Banco Bilbao V.A. Adr (BBVA) Position Has Increased by Heathbridge Capital Management Ltd; Diageo Plc (Adr) (DEO) Holder Schafer Cullen Capital Management Trimmed Position by $24.41 Million

August 15, 2017 - By Linda Rogers

Heathbridge Capital Management Ltd increased its stake in Banco Bilbao V.A. Adr (BBVA) by 35.75% based on its latest 2016Q4 regulatory filing with the SEC. Heathbridge Capital Management Ltd bought 892,600 shares as the company’s stock rose 24.59% with the market. The institutional investor held 3.39 million shares of the commercial banks company at the end of 2016Q4, valued at $22.95M, up from 2.50 million at the end of the previous reported quarter. Heathbridge Capital Management Ltd who had been investing in Banco Bilbao V.A. Adr for a number of months, seems to be bullish on the $60.08B market cap company. The stock increased 0.62% or $0.05 during the last trading session, reaching $8.99. About 2.49 million shares traded. Banco Bilbao Vizcaya Argentaria SA (ADR) (NYSE:BBVA) has risen 32.54% since August 15, 2016 and is uptrending. It has outperformed by 15.84% the S&P500.

Schafer Cullen Capital Management Inc decreased its stake in Diageo Plc (Adr) (DEO) by 15.99% based on its latest 2016Q4 regulatory filing with the SEC. Schafer Cullen Capital Management Inc sold 236,964 shares as the company’s stock rose 5.26% with the market. The hedge fund held 1.25M shares of the beverages (production and distribution) company at the end of 2016Q4, valued at $129.41M, down from 1.48M at the end of the previous reported quarter. Schafer Cullen Capital Management Inc who had been investing in Diageo Plc (Adr) for a number of months, seems to be less bullish one the $82.44B market cap company. The stock increased 0.66% or $0.86 during the last trading session, reaching $131.36. About 290,040 shares traded. Diageo plc (ADR) (NYSE:DEO) has risen 12.82% since August 15, 2016 and is uptrending. It has underperformed by 3.88% the S&P500.

Among 24 analysts covering Diageo (NYSE:DEO), 16 have Buy rating, 3 Sell and 5 Hold. Therefore 67% are positive. Diageo had 35 analyst reports since July 31, 2015 according to SRatingsIntel. Kepler Cheuvreux maintained the stock with “Hold” rating in Friday, July 31 report. The rating was initiated by Macquarie Research on Monday, November 28 with “Underperform”. The rating was upgraded by Societe Generale on Monday, June 26 to “Buy”. The company was downgraded on Tuesday, January 12 by Stifel Nicolaus. Jefferies maintained the stock with “Buy” rating in Monday, April 24 report. The firm has “Hold” rating by Shore Capital given on Wednesday, September 23. As per Friday, July 31, the company rating was maintained by Barclays Capital. Jefferies maintained the stock with “Buy” rating in Monday, June 19 report. The rating was maintained by Natixis with “Buy” on Thursday, September 24. As per Thursday, October 1, the company rating was upgraded by UBS.

Schafer Cullen Capital Management Inc, which manages about $10.62B and $7.38B US Long portfolio, upped its stake in Opap Sa (GRKZF) by 75,239 shares to 286,274 shares, valued at $2.53 million in 2016Q4, according to the filing. It also increased its holding in Novartis Ag (Adr) (NYSE:NVS) by 922,623 shares in the quarter, for a total of 2.34M shares, and has risen its stake in Mmc Norilsk Nickel Pjsc (Adr).

Heathbridge Capital Management Ltd, which manages about $423.66 million US Long portfolio, decreased its stake in Automatic Data Processing Inc. (NASDAQ:ADP) by 3,800 shares to 261,950 shares, valued at $26.92M in 2016Q4, according to the filing. It also reduced its holding in Toronto Dominion Bank (NYSE:TD) by 6,900 shares in the quarter, leaving it with 475,550 shares, and cut its stake in Cisco Systems Inc. (NASDAQ:CSCO).

Among 8 analysts covering Banco Bilbao Vizcaya Argentaria (NYSE:BBVA), 2 have Buy rating, 4 Sell and 2 Hold. Therefore 25% are positive. Banco Bilbao Vizcaya Argentaria had 9 analyst reports since December 2, 2015 according to SRatingsIntel. The firm earned “Sell” rating on Friday, February 24 by Societe Generale. As per Tuesday, September 6, the company rating was upgraded by Barclays Capital. UBS initiated Banco Bilbao Vizcaya Argentaria SA (ADR) (NYSE:BBVA) on Monday, March 7 with “Sell” rating. As per Wednesday, December 2, the company rating was downgraded by Bank of America. JP Morgan upgraded the shares of BBVA in report on Wednesday, February 15 to “Overweight” rating. The rating was downgraded by Citigroup to “Sell” on Thursday, November 10. Jefferies initiated the stock with “Buy” rating in Friday, September 23 report. The rating was downgraded by Jefferies on Wednesday, November 9 to “Hold”. The rating was upgraded by RBC Capital Markets to “Outperform” on Wednesday, October 19.

More notable recent Banco Bilbao Vizcaya Argentaria SA (ADR) (NYSE:BBVA) news were published by: Nasdaq.com which released: “Validea David Dreman Strategy Daily Upgrade Report - 8/11/2017” on August 11, 2017, also Marketwatch.com with their article: “BBVA profit rises, beating views” published on April 27, 2017, Livetradingnews.com published: “Banco Bilbao Vizcaya Argentaria SA (ADR)(NYSE:BBVA) Heffx Trading Outlook” on September 19, 2016. More interesting news about Banco Bilbao Vizcaya Argentaria SA (ADR) (NYSE:BBVA) were released by: Marketwatch.com and their article: “8.96” published on July 28, 2009 as well as Quotes.Wsj.com‘s news article titled: “Banco Bilbao Vizcaya Argentaria SA ADR” with publication date: February 12, 2011.

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