Facebook (FB) Holder Soros Fund Management Decreased Its Holding; Montgomery Investment Management Upped Torchmark (TMK) Holding by $2.26 Million

December 8, 2017 - By Peter Erickson

Montgomery Investment Management Inc increased its stake in Torchmark Corporation (TMK) by 57.42% based on its latest 2017Q2 regulatory filing with the SEC. Montgomery Investment Management Inc bought 29,757 shares as the company’s stock declined 3.57% while stock markets rallied. The institutional investor held 81,579 shares of the life insurance company at the end of 2017Q2, valued at $6.24 million, up from 51,822 at the end of the previous reported quarter. Montgomery Investment Management Inc who had been investing in Torchmark Corporation for a number of months, seems to be bullish on the $10.29B market cap company. The stock increased 0.16% or $0.14 during the last trading session, reaching $89.17. About 290,518 shares traded. Torchmark Corporation (NYSE:TMK) has risen 25.88% since December 8, 2016 and is uptrending. It has outperformed by 9.18% the S&P500.

George Soros decreased its stake in Facebook Inc (FB) by 25.29% based on its latest 2017Q2 regulatory filing with the SEC. Soros Fund Management Llc sold 161,373 shares as the company’s stock rose 10.88% with the market. The hedge fund run by George Soros held 476,713 shares of the technology company at the end of 2017Q2, valued at $71.97M, down from 638,086 at the end of the previous reported quarter. Soros Fund Management Llc who had been investing in Facebook Inc for a number of months, seems to be less bullish one the $523.45B market cap company. The stock increased 2.32% or $4.08 during the last trading session, reaching $180.14. About 20.40M shares traded or 27.71% up from the average. Facebook, Inc. (NASDAQ:FB) has risen 26.75% since December 8, 2016 and is uptrending. It has outperformed by 10.05% the S&P500.

Soros Fund Management Llc, which manages about $5.62B US Long portfolio, upped its stake in Spdr S&P 500 Etf Tr (Put) (SPY) by 464,300 shares to 1.76M shares, valued at $424.82 million in 2017Q2, according to the filing. It also increased its holding in Mondelez Intl Inc (NASDAQ:MDLZ) by 115,000 shares in the quarter, for a total of 1.35M shares, and has risen its stake in Mobileye N V Amstelveen (NYSE:MBLY).

More notable recent Facebook, Inc. (NASDAQ:FB) news were published by: Investorplace.com which released: “Thursday’s Vital Data: Facebook Inc (FB), Advanced Micro Devices, Inc. (AMD …” on December 07, 2017, also Fool.com with their article: “Why 2017 Was a Year to Remember for Facebook Inc.” published on November 16, 2017, Livetradingnews.com published: “Facebook Inc (NASDAQ:FB) Launching Messenger For Kids” on December 07, 2017. More interesting news about Facebook, Inc. (NASDAQ:FB) were released by: Bloomberg.com and their article: “Facebook to Hire 800 New Workers in London” published on December 04, 2017 as well as Nasdaq.com‘s news article titled: “Facebook Inc (FB) COB and CEO Mark Zuckerberg Sold $42.5 million of Shares” with publication date: November 30, 2017.

Analysts await Facebook, Inc. (NASDAQ:FB) to report earnings on February, 7. They expect $1.94 EPS, up 56.45% or $0.70 from last year’s $1.24 per share. FB’s profit will be $5.64B for 23.21 P/E if the $1.94 EPS becomes a reality. After $1.59 actual EPS reported by Facebook, Inc. for the previous quarter, Wall Street now forecasts 22.01% EPS growth.

Investors sentiment increased to 1.4 in Q2 2017. Its up 0.05, from 1.35 in 2017Q1. It improved, as 48 investors sold FB shares while 553 reduced holdings. 159 funds opened positions while 684 raised stakes. 1.62 billion shares or 0.41% less from 1.63 billion shares in 2017Q1 were reported. 22,902 are owned by Baring Asset Limited. Profund Ltd Liability Com has 257,604 shares for 1.76% of their portfolio. Founders Cap Mngmt Ltd invested 0.14% of its portfolio in Facebook, Inc. (NASDAQ:FB). Intrust Fincl Bank Na accumulated 22,712 shares. Noven Financial Gru Inc Inc invested in 0.33% or 3,380 shares. Whittier Tru Communication holds 46,609 shares. Clough Cap Prtnrs Limited Partnership has invested 2.1% of its portfolio in Facebook, Inc. (NASDAQ:FB). Mogy Joel R Invest Counsel has 2.26% invested in Facebook, Inc. (NASDAQ:FB) for 87,430 shares. Lsv Asset Mgmt holds 27,600 shares or 0.01% of its portfolio. Beaconlight Ltd Liability Corp has invested 0.96% in Facebook, Inc. (NASDAQ:FB). Columbia Partners L L C Investment Mgmt has invested 1.99% in Facebook, Inc. (NASDAQ:FB). Massachusetts Fin Services Ma, Massachusetts-based fund reported 13.12M shares. Cubist Systematic Strategies Limited Liability Corp stated it has 2,152 shares. State Farm Mutual Automobile Insur Co holds 0.47% or 2.27 million shares. Fiera Capital reported 54,902 shares stake.

Among 53 analysts covering Facebook (NASDAQ:FB), 49 have Buy rating, 2 Sell and 2 Hold. Therefore 92% are positive. Facebook has $235.0 highest and $88 lowest target. $183.47’s average target is 1.85% above currents $180.14 stock price. Facebook had 210 analyst reports since July 21, 2015 according to SRatingsIntel. Cowen & Co maintained the stock with “Outperform” rating in Thursday, April 28 report. The rating was maintained by Needham on Thursday, July 30 with “Buy”. On Thursday, April 28 the stock rating was maintained by Credit Suisse with “Outperform”. The rating was maintained by Pivotal Research on Tuesday, July 11 with “Hold”. SunTrust maintained Facebook, Inc. (NASDAQ:FB) rating on Thursday, April 28. SunTrust has “Buy” rating and $135 target. Canaccord Genuity maintained Facebook, Inc. (NASDAQ:FB) rating on Monday, October 9. Canaccord Genuity has “Buy” rating and $190.0 target. Pivotal Research maintained Facebook, Inc. (NASDAQ:FB) rating on Thursday, April 28. Pivotal Research has “Buy” rating and $157 target. The rating was maintained by Canaccord Genuity on Thursday, July 30 with “Buy”. The stock of Facebook, Inc. (NASDAQ:FB) earned “Buy” rating by Canaccord Genuity on Thursday, June 15. KeyBanc Capital Markets maintained the shares of FB in report on Wednesday, September 6 with “Buy” rating.

Since June 8, 2017, it had 0 insider buys, and 2 sales for $5.82 million activity. Schroepfer Michael Todd sold $5.71 million worth of Facebook, Inc. (NASDAQ:FB) on Tuesday, June 13. 750 shares valued at $112,689 were sold by Stretch Colin on Tuesday, June 13.

Investors sentiment increased to 0.89 in 2017 Q2. Its up 0.07, from 0.82 in 2017Q1. It is positive, as 15 investors sold TMK shares while 159 reduced holdings. 49 funds opened positions while 105 raised stakes. 80.55 million shares or 3.85% less from 83.78 million shares in 2017Q1 were reported. California Employees Retirement invested in 370,534 shares. Asset accumulated 9,958 shares or 0.03% of the stock. Cambridge Invest Advisors invested in 0% or 3,517 shares. Old Mutual Customised Solutions (Proprietary) Ltd owns 3,072 shares. Oakworth Capital invested 1.17% of its portfolio in Torchmark Corporation (NYSE:TMK). Nomura Hldgs stated it has 0% in Torchmark Corporation (NYSE:TMK). Rhumbline Advisers holds 247,905 shares or 0.04% of its portfolio. Alliancebernstein LP owns 188,057 shares. Exxonmobil Invest Tx invested 0.04% of its portfolio in Torchmark Corporation (NYSE:TMK). Cap Ok has invested 0.02% in Torchmark Corporation (NYSE:TMK). Us Natl Bank De reported 39,886 shares. Cubist Systematic Strategies Limited Liability owns 5,501 shares. State Street holds 5.62 million shares or 0.04% of its portfolio. 6,697 were accumulated by Montag A &. Assetmark reported 0% of its portfolio in Torchmark Corporation (NYSE:TMK).

Montgomery Investment Management Inc, which manages about $220.92M and $218.54M US Long portfolio, decreased its stake in Merck & Company Inc. New (NYSE:MRK) by 9,120 shares to 37,961 shares, valued at $2.43 million in 2017Q2, according to the filing. It also reduced its holding in Pnc Financial Services Group I (NYSE:PNC) by 11,265 shares in the quarter, leaving it with 24,711 shares, and cut its stake in Chevron Corporation (NYSE:CVX).

Among 11 analysts covering Torchmark Corporation (NYSE:TMK), 0 have Buy rating, 4 Sell and 7 Hold. Therefore 0 are positive. Torchmark Corporation had 30 analyst reports since July 29, 2015 according to SRatingsIntel. The firm has “Sell” rating by Wells Fargo given on Wednesday, July 26. As per Friday, September 23, the company rating was reinitiated by Wells Fargo. The rating was upgraded by Goldman Sachs to “Neutral” on Friday, July 15. The firm has “Sell” rating given on Wednesday, February 24 by Goldman Sachs. The firm has “Hold” rating given on Friday, October 6 by Keefe Bruyette & Woods. Wood maintained it with “Hold” rating and $75 target in Monday, April 24 report. Bank of America upgraded the stock to “Neutral” rating in Wednesday, June 29 report. The firm has “Market Perform” rating by FBR Capital given on Monday, August 3. The company was upgraded on Wednesday, September 2 by Zacks. As per Friday, October 7, the company rating was initiated by Credit Suisse.

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