As Mastercard (MA) Share Price Rose, Shareholder Harvey Capital Management Has Increased Its Holding; Petroleum & Resources Cut Eastman Chemical Company (EMN) Position by $1.50 Million; Market Valuation Rose

June 14, 2018 - By Stephen Andrade

Mastercard Incorporated (NYSE:MA) Logo

Petroleum & Resources Corp decreased its stake in Eastman Chemical Company (EMN) by 15.26% based on its latest 2018Q1 regulatory filing with the SEC. Petroleum & Resources Corp sold 14,300 shares as the company’s stock rose 1.97% while stock markets declined. The institutional investor held 79,400 shares of the major chemicals company at the end of 2018Q1, valued at $8.38M, down from 93,700 at the end of the previous reported quarter. Petroleum & Resources Corp who had been investing in Eastman Chemical Company for a number of months, seems to be less bullish one the $15.41 billion market cap company. The stock increased 0.03% or $0.03 during the last trading session, reaching $107.93. About 719,985 shares traded. Eastman Chemical Company (NYSE:EMN) has risen 33.38% since June 14, 2017 and is uptrending. It has outperformed by 20.81% the S&P500. Some Historical EMN News: 30/05/2018 – Eastman Chemical Presenting at Deutsche Bank Conference Jun 6; 26/04/2018 – EASTMAN CHEMICAL SEES FY ADJ EPS +10% TO +14%; 27/04/2018 – EASTMAN EARNINGS CALL CONCLUDES; 27/04/2018 – EASTMAN STILL SEES EPS GROWTH OF 8%-12% LONG TERM; 07/03/2018 – Texas Emissions: 279994 – EASTMAN CHEMICAL TEXAS OPERATIONS; 09/05/2018 – Eastman Completes Tritan Copolyester Expansion and Announces Additional Increase to Copolyester Capacity; 03/05/2018 – REG-Eastman Announces 2018 Annual Meeting Stockholder Vote Results; 09/05/2018 – EASTMAN: NEW EXPANSION AT KINGSPORT SITE TO BE COMPLETED IN 3Q; 07/05/2018 – Eastman Chemical at Wells Fargo Industrials Conference Tomorrow; 13/03/2018 – AGFA, EASTMAN PARK MICROGRAPHICS EXTEND MULTI-YEAR SUPPLY PACT

Harvey Capital Management Inc increased its stake in Mastercard Inc (MA) by 160.09% based on its latest 2018Q1 regulatory filing with the SEC. Harvey Capital Management Inc bought 12,855 shares as the company’s stock rose 7.48% while stock markets declined. The institutional investor held 20,885 shares of the business services company at the end of 2018Q1, valued at $3.66 million, up from 8,030 at the end of the previous reported quarter. Harvey Capital Management Inc who had been investing in Mastercard Inc for a number of months, seems to be bullish on the $208.07 billion market cap company. The stock decreased 0.05% or $0.1 during the last trading session, reaching $199.31. About 2.81M shares traded. Mastercard Incorporated (NYSE:MA) has risen 56.80% since June 14, 2017 and is uptrending. It has outperformed by 44.23% the S&P500. Some Historical MA News: 02/05/2018 – Mastercard 1Q Purchase Volume Up 15%; 30/04/2018 – MFS Research Fund Adds Mastercard, Exits Visa; 11/04/2018 – Mastercard and Fred Segal Open `Rock `n Roll Holy Land’ on the Sunset Strip; 24/05/2018 – Retailers Say Visa, Mastercard Pressing the Wrong Button; 02/05/2018 – Mastercard: Charges Related to Interchange Rates in Europe; 04/04/2018 – Barclays Launches Premier Global Travel Card That Rewards Cardmember Loyalty: Barclays Arrival® Premier World Elite Mastercard®; 30/05/2018 – MASTERCARD SEES MORE NATIONALISTIC REGULATORS AROUND THE WORLD; 27/04/2018 – MASTERCARD NOMINATES 14 CANDIDATES FOR ELECTION TO BOARD; 02/05/2018 – Mastercard Incorporated First-Quarter 2018 Financial Results Available on Company’s Website; 07/03/2018 – MASTERCARD – MICHAEL MIEBACH, CHIEF PRODUCT OFFICER, WILL LEAD NEWLY-FORMED PRODUCTS AND INNOVATION TEAM

Investors sentiment decreased to 0.86 in Q1 2018. Its down 0.05, from 0.91 in 2017Q4. It worsened, as 47 investors sold MA shares while 533 reduced holdings. 121 funds opened positions while 378 raised stakes. 750.68 million shares or 1.84% less from 764.78 million shares in 2017Q4 were reported. Gillespie Robinson & Grimm, Connecticut-based fund reported 1,150 shares. East Coast Asset Management Llc invested in 172,570 shares. Denver Invest Limited Liability Corp has invested 0.02% in Mastercard Incorporated (NYSE:MA). Art Advsrs Ltd accumulated 27,500 shares. Burney holds 0.81% or 74,761 shares in its portfolio. Willingdon Wealth Mngmt holds 50 shares or 0% of its portfolio. Mcgowan Asset stated it has 0.04% of its portfolio in Mastercard Incorporated (NYSE:MA). 3,393 were reported by Gm Advisory Grp. Manchester Mngmt Ltd Liability Corp accumulated 1,770 shares. Investec Asset Mngmt North America stated it has 119,762 shares or 1.59% of all its holdings. Wright Investors Ser holds 0.37% or 6,151 shares. Huber Capital Management Ltd Limited Liability Company has 66,950 shares. Westend Advsrs Limited Co invested in 0% or 289,595 shares. Melvin Cap Ltd Partnership owns 1.03M shares. Obermeyer Wood Invest Counsel Lllp invested 5.53% in Mastercard Incorporated (NYSE:MA).

More notable recent Mastercard Incorporated (NYSE:MA) news were published by: Seekingalpha.com which released: “Mastercard: Is It Overvalued?” on May 16, 2018, also Seekingalpha.com with their article: “Mastercard, Inc. (MA) Management Presents at RBC 2018 Financial Technology Investor Day Brokers Conference …” published on June 14, 2018, Streetinsider.com published: “First Data (FDC) Announces Collaboration with Mastercard (MA) to Provide Digital Disbursements to Clients” on June 13, 2018. More interesting news about Mastercard Incorporated (NYSE:MA) were released by: Seekingalpha.com and their article: “Mastercard, Inc. (MA) Management Presents at William Blair Growth Stock Brokers Conference (Transcript)” published on June 13, 2018 as well as Seekingalpha.com‘s news article titled: “Mastercard – Priceless” with publication date: May 29, 2018.

Among 40 analysts covering Mastercard Incorporated (NYSE:MA), 35 have Buy rating, 0 Sell and 5 Hold. Therefore 88% are positive. Mastercard Incorporated had 131 analyst reports since July 21, 2015 according to SRatingsIntel. The company was maintained on Monday, September 7 by Evercore. Piper Jaffray maintained Mastercard Incorporated (NYSE:MA) rating on Thursday, January 18. Piper Jaffray has “Buy” rating and $208.0 target. Robert W. Baird maintained the shares of MA in report on Monday, October 16 with “Buy” rating. The firm has “Buy” rating given on Thursday, February 1 by RBC Capital Markets. The company was maintained on Friday, April 29 by Citigroup. The stock of Mastercard Incorporated (NYSE:MA) earned “Top Pick” rating by RBC Capital Markets on Friday, June 16. The rating was initiated by Bernstein with “Buy” on Tuesday, March 27. The stock has “Hold” rating by Credit Suisse on Thursday, July 27. The company was maintained on Friday, August 14 by JP Morgan. Oppenheimer maintained the stock with “Outperform” rating in Thursday, January 25 report.

Since January 2, 2018, it had 0 buys, and 8 selling transactions for $59.23 million activity. 239,020 Mastercard Incorporated (NYSE:MA) shares with value of $44.45 million were sold by BANGA AJAY. Haythornthwaite Richard also sold $866,104 worth of Mastercard Incorporated (NYSE:MA) shares. McLaughlin Edward Grunde sold 17,167 shares worth $2.61 million. Vosburg Craig had sold 17,496 shares worth $3.25 million on Thursday, May 3. Shares for $5.53M were sold by Murphy Timothy H on Monday, March 19. 5,950 shares were sold by CARLUCCI DAVID R, worth $1.09 million on Friday, March 9.

Harvey Capital Management Inc, which manages about $386.73M and $267.15 million US Long portfolio, decreased its stake in Facebook Inc Com (NASDAQ:FB) by 5,260 shares to 29,500 shares, valued at $4.71 million in 2018Q1, according to the filing. It also reduced its holding in Att Inc (NYSE:T) by 78,600 shares in the quarter, leaving it with 229,471 shares, and cut its stake in Nektar Therapeutics (NASDAQ:NKTR).

Among 17 analysts covering Eastman Chemical Company (NYSE:EMN), 9 have Buy rating, 2 Sell and 6 Hold. Therefore 53% are positive. Eastman Chemical Company had 61 analyst reports since July 30, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Thursday, January 25 by RBC Capital Markets. As per Monday, July 11, the company rating was maintained by Nomura. The rating was maintained by Jefferies with “Buy” on Tuesday, February 6. RBC Capital Markets initiated it with “Outperform” rating and $88 target in Wednesday, October 14 report. The stock of Eastman Chemical Company (NYSE:EMN) earned “Buy” rating by Jefferies on Monday, August 28. The stock of Eastman Chemical Company (NYSE:EMN) earned “Positive” rating by Susquehanna on Friday, July 1. On Tuesday, October 10 the stock rating was downgraded by Nomura to “Neutral”. The stock of Eastman Chemical Company (NYSE:EMN) has “Buy” rating given on Thursday, July 13 by Cowen & Co. RBC Capital Markets maintained it with “Hold” rating and $8500 target in Monday, June 5 report. KeyBanc Capital Markets maintained Eastman Chemical Company (NYSE:EMN) rating on Monday, October 30. KeyBanc Capital Markets has “Buy” rating and $108.0 target.

Investors sentiment decreased to 0.92 in 2018 Q1. Its down 0.25, from 1.17 in 2017Q4. It fall, as 45 investors sold EMN shares while 212 reduced holdings. 71 funds opened positions while 166 raised stakes. 115.78 million shares or 0.82% less from 116.74 million shares in 2017Q4 were reported. Raymond James Service Incorporated invested 0.01% of its portfolio in Eastman Chemical Company (NYSE:EMN). Vestor Cap Ltd Com holds 0.23% in Eastman Chemical Company (NYSE:EMN) or 10,543 shares. Massachusetts-based Martingale Asset Limited Partnership has invested 0.16% in Eastman Chemical Company (NYSE:EMN). Proshare Ltd Liability Corporation accumulated 0.04% or 58,544 shares. Omers Administration Corporation owns 59,600 shares. Regentatlantic Ltd Liability reported 0.09% in Eastman Chemical Company (NYSE:EMN). Intact Inv Management, Ontario – Canada-based fund reported 22,500 shares. James Invest Rech invested in 22,336 shares or 0.09% of the stock. Great Lakes Advisors Limited Company has invested 0.11% in Eastman Chemical Company (NYSE:EMN). Raab And Moskowitz Asset Mgmt Ltd Limited Liability Company reported 5,452 shares stake. Employees Retirement Of Texas holds 107,500 shares or 0.15% of its portfolio. Tdam Usa holds 0.42% or 65,776 shares. Teacher Retirement Systems Of Texas holds 286,302 shares. Rhumbline Advisers invested 0.06% in Eastman Chemical Company (NYSE:EMN). Twin Tree Mgmt Lp has 1,310 shares.

Since February 7, 2018, it had 0 buys, and 11 selling transactions for $12.84 million activity. Shares for $400,000 were sold by Anderson Gary E on Thursday, March 1. RAISBECK DAVID W also sold $406,360 worth of Eastman Chemical Company (NYSE:EMN) shares. $435,516 worth of Eastman Chemical Company (NYSE:EMN) was sold by WARMACK DAMON CARY on Wednesday, February 7. Another trade for 8,600 shares valued at $906,268 was sold by Golden David A.. Shares for $4.70 million were sold by ESPELAND CURTIS E. The insider LICH BRAD A sold 24,834 shares worth $2.62 million.

Analysts await Eastman Chemical Company (NYSE:EMN) to report earnings on July, 26. They expect $2.21 earnings per share, up 11.62% or $0.23 from last year’s $1.98 per share. EMN’s profit will be $315.50M for 12.21 P/E if the $2.21 EPS becomes a reality. After $2.23 actual earnings per share reported by Eastman Chemical Company for the previous quarter, Wall Street now forecasts -0.90% negative EPS growth.

Another recent and important Eastman Chemical Company (NYSE:EMN) news was published by Seekingalpha.com which published an article titled: “Tracking Alex Roepers’ Atlantic Investment Management Portfolio – Q1 2018 Update” on May 24, 2018.

Eastman Chemical Company (NYSE:EMN) Institutional Positions Chart

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