First Manhattan Company Has Raised Holding in Cbs (CBS) by $1.78 Million; As Public Svc Enterprise Group Com (PEG) Stock Price Rose, Buffington Mohr Mcneal Decreased Holding

January 21, 2018 - By Clifton Ray

First Manhattan Company increased its stake in Cbs Corporation (CBS) by 2.66% based on its latest 2017Q3 regulatory filing with the SEC. First Manhattan Company bought 31,224 shares as the company’s stock declined 6.13% while stock markets rallied. The hedge fund held 1.20M shares of the broadcasting company at the end of 2017Q3, valued at $69.88M, up from 1.17M at the end of the previous reported quarter. First Manhattan Company who had been investing in Cbs Corporation for a number of months, seems to be bullish on the $22.09B market cap company. The stock decreased 3.75% or $2.25 during the last trading session, reaching $57.75. About 6.22M shares traded. CBS Corporation (NYSE:CBS) has risen 18.35% since January 21, 2017 and is uptrending. It has outperformed by 1.65% the S&P500.

Buffington Mohr Mcneal decreased its stake in Public Svc Enterprise Group Com (PEG) by 27.98% based on its latest 2017Q3 regulatory filing with the SEC. Buffington Mohr Mcneal sold 14,935 shares as the company’s stock rose 1.22% with the market. The institutional investor held 38,450 shares of the power generation company at the end of 2017Q3, valued at $1.90M, down from 53,385 at the end of the previous reported quarter. Buffington Mohr Mcneal who had been investing in Public Svc Enterprise Group Com for a number of months, seems to be less bullish one the $25.20B market cap company. The stock increased 0.12% or $0.06 during the last trading session, reaching $49.8. About 2.69 million shares traded. Public Service Enterprise Group Incorporated (NYSE:PEG) has declined 1.72% since January 21, 2017 and is downtrending. It has underperformed by 18.42% the S&P500.

Investors sentiment decreased to 1.06 in Q3 2017. Its down 0.07, from 1.13 in 2017Q2. It fall, as 39 investors sold PEG shares while 210 reduced holdings. 63 funds opened positions while 200 raised stakes. 327.87 million shares or 0.17% less from 328.43 million shares in 2017Q2 were reported. Qci Asset has 0% invested in Public Service Enterprise Group Incorporated (NYSE:PEG) for 258 shares. Quantitative Inv Limited Liability Co owns 609,800 shares. Fulton Natl Bank Na has invested 0.08% of its portfolio in Public Service Enterprise Group Incorporated (NYSE:PEG). Texas-based Employees Retirement System Of Texas has invested 0.02% in Public Service Enterprise Group Incorporated (NYSE:PEG). Sumitomo Mitsui Hldgs has 1.42M shares for 0.09% of their portfolio. Ontario Teachers Pension Plan Board reported 195,925 shares. Parametric Assocs Limited Liability Com has 0.1% invested in Public Service Enterprise Group Incorporated (NYSE:PEG). Catawba Cap Mngmt Va reported 5,283 shares. Brandywine Global Mngmt Llc has 444,196 shares. Sumitomo Life Insur reported 53,975 shares or 0.32% of all its holdings. 191,449 are held by Oregon Employees Retirement Fund. Bremer Association reported 0.36% stake. Cantab Capital Ptnrs Llp reported 7,218 shares or 0.05% of all its holdings. 99,330 are owned by Private Advisor Grp Inc Lc. Invesco Ltd holds 3.33M shares.

Among 15 analysts covering Public Service Enterprise Group Incorporated (NYSE:PEG), 10 have Buy rating, 2 Sell and 3 Hold. Therefore 67% are positive. Public Service Enterprise Group Incorporated had 46 analyst reports since September 11, 2015 according to SRatingsIntel. The stock of Public Service Enterprise Group Incorporated (NYSE:PEG) earned “Neutral” rating by JP Morgan on Friday, September 11. The company was maintained on Thursday, October 12 by JP Morgan. As per Sunday, October 8, the company rating was maintained by RBC Capital Markets. As per Monday, January 11, the company rating was maintained by Argus Research. The firm has “Overweight” rating given on Friday, December 16 by JP Morgan. The company was downgraded on Tuesday, October 20 by Wolfe Research. Mizuho maintained the shares of PEG in report on Monday, November 20 with “Buy” rating. The rating was upgraded by Barclays Capital on Friday, September 22 to “Overweight”. The company was maintained on Friday, July 21 by Jefferies. The firm earned “Hold” rating on Tuesday, June 20 by Jefferies.

Since August 1, 2017, it had 0 insider buys, and 8 insider sales for $11.01 million activity. On Thursday, October 12 IZZO RALPH sold $3.90 million worth of Public Service Enterprise Group Incorporated (NYSE:PEG) or 79,920 shares.

Analysts await Public Service Enterprise Group Incorporated (NYSE:PEG) to report earnings on February, 23. They expect $0.56 EPS, up 3.70% or $0.02 from last year’s $0.54 per share. PEG’s profit will be $283.38 million for 22.23 P/E if the $0.56 EPS becomes a reality. After $0.82 actual EPS reported by Public Service Enterprise Group Incorporated for the previous quarter, Wall Street now forecasts -31.71% negative EPS growth.

Investors sentiment increased to 1.03 in 2017 Q3. Its up 0.23, from 0.8 in 2017Q2. It increased, as 53 investors sold CBS shares while 225 reduced holdings. 80 funds opened positions while 206 raised stakes. 225.71 million shares or 1.68% less from 229.56 million shares in 2017Q2 were reported. Teacher Retirement Sys Of Texas holds 59,372 shares. Jacobs Levy Equity Management Inc holds 270,414 shares. Parametric Associates Limited Liability Company holds 1.13 million shares or 0.07% of its portfolio. Sound Shore Mngmt Incorporated Ct holds 2.31% of its portfolio in CBS Corporation (NYSE:CBS) for 2.44 million shares. Bb&T Securities Limited Liability Co has 0.1% invested in CBS Corporation (NYSE:CBS) for 128,636 shares. Old Bank & Trust In has 16,077 shares. 178 are held by Gemmer Asset Mngmt Ltd Liability. The New York-based Act Ii Mgmt LP has invested 2.44% in CBS Corporation (NYSE:CBS). Capital Ww Investors holds 0.4% in CBS Corporation (NYSE:CBS) or 30.35 million shares. Wesbanco Bank has 108,586 shares. Moreover, Middleton And Company Incorporated Ma has 0.1% invested in CBS Corporation (NYSE:CBS). Credit Agricole S A stated it has 170,979 shares. Zuckerman Investment Group Ltd Company stated it has 4.43% in CBS Corporation (NYSE:CBS). Caxton Associates LP has invested 0.02% in CBS Corporation (NYSE:CBS). Fmr Lc holds 0.02% of its portfolio in CBS Corporation (NYSE:CBS) for 3.52 million shares.

Among 36 analysts covering CBS Corp (NYSE:CBS), 29 have Buy rating, 0 Sell and 7 Hold. Therefore 81% are positive. CBS Corp had 106 analyst reports since August 6, 2015 according to SRatingsIntel. The rating was maintained by Needham with “Buy” on Tuesday, January 24. The company was maintained on Thursday, October 12 by RBC Capital Markets. The stock of CBS Corporation (NYSE:CBS) earned “Market Perform” rating by Telsey Advisory Group on Tuesday, December 13. The rating was upgraded by Wells Fargo on Wednesday, March 9 to “Outperform”. Telsey Advisory Group maintained the shares of CBS in report on Friday, May 20 with “Outperform” rating. The firm earned “Buy” rating on Thursday, July 13 by Jefferies. The company was maintained on Wednesday, March 16 by UBS. The stock of CBS Corporation (NYSE:CBS) earned “Market Perform” rating by Telsey Advisory Group on Friday, May 5. Citigroup maintained it with “Buy” rating and $76 target in Wednesday, August 23 report. Cowen & Co maintained it with “Buy” rating and $69.0 target in Tuesday, September 19 report.

First Manhattan Company, which manages about $20.51 billion and $17.46B US Long portfolio, decreased its stake in Loews Corp (NYSE:L) by 22,498 shares to 297,006 shares, valued at $14.21 million in 2017Q3, according to the filing. It also reduced its holding in Robert Half Intl Inc (NYSE:RHI) by 57,386 shares in the quarter, leaving it with 1.43M shares, and cut its stake in Lowes Co (NYSE:LOW).

Since August 2, 2017, it had 0 buys, and 14 insider sales for $74.02 million activity. $327,506 worth of CBS Corporation (NYSE:CBS) was sold by COUNTRYMAN GARY L on Wednesday, August 9. The insider Ambrosio Anthony G sold $538,673. $3.16M worth of CBS Corporation (NYSE:CBS) shares were sold by Schwartz Gil D. $321,088 worth of CBS Corporation (NYSE:CBS) was sold by CALIFANO JOSEPH A. On Tuesday, January 16 Ianniello Joseph R sold $175,000 worth of CBS Corporation (NYSE:CBS) or 2,910 shares.

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