London Co Of Virginia Position in Deere & Co (DE) Trimmed by $5.62 Million; As Aetna (AET) Stock Rose, Shareholder Highstreet Asset Management Has Lowered Its Stake

November 15, 2017 - By Henry Gaston

Highstreet Asset Management Inc decreased its stake in Aetna Inc. (AET) by 91.45% based on its latest 2017Q2 regulatory filing with the SEC. Highstreet Asset Management Inc sold 6,471 shares as the company’s stock rose 12.84% with the market. The institutional investor held 605 shares of the medical specialities company at the end of 2017Q2, valued at $92,000, down from 7,076 at the end of the previous reported quarter. Highstreet Asset Management Inc who had been investing in Aetna Inc. for a number of months, seems to be less bullish one the $56.03B market cap company. It closed at $171.83 lastly. It is down 28.84% since November 15, 2016 and is uptrending. It has outperformed by 12.14% the S&P500.

London Co Of Virginia decreased its stake in Deere & Co (DE) by 5.21% based on its latest 2017Q2 regulatory filing with the SEC. London Co Of Virginia sold 45,670 shares as the company’s stock rose 9.64% with the market. The institutional investor held 830,840 shares of the industrial machinery and components company at the end of 2017Q2, valued at $102.68M, down from 876,510 at the end of the previous reported quarter. London Co Of Virginia who had been investing in Deere & Co for a number of months, seems to be less bullish one the $42.69B market cap company. The stock declined 0.91% or $1.21 reaching $131.67 per share. About 8,621 shares traded. Deere & Company (NYSE:DE) has risen 46.99% since November 15, 2016 and is uptrending. It has outperformed by 30.29% the S&P500.

Analysts await Aetna Inc (NYSE:AET) to report earnings on January, 30. They expect $1.23 earnings per share, down 24.54% or $0.40 from last year’s $1.63 per share. AET’s profit will be $401.08 million for 34.92 P/E if the $1.23 EPS becomes a reality. After $2.45 actual earnings per share reported by Aetna Inc for the previous quarter, Wall Street now forecasts -49.80% negative EPS growth.

Highstreet Asset Management Inc, which manages about $926.09M US Long portfolio, upped its stake in Open Text Corp. (NASDAQ:OTEX) by 414,077 shares to 539,152 shares, valued at $17.03 million in 2017Q2, according to the filing. It also increased its holding in Newmont Mining Corp. (NYSE:NEM) by 41,259 shares in the quarter, for a total of 55,763 shares, and has risen its stake in Manulife Financial Corp. (NYSE:MFC).

Since May 16, 2017, it had 0 insider purchases, and 2 sales for $5.20 million activity. 103,547 shares valued at $14.58 million were sold by Bertolini Mark T on Tuesday, May 16. On Wednesday, June 7 Lynch Karen S sold $1.17 million worth of Aetna Inc (NYSE:AET) or 7,825 shares.

More notable recent Aetna Inc (NYSE:AET) news were published by: Reuters.com which released: “CVS deal for Aetna could help retailer face Amazon entry: analysts” on October 27, 2017, also Bloomberg.com with their article: “Aetna Gains on Report That CVS Deal Price Could Top $70 Billion” published on November 03, 2017, Benzinga.com published: “Lightning Round: Jim Cramer Weighs In On Wendys, Aetna And More” on November 15, 2017. More interesting news about Aetna Inc (NYSE:AET) were released by: Investorplace.com and their article: “Trade of the Day: Aetna Inc (AET)” published on November 10, 2017 as well as Reuters.com‘s news article titled: “CVS bid for Aetna: A $66 billion bet on cutting drug costs” with publication date: October 29, 2017.

Investors sentiment decreased to 0.69 in 2017 Q2. Its down 0.25, from 0.94 in 2017Q1. It is negative, as 62 investors sold AET shares while 331 reduced holdings. 76 funds opened positions while 195 raised stakes. 290.06 million shares or 2.18% less from 296.52 million shares in 2017Q1 were reported. Banque Pictet Cie Sa reported 69,596 shares. Loomis Sayles LP has 338,762 shares for 0.12% of their portfolio. Jefferies Gp Limited Liability Co has 12,321 shares. Renaissance Group Limited Liability Co reported 245,590 shares or 1.37% of all its holdings. First Mercantile Trust reported 2,226 shares. Duncker Streett & Communication has invested 0.03% in Aetna Inc (NYSE:AET). Nippon Life Ins invested 0.04% of its portfolio in Aetna Inc (NYSE:AET). Headinvest Ltd Liability accumulated 2,000 shares. Ny State Common Retirement Fund has 0.18% invested in Aetna Inc (NYSE:AET). Alphamark Advisors Limited Liability has 0.02% invested in Aetna Inc (NYSE:AET). Stelliam Inv Mgmt LP has 490,000 shares. Citigroup reported 279,258 shares or 0.04% of all its holdings. Financial Architects has 0.05% invested in Aetna Inc (NYSE:AET). Farmers National Bank & Trust has invested 0.12% in Aetna Inc (NYSE:AET). Berkshire Asset Management Limited Liability Com Pa holds 0.07% of its portfolio in Aetna Inc (NYSE:AET) for 4,173 shares.

Among 23 analysts covering Aetna (NYSE:AET), 10 have Buy rating, 0 Sell and 13 Hold. Therefore 43% are positive. Aetna had 59 analyst reports since July 30, 2015 according to SRatingsIntel. The rating was maintained by Citigroup on Thursday, November 2 with “Buy”. The firm has “Hold” rating given on Tuesday, October 31 by Cantor Fitzgerald. The rating was maintained by RBC Capital Markets on Friday, June 9 with “Outperform”. The stock of Aetna Inc (NYSE:AET) has “Market Perform” rating given on Friday, October 27 by BMO Capital Markets. As per Friday, November 3, the company rating was upgraded by Raymond James. The stock of Aetna Inc (NYSE:AET) earned “Hold” rating by Piper Jaffray on Monday, October 23. Piper Jaffray initiated Aetna Inc (NYSE:AET) on Wednesday, January 4 with “Neutral” rating. The stock has “Mkt Perform” rating by Leerink Swann on Tuesday, January 24. The rating was initiated by JP Morgan with “Overweight” on Wednesday, September 16. Deutsche Bank maintained the shares of AET in report on Thursday, July 13 with “Hold” rating.

Analysts await Deere & Company (NYSE:DE) to report earnings on November, 22 before the open. They expect $1.41 EPS, up 56.67% or $0.51 from last year’s $0.9 per share. DE’s profit will be $457.15M for 23.35 P/E if the $1.41 EPS becomes a reality. After $1.97 actual EPS reported by Deere & Company for the previous quarter, Wall Street now forecasts -28.43% negative EPS growth.

London Co Of Virginia, which manages about $14.73 billion US Long portfolio, upped its stake in Ishares Tr (IWM) by 22,757 shares to 42,618 shares, valued at $6.01 million in 2017Q2, according to the filing. It also increased its holding in Norfolk Southern Corp (NYSE:NSC) by 46,876 shares in the quarter, for a total of 3.86 million shares, and has risen its stake in Microsoft Corp (NASDAQ:MSFT).

Since May 19, 2017, it had 0 insider purchases, and 4 selling transactions for $11.66 million activity. Shares for $792,135 were sold by Howze Marc A. 19,907 Deere & Company (NYSE:DE) shares with value of $2.50M were sold by May John C II. The insider ALLEN SAMUEL R sold 62,704 shares worth $7.84 million.

Investors sentiment increased to 1 in 2017 Q2. Its up 0.15, from 0.85 in 2017Q1. It improved, as 39 investors sold DE shares while 332 reduced holdings. 110 funds opened positions while 261 raised stakes. 209.56 million shares or 1.26% less from 212.23 million shares in 2017Q1 were reported. Sequoia Financial Advsr Ltd Liability Corp invested in 1,744 shares. Hbk Invests Limited Partnership holds 0.07% or 57,569 shares in its portfolio. Nadler Gp, a Illinois-based fund reported 2,704 shares. Bollard Group Ltd Liability Corporation has invested 0.59% in Deere & Company (NYSE:DE). Nichols & Pratt Advisers Llp Ma reported 1,800 shares. Moreover, Mcgowan Gru Asset Mgmt has 0.06% invested in Deere & Company (NYSE:DE). Zwj Invest Counsel Inc stated it has 1,960 shares. Sun Life reported 2,151 shares. Amf Pensionsforsakring Ab stated it has 0.09% in Deere & Company (NYSE:DE). Ohio-based Fort Washington Advsrs Incorporated Oh has invested 0.1% in Deere & Company (NYSE:DE). Inspirion Wealth Limited Liability Corporation reported 0.25% in Deere & Company (NYSE:DE). Ngam Advsr LP stated it has 0.59% in Deere & Company (NYSE:DE). 1.61 million are held by Los Angeles & Equity Research Inc. Independent Consultants Incorporated reported 0% stake. Investec Asset Limited invested in 535,577 shares or 0.32% of the stock.

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