Patterson Companies (PDCO) Holder Parnassus Investments Has Trimmed Holding; Exxon Mobil (XOM) Stock Value Declined While Bingham Osborn & Scarborough Lowered Its Holding

April 23, 2018 - By Vivian Currie

Patterson Companies, Inc. (NASDAQ:PDCO) Logo

Parnassus Investments decreased its stake in Patterson Companies Inc. (PDCO) by 11.88% based on its latest 2017Q4 regulatory filing with the SEC. Parnassus Investments sold 1.03 million shares as the company’s stock declined 40.18% with the market. The institutional investor held 7.62 million shares of the health care company at the end of 2017Q4, valued at $275.35 million, down from 8.65M at the end of the previous reported quarter. Parnassus Investments who had been investing in Patterson Companies Inc. for a number of months, seems to be less bullish one the $2.06 billion market cap company. The stock decreased 1.02% or $0.23 during the last trading session, reaching $22.33. About 1.41 million shares traded. Patterson Companies, Inc. (NASDAQ:PDCO) has declined 51.49% since April 23, 2017 and is downtrending. It has underperformed by 63.04% the S&P500.

Bingham Osborn & Scarborough Llc decreased its stake in Exxon Mobil Corp (XOM) by 15.3% based on its latest 2017Q4 regulatory filing with the SEC. Bingham Osborn & Scarborough Llc sold 4,451 shares as the company’s stock declined 12.23% with the market. The institutional investor held 24,646 shares of the integrated oil company at the end of 2017Q4, valued at $2.06 million, down from 29,097 at the end of the previous reported quarter. Bingham Osborn & Scarborough Llc who had been investing in Exxon Mobil Corp for a number of months, seems to be less bullish one the $334.63 billion market cap company. The stock decreased 0.53% or $0.42 during the last trading session, reaching $79. About 12.07 million shares traded. Exxon Mobil Corporation (NYSE:XOM) has declined 9.29% since April 23, 2017 and is downtrending. It has underperformed by 20.84% the S&P500.

Among 18 analysts covering Patterson Companies Inc. (NASDAQ:PDCO), 3 have Buy rating, 6 Sell and 9 Hold. Therefore 17% are positive. Patterson Companies Inc. had 46 analyst reports since August 28, 2015 according to SRatingsIntel. UBS initiated the stock with “Neutral” rating in Thursday, October 6 report. The rating was maintained by Robert W. Baird on Wednesday, November 22 with “Buy”. Morgan Stanley downgraded the shares of PDCO in report on Wednesday, December 6 to “Underweight” rating. Stifel Nicolaus maintained the shares of PDCO in report on Wednesday, August 9 with “Sell” rating. The stock has “Buy” rating by Craig Hallum on Friday, April 6. The rating was downgraded by Evercore to “Hold” on Friday, May 27. The stock has “Outperform” rating by Robert W. Baird on Tuesday, January 3. Credit Suisse maintained the stock with “Buy” rating in Thursday, July 13 report. The stock of Patterson Companies, Inc. (NASDAQ:PDCO) earned “Sell” rating by Stifel Nicolaus on Thursday, July 6. The firm earned “Neutral” rating on Friday, August 26 by Robert W. Baird.

Investors sentiment decreased to 1 in 2017 Q4. Its down 0.25, from 1.25 in 2017Q3. It is negative, as 57 investors sold PDCO shares while 113 reduced holdings. 66 funds opened positions while 104 raised stakes. 87.24 million shares or 1.30% less from 88.39 million shares in 2017Q3 were reported. Moreover, Bancorporation Of Nova Scotia has 0% invested in Patterson Companies, Inc. (NASDAQ:PDCO) for 10,826 shares. Whittier Tru, a California-based fund reported 450 shares. Bnp Paribas Asset Management Sa reported 0.04% in Patterson Companies, Inc. (NASDAQ:PDCO). Jarislowsky Fraser accumulated 15,484 shares. State Of Wisconsin Inv Board owns 79,281 shares for 0.01% of their portfolio. Alps Advisors has invested 0.34% in Patterson Companies, Inc. (NASDAQ:PDCO). Moreover, Teacher Retirement System Of Texas has 0.01% invested in Patterson Companies, Inc. (NASDAQ:PDCO). Ontario Teachers Pension Plan Board stated it has 0.03% in Patterson Companies, Inc. (NASDAQ:PDCO). Riverhead Mngmt Limited Co reported 22,581 shares. D E Shaw reported 48,605 shares. Sector Gamma As has invested 1.84% in Patterson Companies, Inc. (NASDAQ:PDCO). Guardian Life Insurance Of America accumulated 0% or 267 shares. Mufg Americas Hldgs has invested 0% in Patterson Companies, Inc. (NASDAQ:PDCO). 606 were reported by Ftb Advisors. 10,400 are owned by Macquarie Group Incorporated Limited.

Analysts await Patterson Companies, Inc. (NASDAQ:PDCO) to report earnings on May, 24. They expect $0.31 earnings per share, down 55.07% or $0.38 from last year’s $0.69 per share. PDCO’s profit will be $28.65 million for 18.01 P/E if the $0.31 EPS becomes a reality. After $0.43 actual earnings per share reported by Patterson Companies, Inc. for the previous quarter, Wall Street now forecasts -27.91% negative EPS growth.

Since January 11, 2018, it had 0 insider purchases, and 1 sale for $27,285 activity.

Parnassus Investments, which manages about $10.39B and $25.48B US Long portfolio, upped its stake in Wells Fargo & Co. (NYSE:WFC) by 6,687 shares to 15.28 million shares, valued at $927.25M in 2017Q4, according to the filing. It also increased its holding in Praxair Inc. (NYSE:PX) by 3,420 shares in the quarter, for a total of 6.42M shares, and has risen its stake in Hanesbrands Inc. (NYSE:HBI).

Among 26 analysts covering Exxon Mobil (NYSE:XOM), 10 have Buy rating, 6 Sell and 10 Hold. Therefore 38% are positive. Exxon Mobil had 92 analyst reports since July 22, 2015 according to SRatingsIntel. On Thursday, March 15 the stock rating was upgraded by HSBC to “Buy”. The firm has “Equal Weight” rating by Barclays Capital given on Tuesday, January 12. The rating was downgraded by Goldman Sachs to “Neutral” on Monday, October 31. On Tuesday, February 6 the stock rating was downgraded by Barclays Capital to “Underweight”. The rating was maintained by Jefferies with “Hold” on Thursday, October 19. The firm has “Hold” rating given on Tuesday, January 23 by Piper Jaffray. The firm earned “Conviction Buy” rating on Friday, March 18 by Goldman Sachs. The rating was upgraded by Vetr to “Buy” on Thursday, August 20. On Monday, June 5 the stock rating was upgraded by Scotia Capital to “Buy”. The stock of Exxon Mobil Corporation (NYSE:XOM) has “Hold” rating given on Wednesday, October 18 by BMO Capital Markets.

Investors sentiment decreased to 0.84 in Q4 2017. Its down 0.01, from 0.85 in 2017Q3. It is negative, as 48 investors sold XOM shares while 819 reduced holdings. 123 funds opened positions while 603 raised stakes. 2.17 billion shares or 1.92% more from 2.13 billion shares in 2017Q3 were reported. Connors Investor Services has 2.17% invested in Exxon Mobil Corporation (NYSE:XOM) for 180,340 shares. Cramer Rosenthal Mcglynn Ltd reported 5,750 shares stake. Beach Investment Counsel Incorporated Pa, Pennsylvania-based fund reported 34,840 shares. Summit Fin Strategies owns 0.17% invested in Exxon Mobil Corporation (NYSE:XOM) for 3,830 shares. Oppenheimer Asset Mngmt has 0.37% invested in Exxon Mobil Corporation (NYSE:XOM). Credit Suisse Ag accumulated 6.64M shares. Congress Asset Ma reported 86,465 shares. Lincoln Cap Ltd Co accumulated 0.86% or 18,493 shares. Lifeplan Fincl Grp invested in 5,678 shares or 0.3% of the stock. Mondrian Inv Partners invested in 145,146 shares or 0.3% of the stock. First Trust Limited Partnership holds 0.48% or 2.42M shares in its portfolio. Community Financial Services Group Inc Ltd owns 17,221 shares. Grubman Wealth accumulated 2,400 shares. Alexandria Capital Limited Liability Com holds 0.6% in Exxon Mobil Corporation (NYSE:XOM) or 49,384 shares. Nichols And Pratt Advisers Ltd Liability Partnership Ma accumulated 4.42% or 609,820 shares.

Analysts await Exxon Mobil Corporation (NYSE:XOM) to report earnings on April, 27 before the open. They expect $1.18 earnings per share, up 24.21% or $0.23 from last year’s $0.95 per share. XOM’s profit will be $5.00B for 16.74 P/E if the $1.18 EPS becomes a reality. After $0.88 actual earnings per share reported by Exxon Mobil Corporation for the previous quarter, Wall Street now forecasts 34.09% EPS growth.

Patterson Companies, Inc. (NASDAQ:PDCO) Institutional Positions Chart

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