Oneok (OKE) Holder Sumitomo Mitsui Trust Holdings Lowered Its Stake by $421,244; Beacon Financial Group Increases Holding in Cvs Caremark (CVS)

May 25, 2018 - By Vivian Park

ONEOK, Inc. (NYSE:OKE) Logo

Sumitomo Mitsui Trust Holdings Inc decreased its stake in Oneok Inc (OKE) by 0.71% based on its latest 2017Q4 regulatory filing with the SEC. Sumitomo Mitsui Trust Holdings Inc sold 7,948 shares as the company’s stock rose 7.05% while stock markets declined. The institutional investor held 1.11 million shares of the public utilities company at the end of 2017Q4, valued at $59.59 million, down from 1.12M at the end of the previous reported quarter. Sumitomo Mitsui Trust Holdings Inc who had been investing in Oneok Inc for a number of months, seems to be less bullish one the $26.97 billion market cap company. The stock decreased 1.16% or $0.77 during the last trading session, reaching $65.61. About 1.29 million shares traded. ONEOK, Inc. (NYSE:OKE) has risen 7.29% since May 25, 2017 and is uptrending. It has underperformed by 4.26% the S&P500.




Beacon Financial Group increased its stake in Cvs Caremark Corporation (CVS) by 97.8% based on its latest 2017Q4 regulatory filing with the SEC. Beacon Financial Group bought 62,765 shares as the company’s stock declined 17.45% with the market. The institutional investor held 126,945 shares of the medical and nursing services company at the end of 2017Q4, valued at $9.20 million, up from 64,180 at the end of the previous reported quarter. Beacon Financial Group who had been investing in Cvs Caremark Corporation for a number of months, seems to be bullish on the $67.00B market cap company. The stock increased 1.20% or $0.78 during the last trading session, reaching $65.9. About 4.10M shares traded. CVS Health Corporation (NYSE:CVS) has declined 22.81% since May 25, 2017 and is downtrending. It has underperformed by 34.36% the S&P500.

More notable recent CVS Health Corporation (NYSE:CVS) news were published by: Fool.com which released: “5 Things You’ll Want to Know About CVS Health’s Plans for 2018 and Beyond” on May 04, 2018, also Streetinsider.com with their article: “Pfizer to pay $23.85 million to settle US co-payment kickback probe” published on May 24, 2018, Seekingalpha.com published: “We Are Playing The CVS Hand” on May 11, 2018. More interesting news about CVS Health Corporation (NYSE:CVS) were released by: Seekingalpha.com and their article: “Trade Mistake 3: CVS Boredom Trade” published on May 09, 2018 as well as Seekingalpha.com‘s news article titled: “CVS: Going Long, And Understanding The Aetna Deal” with publication date: April 30, 2018.

Since February 16, 2018, it had 2 buys, and 1 insider sale for $713,454 activity. On Friday, May 4 DORMAN DAVID W bought $1.51M worth of CVS Health Corporation (NYSE:CVS) or 24,300 shares. Another trade for 19,965 shares valued at $1.42M was made by Foulkes Helena on Friday, February 16.

Investors sentiment decreased to 0.72 in Q4 2017. Its down 0.16, from 0.88 in 2017Q3. It dropped, as 115 investors sold CVS shares while 600 reduced holdings. 134 funds opened positions while 380 raised stakes. 815.59 million shares or 1.76% more from 801.45 million shares in 2017Q3 were reported. Amer Natl Registered Invest Advisor has invested 0.39% in CVS Health Corporation (NYSE:CVS). Plante Moran Fincl Limited Liability Company holds 5,889 shares or 0.24% of its portfolio. Menta Cap Limited Com holds 0.13% in CVS Health Corporation (NYSE:CVS) or 9,200 shares. Busey Trust owns 3,053 shares or 0.03% of their US portfolio. Fulton Financial Bank Na, Pennsylvania-based fund reported 32,490 shares. Ifc Fl invested 0.05% in CVS Health Corporation (NYSE:CVS). Baldwin Brothers Ma, a Massachusetts-based fund reported 2,911 shares. California-based Aperio Ltd Llc has invested 0.24% in CVS Health Corporation (NYSE:CVS). Vaughan David Inc Il invested 0.77% of its portfolio in CVS Health Corporation (NYSE:CVS). Riggs Asset Managment Com holds 0.02% in CVS Health Corporation (NYSE:CVS) or 570 shares. Ronna Sue Cohen has invested 2.95% in CVS Health Corporation (NYSE:CVS). Tobam accumulated 440,230 shares or 1.38% of the stock. Savant Cap Limited Liability Corporation has 0.12% invested in CVS Health Corporation (NYSE:CVS) for 8,127 shares. Kwmg Llc has invested 0.44% in CVS Health Corporation (NYSE:CVS). The Alabama-based Andra Ap has invested 0.21% in CVS Health Corporation (NYSE:CVS).

Among 26 analysts covering CVS Health (NYSE:CVS), 19 have Buy rating, 0 Sell and 7 Hold. Therefore 73% are positive. CVS Health had 77 analyst reports since July 22, 2015 according to SRatingsIntel. Loop Capital maintained CVS Health Corporation (NYSE:CVS) on Tuesday, November 7 with “Hold” rating. The stock of CVS Health Corporation (NYSE:CVS) earned “Buy” rating by RBC Capital Markets on Thursday, February 8. The rating was maintained by Argus Research with “Buy” on Monday, August 10. Robert W. Baird maintained CVS Health Corporation (NYSE:CVS) rating on Thursday, February 8. Robert W. Baird has “Hold” rating and $80.0 target. The rating was maintained by Mizuho on Wednesday, November 9 with “Buy”. Barclays Capital initiated CVS Health Corporation (NYSE:CVS) rating on Friday, December 18. Barclays Capital has “Overweight” rating and $110 target. S&P Research maintained CVS Health Corporation (NYSE:CVS) on Monday, November 2 with “Strong Buy” rating. The firm earned “Neutral” rating on Friday, November 3 by Citigroup. On Wednesday, May 2 the stock rating was maintained by Oppenheimer with “Buy”. The firm earned “Outperform” rating on Monday, November 2 by Oppenheimer.

Beacon Financial Group, which manages about $573.30M US Long portfolio, decreased its stake in Compass Minerals Int (NYSE:CMP) by 4,946 shares to 111,683 shares, valued at $8.07M in 2017Q4, according to the filing. It also reduced its holding in Pioneer Floating Rate Trust (NYSE:PHD) by 40,504 shares in the quarter, leaving it with 60,703 shares, and cut its stake in United Parcel Service (NYSE:UPS).

Sumitomo Mitsui Trust Holdings Inc, which manages about $77.47 billion US Long portfolio, upped its stake in Cimarex Energy Co (NYSE:XEC) by 5,752 shares to 301,068 shares, valued at $36.73 million in 2017Q4, according to the filing. It also increased its holding in Vertex Pharmaceuticals Inc (NASDAQ:VRTX) by 22,338 shares in the quarter, for a total of 807,388 shares, and has risen its stake in Intuit Inc (NASDAQ:INTU).

Investors sentiment decreased to 1.18 in 2017 Q4. Its down 1.64, from 2.82 in 2017Q3. It turned negative, as 49 investors sold OKE shares while 194 reduced holdings. 76 funds opened positions while 211 raised stakes. 270.44 million shares or 2.16% more from 264.73 million shares in 2017Q3 were reported. Ghp Inv Advsrs holds 0.16% in ONEOK, Inc. (NYSE:OKE) or 20,521 shares. Checchi Advisers Ltd Liability Corp stated it has 0.04% of its portfolio in ONEOK, Inc. (NYSE:OKE). Cambridge Investment Rech Inc invested 0.02% in ONEOK, Inc. (NYSE:OKE). Dubuque Retail Bank & Co has invested 0.02% in ONEOK, Inc. (NYSE:OKE). Salient Ltd Liability Company stated it has 5.24 million shares. Tower Cap Ltd (Trc) reported 2,735 shares. Peoples Finance Corp holds 50 shares. Bluecrest Management Limited stated it has 0.02% of its portfolio in ONEOK, Inc. (NYSE:OKE). Fifth Third Bancorp stated it has 5,871 shares. Nomura Holdings reported 0% stake. Robecosam Ag holds 0.12% of its portfolio in ONEOK, Inc. (NYSE:OKE) for 34,800 shares. Citigroup holds 0% of its portfolio in ONEOK, Inc. (NYSE:OKE) for 85,580 shares. Conning invested in 0.02% or 13,546 shares. New Mexico Educational Retirement Board has invested 0.07% in ONEOK, Inc. (NYSE:OKE). Earnest Prns Lc owns 24,305 shares or 0.01% of their US portfolio.

Analysts await ONEOK, Inc. (NYSE:OKE) to report earnings on August, 7. They expect $0.64 earnings per share, up 93.94% or $0.31 from last year’s $0.33 per share. OKE’s profit will be $263.09 million for 25.63 P/E if the $0.64 EPS becomes a reality. After $0.64 actual earnings per share reported by ONEOK, Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Among 21 analysts covering ONEOK (NYSE:OKE), 9 have Buy rating, 0 Sell and 12 Hold. Therefore 43% are positive. ONEOK had 77 analyst reports since August 11, 2015 according to SRatingsIntel. The rating was upgraded by U.S. Capital Advisors to “Buy” on Thursday, January 4. The rating was upgraded by J.P. Morgan to “Hold” on Monday, September 11. The firm has “Buy” rating by UBS given on Friday, March 2. Deutsche Bank upgraded the shares of OKE in report on Monday, October 10 to “Hold” rating. The stock of ONEOK, Inc. (NYSE:OKE) has “Buy” rating given on Thursday, August 24 by Argus Research. The company was initiated on Tuesday, September 5 by Barclays Capital. The stock of ONEOK, Inc. (NYSE:OKE) earned “Neutral” rating by JP Morgan on Monday, February 12. The firm earned “Buy” rating on Monday, January 11 by Argus Research. On Tuesday, January 16 the stock rating was upgraded by RBC Capital Markets to “Outperform”. The stock of ONEOK, Inc. (NYSE:OKE) has “Hold” rating given on Thursday, October 26 by Robert W. Baird.

More news for ONEOK, Inc. (NYSE:OKE) were recently published by: 247Wallst.com, which released: “Top Energy Stock Returns to Jefferies Franchise Picks List After Massive Deal” on May 07, 2018. Seekingalpha.com‘s article titled: “ONEOK, Inc. 2018 Q1 – Results – Earnings Call Slides” and published on May 02, 2018 is yet another important article.

CVS Health Corporation (NYSE:CVS) Institutional Positions Chart

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