South State Has Cut Its Abbvie (ABBV) Position; Ariel Investments Has Lowered J.M. Smucker Co. (SJM) Holding

September 12, 2017 - By wolcottdaily

Ariel Investments Llc decreased J.M. Smucker Co. (SJM) stake by 0.55% reported in 2016Q4 SEC filing. Ariel Investments Llc sold 6,037 shares as J.M. Smucker Co. (SJM)’s stock declined 7.31%. The Ariel Investments Llc holds 1.08 million shares with $138.79 million value, down from 1.09 million last quarter. J.M. Smucker Co. now has $12.21B valuation. The stock rose 0.38% or $0.41 reaching $107.5. About 155,291 shares traded. J M Smucker Co (NYSE:SJM) has declined 0.84% since September 12, 2016 and is downtrending. It has underperformed by 17.54% the S&P500.

South State Corp decreased Abbvie Inc (ABBV) stake by 32.97% reported in 2016Q4 SEC filing. South State Corp sold 10,660 shares as Abbvie Inc (ABBV)’s stock rose 6.17%. The South State Corp holds 21,673 shares with $1.36 million value, down from 32,333 last quarter. Abbvie Inc now has $138.70 billion valuation. The stock rose 0.01% or $0.01 reaching $87.01. About 2.62M shares traded. AbbVie Inc (NYSE:ABBV) has risen 10.63% since September 12, 2016 and is uptrending. It has underperformed by 6.07% the S&P500.




Investors sentiment decreased to 0.97 in 2016 Q4. Its down 0.15, from 1.12 in 2016Q3. It dived, as 54 investors sold SJM shares while 219 reduced holdings. 79 funds opened positions while 223 raised stakes. 84.66 million shares or 0.24% less from 84.86 million shares in 2016Q3 were reported. Blackrock Institutional Company Na holds 0.06% of its portfolio in J M Smucker Co (NYSE:SJM) for 3.15M shares. North Star Inv Mngmt has invested 0.05% of its portfolio in J M Smucker Co (NYSE:SJM). Neuberger Berman invested 0% of its portfolio in J M Smucker Co (NYSE:SJM). Davy Asset Mngmt has 12,980 shares. Cypress Asset Mngmt Inc Tx invested 0.17% in J M Smucker Co (NYSE:SJM). Moreover, Hall Laurie J Trustee has 0.02% invested in J M Smucker Co (NYSE:SJM). Smith Moore And invested in 0.2% or 4,154 shares. 1,729 were accumulated by Vnbtrust Association. Contravisory Invest Mngmt reported 2.04% of its portfolio in J M Smucker Co (NYSE:SJM). Hsbc Public Ltd Co reported 96,484 shares stake. Ami Asset accumulated 1.63% or 172,435 shares. Rothschild Asset Inc has invested 0.01% of its portfolio in J M Smucker Co (NYSE:SJM). 16 were accumulated by Wealthcare Cap Limited. Janney Montgomery Scott Ltd Liability Company holds 21,381 shares or 0.04% of its portfolio. Burt Wealth Advsrs reported 0.05% in J M Smucker Co (NYSE:SJM).

Among 18 analysts covering J. M. Smucker Company (NYSE:SJM), 5 have Buy rating, 3 Sell and 10 Hold. Therefore 28% are positive. J. M. Smucker Company had 54 analyst reports since August 19, 2015 according to SRatingsIntel. Credit Suisse upgraded it to “Outperform” rating and $125 target in Wednesday, August 19 report. The firm earned “Equal-Weight” rating on Wednesday, July 19 by Stephens. The stock of J M Smucker Co (NYSE:SJM) has “Hold” rating given on Monday, July 24 by Stifel Nicolaus. Susquehanna maintained the shares of SJM in report on Wednesday, August 23 with “Hold” rating. Morgan Stanley maintained J M Smucker Co (NYSE:SJM) rating on Monday, August 21. Morgan Stanley has “Sell” rating and $114.0 target. The rating was maintained by Susquehanna with “Hold” on Thursday, July 13. Hilliard Lyons upgraded J M Smucker Co (NYSE:SJM) on Thursday, September 22 to “Neutral” rating. The stock of J M Smucker Co (NYSE:SJM) has “Buy” rating given on Saturday, August 29 by Citigroup. Goldman Sachs downgraded the stock to “Sell” rating in Monday, April 4 report. Stifel Nicolaus maintained J M Smucker Co (NYSE:SJM) rating on Thursday, August 24. Stifel Nicolaus has “Hold” rating and $114.0 target.

Ariel Investments Llc increased Ceb Inc. stake by 94,690 shares to 530,057 valued at $32.12M in 2016Q4. It also upped American Express Co. (NYSE:AXP) stake by 32,860 shares and now owns 830,330 shares. Charles River Laboratories Intl Inc. (NYSE:CRL) was raised too.

Since May 4, 2017, it had 0 insider buys, and 5 sales for $18.84 million activity. The insider Schumacher Laura J sold 79,800 shares worth $5.59M. GONZALEZ RICHARD A sold $4.67M worth of stock or 71,235 shares. CHASE WILLIAM J sold 38,300 shares worth $2.50M. Another trade for 45,800 shares valued at $3.21 million was sold by ALBAN CARLOS.

South State Corp increased Anthem Inc (NYSE:ANTM) stake by 12,256 shares to 36,349 valued at $5.23 million in 2016Q4. It also upped Fortive Corp stake by 5,672 shares and now owns 45,861 shares. Alphabet Inc Cl C was raised too.

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