S Muoio & Company Cut Its Weatherford Intl Plc (WFT) Stake by $900,000; Smith Salley & Associates Decreased Stake in Norfolk Southern (NSC) by $1.66 Million

December 7, 2017 - By Michael Collier

Smith Salley & Associates decreased its stake in Norfolk Southern Corp (NSC) by 58.98% based on its latest 2017Q2 regulatory filing with the SEC. Smith Salley & Associates sold 13,735 shares as the company’s stock declined 7.75% while stock markets rallied. The institutional investor held 9,554 shares of the railroads company at the end of 2017Q2, valued at $1.16 million, down from 23,289 at the end of the previous reported quarter. Smith Salley & Associates who had been investing in Norfolk Southern Corp for a number of months, seems to be less bullish one the $39.70 billion market cap company. The stock decreased 0.08% or $0.11 during the last trading session, reaching $138.73. About 1.22M shares traded. Norfolk Southern Corporation (NYSE:NSC) has risen 34.32% since December 7, 2016 and is uptrending. It has outperformed by 17.62% the S&P500.

S Muoio & Company decreased its stake in Weatherford Intl Plc (WFT) by 83.33% based on its latest 2017Q2 regulatory filing with the SEC. S Muoio & Company sold 300,000 shares as the company’s stock declined 8.25% while stock markets rallied. The institutional investor held 60,000 shares of the metal fabrications company at the end of 2017Q2, valued at $232,000, down from 360,000 at the end of the previous reported quarter. S Muoio & Company who had been investing in Weatherford Intl Plc for a number of months, seems to be less bullish one the $3.32 billion market cap company. The stock decreased 2.91% or $0.1 during the last trading session, reaching $3.34. About 18.88M shares traded. Weatherford International plc (NYSE:WFT) has risen 2.15% since December 7, 2016 and is uptrending. It has underperformed by 14.55% the S&P500.




More news for Weatherford International plc (NYSE:WFT) were recently published by: Zacks.com, which released: “Options Traders Expect Huge Moves in Weatherford International (WFT) Stock …” on November 22, 2017. Bizjournals.com‘s article titled: “DOJ clears Weatherford and Schlumberger’s joint venture deal” and published on November 29, 2017 is yet another important article.

Investors sentiment decreased to 1.11 in 2017 Q2. Its down 0.63, from 1.74 in 2017Q1. It dropped, as 59 investors sold WFT shares while 88 reduced holdings. 57 funds opened positions while 106 raised stakes. 1.09 billion shares or 1.61% more from 1.07 billion shares in 2017Q1 were reported. Ngam Advsrs LP stated it has 2.34M shares. 10,000 are owned by Capital Advisors Ok. Sumitomo Mitsui Asset Com Ltd accumulated 15,982 shares or 0% of the stock. Capstone Asset Mngmt Co holds 15,430 shares. Raymond James Svcs Advsrs owns 112,519 shares. Morgan Stanley stated it has 0.01% in Weatherford International plc (NYSE:WFT). Washington Trust Savings Bank stated it has 0% in Weatherford International plc (NYSE:WFT). Wells Fargo And Mn holds 0.02% or 18.64 million shares. Dodge & Cox has 0.27% invested in Weatherford International plc (NYSE:WFT). Manufacturers Life Insur The has invested 0% in Weatherford International plc (NYSE:WFT). Pathstone Family Office Ltd Company reported 2,000 shares stake. Mitsubishi Ufj And holds 1.83 million shares. 44,700 are owned by Pacad Limited. Boothbay Fund Mgmt Lc invested in 0.01% or 10,000 shares. Gru One Trading LP owns 557,479 shares.

Analysts await Weatherford International plc (NYSE:WFT) to report earnings on February, 7. They expect $-0.20 EPS, up 37.50% or $0.12 from last year’s $-0.32 per share. After $-0.22 actual EPS reported by Weatherford International plc for the previous quarter, Wall Street now forecasts -9.09% EPS growth.

Among 31 analysts covering Weatherford International Ltd. (NYSE:WFT), 24 have Buy rating, 1 Sell and 6 Hold. Therefore 77% are positive. Weatherford International Ltd. had 99 analyst reports since July 24, 2015 according to SRatingsIntel. The stock has “Buy” rating by Seaport Global on Friday, May 6. RBC Capital Markets maintained Weatherford International plc (NYSE:WFT) rating on Friday, September 1. RBC Capital Markets has “Buy” rating and $6.0 target. The stock has “Equal-Weight” rating by Stephens on Thursday, December 3. Jefferies maintained Weatherford International plc (NYSE:WFT) rating on Thursday, November 2. Jefferies has “Hold” rating and $4.25 target. The rating was downgraded by Citigroup to “Hold” on Monday, November 6. The rating was upgraded by Wells Fargo to “Outperform” on Monday, March 27. Morgan Stanley maintained the shares of WFT in report on Monday, August 7 with “Overweight” rating. Cowen & Co maintained Weatherford International plc (NYSE:WFT) on Friday, February 5 with “Outperform” rating. Jefferies maintained the stock with “Hold” rating in Thursday, October 5 report. Goldman Sachs upgraded the stock to “Buy” rating in Friday, March 11 report.

S Muoio & Company, which manages about $129.83 million and $208.61M US Long portfolio, upped its stake in Nxp Semiconductors Nv (NASDAQ:NXPI) by 5,000 shares to 16,200 shares, valued at $1.77 million in 2017Q2, according to the filing. It also increased its holding in A/New by 49,000 shares in the quarter, for a total of 194,282 shares, and has risen its stake in Destination Maternity Corporation (NASDAQ:DEST).

More notable recent Norfolk Southern Corporation (NYSE:NSC) news were published by: Nasdaq.com which released: “Zacks Industry Outlook Highlights: Union Pacific, Norfolk Southern, Kansas …” on December 05, 2017, also Nasdaq.com with their article: “Norfolk Southern Reaches Analyst Target Price” published on November 29, 2017, Livetradingnews.com published: “Norfolk Southern Corp (NYSE:NSC) Technicals Take Profits” on December 01, 2017. More interesting news about Norfolk Southern Corporation (NYSE:NSC) were released by: Prnewswire.com and their article: “Norfolk Southern announces pricing of previously announced exchange offers …” published on November 14, 2017 as well as Prnewswire.com‘s news article titled: “Free Research Reports on These Railroads Stocks — Norfolk Southern, Trinity …” with publication date: November 30, 2017.

Smith Salley & Associates, which manages about $331.94 million and $497.44 million US Long portfolio, upped its stake in Select Sector Spdr Tr (XLI) by 4,565 shares to 26,328 shares, valued at $1.79 million in 2017Q2, according to the filing. It also increased its holding in Tanger Factory Outlet Ctrs I (NYSE:SKT) by 84,775 shares in the quarter, for a total of 151,302 shares, and has risen its stake in Vodafone Group Plc New (NASDAQ:VOD).

Investors sentiment increased to 0.87 in Q2 2017. Its up 0.11, from 0.76 in 2017Q1. It improved, as 43 investors sold NSC shares while 347 reduced holdings. 80 funds opened positions while 258 raised stakes. 199.13 million shares or 0.41% less from 199.95 million shares in 2017Q1 were reported. Jolley Asset Limited owns 1,500 shares. Massmutual Tru Fsb Adv has invested 0% in Norfolk Southern Corporation (NYSE:NSC). Comm Retail Bank owns 51,237 shares. Vantage Inv Advsrs Ltd Limited Liability Company has 2,333 shares for 0.08% of their portfolio. Security Natl Tru owns 6,273 shares or 0.26% of their US portfolio. The Texas-based Cadence Comml Bank Na has invested 1.01% in Norfolk Southern Corporation (NYSE:NSC). Moon Capital Mgmt Ltd Liability has invested 0% in Norfolk Southern Corporation (NYSE:NSC). Guyasuta Advisors Inc invested in 0.03% or 1,800 shares. 6,284 are held by Carnegie Capital Asset Mngmt Limited Liability Company. Seaward Mgmt Partnership reported 0.04% stake. Garrison Bradford And Associate reported 0.26% in Norfolk Southern Corporation (NYSE:NSC). Liberty Mutual Asset reported 0.09% in Norfolk Southern Corporation (NYSE:NSC). Exxonmobil Incorporated Tx, Texas-based fund reported 55,638 shares. Pettyjohn Wood And White reported 1.54% stake. Checchi Capital Advisers Limited Liability Corporation has 2,787 shares.

Among 28 analysts covering Norfolk Southern Corp. (NYSE:NSC), 5 have Buy rating, 6 Sell and 17 Hold. Therefore 18% are positive. Norfolk Southern Corp. had 82 analyst reports since July 28, 2015 according to SRatingsIntel. TD Securities maintained the stock with “Hold” rating in Friday, April 28 report. Wolfe Research upgraded Norfolk Southern Corporation (NYSE:NSC) on Monday, August 7 to “Buy” rating. The stock of Norfolk Southern Corporation (NYSE:NSC) has “Sector Perform” rating given on Thursday, July 6 by Scotia Capital. As per Thursday, July 13, the company rating was maintained by Credit Suisse. BMO Capital Markets maintained Norfolk Southern Corporation (NYSE:NSC) rating on Thursday, June 1. BMO Capital Markets has “Hold” rating and $12700 target. The rating was downgraded by Wells Fargo on Monday, October 16 to “Market Perform”. On Friday, September 11 the stock rating was upgraded by Bank of America to “Buy”. The firm has “Hold” rating given on Wednesday, July 26 by Oppenheimer. Stifel Nicolaus maintained Norfolk Southern Corporation (NYSE:NSC) on Monday, July 24 with “Hold” rating. The stock has “Neutral” rating by JP Morgan on Monday, April 25.

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