Fulton Financial (FULT) Holder Kestrel Investment Management Has Cut Its Stake by $466,200 as Valuation Declined; Orrstown Financial Services Increased Its Sysco (SYY) Holding by $868,150

December 8, 2017 - By Clifton Ray

Orrstown Financial Services Inc increased its stake in Sysco Corp (SYY) by 3493.56% based on its latest 2017Q2 regulatory filing with the SEC. Orrstown Financial Services Inc bought 17,363 shares as the company’s stock rose 4.26% with the market. The institutional investor held 17,860 shares of the food distributors company at the end of 2017Q2, valued at $899,000, up from 497 at the end of the previous reported quarter. Orrstown Financial Services Inc who had been investing in Sysco Corp for a number of months, seems to be bullish on the $31.74 billion market cap company. The stock increased 2.34% or $1.39 during the last trading session, reaching $60.91. About 3.98M shares traded or 66.54% up from the average. Sysco Corporation (NYSE:SYY) has risen 11.23% since December 8, 2016 and is uptrending. It has underperformed by 5.47% the S&P500.

Kestrel Investment Management Corp decreased its stake in Fulton Financial Corp (FULT) by 4.61% based on its latest 2017Q2 regulatory filing with the SEC. Kestrel Investment Management Corp sold 25,900 shares as the company’s stock declined 8.64% while stock markets rallied. The institutional investor held 535,900 shares of the major banks company at the end of 2017Q2, valued at $10.18 million, down from 561,800 at the end of the previous reported quarter. Kestrel Investment Management Corp who had been investing in Fulton Financial Corp for a number of months, seems to be less bullish one the $3.21 billion market cap company. The stock increased 0.27% or $0.05 during the last trading session, reaching $18.3. About 610,785 shares traded. Fulton Financial Corporation (NASDAQ:FULT) has risen 28.55% since December 8, 2016 and is uptrending. It has outperformed by 11.85% the S&P500.

Analysts await Fulton Financial Corporation (NASDAQ:FULT) to report earnings on January, 16. They expect $0.28 EPS, up 16.67% or $0.04 from last year’s $0.24 per share. FULT’s profit will be $49.04 million for 16.34 P/E if the $0.28 EPS becomes a reality. After $0.28 actual EPS reported by Fulton Financial Corporation for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Investors sentiment increased to 1.49 in Q2 2017. Its up 0.27, from 1.22 in 2017Q1. It improved, as 17 investors sold FULT shares while 50 reduced holdings. 21 funds opened positions while 79 raised stakes. 109.92 million shares or 2.06% more from 107.71 million shares in 2017Q1 were reported. Brookstone Capital Management reported 31,447 shares. Janney Montgomery Scott Lc accumulated 0.02% or 65,621 shares. Aristotle Boston Ltd Liability Company stated it has 104,678 shares or 0.22% of all its holdings. Gardner Russo Gardner Ltd Liability Co has 84,843 shares. Los Angeles Capital Management And Equity Rech stated it has 0% of its portfolio in Fulton Financial Corporation (NASDAQ:FULT). Pinebridge Investments LP holds 0.05% of its portfolio in Fulton Financial Corporation (NASDAQ:FULT) for 93,152 shares. Commonwealth Of Pennsylvania Pub School Empls Retrmt invested in 25,513 shares or 0.01% of the stock. Renaissance Technology Limited Liability Corporation stated it has 0% in Fulton Financial Corporation (NASDAQ:FULT). Arizona State Retirement Systems stated it has 0.02% in Fulton Financial Corporation (NASDAQ:FULT). Texas Permanent School Fund reported 127,634 shares. Public Employees Retirement Association Of Colorado stated it has 26,532 shares. Chicago Equity Partners Lc holds 0.26% or 500,662 shares in its portfolio. Numeric Invsts Limited Liability, Massachusetts-based fund reported 76,300 shares. Tiaa Cref Inv Management Ltd Liability Corporation reported 0.01% stake. Paradigm Asset Mgmt Communications Ltd Co owns 0% invested in Fulton Financial Corporation (NASDAQ:FULT) for 31,800 shares.

More notable recent Fulton Financial Corporation (NASDAQ:FULT) news were published by: Businesswire.com which released: “Fulton Financial Announces Termination of Consent Orders for Three Bank …” on October 30, 2017, also Businesswire.com with their article: “Fulton Financial Expands Executive Leadership Team” published on October 23, 2017, Businesswire.com published: “Fulton Financial Corporation Announces Dates for Third Quarter Earnings …” on October 04, 2017. More interesting news about Fulton Financial Corporation (NASDAQ:FULT) were released by: Cpbj.com and their article: “Fulton Bank CEO, Fulton Financial COO to retire” published on October 24, 2017 as well as Nasdaq.com‘s news article titled: “Fulton Financial Corporation (FULT) Ex-Dividend Date Scheduled for September …” with publication date: September 28, 2017.

Among 11 analysts covering Fulton Financial Corp. (NASDAQ:FULT), 0 have Buy rating, 1 Sell and 10 Hold. Therefore 0 are positive. Fulton Financial Corp. has $2000 highest and $11 lowest target. $16.75’s average target is -8.47% below currents $18.3 stock price. Fulton Financial Corp. had 26 analyst reports since July 24, 2015 according to SRatingsIntel. Jefferies maintained the shares of FULT in report on Friday, August 11 with “Hold” rating. The firm has “Hold” rating by Piper Jaffray given on Thursday, July 13. The stock of Fulton Financial Corporation (NASDAQ:FULT) earned “Hold” rating by Keefe Bruyette & Woods on Wednesday, October 18. On Monday, September 12 the stock rating was initiated by Hovde Group with “Outperform”. The stock of Fulton Financial Corporation (NASDAQ:FULT) earned “Mkt Perform” rating by FBR Capital on Thursday, October 20. The firm has “Buy” rating by Guggenheim given on Thursday, January 21. The firm earned “Hold” rating on Friday, June 9 by Jefferies. Boenning & Scattergood downgraded Fulton Financial Corporation (NASDAQ:FULT) on Thursday, April 21 to “Neutral” rating. The rating was maintained by Keefe Bruyette & Woods with “Hold” on Monday, September 25. On Tuesday, December 6 the stock rating was downgraded by Barclays Capital to “Underweight”.

Among 19 analysts covering Sysco Corporation (NYSE:SYY), 10 have Buy rating, 1 Sell and 8 Hold. Therefore 53% are positive. Sysco Corporation had 47 analyst reports since August 6, 2015 according to SRatingsIntel. RBC Capital Markets maintained Sysco Corporation (NYSE:SYY) rating on Friday, August 11. RBC Capital Markets has “Hold” rating and $5000 target. On Friday, June 23 the stock rating was maintained by J P Morgan Chase Co with “Overweight”. The firm has “Outperform” rating by Credit Suisse given on Monday, February 6. Pivotal Research maintained the stock with “Hold” rating in Friday, August 11 report. The firm earned “Overweight” rating on Tuesday, February 7 by JP Morgan. The company was initiated on Monday, June 20 by Bank of America. The firm has “Sell” rating by Pivotal Research given on Thursday, August 6. As per Tuesday, November 8, the company rating was maintained by Pivotal Research. The rating was maintained by Wells Fargo on Monday, July 17 with “Buy”. The rating was maintained by Goldman Sachs with “Sell” on Tuesday, May 3.

More notable recent Sysco Corporation (NYSE:SYY) news were published by: Seekingalpha.com which released: “Dividend Aristocrats In Focus Part 42: Sysco” on November 17, 2017, also Seekingalpha.com with their article: “Sysco Looks Like A Decent Deal Here” published on November 15, 2017, Streetinsider.com published: “Sysco Corp. (SYY) Reports Strategic Priorities and FY18-FY20 Three-Year Plan …” on December 07, 2017. More interesting news about Sysco Corporation (NYSE:SYY) were released by: Seekingalpha.com and their article: “A Look Into Sysco’s Valuation” published on November 09, 2017 as well as Streetinsider.com‘s news article titled: “Sysco Corp. (SYY): PT To $66 Post Analyst Day – BMO” with publication date: December 08, 2017.

Since June 12, 2017, it had 0 insider buys, and 2 insider sales for $2.53 million activity. 30,000 shares were sold by DeLaney William J III, worth $1.67M on Wednesday, June 14.

Orrstown Financial Services Inc, which manages about $91.39M US Long portfolio, decreased its stake in Vanguard Sm Cap Val Viper (VBR) by 11,134 shares to 12,139 shares, valued at $1.49 million in 2017Q2, according to the filing. It also reduced its holding in Mccormick & Co Inc Com Non Vtg (NYSE:MKC) by 10,046 shares in the quarter, leaving it with 2,011 shares, and cut its stake in Schlumberger Ltd Com (NYSE:SLB).

Investors sentiment increased to 0.87 in Q2 2017. Its up 0.08, from 0.79 in 2017Q1. It improved, as 44 investors sold SYY shares while 351 reduced holdings. 84 funds opened positions while 258 raised stakes. 414.66 million shares or 0.17% more from 413.94 million shares in 2017Q1 were reported. Amer Gp, a New York-based fund reported 159,095 shares. Glenmede Tru Na has invested 0.54% in Sysco Corporation (NYSE:SYY). Supplemental Annuity Collective Of Nj owns 17,029 shares. Moreover, Stonebridge Mgmt Inc has 0.13% invested in Sysco Corporation (NYSE:SYY). 32,064 were accumulated by First Allied Advisory Svcs. Cambridge Advsrs invested in 4,235 shares or 0.09% of the stock. Kentucky Retirement Insur Trust Fund holds 0.12% in Sysco Corporation (NYSE:SYY) or 13,485 shares. Pub Sector Pension Invest Board accumulated 56,138 shares. Alpha Windward Ltd Liability Corp owns 3,990 shares. Tctc Ltd Limited Liability Company, a Texas-based fund reported 23,564 shares. Tompkins Fin holds 0.04% or 3,383 shares. Ims Cap Mngmt holds 6,112 shares. Boston Lc invested 0.5% in Sysco Corporation (NYSE:SYY). Clinton Grp Incorporated Inc invested 0.3% in Sysco Corporation (NYSE:SYY). Sva Plumb Wealth Mngmt Limited Co, Wisconsin-based fund reported 56,252 shares.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.




Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: