Gaming & Leisure Pptys (GLPI) Holding Maintained by Covalent Partners Llc; Rench Wealth Management Has Raised Kimberly Clark (KMB) Position by $435,480

May 20, 2018 - By Adrian Erickson

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Logo

Rench Wealth Management Inc increased its stake in Kimberly Clark Corp (KMB) by 12.94% based on its latest 2017Q4 regulatory filing with the SEC. Rench Wealth Management Inc bought 3,629 shares as the company’s stock declined 10.91% with the market. The institutional investor held 31,680 shares of the containers and packaging company at the end of 2017Q4, valued at $3.82 million, up from 28,051 at the end of the previous reported quarter. Rench Wealth Management Inc who had been investing in Kimberly Clark Corp for a number of months, seems to be bullish on the $36.22B market cap company. The stock decreased 1.14% or $1.2 during the last trading session, reaching $103.67. About 2.50 million shares traded or 7.04% up from the average. Kimberly-Clark Corporation (NYSE:KMB) has declined 18.78% since May 20, 2017 and is downtrending. It has underperformed by 30.33% the S&P500.

Robert Hockett increased its stake in Gaming & Leisure Pptys Inc (GLPI) by 59.51% based on its latest 2017Q4 regulatory filing with the SEC. Covalent Partners Llc bought 138,179 shares as the company’s stock declined 9.45% with the market. The hedge fund run by Robert Hockett held 370,366 shares of the consumer services company at the end of 2017Q4, valued at $13.70M, up from 232,187 at the end of the previous reported quarter. Covalent Partners Llc who had been investing in Gaming & Leisure Pptys Inc for a number of months, seems to be bullish on the $7.38 billion market cap company. The stock decreased 0.75% or $0.26 during the last trading session, reaching $34.58. About 1.03M shares traded. Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) has risen 2.70% since May 20, 2017 and is uptrending. It has underperformed by 8.85% the S&P500.

More notable recent Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) news were published by: Nasdaq.com which released: “Gaming and Leisure Properties Announces Public Offering of $1000000000 of Senior Notes” on May 07, 2018, also Benzinga.com with their article: “24 Stocks Moving In Wednesday’s Pre-Market Session” published on April 25, 2018, Nasdaq.com published: “Is Eldorado Resorts Expanding Too Fast?” on April 23, 2018. More interesting news about Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) were released by: Nasdaq.com and their article: “Gaming and Leisure Properties Announces a Tender Offer and Consent Solicitation for Outstanding 4.375% Senior …” published on May 07, 2018 as well as Fool.com‘s news article titled: “How Penn National Gaming Stays One Step Ahead of the Competition” with publication date: May 09, 2018.

Among 12 analysts covering Gaming and Leisure Properties (NASDAQ:GLPI), 5 have Buy rating, 1 Sell and 6 Hold. Therefore 42% are positive. Gaming and Leisure Properties had 31 analyst reports since August 4, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Thursday, October 26 by Stifel Nicolaus. On Thursday, December 15 the stock rating was downgraded by Bank of America to “Underperform”. Bank of America maintained the stock with “Underperform” rating in Tuesday, April 17 report. Stifel Nicolaus maintained the stock with “Hold” rating in Thursday, February 8 report. The rating was maintained by Deutsche Bank on Wednesday, August 10 with “Buy”. As per Tuesday, February 6, the company rating was maintained by Susquehanna. The stock of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) earned “Buy” rating by Ladenburg on Monday, February 12. Bank of America maintained it with “Underperform” rating and $31 target in Friday, February 9 report. The firm earned “Hold” rating on Tuesday, October 24 by SunTrust. As per Thursday, January 18, the company rating was initiated by Jefferies.

Since February 12, 2018, it had 2 insider buys, and 0 insider sales for $4.14 million activity. CLIFFORD WILLIAM J also bought $2.81M worth of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) on Monday, February 12.

Investors sentiment decreased to 1.31 in Q4 2017. Its down 0.07, from 1.38 in 2017Q3. It dropped, as 25 investors sold GLPI shares while 78 reduced holdings. 34 funds opened positions while 101 raised stakes. 191.09 million shares or 0.73% less from 192.49 million shares in 2017Q3 were reported. Federated Pa has invested 0% of its portfolio in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI). Gabelli Funds Ltd Liability Company has invested 0.03% of its portfolio in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI). Employees Retirement Association Of Colorado holds 0.01% of its portfolio in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) for 48,654 shares. Kennedy Cap Mngmt reported 0.1% of its portfolio in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI). Amp Cap Invsts Ltd stated it has 0.03% in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI). 370,366 are held by Covalent Limited Liability Corp. Renaissance Lc reported 7.67M shares. Sumitomo Mitsui Hldgs invested in 0.01% or 182,719 shares. 4.37M are held by Daiwa Securities Incorporated. Great West Life Assurance Can holds 0% of its portfolio in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) for 26,339 shares. Whittier Trust Of Nevada has invested 0% in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI). Hsbc Public Limited Com reported 19,839 shares. First Foundation Advsrs holds 0.89% or 443,626 shares in its portfolio. Macquarie Ltd holds 0% or 56,800 shares in its portfolio. 238,409 are held by State Board Of Administration Of Florida Retirement System.

Covalent Partners Llc, which manages about $968.54M and $117.95 million US Long portfolio, decreased its stake in Weatherford Intl Plc (NYSE:WFT) by 705,563 shares to 240,741 shares, valued at $1.00M in 2017Q4, according to the filing. It also reduced its holding in C&J Energy Svcs Inc New by 19,071 shares in the quarter, leaving it with 180,929 shares, and cut its stake in Nextdecade Corp.

More news for Kimberly-Clark Corporation (NYSE:KMB) were recently published by: Prnewswire.com, which released: “Kimberly-Clark Announces Executive Leadership Changes” on May 11, 2018. Seekingalpha.com‘s article titled: “Dividend Income Update April 2018” and published on May 13, 2018 is yet another important article.

Investors sentiment decreased to 0.93 in Q4 2017. Its down 0.03, from 0.96 in 2017Q3. It is negative, as 72 investors sold KMB shares while 404 reduced holdings. 99 funds opened positions while 344 raised stakes. 252.01 million shares or 2.69% more from 245.40 million shares in 2017Q3 were reported. Verity & Verity holds 12,911 shares or 0.44% of its portfolio. Miller Mngmt Limited Partnership holds 14,626 shares or 0.54% of its portfolio. Assetmark holds 0% of its portfolio in Kimberly-Clark Corporation (NYSE:KMB) for 575 shares. Moreover, Cambridge Advisors has 0.12% invested in Kimberly-Clark Corporation (NYSE:KMB) for 2,805 shares. Cibc Asset Mngmt stated it has 0.04% in Kimberly-Clark Corporation (NYSE:KMB). Btr Mgmt Incorporated reported 0.16% in Kimberly-Clark Corporation (NYSE:KMB). Virginia Retirement System Et Al invested in 0.06% or 44,700 shares. Kornitzer Capital Mngmt Inc Ks reported 235,340 shares. Cubic Asset Limited Liability Co has 1.26% invested in Kimberly-Clark Corporation (NYSE:KMB). Toronto Dominion Bank reported 0.06% stake. Whitnell & Company has invested 0.39% in Kimberly-Clark Corporation (NYSE:KMB). Toth Financial Advisory, Virginia-based fund reported 25,395 shares. Salem Inv Counselors accumulated 1,800 shares. Harvey Inv Limited Liability has invested 0.04% of its portfolio in Kimberly-Clark Corporation (NYSE:KMB). North Amer holds 0.09% or 4,828 shares.

Since January 29, 2018, it had 1 buying transaction, and 1 sale for $2.57 million activity. Another trade for 23,158 shares valued at $2.77 million was sold by Underhill Kimberly K.

Rench Wealth Management Inc, which manages about $147.20 million and $153.74 million US Long portfolio, decreased its stake in Microsoft Corp (NASDAQ:MSFT) by 6,578 shares to 59,512 shares, valued at $5.09M in 2017Q4, according to the filing. It also reduced its holding in Omega Healthcare Invs Inc (NYSE:OHI) by 21,878 shares in the quarter, leaving it with 79,786 shares, and cut its stake in Devon Energy Corp New (NYSE:DVN).

Among 19 analysts covering Kimberly-Clark (NYSE:KMB), 2 have Buy rating, 5 Sell and 12 Hold. Therefore 11% are positive. Kimberly-Clark had 64 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Kimberly-Clark Corporation (NYSE:KMB) has “Neutral” rating given on Tuesday, October 24 by Bank of America. The company was maintained on Tuesday, October 25 by B. Riley & Co. On Monday, January 9 the stock rating was downgraded by Barclays Capital to “Equal Weight”. As per Monday, December 14, the company rating was upgraded by Goldman Sachs. The stock of Kimberly-Clark Corporation (NYSE:KMB) has “Neutral” rating given on Friday, August 11 by Citigroup. B. Riley & Co maintained the shares of KMB in report on Monday, October 26 with “Neutral” rating. The stock has “Hold” rating by Zacks on Thursday, September 17. The stock of Kimberly-Clark Corporation (NYSE:KMB) earned “Sector Perform” rating by RBC Capital Markets on Thursday, October 22. The rating was maintained by Citigroup with “Sell” on Wednesday, January 24. The stock of Kimberly-Clark Corporation (NYSE:KMB) has “Neutral” rating given on Wednesday, July 27 by Citigroup.

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Institutional Positions Chart

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