Blackhill Capital Increases Stake in Merck & Co New Com (MRK); Jaffetilchin Investment Partners Position in Citigroup (C) Trimmed as Stock Declined

May 18, 2018 - By Clifton Ray

Citigroup Inc. (NYSE:C) Logo

Blackhill Capital Inc increased its stake in Merck & Co Inc New Com (MRK) by 24.34% based on its latest 2017Q4 regulatory filing with the SEC. Blackhill Capital Inc bought 38,800 shares as the company’s stock declined 4.63% with the market. The institutional investor held 198,200 shares of the health care company at the end of 2017Q4, valued at $11.15M, up from 159,400 at the end of the previous reported quarter. Blackhill Capital Inc who had been investing in Merck & Co Inc New Com for a number of months, seems to be bullish on the $159.29 billion market cap company. The stock increased 0.24% or $0.14 during the last trading session, reaching $59.21. About 4.04 million shares traded. Merck & Co., Inc. (NYSE:MRK) has declined 14.94% since May 18, 2017 and is downtrending. It has underperformed by 26.49% the S&P500.




Jaffetilchin Investment Partners Llc decreased its stake in Citigroup Inc (C) by 59.28% based on its latest 2017Q4 regulatory filing with the SEC. Jaffetilchin Investment Partners Llc sold 9,570 shares as the company’s stock declined 9.55% with the market. The institutional investor held 6,573 shares of the major banks company at the end of 2017Q4, valued at $489,000, down from 16,143 at the end of the previous reported quarter. Jaffetilchin Investment Partners Llc who had been investing in Citigroup Inc for a number of months, seems to be less bullish one the $180.00B market cap company. The stock decreased 1.36% or $0.9699 during the last trading session, reaching $70.5901. About 4.49M shares traded. Citigroup Inc. (NYSE:C) has risen 17.06% since May 18, 2017 and is uptrending. It has outperformed by 5.51% the S&P500.

Analysts await Citigroup Inc. (NYSE:C) to report earnings on July, 13. They expect $1.57 EPS, up 23.62% or $0.30 from last year’s $1.27 per share. C’s profit will be $4.00B for 11.24 P/E if the $1.57 EPS becomes a reality. After $1.68 actual EPS reported by Citigroup Inc. for the previous quarter, Wall Street now forecasts -6.55% negative EPS growth.

Jaffetilchin Investment Partners Llc, which manages about $401.38M and $300.42M US Long portfolio, upped its stake in Thor Inds Inc (NYSE:THO) by 4,012 shares to 12,905 shares, valued at $1.95M in 2017Q4, according to the filing. It also increased its holding in Pulte Group Inc (NYSE:PHM) by 13,611 shares in the quarter, for a total of 33,985 shares, and has risen its stake in Abbvie Inc (NYSE:ABBV).

Since February 27, 2018, it had 0 insider buys, and 6 sales for $4.97 million activity. $2.51M worth of stock was sold by Fraser Jane Nind on Tuesday, February 27. Hu W. Bradford also sold $611,804 worth of Citigroup Inc. (NYSE:C) shares. 3,400 shares were sold by MURRAY JOSEPH MICHAEL, worth $263,126 on Tuesday, February 27. 7,000 shares were sold by Callahan Don, worth $536,410 on Wednesday, February 28. Gerspach John C also sold $542,920 worth of Citigroup Inc. (NYSE:C) shares.

Investors sentiment decreased to 1.07 in Q4 2017. Its down 0.28, from 1.35 in 2017Q3. It worsened, as 58 investors sold C shares while 480 reduced holdings. 123 funds opened positions while 450 raised stakes. 1.99 billion shares or 2.45% less from 2.04 billion shares in 2017Q3 were reported. Armstrong Shaw Associates Ct invested in 44,222 shares. Boyar Asset Mngmt accumulated 1.7% or 32,147 shares. Vantage Partners Llc has 20,318 shares for 1.37% of their portfolio. Diamond Hill Capital Mngmt owns 3.18% invested in Citigroup Inc. (NYSE:C) for 8.52 million shares. Accredited Investors holds 4,679 shares. Moreover, Veritable Limited Partnership has 0.12% invested in Citigroup Inc. (NYSE:C) for 78,412 shares. 202,145 were accumulated by Whittier. Fdx Advsr Incorporated accumulated 0.13% or 64,831 shares. Sigma Planning Corporation invested in 0.12% or 20,688 shares. Philadelphia stated it has 2.63% of its portfolio in Citigroup Inc. (NYSE:C). 12,550 are owned by Daiwa Sb Invests Limited. Covington Capital Mngmt accumulated 196,236 shares. Pictet Asset Mgmt Limited owns 1.97 million shares. Lombard Odier Asset Mgmt (Europe) Ltd invested in 30,056 shares. Crow Point Prtn Ltd Liability Company owns 8,229 shares.

Among 40 analysts covering Citigroup Inc. (NYSE:C), 23 have Buy rating, 2 Sell and 15 Hold. Therefore 58% are positive. Citigroup Inc. had 125 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Buy” rating by Citigroup given on Friday, December 11. The firm has “Hold” rating by Keefe Bruyette & Woods given on Tuesday, January 16. The company was maintained on Friday, October 13 by Morgan Stanley. Renaissance Macro Securities LLC maintained the shares of C in report on Sunday, July 16 with “Buy” rating. RBC Capital Markets maintained Citigroup Inc. (NYSE:C) on Friday, October 13 with “Outperform” rating. The rating was maintained by Oppenheimer on Tuesday, October 6 with “Outperform”. The stock of Citigroup Inc. (NYSE:C) has “Buy” rating given on Monday, September 28 by Jefferies. The rating was upgraded by DZ Bank to “Buy” on Wednesday, February 7. Goldman Sachs downgraded it to “Neutral” rating and $50 target in Friday, September 16 report. Susquehanna initiated Citigroup Inc. (NYSE:C) on Tuesday, October 6 with “Neutral” rating.

More important recent Citigroup Inc. (NYSE:C) news were published by: Seekingalpha.com which released: “Citigroup: Buy Now” on May 01, 2018, also Livetradingnews.com published article titled: “Citigroup Inc. (NYSE:C) Heffx Technical Analysis”, Seekingalpha.com published: “Why ValueAct Pounced On Citigroup” on May 14, 2018. More interesting news about Citigroup Inc. (NYSE:C) was released by: Benzinga.com and their article: “JPMorgan, HSBC, Citigroup, Early Warning Execs Talk Fintech Collaboration” with publication date: May 15, 2018.

Investors sentiment decreased to 0.94 in 2017 Q4. Its down 0.12, from 1.06 in 2017Q3. It turned negative, as 94 investors sold MRK shares while 631 reduced holdings. 123 funds opened positions while 558 raised stakes. 1.93 billion shares or 1.34% less from 1.96 billion shares in 2017Q3 were reported. Grandfield Dodd Ltd owns 344,282 shares. Maryland owns 44,548 shares. Private Tru Na holds 0.69% of its portfolio in Merck & Co., Inc. (NYSE:MRK) for 58,227 shares. 5,967 are owned by Cohen Capital Mgmt Inc. Hendley & Company reported 68,397 shares stake. Berkshire Asset Limited Co Pa stated it has 219,474 shares or 1.2% of all its holdings. Conestoga Advsr has 0.01% invested in Merck & Co., Inc. (NYSE:MRK). Stonebridge Capital Limited Com has invested 1.04% in Merck & Co., Inc. (NYSE:MRK). Field And Main National Bank & Trust invested in 0.05% or 875 shares. Interocean Cap Limited Liability holds 0.03% or 3,620 shares in its portfolio. Point72 Asia (Hong Kong) stated it has 0.13% of its portfolio in Merck & Co., Inc. (NYSE:MRK). Greenwood Gearhart Inc reported 1.98% in Merck & Co., Inc. (NYSE:MRK). Spirit Of America Mgmt holds 0.08% or 13,100 shares. Buckingham Asset Mngmt Ltd Liability accumulated 24,681 shares. Moreover, Horizon Kinetics Ltd Liability Co has 0.08% invested in Merck & Co., Inc. (NYSE:MRK).

Citigroup Inc. (NYSE:C) Institutional Positions Chart

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