Sirios Capital Management LP Has Raised Its Western Alliance Bancorp (WAL) Position; As Becton Dickinson & Company (BDX) Market Valuation Declined, Shareholder Foster Dykema Cabot & Co Lifted Its Holding

May 31, 2018 - By Adrian Mccoy

Becton, Dickinson and Company (NYSE:BDX) Logo

Foster Dykema Cabot & Co Inc increased its stake in Becton Dickinson & Company (BDX) by 3.84% based on its latest 2018Q1 regulatory filing with the SEC. Foster Dykema Cabot & Co Inc bought 1,524 shares as the company’s stock declined 0.58% with the market. The institutional investor held 41,179 shares of the health care company at the end of 2018Q1, valued at $8.92M, up from 39,655 at the end of the previous reported quarter. Foster Dykema Cabot & Co Inc who had been investing in Becton Dickinson & Company for a number of months, seems to be bullish on the $59.73B market cap company. The stock increased 1.64% or $3.61 during the last trading session, reaching $223.52. About 1.21M shares traded or 2.22% up from the average. Becton, Dickinson and Company (NYSE:BDX) has risen 19.79% since May 31, 2017 and is uptrending. It has outperformed by 7.22% the S&P500.




John Brennan increased its stake in Western Alliance Bancorp (WAL) by 39.8% based on its latest 2018Q1 regulatory filing with the SEC. Sirios Capital Management LP bought 37,237 shares as the company’s stock rose 2.46% while stock markets declined. The hedge fund run by John Brennan held 130,802 shares of the major banks company at the end of 2018Q1, valued at $7.60 million, up from 93,565 at the end of the previous reported quarter. Sirios Capital Management LP who had been investing in Western Alliance Bancorp for a number of months, seems to be bullish on the $6.44B market cap company. The stock increased 1.57% or $0.94 during the last trading session, reaching $60.84. About 653,930 shares traded or 9.64% up from the average. Western Alliance Bancorporation (NYSE:WAL) has risen 34.12% since May 31, 2017 and is uptrending. It has outperformed by 21.55% the S&P500.

Among 14 analysts covering Western Alliance Bancorp (NYSE:WAL), 14 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Western Alliance Bancorp had 52 analyst reports since September 8, 2015 according to SRatingsIntel. The stock of Western Alliance Bancorporation (NYSE:WAL) earned “Overweight” rating by Piper Jaffray on Tuesday, October 13. The rating was maintained by Keefe Bruyette & Woods on Tuesday, December 12 with “Buy”. FIG Partners upgraded the shares of WAL in report on Tuesday, September 8 to “Outperform” rating. The firm has “Buy” rating given on Tuesday, April 24 by Jefferies. The rating was maintained by SunTrust on Tuesday, November 28 with “Buy”. Keefe Bruyette & Woods maintained the shares of WAL in report on Friday, October 20 with “Buy” rating. The firm has “Buy” rating by RBC Capital Markets given on Friday, January 26. The company was maintained on Thursday, November 10 by RBC Capital Markets. The firm earned “Buy” rating on Friday, September 29 by Jefferies. Barclays Capital maintained Western Alliance Bancorporation (NYSE:WAL) rating on Tuesday, January 2. Barclays Capital has “Buy” rating and $69.0 target.

Sirios Capital Management L P, which manages about $2.06B and $2.03 billion US Long portfolio, decreased its stake in Schlumberger Ltd (NYSE:SLB) by 124,088 shares to 423,465 shares, valued at $27.43 million in 2018Q1, according to the filing. It also reduced its holding in Dish Network Corp (NASDAQ:DISH) by 391,465 shares in the quarter, leaving it with 543,124 shares, and cut its stake in Ppg Inds Inc (NYSE:PPG).

Another recent and important Western Alliance Bancorporation (NYSE:WAL) news was published by Streetinsider.com which published an article titled: “Western Alliance Bancorporation (WAL)” on May 25, 2018.

Since December 15, 2017, it had 1 insider purchase, and 11 selling transactions for $6.52 million activity. 29 Western Alliance Bancorporation (NYSE:WAL) shares with value of $1,722 were bought by LATTA ROBERT P. $32,441 worth of Western Alliance Bancorporation (NYSE:WAL) was sold by Ardrey J. Kelly Jr.. Another trade for 2,000 shares valued at $123,880 was made by MCAUSLAN ROBERT REOCH on Friday, March 9. 2,942 Western Alliance Bancorporation (NYSE:WAL) shares with value of $173,578 were sold by Theisen Randall S. $150,000 worth of Western Alliance Bancorporation (NYSE:WAL) was sold by Sohn Sung Won on Friday, May 4. 5,500 Western Alliance Bancorporation (NYSE:WAL) shares with value of $330,000 were sold by CADY GERALD A.

Investors sentiment decreased to 1.05 in 2018 Q1. Its down 0.21, from 1.26 in 2017Q4. It worsened, as 33 investors sold WAL shares while 99 reduced holdings. 46 funds opened positions while 92 raised stakes. 85.68 million shares or 0.37% more from 85.36 million shares in 2017Q4 were reported. Teacher Retirement Systems Of Texas, Texas-based fund reported 22,183 shares. Canada Pension Plan Inv Board invested 0.01% of its portfolio in Western Alliance Bancorporation (NYSE:WAL). 845,891 were reported by Geode Cap Mngmt Ltd Co. Signaturefd Ltd Com holds 0% or 32 shares in its portfolio. Strs Ohio owns 0.07% invested in Western Alliance Bancorporation (NYSE:WAL) for 270,000 shares. Evercore Wealth Lc, a New York-based fund reported 4,072 shares. Palouse Mngmt Inc invested 0.07% of its portfolio in Western Alliance Bancorporation (NYSE:WAL). Segall Bryant Hamill Limited, Illinois-based fund reported 142,922 shares. Barclays Public Limited Company reported 24,269 shares or 0% of all its holdings. Comerica Bancshares holds 5,631 shares or 0% of its portfolio. Bb&T Secs Ltd owns 6,172 shares for 0% of their portfolio. Bb&T accumulated 21,703 shares. Natixis reported 13,589 shares stake. 4,780 were accumulated by Stone Ridge Asset Management Ltd Liability Company. Nuveen Asset Mgmt Ltd Liability has 0.23% invested in Western Alliance Bancorporation (NYSE:WAL).

Investors sentiment decreased to 1.05 in Q1 2018. Its down 0.50, from 1.55 in 2017Q4. It fall, as 69 investors sold BDX shares while 375 reduced holdings. 114 funds opened positions while 350 raised stakes. 219.77 million shares or 1.86% more from 215.77 million shares in 2017Q4 were reported. Modera Wealth Management Limited Liability Company holds 0.05% or 1,100 shares in its portfolio. Garrison Fincl reported 2.76% in Becton, Dickinson and Company (NYSE:BDX). Brave Asset Mgmt Inc invested 0.77% in Becton, Dickinson and Company (NYSE:BDX). Twin Capital Management invested in 0.05% or 4,745 shares. Dekabank Deutsche Girozentrale owns 228,264 shares for 0.33% of their portfolio. Janney Mngmt Ltd Limited Liability Company stated it has 0.01% of its portfolio in Becton, Dickinson and Company (NYSE:BDX). Delta Asset Ltd Liability Co Tn, a Tennessee-based fund reported 87,627 shares. Piedmont Advsr Ltd Liability reported 48,822 shares stake. Massachusetts-based Fiduciary has invested 0.47% in Becton, Dickinson and Company (NYSE:BDX). 36,091 were reported by Azimuth Capital. Naples Global Ltd invested in 0.09% or 1,411 shares. Moreover, Cambridge Tru has 1.7% invested in Becton, Dickinson and Company (NYSE:BDX) for 122,837 shares. Pictet Asset Management stated it has 293,472 shares or 0.16% of all its holdings. Aureus Asset Lc has invested 0.11% in Becton, Dickinson and Company (NYSE:BDX). Newman Dignan Sheerar reported 0.14% in Becton, Dickinson and Company (NYSE:BDX).

Foster Dykema Cabot & Co Inc, which manages about $1.07B and $587.49 million US Long portfolio, decreased its stake in Wells Fargo & Company (NYSE:WFC) by 12,039 shares to 16,724 shares, valued at $877,000 in 2018Q1, according to the filing. It also reduced its holding in Ishares Edge Msci Usa Momentum (MTUM) by 4,602 shares in the quarter, leaving it with 224,722 shares, and cut its stake in Procter & Gamble Company (NYSE:PG).

Another recent and important Becton, Dickinson and Company (NYSE:BDX) news was published by Seekingalpha.com which published an article titled: “Becton, Dickinson: More Than A Short-Term Bounce On The Cards?” on May 10, 2018.

Among 20 analysts covering Becton Dickinson (NYSE:BDX), 13 have Buy rating, 0 Sell and 7 Hold. Therefore 65% are positive. Becton Dickinson had 53 analyst reports since August 7, 2015 according to SRatingsIntel. The stock has “Strong Buy” rating by Raymond James on Friday, June 30. As per Tuesday, January 3, the company rating was downgraded by JP Morgan. The stock has “Hold” rating by Evercore on Wednesday, January 6. The firm has “Hold” rating by Citigroup given on Friday, January 5. The firm has “Buy” rating given on Monday, July 10 by Cowen & Co. RBC Capital Markets maintained Becton, Dickinson and Company (NYSE:BDX) on Friday, August 7 with “Sector Perform” rating. The firm has “Sector Perform” rating given on Thursday, February 4 by RBC Capital Markets. The firm has “Buy” rating by Jefferies given on Friday, June 9. The firm has “Buy” rating by Jefferies given on Tuesday, July 18. The firm has “Buy” rating given on Thursday, March 30 by Jefferies.

Western Alliance Bancorporation (NYSE:WAL) Institutional Positions Chart

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