Intuit (INTU) Stock Price Rose While Kbc Group Nv Lowered Position by $993,858; Letko Brosseau & Associates Upped Stake in Eastman Chem Co (EMN) as Share Price Declined

February 19, 2018 - By Maria Brooks

Letko Brosseau & Associates Inc increased its stake in Eastman Chem Co (EMN) by 0.81% based on its latest 2017Q3 regulatory filing with the SEC. Letko Brosseau & Associates Inc bought 6,640 shares as the company’s stock declined 2.09% while stock markets rallied. The institutional investor held 825,070 shares of the major chemicals company at the end of 2017Q3, valued at $74.66 million, up from 818,430 at the end of the previous reported quarter. Letko Brosseau & Associates Inc who had been investing in Eastman Chem Co for a number of months, seems to be bullish on the $14.32 billion market cap company. The stock increased 0.02% or $0.02 during the last trading session, reaching $100.13. About 1.19M shares traded. Eastman Chemical Company (NYSE:EMN) has risen 7.60% since February 19, 2017 and is uptrending. It has underperformed by 9.10% the S&P500.

Kbc Group Nv decreased its stake in Intuit (INTU) by 10.51% based on its latest 2017Q3 regulatory filing with the SEC. Kbc Group Nv sold 6,999 shares as the company’s stock rose 4.61% with the market. The institutional investor held 59,568 shares of the prepackaged software company at the end of 2017Q3, valued at $8.47M, down from 66,567 at the end of the previous reported quarter. Kbc Group Nv who had been investing in Intuit for a number of months, seems to be less bullish one the $43.89B market cap company. The stock increased 1.41% or $2.38 during the last trading session, reaching $171.69. About 1.70M shares traded or 24.66% up from the average. Intuit Inc. (NASDAQ:INTU) has risen 23.62% since February 19, 2017 and is uptrending. It has outperformed by 6.92% the S&P500.

Since August 22, 2017, it had 0 insider buys, and 4 selling transactions for $1.63 million activity. $479,024 worth of Eastman Chemical Company (NYSE:EMN) was sold by Stuckey Perry on Tuesday, October 31. Shares for $435,516 were sold by WARMACK DAMON CARY on Wednesday, February 7. On Tuesday, August 22 the insider HORNBAKER RENEE J sold $337,720. $399,360 worth of stock was sold by DEMERITT STEPHEN R on Wednesday, February 7.

Investors sentiment increased to 1.18 in Q3 2017. Its up 0.04, from 1.14 in 2017Q2. It increased, as 32 investors sold EMN shares while 175 reduced holdings. 67 funds opened positions while 178 raised stakes. 115.86 million shares or 0.58% less from 116.54 million shares in 2017Q2 were reported. 2,364 are owned by Aspiriant Limited Co. New Jersey-based Caxton Associate Ltd Partnership has invested 0.02% in Eastman Chemical Company (NYSE:EMN). Advisory Rech Inc has 0.01% invested in Eastman Chemical Company (NYSE:EMN) for 5,212 shares. Oregon-based Jensen Investment Management Inc has invested 0.01% in Eastman Chemical Company (NYSE:EMN). National Bank & Trust Of Montreal Can owns 417,077 shares. Exxonmobil Invest Tx holds 0.06% in Eastman Chemical Company (NYSE:EMN) or 26,457 shares. Lvw Advsrs Limited Liability Com, New York-based fund reported 2,410 shares. Regions Financial has 16,973 shares for 0.02% of their portfolio. Parkwood Ltd stated it has 2,213 shares or 0.03% of all its holdings. Retirement Sys Of Alabama holds 0.03% of its portfolio in Eastman Chemical Company (NYSE:EMN) for 70,288 shares. Massachusetts Fin Com Ma holds 0.02% or 459,707 shares in its portfolio. British Columbia – Canada-based British Columbia Mngmt has invested 0.07% in Eastman Chemical Company (NYSE:EMN). Raymond James Trust Na stated it has 34,068 shares. Citadel Advsr Ltd Com has 35,610 shares for 0% of their portfolio. The Alabama-based Oakworth Inc has invested 0.01% in Eastman Chemical Company (NYSE:EMN).

Among 17 analysts covering Eastman Chemical Company (NYSE:EMN), 9 have Buy rating, 2 Sell and 6 Hold. Therefore 53% are positive. Eastman Chemical Company had 56 analyst reports since July 30, 2015 according to SRatingsIntel. The stock of Eastman Chemical Company (NYSE:EMN) earned “Outperform” rating by Cowen & Co on Monday, August 7. RBC Capital Markets maintained the stock with “Hold” rating in Thursday, January 25 report. The firm has “Sector Perform” rating by RBC Capital Markets given on Monday, October 31. Deutsche Bank maintained the stock with “” rating in Thursday, September 3 report. The firm earned “Buy” rating on Thursday, August 24 by KeyBanc Capital Markets. KeyBanc Capital Markets maintained it with “Buy” rating and $108.0 target in Monday, October 30 report. The firm has “Hold” rating by RBC Capital Markets given on Monday, October 9. The firm has “Overweight” rating given on Monday, October 30 by JP Morgan. The rating was maintained by Jefferies on Monday, August 28 with “Buy”. The stock of Eastman Chemical Company (NYSE:EMN) earned “Buy” rating by Deutsche Bank on Friday, May 26.

Letko Brosseau & Associates Inc, which manages about $24.00B and $11.05 billion US Long portfolio, decreased its stake in Fluor Corp New (NYSE:FLR) by 9,175 shares to 828,988 shares, valued at $34.90 million in 2017Q3, according to the filing. It also reduced its holding in Bb&T Corp (NYSE:BBT) by 10,715 shares in the quarter, leaving it with 1.09 million shares, and cut its stake in Canadian Nat Res Ltd (NYSE:CNQ).

Kbc Group Nv, which manages about $11.02 billion US Long portfolio, upped its stake in Fleetcor Technologies Inc (NYSE:FLT) by 10,406 shares to 20,926 shares, valued at $3.24 million in 2017Q3, according to the filing. It also increased its holding in Nucor Corp (NYSE:NUE) by 7,293 shares in the quarter, for a total of 41,998 shares, and has risen its stake in Boston Scientific Corp (NYSE:BSX).

Analysts await Intuit Inc. (NASDAQ:INTU) to report earnings on February, 22. They expect $0.09 EPS, up 28.57% or $0.02 from last year’s $0.07 per share. INTU’s profit will be $23.01 million for 476.92 P/E if the $0.09 EPS becomes a reality. After $-0.14 actual EPS reported by Intuit Inc. for the previous quarter, Wall Street now forecasts -164.29% EPS growth.

Since August 24, 2017, it had 0 insider purchases, and 15 selling transactions for $155.18 million activity. Wernikoff Daniel A sold $2.18 million worth of stock. Shares for $26.05M were sold by Williams R Neil. COOK SCOTT D had sold 183,334 shares worth $24.79 million. $2.29 million worth of Intuit Inc. (NASDAQ:INTU) was sold by Goodarzi Sasan K. FLOURNOY MARK J sold $265,839 worth of Intuit Inc. (NASDAQ:INTU) on Monday, September 11.

Investors sentiment decreased to 0.92 in Q3 2017. Its down 0.04, from 0.96 in 2017Q2. It turned negative, as 33 investors sold INTU shares while 249 reduced holdings. 66 funds opened positions while 193 raised stakes. 215.12 million shares or 0.10% less from 215.33 million shares in 2017Q2 were reported. Fisher Asset Limited Liability Company has invested 0% in Intuit Inc. (NASDAQ:INTU). Dubuque National Bank And Tru Communications holds 125 shares. Kentucky Retirement System Insurance Tru Fund invested in 0.16% or 6,436 shares. Eagle Mngmt Ltd Liability Com reported 22,893 shares. Eaton Vance Management accumulated 226,592 shares. Transamerica Financial Inc holds 20,088 shares. Public Employees Retirement Sys Of Ohio owns 378,459 shares or 0.28% of their US portfolio. Boothbay Fund Lc holds 15,794 shares or 0.37% of its portfolio. Eqis Capital Mngmt has invested 0.03% in Intuit Inc. (NASDAQ:INTU). Cannell Peter B owns 2,892 shares. Moreover, Commerzbank Aktiengesellschaft Fi has 0.02% invested in Intuit Inc. (NASDAQ:INTU). Gemmer Asset Management Ltd Llc reported 275 shares. Nuveen Asset Llc invested in 0.14% or 155,156 shares. The Florida-based Cypress Grp has invested 0.55% in Intuit Inc. (NASDAQ:INTU). 66,231 are held by State Of Tennessee Treasury Department.

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