Cullen Capital Management Has Decreased Chevron Corp. (CVX) Stake; Newell Rubbermaid Has 0.72 Sentiment

March 22, 2018 - By Marguerite Chambers

Newell Brands Inc. designs, sources, and distributes consumer and commercial products worldwide. The company has market cap of $12.74 billion. The firm offers markers and highlighters, pens, and pencils; art products; activity adhesive and cutting products; fine writing instruments; and labeling solutions under the Sharpie, Paper Mate, Expo, Prismacolor, Mr.Sketch, Elmer's, X-Acto, Parker, Waterman, and Dymo Office brands. It has a 4.66 P/E ratio. It also provides indoor/outdoor organization, food storage, and home storage products; durable beverage containers; gourmet cookware, bakeware, and cutlery products; and hair care accessories under the Rubbermaid, Contigo, bubba, Calphalon, and Goody brands; and home fragrance products under the WoodWick Candle brand.

Cullen Capital Management Llc decreased Chevron Corp. (CVX) stake by 2.64% reported in 2017Q3 SEC filing. Cullen Capital Management Llc sold 19,765 shares as Chevron Corp. (CVX)’s stock declined 3.45%. The Cullen Capital Management Llc holds 729,535 shares with $85.72M value, down from 749,300 last quarter. Chevron Corp. now has $219.07 billion valuation. The stock decreased 2.02% or $2.36 during the last trading session, reaching $114.68. About 3.21M shares traded. Chevron Corporation (NYSE:CVX) has risen 6.68% since March 22, 2017 and is uptrending. It has underperformed by 10.02% the S&P500.

Among 35 analysts covering Chevron Corporation (NYSE:CVX), 26 have Buy rating, 0 Sell and 9 Hold. Therefore 74% are positive. Chevron Corporation had 118 analyst reports since August 4, 2015 according to SRatingsIntel. On Tuesday, August 25 the stock rating was upgraded by Vetr to “Buy”. Morgan Stanley upgraded the stock to “Overweight” rating in Tuesday, November 1 report. As per Wednesday, December 20, the company rating was maintained by RBC Capital Markets. Piper Jaffray maintained Chevron Corporation (NYSE:CVX) on Thursday, September 28 with “Buy” rating. Wolfe Research upgraded Chevron Corporation (NYSE:CVX) on Tuesday, September 29 to “Peer Perform” rating. The firm has “Sell” rating by RBC Capital Markets given on Friday, August 18. As per Friday, March 18, the company rating was initiated by Nomura. The firm has “Equal Weight” rating given on Tuesday, January 12 by Barclays Capital. Bank of America maintained it with “Buy” rating and $125 target in Tuesday, October 3 report. The stock of Chevron Corporation (NYSE:CVX) has “Overweight” rating given on Tuesday, February 6 by Barclays Capital.

Investors sentiment increased to 0.99 in 2017 Q3. Its up 0.04, from 0.95 in 2017Q2. It increased, as 43 investors sold CVX shares while 696 reduced holdings. 121 funds opened positions while 584 raised stakes. 1.18 billion shares or 1.43% more from 1.16 billion shares in 2017Q2 were reported. Kanawha Management Limited Co accumulated 1.76% or 97,787 shares. Ray Gerald L & Assoc holds 40,030 shares or 0.59% of its portfolio. Scholtz And Company Ltd Liability Company holds 0.33% in Chevron Corporation (NYSE:CVX) or 3,580 shares. M Kraus Communications invested in 1.1% or 15,007 shares. Rnc Ltd Llc holds 3.24% or 365,981 shares in its portfolio. Newman Dignan & Sheerar accumulated 13,117 shares. Spectrum Asset Inc (Nb Ca) reported 2.05% stake. South Texas Money Management owns 363,627 shares. Stillwater Cap Advsr Ltd Liability Corporation owns 0.08% invested in Chevron Corporation (NYSE:CVX) for 2,567 shares. Los Angeles Cap And Equity Rech has invested 0.41% in Chevron Corporation (NYSE:CVX). Suntrust Banks Inc reported 1.45 million shares or 0.93% of all its holdings. Loeb Prns Corp has 19,150 shares. Wealthtrust Axiom Ltd owns 1.07% invested in Chevron Corporation (NYSE:CVX) for 23,967 shares. Ifc Fl holds 0.11% or 13,190 shares in its portfolio. Destination Wealth Mgmt accumulated 250,821 shares.

Analysts await Chevron Corporation (NYSE:CVX) to report earnings on April, 27. They expect $1.52 earnings per share, up 7.80% or $0.11 from last year’s $1.41 per share. CVX’s profit will be $2.90B for 18.86 P/E if the $1.52 EPS becomes a reality. After $0.73 actual earnings per share reported by Chevron Corporation for the previous quarter, Wall Street now forecasts 108.22% EPS growth.

Since October 16, 2017, it had 0 buys, and 1 sale for $3.06 million activity. Pate R. Hewitt had sold 25,500 shares worth $3.06 million on Monday, October 16.

Cullen Capital Management Llc increased Welltower Inc. stake by 8,000 shares to 1.15 million valued at $80.68 million in 2017Q3. It also upped Telefonica Brasil Sa (Adr) stake by 181,755 shares and now owns 559,565 shares. Sberbank Of Russia Pjsc (Adr) (SBRCY) was raised too.

Incline Global Management Llc holds 5.73% of its portfolio in Newell Brands Inc. for 1.63 million shares. Crystal Rock Capital Management owns 189,646 shares or 5.39% of their US portfolio. Moreover, Bluespruce Investments Lp has 4.97% invested in the company for 618,487 shares. The Arkansas-based Lathrop Investment Management Corp has invested 4.1% in the stock. Maverick Capital Ltd, a Texas-based fund reported 7.00 million shares.

Analysts await Newell Brands Inc. (NYSE:NWL) to report earnings on May, 14. They expect $0.28 earnings per share, down 17.65% or $0.06 from last year’s $0.34 per share. NWL’s profit will be $135.85M for 23.44 P/E if the $0.28 EPS becomes a reality. After $0.68 actual earnings per share reported by Newell Brands Inc. for the previous quarter, Wall Street now forecasts -58.82% negative EPS growth.

The stock decreased 2.09% or $0.56 during the last trading session, reaching $26.25. About 3.56M shares traded. Newell Brands Inc. (NWL) has risen 11.94% since March 22, 2017 and is uptrending. It has underperformed by 4.76% the S&P500.

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