Fortaleza Asset Management Decreased Its Holding in Zoetis Class A (ZTS) by $443,205; Hallmark Capital Management Has Boosted Its Holding in Carter (CRI) by $304,290 as Stock Value Declined

January 21, 2018 - By Vivian Currie

Hallmark Capital Management Inc increased its stake in Carter Inc (CRI) by 2.08% based on its latest 2017Q3 regulatory filing with the SEC. Hallmark Capital Management Inc bought 3,105 shares as the company’s stock declined 1.16% while stock markets rallied. The institutional investor held 152,573 shares of the consumer non-durables company at the end of 2017Q3, valued at $15.07 million, up from 149,468 at the end of the previous reported quarter. Hallmark Capital Management Inc who had been investing in Carter Inc for a number of months, seems to be bullish on the $5.70 billion market cap company. The stock increased 1.01% or $1.21 during the last trading session, reaching $120.45. About 615,980 shares traded. Carter's, Inc. (NYSE:CRI) has declined 16.63% since January 21, 2017 and is downtrending. It has underperformed by 33.33% the S&P500.

Fortaleza Asset Management Inc decreased its stake in Zoetis Inc. Class A (ZTS) by 51.65% based on its latest 2017Q3 regulatory filing with the SEC. Fortaleza Asset Management Inc sold 7,035 shares as the company’s stock rose 14.85% with the market. The institutional investor held 6,585 shares of the major pharmaceuticals company at the end of 2017Q3, valued at $420,000, down from 13,620 at the end of the previous reported quarter. Fortaleza Asset Management Inc who had been investing in Zoetis Inc. Class A for a number of months, seems to be less bullish one the $37.34 billion market cap company. The stock increased 0.38% or $0.29 during the last trading session, reaching $76.62. About 4.83 million shares traded or 103.74% up from the average. Zoetis Inc. (NYSE:ZTS) has risen 29.89% since January 21, 2017 and is uptrending. It has outperformed by 13.19% the S&P500.

Investors sentiment decreased to 1.09 in 2017 Q3. Its down 0.19, from 1.28 in 2017Q2. It dived, as 38 investors sold CRI shares while 95 reduced holdings. 48 funds opened positions while 97 raised stakes. 45.69 million shares or 0.34% more from 45.54 million shares in 2017Q2 were reported. Round Table Svcs Limited Liability holds 0.07% or 2,088 shares. Louisiana State Employees Retirement Sys stated it has 12,800 shares. Sei Investments Company holds 92,020 shares. Brandywine Glob Inv Management Limited Com reported 0.01% stake. Silvercrest Asset Group Llc accumulated 429,229 shares. Wesbanco Bank & Trust Incorporated accumulated 8,167 shares. Arrowmark Colorado Limited Liability stated it has 2.13% in Carter's, Inc. (NYSE:CRI). Oppenheimer Asset invested in 0.03% or 10,843 shares. Glob X Management Communications Ltd Liability Company stated it has 698 shares or 0% of all its holdings. State Treasurer State Of Michigan invested in 0.01% or 18,000 shares. 141,776 were accumulated by Atlantic Ltd Co. Valinor Mgmt LP invested 2.91% in Carter's, Inc. (NYSE:CRI). Genesee Valley Tru Company, a New York-based fund reported 3,661 shares. Jane Street Group Inc Ltd Limited Liability Company reported 0% stake. New York-based Qci Asset Management Ny has invested 0% in Carter's, Inc. (NYSE:CRI).

Among 16 analysts covering Carter’s (NYSE:CRI), 9 have Buy rating, 1 Sell and 6 Hold. Therefore 56% are positive. Carter’s had 32 analyst reports since August 31, 2015 according to SRatingsIntel. On Tuesday, September 27 the stock rating was downgraded by Wells Fargo to “Market Perform”. The rating was upgraded by PiperJaffray on Tuesday, February 14 to “Overweight”. Oppenheimer maintained Carter's, Inc. (NYSE:CRI) rating on Tuesday, June 13. Oppenheimer has “Buy” rating and $10500 target. The rating was initiated by Morgan Stanley with “Overweight” on Wednesday, January 25. Wells Fargo maintained Carter's, Inc. (NYSE:CRI) rating on Thursday, January 11. Wells Fargo has “Hold” rating and $123.0 target. The rating was initiated by Cowen & Co on Wednesday, July 13 with “Market Perform”. Cowen & Co maintained it with “Hold” rating and $105.0 target in Thursday, November 16 report. The rating was maintained by Cowen & Co on Thursday, July 27 with “Hold”. As per Thursday, July 27, the company rating was maintained by Oppenheimer. On Monday, October 23 the stock rating was maintained by Cowen & Co with “Hold”.

Hallmark Capital Management Inc, which manages about $816.74M and $795.37 million US Long portfolio, decreased its stake in Pepsico Inc (NYSE:PEP) by 3,675 shares to 19,106 shares, valued at $2.13M in 2017Q3, according to the filing. It also reduced its holding in Microchip Technology Inc (NASDAQ:MCHP) by 6,555 shares in the quarter, leaving it with 223,926 shares, and cut its stake in Wells Fargo & Co (NYSE:WFC).

Analysts await Zoetis Inc. (NYSE:ZTS) to report earnings on February, 15. They expect $0.66 earnings per share, up 40.43% or $0.19 from last year’s $0.47 per share. ZTS’s profit will be $321.61M for 29.02 P/E if the $0.66 EPS becomes a reality. After $0.65 actual earnings per share reported by Zoetis Inc. for the previous quarter, Wall Street now forecasts 1.54% EPS growth.

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