Sather Financial Group Has Lifted American Express Co (AXP) Position by $319,200 as Share Value Declined; Prudential Financial Has Decreased Its Tenneco (TEN) Position by $2.79 Million; Stock Price Declined

December 8, 2017 - By Vivian Park

Prudential Financial Inc decreased its stake in Tenneco Inc (TEN) by 17.29% based on its latest 2017Q2 regulatory filing with the SEC. Prudential Financial Inc sold 48,970 shares as the company’s stock declined 16.10% while stock markets rallied. The institutional investor held 234,229 shares of the o.e.m. company at the end of 2017Q2, valued at $13.55 million, down from 283,199 at the end of the previous reported quarter. Prudential Financial Inc who had been investing in Tenneco Inc for a number of months, seems to be less bullish one the $2.93B market cap company. The stock increased 0.78% or $0.44 during the last trading session, reaching $56.85. About 380,441 shares traded. Tenneco Inc. (NYSE:TEN) has risen 7.45% since December 8, 2016 and is uptrending. It has underperformed by 9.25% the S&P500.

Sather Financial Group Inc increased its stake in American Express Co (AXP) by 5.25% based on its latest 2017Q2 regulatory filing with the SEC. Sather Financial Group Inc bought 3,800 shares as the company’s stock declined 3.65% while stock markets rallied. The institutional investor held 76,244 shares of the consumer services company at the end of 2017Q2, valued at $6.42 million, up from 72,444 at the end of the previous reported quarter. Sather Financial Group Inc who had been investing in American Express Co for a number of months, seems to be bullish on the $85.57B market cap company. The stock increased 0.38% or $0.37 during the last trading session, reaching $98.58. About 3.03M shares traded. American Express Company (NYSE:AXP) has risen 22.41% since December 8, 2016 and is uptrending. It has outperformed by 5.71% the S&P500.

Among 34 analysts covering American Express Company (NYSE:AXP), 10 have Buy rating, 4 Sell and 20 Hold. Therefore 29% are positive. American Express Company has $106 highest and $54 lowest target. $85.40’s average target is -13.37% below currents $98.58 stock price. American Express Company had 86 analyst reports since July 23, 2015 according to SRatingsIntel. Morgan Stanley maintained the stock with “Equal-Weight” rating in Thursday, October 19 report. The firm has “Neutral” rating by Piper Jaffray given on Wednesday, November 25. Goldman Sachs maintained it with “Neutral” rating and $62 target in Thursday, April 21 report. The firm has “Outperform” rating given on Tuesday, January 10 by Oppenheimer. BMO Capital Markets maintained the stock with “Hold” rating in Thursday, June 1 report. Keefe Bruyette & Woods upgraded the stock to “Outperform” rating in Monday, January 30 report. The company was maintained on Tuesday, October 13 by Barclays Capital. The stock of American Express Company (NYSE:AXP) has “Hold” rating given on Monday, September 18 by Jefferies. The firm has “Buy” rating given on Monday, January 9 by Bank of America. The stock of American Express Company (NYSE:AXP) has “Equal-Weight” rating given on Friday, September 8 by Morgan Stanley.

Investors sentiment increased to 0.82 in 2017 Q2. Its up 0.04, from 0.78 in 2017Q1. It increased, as 55 investors sold AXP shares while 443 reduced holdings. 104 funds opened positions while 306 raised stakes. 715.61 million shares or 0.88% less from 722.00 million shares in 2017Q1 were reported. Advisory Service Ntwk Limited Liability Corp, a Georgia-based fund reported 5,635 shares. Farmers Merchants Invests reported 0% stake. Glenmede Na holds 0.18% or 475,699 shares in its portfolio. New York-based Grandfield Dodd Ltd Co has invested 0.3% in American Express Company (NYSE:AXP). Sit Invest Associate owns 60 shares for 0% of their portfolio. 15,685 were reported by Godshalk Welsh Cap Mgmt. Chicago Equity Prns Llc accumulated 14,880 shares. Guggenheim Cap Limited Liability Company, a Illinois-based fund reported 499,412 shares. Artisan Ptnrs Ltd Partnership invested in 5.06M shares or 0.8% of the stock. 3,800 are owned by Westwood Mngmt Il. Marathon Asset Mngmt Llp has invested 1.37% in American Express Company (NYSE:AXP). Seaward Mngmt Partnership reported 60,221 shares stake. Northwestern Mutual Wealth Management holds 0.03% in American Express Company (NYSE:AXP) or 37,147 shares. 80,203 are held by Neville Rodie & Shaw Incorporated. Pdts Prns Ltd Limited Liability Company reported 289,198 shares.

More notable recent American Express Company (NYSE:AXP) news were published by: Nasdaq.com which released: “Why Is American Express (AXP) Up 1.8% Since the Last Earnings Report?” on November 20, 2017, also Seekingalpha.com with their article: “AmEx’s Chenault holds court at last investor conference” published on December 05, 2017, Fool.com published: “Better Buy: American Express Company vs. Square” on November 27, 2017. More interesting news about American Express Company (NYSE:AXP) were released by: Fool.com and their article: “Better Buy: American Express Company vs. Mastercard” published on November 24, 2017 as well as Prnewswire.com‘s news article titled: “Marriott International Signs New Co-Brand Credit Card Agreements with JPMorgan …” with publication date: December 05, 2017.

Prudential Financial Inc, which manages about $67.22 billion US Long portfolio, upped its stake in Csx Corp (NYSE:CSX) by 3.09 million shares to 4.41 million shares, valued at $240.75 million in 2017Q2, according to the filing. It also increased its holding in United Cmnty Bks Blairsvle G (NASDAQ:UCBI) by 88,690 shares in the quarter, for a total of 422,742 shares, and has risen its stake in Pnm Res Inc (NYSE:PNM).

Analysts await Tenneco Inc. (NYSE:TEN) to report earnings on February, 6. They expect $1.64 EPS, down 1.80% or $0.03 from last year’s $1.67 per share. TEN’s profit will be $84.61 million for 8.67 P/E if the $1.64 EPS becomes a reality. After $1.67 actual EPS reported by Tenneco Inc. for the previous quarter, Wall Street now forecasts -1.80% negative EPS growth.

Investors sentiment decreased to 0.97 in Q2 2017. Its down 0.06, from 1.03 in 2017Q1. It worsened, as 42 investors sold TEN shares while 87 reduced holdings. 32 funds opened positions while 93 raised stakes. 50.49 million shares or 1.27% less from 51.14 million shares in 2017Q1 were reported. Bailard Incorporated owns 0.27% invested in Tenneco Inc. (NYSE:TEN) for 57,900 shares. Salem Investment Counselors has 0% invested in Tenneco Inc. (NYSE:TEN) for 7 shares. Dimensional Fund Limited Partnership holds 1.28 million shares or 0.03% of its portfolio. Ubs Asset Mngmt Americas Incorporated reported 624,814 shares or 0% of all its holdings. Cubist Systematic Strategies Ltd stated it has 24,180 shares. Nj State Employees Deferred Compensation Plan has invested 0.11% in Tenneco Inc. (NYSE:TEN). Guggenheim Capital Ltd Com owns 32,117 shares. Great West Life Assurance Com Can invested in 5,704 shares or 0% of the stock. Clearbridge Investments Ltd Llc has 0% invested in Tenneco Inc. (NYSE:TEN) for 6,500 shares. Moreover, Cambridge Invest Advsr has 0% invested in Tenneco Inc. (NYSE:TEN). Creative Planning holds 0% of its portfolio in Tenneco Inc. (NYSE:TEN) for 2,008 shares. Moreover, Cooke And Bieler LP has 0.68% invested in Tenneco Inc. (NYSE:TEN) for 613,569 shares. Td Capital Mngmt Ltd Liability Co invested in 100 shares or 0% of the stock. Pillar Pacific Cap Management Llc holds 0.05% or 5,900 shares. Elk Creek Ltd Limited Liability Company accumulated 0.26% or 70,468 shares.

More news for Tenneco Inc. (NYSE:TEN) were recently published by: Nasdaq.com, which released: “Dean Investment Associates, Llc Buys Tenneco Inc, Travelport Worldwide, SRC …” on November 17, 2017. Nasdaq.com‘s article titled: “Ex-Dividend Reminder: Orange, Nike and Tenneco” and published on November 29, 2017 is yet another important article.

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