Benjamin F Edwards & Company Trimmed Us Bancorp Del (Put) (USB) Stake by $1.22 Million; Wendell David Associates Position in Estee Lauder (EL) Has Boosted as Market Valuation Rose

December 8, 2017 - By Winifred Garcia

Benjamin F Edwards & Company Inc decreased its stake in Us Bancorp Del (Put) (USB) by 97.91% based on its latest 2017Q2 regulatory filing with the SEC. Benjamin F Edwards & Company Inc sold 23,466 shares as the company’s stock declined 6.89% while stock markets rallied. The institutional investor held 500 shares of the major banks company at the end of 2017Q2, valued at $26,000, down from 23,966 at the end of the previous reported quarter. Benjamin F Edwards & Company Inc who had been investing in Us Bancorp Del (Put) for a number of months, seems to be less bullish one the $91.11B market cap company. The stock increased 0.57% or $0.31 during the last trading session, reaching $54.9. About 4.40M shares traded. U.S. Bancorp (NYSE:USB) has risen 23.07% since December 8, 2016 and is uptrending. It has outperformed by 6.37% the S&P500.

Wendell David Associates Inc increased its stake in Estee Lauder (EL) by 26.15% based on its latest 2017Q2 regulatory filing with the SEC. Wendell David Associates Inc bought 4,955 shares as the company’s stock rose 8.67% with the market. The institutional investor held 23,903 shares of the consumer non-durables company at the end of 2017Q2, valued at $2.29 million, up from 18,948 at the end of the previous reported quarter. Wendell David Associates Inc who had been investing in Estee Lauder for a number of months, seems to be bullish on the $46.10 billion market cap company. The stock increased 0.57% or $0.71 during the last trading session, reaching $125.18. About 1.64 million shares traded. The Estée Lauder Companies Inc. (NYSE:EL) has risen 1.49% since December 8, 2016 and is uptrending. It has underperformed by 15.21% the S&P500.

Investors sentiment decreased to 0.9 in Q2 2017. Its down 0.01, from 0.91 in 2017Q1. It dived, as 48 investors sold USB shares while 458 reduced holdings. 93 funds opened positions while 362 raised stakes. 1.21 billion shares or 2.75% less from 1.24 billion shares in 2017Q1 were reported. Garde Cap accumulated 4,831 shares. Madrona Financial Svcs Ltd Liability Corp owns 9,836 shares. Ahl Prns Llp has invested 0.05% in U.S. Bancorp (NYSE:USB). Yorktown Rech reported 0.08% stake. Weiss Multi owns 5,999 shares. Lmr Limited Liability Partnership owns 77,774 shares for 0.25% of their portfolio. The Illinois-based Busey Co has invested 1.05% in U.S. Bancorp (NYSE:USB). Eaton Vance invested in 5.17 million shares or 0.71% of the stock. Oregon Pub Employees Retirement Fund has 167,384 shares. Tiedemann Wealth Mgmt Lc holds 0.21% or 56,745 shares. Rhumbline Advisers invested 0.34% of its portfolio in U.S. Bancorp (NYSE:USB). Nj State Employees Deferred Compensation Plan has 80,000 shares. Moreover, Hikari Pwr Limited has 0.79% invested in U.S. Bancorp (NYSE:USB). Stifel Financial Corp accumulated 1.94 million shares or 0.37% of the stock. Trustmark Commercial Bank Trust Department, Mississippi-based fund reported 10,015 shares.

Benjamin F Edwards & Company Inc, which manages about $3.12B and $765.85M US Long portfolio, upped its stake in Splunk Inc (NASDAQ:SPLK) by 6,570 shares to 17,820 shares, valued at $1.01 million in 2017Q2, according to the filing. It also increased its holding in Jpmorgan Chase & Co (NYSE:JPM) by 3,451 shares in the quarter, for a total of 23,788 shares, and has risen its stake in Select Sector Spdr Tr (XLF).

Analysts await U.S. Bancorp (NYSE:USB) to report earnings on January, 17. They expect $0.88 earnings per share, up 7.32% or $0.06 from last year’s $0.82 per share. USB’s profit will be $1.46 billion for 15.60 P/E if the $0.88 EPS becomes a reality. After $0.88 actual earnings per share reported by U.S. Bancorp for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

More notable recent U.S. Bancorp (NYSE:USB) news were published by: Nasdaq.com which released: “Why Is US Bancorp (USB) Down 2.6% Since the Last Earnings Report?” on November 20, 2017, also Businesswire.com with their article: “US Bancorp Announces Fourth Quarter Earnings Conference Call Details” published on December 07, 2017, Businesswire.com published: “US Bancorp to Speak at the Goldman Sachs US Financial Services Conference” on November 07, 2017. More interesting news about U.S. Bancorp (NYSE:USB) were released by: Startribune.com and their article: “US Bancorp further greens the business” published on November 08, 2017 as well as Forbes.com‘s news article titled: “Wells Fargo, US Bancorp See Rare Growth In Mortgage Servicing Portfolios” with publication date: November 28, 2017.

Among 29 analysts covering U.S. Bancorp (NYSE:USB), 7 have Buy rating, 2 Sell and 20 Hold. Therefore 24% are positive. U.S. Bancorp has $60 highest and $19.0 lowest target. $52.76’s average target is -3.90% below currents $54.9 stock price. U.S. Bancorp had 72 analyst reports since August 6, 2015 according to SRatingsIntel. The stock of U.S. Bancorp (NYSE:USB) earned “Hold” rating by Keefe Bruyette & Woods on Tuesday, June 13. The firm earned “Hold” rating on Thursday, April 20 by Rafferty. The rating was maintained by Keefe Bruyette & Woods on Friday, August 11 with “Hold”. The firm has “Hold” rating given on Wednesday, August 12 by Deutsche Bank. The firm has “Neutral” rating given on Wednesday, December 21 by Atlantic Securities. Nomura downgraded U.S. Bancorp (NYSE:USB) on Thursday, September 28 to “Hold” rating. JP Morgan maintained it with “Neutral” rating and $50 target in Wednesday, November 1 report. The firm earned “Hold” rating on Friday, October 6 by Robert W. Baird. The stock has “Buy” rating by Jefferies on Friday, September 15. Societe Generale initiated the shares of USB in report on Tuesday, March 22 with “Buy” rating.

Among 30 analysts covering Estee Lauder (NYSE:EL), 23 have Buy rating, 1 Sell and 6 Hold. Therefore 77% are positive. Estee Lauder has $142 highest and $72 lowest target. $112.85’s average target is -9.85% below currents $125.18 stock price. Estee Lauder had 84 analyst reports since July 21, 2015 according to SRatingsIntel. Piper Jaffray reinitiated The Estée Lauder Companies Inc. (NYSE:EL) on Monday, May 1 with “Overweight” rating. Goldman Sachs downgraded The Estée Lauder Companies Inc. (NYSE:EL) on Wednesday, March 16 to “Neutral” rating. Stifel Nicolaus maintained the shares of EL in report on Monday, October 24 with “Buy” rating. The firm earned “Outperform” rating on Tuesday, August 18 by Telsey Advisory Group. The stock of The Estée Lauder Companies Inc. (NYSE:EL) earned “Neutral” rating by UBS on Wednesday, January 11. As per Tuesday, November 3, the company rating was maintained by UBS. KeyBanc Capital Markets maintained the stock with “Buy” rating in Thursday, November 2 report. The firm earned “Buy” rating on Tuesday, November 3 by Stifel Nicolaus. Argus Research upgraded the stock to “Buy” rating in Tuesday, August 22 report. On Monday, August 22 the stock rating was maintained by Citigroup with “Neutral”.

Wendell David Associates Inc, which manages about $664.31 million and $530.75 million US Long portfolio, decreased its stake in Idexx Labs (NASDAQ:IDXX) by 3,475 shares to 37,516 shares, valued at $6.06M in 2017Q2, according to the filing. It also reduced its holding in Mastercard (NYSE:MA) by 3,485 shares in the quarter, leaving it with 178,392 shares, and cut its stake in Nike ‘B’ (NYSE:NKE).

Investors sentiment increased to 1.21 in Q2 2017. Its up 0.19, from 1.02 in 2017Q1. It improved, as 48 investors sold EL shares while 192 reduced holdings. 83 funds opened positions while 207 raised stakes. 194.59 million shares or 0.86% more from 192.93 million shares in 2017Q1 were reported. Fil Limited stated it has 516,516 shares. Mu invested in 3.97% or 58,000 shares. Princeton Portfolio Strategies Ltd Com stated it has 6,560 shares. Underhill Invest Management Ltd stated it has 6.65% in The Estée Lauder Companies Inc. (NYSE:EL). Moreover, Motco has 0% invested in The Estée Lauder Companies Inc. (NYSE:EL) for 202 shares. Gam Ag reported 296,040 shares. Daiwa Gru, a Japan-based fund reported 41,436 shares. Vision, a Oregon-based fund reported 52,733 shares. Pictet And Cie (Europe) Sa reported 68,141 shares stake. Sirios Cap Mngmt LP stated it has 0.97% of its portfolio in The Estée Lauder Companies Inc. (NYSE:EL). Braun Stacey Associate Inc reported 3,715 shares. California-based Wells Fargo Mn has invested 0.07% in The Estée Lauder Companies Inc. (NYSE:EL). Moreover, Northern Tru has 0.1% invested in The Estée Lauder Companies Inc. (NYSE:EL) for 3.73 million shares. Janney Montgomery Scott Ltd Liability invested 0.03% in The Estée Lauder Companies Inc. (NYSE:EL). Gemmer Asset Lc, California-based fund reported 175 shares.

Since June 8, 2017, it had 0 insider purchases, and 1 insider sale for $2.67 million activity. 9,312 shares were sold by BRAVO ROSE MARIE, worth $892,928.

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