Private Asset Management Boosted Holding in Public Storage (PSA); Norinchukin Bank The Upped Colgate Palmolive Co (CL) Stake by $1.36 Million; Market Value Rose

January 16, 2018 - By Winifred Garcia

Private Asset Management Inc increased its stake in Public Storage Inc. (PSA) by 315.19% based on its latest 2017Q3 regulatory filing with the SEC. Private Asset Management Inc bought 5,705 shares as the company’s stock declined 5.00% while stock markets rallied. The institutional investor held 7,515 shares of the real estate investment trusts company at the end of 2017Q3, valued at $1.61M, up from 1,810 at the end of the previous reported quarter. Private Asset Management Inc who had been investing in Public Storage Inc. for a number of months, seems to be bullish on the $33.69 billion market cap company. The stock decreased 1.31% or $2.57 during the last trading session, reaching $193.55. About 957,647 shares traded or 19.42% up from the average. Public Storage (NYSE:PSA) has declined 14.14% since January 16, 2017 and is downtrending. It has underperformed by 30.84% the S&P500.

Norinchukin Bank The increased its stake in Colgate Palmolive Co (CL) by 4.56% based on its latest 2017Q3 regulatory filing with the SEC. Norinchukin Bank The bought 18,931 shares as the company’s stock rose 3.95% with the market. The institutional investor held 434,204 shares of the package goods and cosmetics company at the end of 2017Q3, valued at $31.63M, up from 415,273 at the end of the previous reported quarter. Norinchukin Bank The who had been investing in Colgate Palmolive Co for a number of months, seems to be bullish on the $65.52 billion market cap company. The stock increased 0.09% or $0.07 during the last trading session, reaching $74.62. About 2.34 million shares traded. Colgate-Palmolive Company (NYSE:CL) has risen 6.23% since January 16, 2017 and is uptrending. It has underperformed by 10.47% the S&P500.

Among 17 analysts covering Public Storage (NYSE:PSA), 2 have Buy rating, 6 Sell and 9 Hold. Therefore 12% are positive. Public Storage had 61 analyst reports since July 21, 2015 according to SRatingsIntel. Goldman Sachs downgraded the stock to “Sell” rating in Monday, April 25 report. The firm has “Sell” rating by BMO Capital Markets given on Monday, September 11. Jefferies maintained it with “Hold” rating and $22200 target in Monday, June 12 report. The rating was maintained by BMO Capital Markets with “Hold” on Thursday, March 23. The rating was maintained by Jefferies with “Hold” on Monday, November 27. The firm earned “Hold” rating on Monday, August 22 by Evercore. The firm has “Equalweight” rating by Barclays Capital given on Tuesday, July 19. Robert W. Baird initiated the stock with “Neutral” rating in Thursday, July 23 report. On Monday, July 24 the stock rating was maintained by Jefferies with “Hold”. The rating was downgraded by Raymond James on Thursday, January 7 to “Mkt Perform”.

Private Asset Management Inc, which manages about $620.74M US Long portfolio, decreased its stake in Eaton Corp Plc by 6,295 shares to 80,982 shares, valued at $6.22 million in 2017Q3, according to the filing. It also reduced its holding in Xylem Inc (NYSE:XYL) by 5,150 shares in the quarter, leaving it with 67,276 shares, and cut its stake in Procter & Gamble Co Com (NYSE:PG).

Among 25 analysts covering Colgate-Palmolive (NYSE:CL), 6 have Buy rating, 1 Sell and 18 Hold. Therefore 24% are positive. Colgate-Palmolive had 63 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was upgraded by Zacks on Friday, September 4 to “Hold”. The firm has “Hold” rating by RBC Capital Markets given on Friday, May 26. The firm earned “Neutral” rating on Friday, April 29 by UBS. The firm earned “Hold” rating on Monday, October 30 by Jefferies. The firm has “Hold” rating given on Wednesday, August 5 by Zacks. The rating was initiated by Atlantic Securities on Wednesday, January 6 with “Overweight”. The firm has “Market Perform” rating given on Tuesday, November 15 by Wells Fargo. The stock of Colgate-Palmolive Company (NYSE:CL) earned “Neutral” rating by UBS on Friday, July 29. The firm has “Hold” rating by RBC Capital Markets given on Friday, November 10. The firm has “Hold” rating by Stifel Nicolaus given on Monday, January 30.

Since August 1, 2017, it had 0 buys, and 8 insider sales for $11.05 million activity. Verduin Patricia had sold 3,833 shares worth $273,868. Another trade for 7,375 shares valued at $539,694 was made by Daniels Jennifer on Wednesday, December 13. 73,872 Colgate-Palmolive Company (NYSE:CL) shares with value of $5.30M were sold by HICKEY DENNIS J. MOISON FRANCK J sold $2.50M worth of stock. Another trade for 14,000 shares valued at $999,064 was made by HUSTON JOHN J on Thursday, August 10. $1.00M worth of stock was sold by Marsili Daniel B on Tuesday, August 15.

Norinchukin Bank The, which manages about $5.17B US Long portfolio, decreased its stake in Darden Restaurants Inc (NYSE:DRI) by 19,446 shares to 11,900 shares, valued at $937,000 in 2017Q3, according to the filing. It also reduced its holding in Harley Davidson Inc (NYSE:HOG) by 27,208 shares in the quarter, leaving it with 12,697 shares, and cut its stake in Amphenol Corp New (NYSE:APH).

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