As South Jersey Ind (SJI) Stock Declined, Reaves W H & Company Increased by $2.97 Million Its Position; Cvs Health (CVS) Valuation Declined While Motco Raised Its Holding

April 29, 2018 - By Louis Casey

CVS Health Corporation (NYSE:CVS) Logo

Motco increased its stake in Cvs Health Corporation (CVS) by 82.44% based on its latest 2017Q4 regulatory filing with the SEC. Motco bought 44,952 shares as the company’s stock declined 17.45% with the market. The institutional investor held 99,477 shares of the medical and nursing services company at the end of 2017Q4, valued at $7.21M, up from 54,525 at the end of the previous reported quarter. Motco who had been investing in Cvs Health Corporation for a number of months, seems to be bullish on the $71.11B market cap company. The stock increased 1.83% or $1.26 during the last trading session, reaching $69.95. About 7.49M shares traded. CVS Health Corporation (NYSE:CVS) has declined 22.81% since April 29, 2017 and is downtrending. It has underperformed by 34.36% the S&P500.

Reaves W H & Company Inc increased its stake in South Jersey Ind (SJI) by 53% based on its latest 2017Q4 regulatory filing with the SEC. Reaves W H & Company Inc bought 95,739 shares as the company’s stock declined 10.74% with the market. The institutional investor held 276,364 shares of the public utilities company at the end of 2017Q4, valued at $8.63M, up from 180,625 at the end of the previous reported quarter. Reaves W H & Company Inc who had been investing in South Jersey Ind for a number of months, seems to be bullish on the $2.59 billion market cap company. The stock increased 1.15% or $0.35 during the last trading session, reaching $30.91. About 1.01 million shares traded or 20.45% up from the average. South Jersey Industries, Inc. (NYSE:SJI) has declined 22.60% since April 29, 2017 and is downtrending. It has underperformed by 34.15% the S&P500.

Among 7 analysts covering South Jersey Industries (NYSE:SJI), 2 have Buy rating, 0 Sell and 5 Hold. Therefore 29% are positive. South Jersey Industries had 28 analyst reports since August 10, 2015 according to SRatingsIntel. The firm earned “Underperform” rating on Monday, August 10 by Hilliard Lyons. The firm has “Neutral” rating by JP Morgan given on Tuesday, June 14. The company was downgraded on Wednesday, November 23 by Williams Capital Group. The firm has “Hold” rating given on Monday, September 18 by Williams Capital Group. The stock of South Jersey Industries, Inc. (NYSE:SJI) has “Long-Term Buy” rating given on Wednesday, March 15 by Hilliard Lyons. The stock of South Jersey Industries, Inc. (NYSE:SJI) has “Hold” rating given on Monday, January 22 by Hilliard Lyons. The stock of South Jersey Industries, Inc. (NYSE:SJI) earned “Neutral” rating by JP Morgan on Thursday, October 12. Hilliard Lyons downgraded the shares of SJI in report on Friday, November 6 to “Underperform” rating. Guggenheim maintained South Jersey Industries, Inc. (NYSE:SJI) rating on Tuesday, January 2. Guggenheim has “Hold” rating and $32.0 target. The firm has “Neutral” rating by JP Morgan given on Tuesday, April 10.

Reaves W H & Company Inc, which manages about $3.03B and $3.17B US Long portfolio, decreased its stake in Bastion Energy Llc (Anglo Dutc by 351 shares to 63 shares, valued at $3.45 million in 2017Q4, according to the filing. It also reduced its holding in Pinnacle West Cap Corp Com (NYSE:PNW) by 34,837 shares in the quarter, leaving it with 572,596 shares, and cut its stake in Chevron Corporation Com (NYSE:CVX).

Investors sentiment increased to 1.45 in Q4 2017. Its up 0.21, from 1.24 in 2017Q3. It is positive, as 15 investors sold SJI shares while 52 reduced holdings. 29 funds opened positions while 68 raised stakes. 55.25 million shares or 0.81% more from 54.81 million shares in 2017Q3 were reported. Landscape Cap Mgmt Ltd Liability Company reported 13,561 shares. Parkside Bankshares Tru holds 197 shares. Robecosam Ag has invested 0.47% in South Jersey Industries, Inc. (NYSE:SJI). Maryland-based Profund Advisors Lc has invested 0.02% in South Jersey Industries, Inc. (NYSE:SJI). Assetmark holds 44 shares or 0% of its portfolio. Thrivent Fincl For Lutherans reported 49,394 shares. Winslow Evans And Crocker Incorporated has invested 0.01% in South Jersey Industries, Inc. (NYSE:SJI). 60,670 were accumulated by Tiverton Asset Management Limited Company. Vaughan David Inc Il holds 544,396 shares. State Of Alaska Department Of Revenue invested in 0.01% or 15,830 shares. Renaissance Limited Liability Corp invested in 0.02% or 607,900 shares. Shelton Cap has 0.01% invested in South Jersey Industries, Inc. (NYSE:SJI). Eulav Asset holds 0.29% or 197,400 shares. Nomura Hldg holds 0% in South Jersey Industries, Inc. (NYSE:SJI) or 14,994 shares. 603,170 are held by Principal Financial Grp Inc Inc.

Motco, which manages about $991.15 million US Long portfolio, decreased its stake in Mfs International Value by 19,113 shares to 1.31 million shares, valued at $59.32 million in 2017Q4, according to the filing. It also reduced its holding in Vf Corporation (NYSE:VFC) by 5,152 shares in the quarter, leaving it with 81,361 shares, and cut its stake in Oppenheimer International Growth Fund I Cl.

Since February 16, 2018, it had 0 buys, and 1 sale for $1.42 million activity.

Among 26 analysts covering CVS Health (NYSE:CVS), 19 have Buy rating, 0 Sell and 7 Hold. Therefore 73% are positive. CVS Health had 76 analyst reports since July 22, 2015 according to SRatingsIntel. The stock of CVS Health Corporation (NYSE:CVS) has “Buy” rating given on Monday, December 4 by Needham. Mizuho maintained CVS Health Corporation (NYSE:CVS) rating on Wednesday, January 24. Mizuho has “Buy” rating and $95.0 target. Leerink Swann maintained the shares of CVS in report on Monday, January 8 with “Buy” rating. On Monday, December 12 the stock rating was downgraded by Jefferies to “Hold”. The rating was maintained by Oppenheimer on Tuesday, August 8 with “Buy”. Oppenheimer maintained CVS Health Corporation (NYSE:CVS) rating on Friday, August 28. Oppenheimer has “Outperform” rating and $119.0 target. SunTrust maintained the stock with “Buy” rating in Thursday, January 4 report. The stock of CVS Health Corporation (NYSE:CVS) earned “Hold” rating by Deutsche Bank on Thursday, August 20. SunTrust maintained CVS Health Corporation (NYSE:CVS) rating on Friday, October 13. SunTrust has “Buy” rating and $85.0 target. Robert W. Baird maintained it with “Hold” rating and $77.0 target in Monday, September 25 report.

Investors sentiment decreased to 0.72 in Q4 2017. Its down 0.16, from 0.88 in 2017Q3. It worsened, as 115 investors sold CVS shares while 600 reduced holdings. 134 funds opened positions while 380 raised stakes. 815.59 million shares or 1.76% more from 801.45 million shares in 2017Q3 were reported. Next Incorporated stated it has 4,820 shares. Boys Arnold And reported 59,501 shares. Hanson Mcclain invested in 0% or 202 shares. Eagle Ridge Invest Mgmt holds 180,721 shares. Orleans Capital Corporation La invested 0.62% in CVS Health Corporation (NYSE:CVS). Connable Office Incorporated accumulated 0.41% or 28,788 shares. Duncker Streett & invested in 39,311 shares or 0.73% of the stock. Wills Fin Group Incorporated holds 0.37% in CVS Health Corporation (NYSE:CVS) or 7,381 shares. Moreover, Sun Life Fincl has 0.02% invested in CVS Health Corporation (NYSE:CVS) for 2,218 shares. Sns Grp Limited Company has 3,939 shares for 0.07% of their portfolio. Loring Wolcott And Coolidge Fiduciary Ltd Liability Partnership Ma reported 450,209 shares. Putnam Invs Lc reported 477,863 shares stake. 32,774 were reported by Natixis. Chevy Chase Holding invested 0.43% of its portfolio in CVS Health Corporation (NYSE:CVS). State Treasurer State Of Michigan reported 1.69% in CVS Health Corporation (NYSE:CVS).

CVS Health Corporation (NYSE:CVS) Institutional Positions Chart

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