June 8, 2016

Becton Dickinson and Co (BDX) EVP Sells $857,250.00 in Stock


Becton Dickinson and Co (NYSE:BDX) EVP Nabil Shabshab sold 5,080 shares of the company’s stock in a transaction dated Tuesday, June 7th. The shares were sold at an average price of $168.75, for a total value of $857,250.00. Following the sale, the executive vice president now owns 11,092 shares in the company, valued at $1,871,775. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

A number of institutional investors have recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Becton Dickinson and by 21.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 70,347 shares of the company’s stock worth $10,840,000 after buying an additional 12,617 shares in the last quarter. Sei Investments Co. boosted its stake in Becton Dickinson and by 1.8% in the fourth quarter. Sei Investments Co. now owns 46,101 shares of the company’s stock worth $7,104,000 after buying an additional 797 shares in the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH purchased a new position in shares of Becton Dickinson and during the fourth quarter worth about $3,459,000. Hutchens Investment Management Inc increased its position in shares of Becton Dickinson and by 2.0% in the fourth quarter. Hutchens Investment Management Inc now owns 16,200 shares of the company’s stock worth $2,496,000 after buying an additional 325 shares during the last quarter. Finally, First United Bank Trust increased its position in shares of Becton Dickinson and by 2.7% in the fourth quarter. First United Bank Trust now owns 6,832 shares of the company’s stock worth $1,053,000 after buying an additional 177 shares during the last quarter.




Automatic Data Processing (ADP) VP Sells $748,256.40 in Stock


Automatic Data Processing (NYSE:ADP) VP Dermot J. O’brien sold 8,532 shares of the business’s stock in a transaction dated Tuesday, June 7th. The shares were sold at an average price of $87.70, for a total transaction of $748,256.40. Following the completion of the sale, the vice president now directly owns 30,445 shares of the company’s stock, valued at approximately $2,670,026.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Automatic Data Processing (NYSE:ADP) traded up 0.1723% during trading on Wednesday, reaching $87.0197. 176,938 shares of the company were exchanged. Automatic Data Processing has a one year low of $64.29 and a one year high of $91.00. The firm’s 50 day moving average price is $87.76 and its 200-day moving average price is $85.78. The stock has a market capitalization of $39.64 billion and a price-to-earnings ratio of 26.0460.




Jefferies Downgraded ONEOK, Inc. (OKE)


ONEOK, Inc. (NYSE:OKE) was downgraded by analysts at Jefferies Group from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday, The Fly reports.

ONEOK (NYSE:OKE) opened at 45.76 on Wednesday. The company has a market cap of $9.61 billion and a PE ratio of 36.12. The stock has a 50 day moving average of $39.84 and a 200 day moving average of $29.00. ONEOK has a 52 week low of $18.84 and a 52 week high of $46.06.

ONEOK (NYSE:OKE) last announced its quarterly earnings data on Tuesday, May 3rd. The company reported $0.40 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by $0.01. During the same quarter in the prior year, the firm earned $0.29 EPS. Equities research analysts predict that ONEOK will post $1.76 EPS for the current fiscal year.



Morgan Stanley Downgrades AbbVie Inc (ABBV)


AbbVie Inc (NYSE:ABBV) was downgraded by analysts at Morgan Stanley to a “hold” rating in a note issued to investors on Wednesday. They presently have a $65.00 price objective on the stock. Morgan Stanley’s price objective suggests a potential upside of 3.01% from the stock’s previous close.

Other large investors have made changes to their positions in the company. Norges Bank acquired a new stake in shares of AbbVie during the fourth quarter valued at $838,947,000. Orbis Allan Gray Ltd bought a new stake in AbbVie during the first quarter valued at approximately $281,766,000. Highfields Capital Management LP increased its stake in AbbVie by 77.7% in the fourth quarter. Highfields Capital Management LP now owns 5,908,500 shares of the company’s stock valued at $350,020,000 after buying an additional 2,583,500 shares in the last quarter. Woodford Investment Management LLP increased its stake in AbbVie by 25.8% in the first quarter. Woodford Investment Management LLP now owns 11,063,300 shares of the company’s stock valued at $631,936,000 after buying an additional 2,269,300 shares in the last quarter. Finally, Svenska Handelsbanken AB publ bought a new stake in AbbVie during the fourth quarter valued at approximately $89,405,000.




June 6, 2016

Jefferies Upgraded Wal-Mart Stores (WMT)


Wal-Mart Stores (WMT) was Upgraded by Jefferies to ” Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 82 from a previous price target of $60 . Earlier the firm had a rating of “Hold ” on the company shares. Jefferies advised their investors in a research report released on Jun 6, 2016.

Many Wall Street Analysts have commented on Wal-Mart Stores. Company shares were Upgraded by Jefferies on Jun 6, 2016 to ” Buy”, Firm has raised the Price Target to $ 82 from a previous price target of $60 .Company shares were Reiterated by Telsey Advisory Group on May 20, 2016 to “Market Perform”, Firm has raised the Price Target to $ 71 from a previous price target of $65 .Company shares were Reiterated by RBC Capital Mkts on May 20, 2016 to “Underperform”, Firm has raised the Price Target to $ 69 from a previous price target of $66 .



Source: Market Digest


Goldman Downgraded Harley-Davidson Inc (HOG)


Harley-Davidson Inc (HOG) was Downgraded by Goldman to ” Neutral” while Lowering the Price Target of the company shares to $ 50 from a previous price target of $55 . Earlier the firm had a rating of “Buy ” on the company shares. Goldman advised their investors in a research report released on Jun 6, 2016.

Many Wall Street Analysts have commented on Harley-Davidson Inc. Shares were Downgraded by Goldman on Jun 6, 2016 to ” Neutral” and Lowered the Price Target to $ 50 from a previous price target of $55 .Shares were Reiterated by Wedbush on May 16, 2016 to “Neutral” and Lowered the Price Target to $ 40 from a previous price target of $42 .Shares were Reiterated by Wedbush on Apr 13, 2016 to “Neutral” and Lowered the Price Target to $ 42 from a previous price target of $46 .


Source: Market Digest