Willingdon Wealth Management Stake in Dominion Energy (D) Has Increased by $2.93 Million as Shares Declined; Olstein Capital Management LP Increases Position in Prestige Brands Hldgs (PBH)

April 25, 2018 - By Marie Mckinney

Prestige Brands Holdings, Inc. (NYSE:PBH) Logo

Olstein Capital Management Lp increased its stake in Prestige Brands Hldgs Inc (PBH) by 80.5% based on its latest 2017Q4 regulatory filing with the SEC. Olstein Capital Management Lp bought 48,100 shares as the company’s stock declined 24.62% with the market. The institutional investor held 107,850 shares of the health care company at the end of 2017Q4, valued at $4.79M, up from 59,750 at the end of the previous reported quarter. Olstein Capital Management Lp who had been investing in Prestige Brands Hldgs Inc for a number of months, seems to be bullish on the $1.70B market cap company. The stock increased 3.90% or $1.2 during the last trading session, reaching $31.96. About 1.06M shares traded or 24.05% up from the average. Prestige Brands Holdings, Inc. (NYSE:PBH) has declined 40.38% since April 25, 2017 and is downtrending. It has underperformed by 51.93% the S&P500.

Willingdon Wealth Management increased its stake in Dominion Energy Inc (D) by 12483.1% based on its latest 2017Q4 regulatory filing with the SEC. Willingdon Wealth Management bought 36,201 shares as the company’s stock declined 13.95% with the market. The institutional investor held 36,491 shares of the public utilities company at the end of 2017Q4, valued at $2.96M, up from 290 at the end of the previous reported quarter. Willingdon Wealth Management who had been investing in Dominion Energy Inc for a number of months, seems to be bullish on the $42.28 billion market cap company. The stock increased 0.03% or $0.02 during the last trading session, reaching $64.8. About 3.42 million shares traded. Dominion Energy, Inc. (NYSE:D) has declined 11.17% since April 25, 2017 and is downtrending. It has underperformed by 22.72% the S&P500.

Willingdon Wealth Management, which manages about $239.04M and $304.32M US Long portfolio, decreased its stake in Bgc Partners Inc (NASDAQ:BGCP) by 365,174 shares to 889 shares, valued at $13,000 in 2017Q4, according to the filing. It also reduced its holding in Interpublic Group Cos In (NYSE:IPG) by 25,622 shares in the quarter, leaving it with 245 shares, and cut its stake in Abbvie Inc (NYSE:ABBV).

Investors sentiment increased to 1.32 in Q4 2017. Its up 0.16, from 1.16 in 2017Q3. It is positive, as 41 investors sold D shares while 278 reduced holdings. 86 funds opened positions while 336 raised stakes. 415.15 million shares or 1.17% more from 410.35 million shares in 2017Q3 were reported. Canal holds 1% of its portfolio in Dominion Energy, Inc. (NYSE:D) for 34,528 shares. Covington holds 0.32% or 63,202 shares in its portfolio. New Jersey-based Mercer Cap Advisers Inc has invested 0.24% in Dominion Energy, Inc. (NYSE:D). D E Shaw invested in 0% or 3,103 shares. Pnc Svcs Gru accumulated 2.09M shares. Lord Abbett & Ltd holds 0.24% of its portfolio in Dominion Energy, Inc. (NYSE:D) for 1.06M shares. Advantus Capital has invested 0.2% in Dominion Energy, Inc. (NYSE:D). Bollard Grp Incorporated Limited Liability Corp holds 0.01% of its portfolio in Dominion Energy, Inc. (NYSE:D) for 1,553 shares. Moreover, Cadence Cap Management Limited Com has 0.16% invested in Dominion Energy, Inc. (NYSE:D) for 31,666 shares. Ny State Teachers Retirement Systems holds 0.19% or 965,236 shares. Hartford Mgmt invested in 0.42% or 10,548 shares. Holderness stated it has 0.2% in Dominion Energy, Inc. (NYSE:D). 188,515 were reported by Weiss Multi. Canada Pension Plan Invest Board holds 0.02% or 118,895 shares. North Star Invest Mgmt Corp reported 0.06% of its portfolio in Dominion Energy, Inc. (NYSE:D).

Since February 28, 2018, it had 1 insider purchase, and 0 sales for $199,987 activity.

Among 21 analysts covering Dominion Midstream (NYSE:D), 8 have Buy rating, 1 Sell and 12 Hold. Therefore 38% are positive. Dominion Midstream had 47 analyst reports since July 23, 2015 according to SRatingsIntel. The stock has “Buy” rating by Argus Research on Thursday, December 10. The firm has “Neutral” rating given on Wednesday, July 26 by Citigroup. The stock of Dominion Energy, Inc. (NYSE:D) earned “Buy” rating by Guggenheim on Sunday, April 22. The company was maintained on Thursday, February 4 by Barclays Capital. Bank of America maintained Dominion Energy, Inc. (NYSE:D) on Wednesday, February 7 with “Buy” rating. On Friday, September 11 the stock rating was downgraded by Goldman Sachs to “Sell”. On Tuesday, October 17 the stock rating was maintained by Citigroup with “Neutral”. As per Tuesday, April 10, the company rating was maintained by JP Morgan. Morgan Stanley maintained Dominion Energy, Inc. (NYSE:D) on Wednesday, December 13 with “Equal-Weight” rating. As per Friday, March 16, the company rating was downgraded by J.P. Morgan.

Among 10 analysts covering Prestige Brands Holdings (NYSE:PBH), 8 have Buy rating, 0 Sell and 2 Hold. Therefore 80% are positive. Prestige Brands Holdings had 24 analyst reports since August 11, 2015 according to SRatingsIntel. Raymond James upgraded the shares of PBH in report on Monday, May 22 to “Outperform” rating. The company was maintained on Monday, October 16 by KeyBanc Capital Markets. KeyBanc Capital Markets maintained the shares of PBH in report on Monday, February 5 with “Overweight” rating. William Blair upgraded the stock to “Outperform” rating in Monday, December 4 report. Jefferies reinitiated Prestige Brands Holdings, Inc. (NYSE:PBH) rating on Friday, June 2. Jefferies has “Hold” rating and $54 target. As per Thursday, November 17, the company rating was initiated by Gabelli. The firm has “Hold” rating by DA Davidson given on Friday, February 2. The stock has “Buy” rating by KeyBanc Capital Markets on Monday, September 4. The rating was maintained by Jefferies with “Hold” on Tuesday, September 19. Jefferies maintained Prestige Brands Holdings, Inc. (NYSE:PBH) on Thursday, November 2 with “Hold” rating.

Olstein Capital Management Lp, which manages about $769.90M and $785.28M US Long portfolio, decreased its stake in Coty Inc (NYSE:COTY) by 81,000 shares to 353,000 shares, valued at $7.02 million in 2017Q4, according to the filing. It also reduced its holding in Borgwarner Inc (NYSE:BWA) by 8,000 shares in the quarter, leaving it with 72,000 shares, and cut its stake in Twenty First Centy Fox Inc (NASDAQ:FOX).

Prestige Brands Holdings, Inc. (NYSE:PBH) Institutional Positions Chart

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