ltd has 0.72% invested in TE Connectivity Ltd. (NYSE:TEL) for 8,790 shares. Swiss State Bank stated it has 1.30 million shares. Legal General Gp Public Limited Company reported 1.82M shares. Acadian Asset Management Ltd holds 0.01% of its portfolio in TE Connectivity Ltd. (NYSE:TEL) for 13,339 shares. Deutsche State Bank Ag invested in 1.17M shares or 0.07% of the stock. Becker invested 1.8% of its portfolio in TE Connectivity Ltd. (NYSE:TEL).

Lyrical Asset Management Lp, which manages about $1.58 billion and $8.18B US Long portfolio, upped its stake in Eog Resources Inc. (NYSE:EOG) by 90,652 shares to 2.73M shares, valued at $295.01M in 2017Q4, according to the filing. It also increased its holding in Owens (NYSE:OI) by 266,527 shares in the quarter, for a total of 5.59 million shares, and has risen its stake in Broadcom Limited.

Analysts await TE Connectivity Ltd. (NYSE:TEL) to report earnings on April, 25 before the open. They expect $1.35 earnings per share, up 13.45% or $0.16 from last year’s $1.19 per share. TEL’s profit will be $473.96M for 18.45 P/E if the $1.35 EPS becomes a reality. After $1.40 actual earnings per share reported by TE Connectivity Ltd. for the previous quarter, Wall Street now forecasts -3.57% negative EPS growth.

Since December 11, 2017, it had 0 insider purchases, and 1 insider sale for $200,291 activity.

Among 37 analysts covering Wal-Mart Stores Inc (NYSE:WMT), 16 have Buy rating, 0 Sell and 21 Hold. Therefore 43% are positive. Wal-Mart Stores Inc had 153 analyst reports since August 14, 2015 according to SRatingsIntel. The stock of Walmart Inc. (NYSE:WMT) has “Overweight” rating given on Thursday, February 22 by Stephens. Morgan Stanley maintained the stock with “Equal-Weight” rating in Thursday, May 19 report. Oppenheimer maintained Walmart Inc. (NYSE:WMT) on Thursday, August 17 with “Buy” rating. RBC Capital Markets maintained Walmart Inc. (NYSE:WMT) rating on Friday, October 7. RBC Capital Markets has “Underperform” rating and $75 target. The company was maintained on Monday, May 16 by Deutsche Bank. KeyBanc Capital Markets initiated Walmart Inc. (NYSE:WMT) on Friday, September 30 with “Overweight” rating. The firm has “Buy” rating by Robert W. Baird given on Monday, October 2. Cowen & Co maintained the shares of WMT in report on Thursday, February 8 with “Buy” rating. Telsey Advisory Group maintained Walmart Inc. (NYSE:WMT) rating on Friday, August 19. Telsey Advisory Group has “Market Perform” rating and $78 target. The firm earned “Hold” rating on Wednesday, February 22 by Stifel Nicolaus.

Investors sentiment decreased to 0.99 in Q4 2017. Its down 0.03, from 1.02 in 2017Q3. It turned negative, as 68 investors sold WMT shares while 541 reduced holdings. 165 funds opened positions while 435 raised stakes. 865.70 million shares or 1.77% less from 881.34 million shares in 2017Q3 were reported. Bp Public Llc accumulated 0.84% or 240,000 shares. Murphy Cap Management reported 24,549 shares. Oakworth Cap accumulated 7,785 shares or 0.18% of the stock. Cobblestone Cap Ltd Liability Company New York reported 2,180 shares. Argent Capital Limited Co accumulated 0.03% or 6,950 shares. Bridges Invest invested in 40,060 shares. Wade G W And Incorporated has invested 0.04% in Walmart Inc. (NYSE:WMT). Spirit Of America Management Corporation Ny owns 7,174 shares or 0.08% of their US portfolio. Boltwood Cap invested in 1.13% or 18,697 shares. First Allied Advisory Svcs holds 82,064 shares. Cornerstone Investment Limited Liability holds 0.03% or 16,268 shares in its portfolio. Community Bancorporation Na has invested 0.42% in Walmart Inc. (NYSE:WMT). Fragasso Grp invested 0.47% in Walmart Inc. (NYSE:WMT). Financial Bank Of The Ozarks holds 0.85% or 22,818 shares in its portfolio. Rmsincerbeaux Cap Ltd Liability stated it has 28,800 shares.

Analysts await Walmart Inc. (NYSE:WMT) to report earnings on May, 17. They expect $1.12 earnings per share, up 12.00% or $0.12 from last year’s $1 per share. WMT’s profit will be $3.30 billion for 19.38 P/E if the $1.12 EPS becomes a reality. After $1.33 actual earnings per share reported by Walmart Inc. for the previous quarter, Wall Street now forecasts -15.79% negative EPS growth.

Verity & Verity Llc, which manages about $217.83M and $371.82 million US Long portfolio, upped its stake in Chevron Corp New (NYSE:CVX) by 2,479 shares to 87,869 shares, valued at $11.00 million in 2017Q4, according to the filing. It also increased its holding in Alps Etf Tr (AMLP) by 56,247 shares in the quarter, for a total of 380,794 shares, and has risen its stake in Omnicom Group Inc (NYSE:OMC).

Walmart Inc. (NYSE:WMT) Institutional Positions Chart

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