Chevron (CVX) to pay $1.08 on Dec 11, 2017; Berkshire Asset Management Has Decreased Its Wp Carey (WPC) Position

November 15, 2017 - By Hazel Jackson

Berkshire Asset Management Llc decreased Wp Carey (WPC) stake by 6.47% reported in 2017Q2 SEC filing. Berkshire Asset Management Llc sold 18,586 shares as Wp Carey (WPC)’s stock rose 0.79%. The Berkshire Asset Management Llc holds 268,768 shares with $17.74 million value, down from 287,354 last quarter. Wp Carey now has $7.66B valuation. The stock decreased 0.52% or $0.37 during the last trading session, reaching $71.33. About shares traded. W.P. Carey Inc. REIT (NYSE:WPC) has risen 2.82% since November 15, 2016 and is uptrending. It has underperformed by 13.88% the S&P500.

Chevron Corporation (NYSE:CVX) is expected to pay $1.08 on Dec 11, 2017. $4.32 is the ADY. (NYSE:CVX) shareholders before Nov 16, 2017 will receive the $1.08 dividend. Chevron Corporation’s current price of $116.92 translates into 0.92% yield. Chevron Corporation’s dividend has Nov 17, 2017 as record date. Oct 25, 2017 is the announcement. The stock decreased 0.26% or $0.3 during the last trading session, reaching $116.92. About shares traded. Chevron Corporation (NYSE:CVX) has risen 6.68% since November 15, 2016 and is uptrending. It has underperformed by 10.02% the S&P500.

Berkshire Asset Management Llc increased Exxon Mobil (NYSE:XOM) stake by 50,719 shares to 214,522 valued at $17.32M in 2017Q2. It also upped Johnson & Johnson (NYSE:JNJ) stake by 8,776 shares and now owns 198,913 shares. Wells Fargo (NYSE:WFC) was raised too.

Among 7 analysts covering WP Carey & Co LLC (NYSE:WPC), 2 have Buy rating, 1 Sell and 4 Hold. Therefore 29% are positive. WP Carey & Co LLC has $77 highest and $63 lowest target. $68.50’s average target is -3.97% below currents $71.33 stock price. WP Carey & Co LLC had 15 analyst reports since August 5, 2015 according to SRatingsIntel. On Monday, April 3 the stock rating was downgraded by Evercore to “In-Line”. The company was upgraded on Wednesday, August 26 by Zacks. Capital One downgraded W.P. Carey Inc. REIT (NYSE:WPC) on Thursday, February 11 to “Equal Weight” rating. The stock of W.P. Carey Inc. REIT (NYSE:WPC) has “Neutral” rating given on Thursday, February 11 by Ladenburg Thalmann. The stock of W.P. Carey Inc. REIT (NYSE:WPC) has “Sell” rating given on Friday, December 11 by Citigroup. BMO Capital Markets maintained the shares of WPC in report on Friday, June 30 with “Buy” rating. The firm has “Market Perform” rating by BMO Capital Markets given on Wednesday, August 5. Evercore upgraded the shares of WPC in report on Monday, August 14 to “In-Line” rating. The stock of W.P. Carey Inc. REIT (NYSE:WPC) has “Hold” rating given on Friday, November 10 by Ladenburg. Ladenburg maintained W.P. Carey Inc. REIT (NYSE:WPC) on Friday, September 1 with “Hold” rating.

Investors sentiment increased to 1.5 in Q2 2017. Its up 0.28, from 1.22 in 2017Q1. It improved, as 27 investors sold WPC shares while 76 reduced holdings. 35 funds opened positions while 119 raised stakes. 50.71 million shares or 2.06% more from 49.69 million shares in 2017Q1 were reported. 18,924 were accumulated by Principal Group Incorporated. Great West Life Assurance Can holds 11,879 shares or 0% of its portfolio. Northstar Inv Ltd invested 1.81% of its portfolio in W.P. Carey Inc. REIT (NYSE:WPC). Winslow Evans Crocker owns 25,414 shares or 0% of their US portfolio. Stratos Wealth Ptnrs Limited holds 0.03% or 7,988 shares in its portfolio. 13,500 are held by Associated Banc. Legg Mason Asset Management (Japan) holds 2,600 shares. Teacher Retirement Sys Of Texas holds 0% in W.P. Carey Inc. REIT (NYSE:WPC) or 8,500 shares. Moreover, Mark Sheptoff Planning has 0.23% invested in W.P. Carey Inc. REIT (NYSE:WPC). Brown Advisory Securities Ltd Llc invested in 12,949 shares or 0.2% of the stock. Markel has invested 1.34% in W.P. Carey Inc. REIT (NYSE:WPC). Df Dent & invested in 0.01% or 5,779 shares. Marshwinds Advisory owns 7,192 shares. Bb&T Corporation has invested 0% of its portfolio in W.P. Carey Inc. REIT (NYSE:WPC). California State Teachers Retirement holds 0.03% of its portfolio in W.P. Carey Inc. REIT (NYSE:WPC) for 194,490 shares.

Analysts await W.P. Carey Inc. REIT (NYSE:WPC) to report earnings on February, 22. They expect $1.14 EPS, down 6.56% or $0.08 from last year’s $1.22 per share. WPC’s profit will be $122.42 million for 15.64 P/E if the $1.14 EPS becomes a reality. After $1.37 actual EPS reported by W.P. Carey Inc. REIT for the previous quarter, Wall Street now forecasts -16.79% negative EPS growth.

Chevron Corporation manages its investments in subsidiaries and affiliates, and provides administrative, financial, management and technology support to the United States and international subsidiaries that engage in integrated energy and chemicals operations. The company has market cap of $222.07 billion. The Firm operates through two business divisions: Upstream and Downstream. It has a 34.07 P/E ratio. Upstream activities consist primarily of exploring for, developing and producing natural gas and crude oil; liquefaction, transportation and regasification associated with liquefied natural gas; transporting crude oil by international oil export pipelines; processing, transporting, storage and marketing of natural gas, and a gas-to-liquids plant.

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