Bank Of America Lowered Holding in United Technologies (Call) (UTX) by $4.33 Million as Market Value Declined; Schulhoff & Co Holds Holding in Brown (BF.B)

June 17, 2018 - By Kurt Siggers

Brown-Forman Corporation (NYSE:BF.B) Logo

Schulhoff & Co Inc increased its stake in Brown (BF.B) by 48.12% based on its latest 2018Q1 regulatory filing with the SEC. Schulhoff & Co Inc bought 21,056 shares as the company’s stock 0.00% . The institutional investor held 64,816 shares of the company at the end of 2018Q1, valued at $3.53M, up from 43,760 at the end of the previous reported quarter. Schulhoff & Co Inc who had been investing in Brown for a number of months, seems to be bullish on the $27.31B market cap company. The stock increased 0.85% or $0.45 during the last trading session, reaching $53.39. About 3.19 million shares traded or 192.02% up from the average. Brown-Forman Corporation (NYSE:BF.B) has risen 40.18% since June 17, 2017 and is uptrending. It has outperformed by 27.61% the S&P500. Some Historical BF.B News: 29/05/2018 – BROWN-FORMAN CORP – PAUL VARGA TO RETIRE; LAWSON WHITING NAMED INCOMING CEO AS OF JANUARY 1, 2019; 22/03/2018 – Moody’s Rates Brown-Forman’s New Usd Bonds A1; 07/03/2018 – Brown-Forman Closes Below 50-Day Moving Average: Technicals; 07/03/2018 – RPT-BROWN-FORMAN – “EXPECT ONGOING BENEFIT TO EARNINGS & CASH FLOW IN FUTURE YEARS DUE TO TAX REFORM”; 30/05/2018 – Brown-Forman CEO to retire at year’s end; 07/03/2018 – RPT-BROWN-FORMAN CORP – REVISES FISCAL YEAR 2018 OUTLOOK; 07/03/2018 – RPT-BROWN-FORMAN CORP – SEES 2018 UNDERLYING NET SALES GROWTH OF 6% TO 7%; 24/05/2018 – Brown-Forman’s Fourth Quarter Earnings Release and Conference Call Scheduled for June 6, 2018; 07/03/2018 – CORRECTED-BROWN-FORMAN SEES FY 2018 SPLIT-ADJUSTED SHR (NOT ADJ SHR) $1.43 TO $1.48; 07/03/2018 – Brown-Forman Affirms FY18 Underlying Outlook for Net Sales Growth of 6%-7%

Bank Of America Corp decreased its stake in United Technologies Corp (Call) (UTX) by 25.67% based on its latest 2018Q1 regulatory filing with the SEC. Bank Of America Corp sold 34,600 shares as the company’s stock declined 6.23% with the market. The institutional investor held 100,200 shares of the aerospace company at the end of 2018Q1, valued at $12.61 million, down from 134,800 at the end of the previous reported quarter. Bank Of America Corp who had been investing in United Technologies Corp (Call) for a number of months, seems to be less bullish one the $101.54 billion market cap company. The stock decreased 0.02% or $0.03 during the last trading session, reaching $126.91. About 7.46M shares traded or 87.87% up from the average. United Technologies Corporation (NYSE:UTX) has risen 3.91% since June 17, 2017 and is uptrending. It has underperformed by 8.66% the S&P500. Some Historical UTX News: 24/04/2018 – UNITED TECHNOLOGIES UTX.N EXPECTS TO MEET PRATT ENGINE DELIVERIES TO AIRBUS FOR FULL YEAR-CFO; 24/04/2018 – United Technologies Tops Estimates — Earnings Review; 23/05/2018 – United Technologies Sees Spending About $75B With U.S. Suppliers Over Next Five Years; 26/03/2018 – Washington UTC: UTC names new assistant director of energy regulation; 23/05/2018 – United Technologies to Invest More Than $15B in R&D, CapEx in U.S. Over Next Five Years; 24/04/2018 – United Technologies 1Q Capital Expenditures $337M; 04/05/2018 – Loeb and United Technologies spar over break-up; 10/04/2018 – Avianca Flips The Switch For Passengers With New “Plug And Play” Cabin Lighting Retrofit From UTC Aerospace Systems; 19/03/2018 – UNITED TECHNOLOGIES CORP – “HAYES INTENDS TO CONTINUE TO REMAIN FOCUSED ON EXECUTING UTC’S PRIORITIES FOR YEARS TO COME”; 23/05/2018 – United Technologies: Half of Hiring to Be in Production, Maintenance Roles

More notable recent United Technologies Corporation (NYSE:UTX) news were published by: Seekingalpha.com which released: “United Technologies’ Accelerating Growth” on June 08, 2018, also Seekingalpha.com with their article: “Engine makers on track with A320 recovery plan” published on June 14, 2018, 247Wallst.com published: “Top Analyst Upgrades and Downgrades: Advanced Micro Devices, Delphi, Domino’s Pizza, Southwest Airlines, Square …” on June 15, 2018. More interesting news about United Technologies Corporation (NYSE:UTX) were released by: Seekingalpha.com and their article: “Cisco Is A High Quality Stock – Cramer’s Lightning Round (6/8/18)” published on June 11, 2018 as well as Seekingalpha.com‘s news article titled: “Dan Loeb Is Right: Splitting United Technologies Apart Will Unlock Value” with publication date: June 16, 2018.

Analysts await United Technologies Corporation (NYSE:UTX) to report earnings on July, 24. They expect $1.83 earnings per share, down 1.08% or $0.02 from last year’s $1.85 per share. UTX’s profit will be $1.46 billion for 17.34 P/E if the $1.83 EPS becomes a reality. After $1.77 actual earnings per share reported by United Technologies Corporation for the previous quarter, Wall Street now forecasts 3.39% EPS growth.

Bank Of America Corp, which manages about $585.34 billion US Long portfolio, upped its stake in Cato Corp New (NYSE:CATO) by 95,812 shares to 236,446 shares, valued at $3.49M in 2018Q1, according to the filing. It also increased its holding in Vanguard Index Fds (VBK) by 671,162 shares in the quarter, for a total of 4.70M shares, and has risen its stake in Red Robin Gourmet Burgers In (NASDAQ:RRGB).

Among 22 analysts covering United Technologies Corporation (NYSE:UTX), 13 have Buy rating, 0 Sell and 9 Hold. Therefore 59% are positive. United Technologies Corporation had 87 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of United Technologies Corporation (NYSE:UTX) earned “Sector Perform” rating by RBC Capital Markets on Tuesday, May 3. The firm has “Hold” rating by Deutsche Bank given on Monday, September 21. The firm has “Hold” rating by RBC Capital Markets given on Friday, September 15. On Tuesday, July 21 the stock rating was upgraded by S&P Research to “Buy”. On Wednesday, September 6 the stock rating was maintained by Deutsche Bank with “Hold”. RBC Capital Markets maintained the shares of UTX in report on Friday, August 11 with “Hold” rating. Stifel Nicolaus maintained United Technologies Corporation (NYSE:UTX) rating on Tuesday, April 3. Stifel Nicolaus has “Hold” rating and $13100 target. The firm has “Hold” rating given on Tuesday, August 25 by Deutsche Bank. The firm earned “Neutral” rating on Wednesday, July 22 by Atlantic Securities. The rating was maintained by Cowen & Co on Tuesday, July 25 with “Buy”.

Since February 22, 2018, it had 1 buy, and 5 sales for $2.57 million activity. MCDONOUGH ROBERT J sold $1.28M worth of United Technologies Corporation (NYSE:UTX) on Wednesday, May 2. $1.09M worth of stock was bought by Reynolds Fredric G on Friday, April 27. JOHRI AKHIL also sold $803,037 worth of United Technologies Corporation (NYSE:UTX) on Tuesday, May 22. Bailey Robert J. had sold 419 shares worth $56,034 on Thursday, February 22.

Investors sentiment increased to 0.94 in 2018 Q1. Its up 0.02, from 0.92 in 2017Q4. It improved, as 62 investors sold UTX shares while 542 reduced holdings. 98 funds opened positions while 467 raised stakes. 630.65 million shares or 1.06% more from 624.06 million shares in 2017Q4 were reported. 139,502 are owned by Salem Counselors. Cincinnati Financial accumulated 0.12% or 21,000 shares. Busey has 0.11% invested in United Technologies Corporation (NYSE:UTX). Schnieders Mgmt Lc owns 5,836 shares. Tennessee-based Pinnacle Fin Prns has invested 0.46% in United Technologies Corporation (NYSE:UTX). Cornercap Inv Counsel holds 26,385 shares. St Johns Investment Ltd Llc owns 6,416 shares. Colorado-based Centurylink Investment Management Com has invested 0.89% in United Technologies Corporation (NYSE:UTX). Private Asset Mgmt reported 90,320 shares stake. Keybank Natl Association Oh has 987,373 shares. Court Place Advsr Lc holds 0.45% of its portfolio in United Technologies Corporation (NYSE:UTX) for 8,530 shares. Umb Fincl Bank N A Mo reported 58,777 shares. Van Cleef Asset Managementinc reported 0.06% of its portfolio in United Technologies Corporation (NYSE:UTX). 29,789 were reported by Security Natl. M Holdg Securities reported 1.77% in United Technologies Corporation (NYSE:UTX).

More news for Brown-Forman Corporation (NYSE:BF.B) were recently published by: Seekingalpha.com, which released: “Ross: EU will determine tariff escalation” on May 31, 2018. Seekingalpha.com‘s article titled: “Brown-Forman Corporation (BF.B) CEO Paul Varga on Q4 2018 Results – Earnings Call Transcript” and published on June 06, 2018 is yet another important article.

Among 12 analysts covering Brown-Forman (NYSE:BF.B), 1 have Buy rating, 2 Sell and 9 Hold. Therefore 8% are positive. Brown-Forman had 43 analyst reports since July 21, 2015 according to SRatingsIntel. Cowen & Co maintained it with “Hold” rating and $5200 target in Thursday, July 13 report. The rating was downgraded by Credit Suisse to “Hold” on Thursday, June 8. The firm earned “Buy” rating on Wednesday, March 7 by Pivotal Research. As per Tuesday, July 21, the company rating was initiated by Sterne Agee CRT. As per Monday, November 6, the company rating was maintained by RBC Capital Markets. The stock of Brown-Forman Corporation (NYSE:BF.B) earned “Hold” rating by SunTrust on Wednesday, December 6. The firm has “Hold” rating by RBC Capital Markets given on Friday, June 23. Sterne Agee CRT downgraded the shares of BF.B in report on Friday, February 26 to “Neutral” rating. Stifel Nicolaus maintained Brown-Forman Corporation (NYSE:BF.B) on Thursday, February 1 with “Hold” rating. The firm has “Hold” rating by SunTrust given on Thursday, October 5.

United Technologies Corporation (NYSE:UTX) Institutional Positions Chart

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