Estabrook Capital Management Has Increased Its Cardinal Health (CAH) Position; Lord Abbett & Company Has Cut Its Brunswick Com (BC) Stake

December 7, 2017 - By Dolores Ford

Estabrook Capital Management increased Cardinal Health Inc. (CAH) stake by 21.93% reported in 2017Q2 SEC filing. Estabrook Capital Management acquired 3,280 shares as Cardinal Health Inc. (CAH)’s stock declined 8.93%. The Estabrook Capital Management holds 18,239 shares with $1.42B value, up from 14,959 last quarter. Cardinal Health Inc. now has $18.79 billion valuation. The stock decreased 1.04% or $0.63 during the last trading session, reaching $59.72. About 2.77M shares traded. Cardinal Health, Inc. (NYSE:CAH) has declined 4.95% since December 7, 2016 and is downtrending. It has underperformed by 21.65% the S&P500.

Lord Abbett & Company decreased Brunswick Corp Com (BC) stake by 53.16% reported in 2017Q2 SEC filing. Lord Abbett & Company sold 245,778 shares as Brunswick Corp Com (BC)’s stock declined 7.98%. The Lord Abbett & Company holds 216,534 shares with $13.58 million value, down from 462,312 last quarter. Brunswick Corp Com now has $4.87B valuation. The stock decreased 0.84% or $0.47 during the last trading session, reaching $55.51. About 2.49M shares traded or 84.18% up from the average. Brunswick Corporation (NYSE:BC) has risen 21.90% since December 7, 2016 and is uptrending. It has outperformed by 5.20% the S&P500.

Estabrook Capital Management decreased Factset Resh Sys Inc Com (NYSE:FDS) stake by 25 shares to 3,915 valued at $650.60 million in 2017Q2. It also reduced Cisco Sys Inc (NASDAQ:CSCO) stake by 9,711 shares and now owns 429,536 shares. Peoples United Financial (NASDAQ:PBCT) was reduced too.

Investors sentiment increased to 0.87 in Q2 2017. Its up 0.03, from 0.84 in 2017Q1. It improved, as 58 investors sold CAH shares while 247 reduced holdings. 62 funds opened positions while 202 raised stakes. 273.65 million shares or 1.23% more from 270.34 million shares in 2017Q1 were reported. Laffer Invs reported 26,383 shares. Denver Invest Advsrs Ltd Liability has 26,802 shares for 0.09% of their portfolio. Kwmg Ltd Liability has invested 0.56% in Cardinal Health, Inc. (NYSE:CAH). Guinness Asset Management owns 0% invested in Cardinal Health, Inc. (NYSE:CAH) for 150 shares. Budros Ruhlin & Roe Incorporated stated it has 0.26% of its portfolio in Cardinal Health, Inc. (NYSE:CAH). Teachers Retirement Sys Of The State Of Kentucky invested 0.03% in Cardinal Health, Inc. (NYSE:CAH). Wells Fargo & Company Mn owns 1.26 million shares. 47,555 were reported by Ontario Teachers Pension Plan Board. 12,500 were accumulated by Cincinnati Casualty. Usca Ria Limited Liability, a Texas-based fund reported 35,003 shares. D E Shaw & Inc holds 0% of its portfolio in Cardinal Health, Inc. (NYSE:CAH) for 15,712 shares. Lmr Prns Ltd Liability Partnership accumulated 4,075 shares or 0.02% of the stock. Jpmorgan Chase Communications has invested 0.02% in Cardinal Health, Inc. (NYSE:CAH). Ccm Investment Advisers Lc holds 0.13% or 8,250 shares in its portfolio. Sivik Global Healthcare Limited Liability Company stated it has 1.43% of its portfolio in Cardinal Health, Inc. (NYSE:CAH).

Among 20 analysts covering Cardinal Health (NYSE:CAH), 5 have Buy rating, 1 Sell and 14 Hold. Therefore 25% are positive. Cardinal Health had 43 analyst reports since August 10, 2015 according to SRatingsIntel. As per Wednesday, August 26, the company rating was maintained by William Blair. As per Tuesday, November 3, the company rating was maintained by RBC Capital Markets. Goldman Sachs downgraded the stock to “Neutral” rating in Friday, September 16 report. The firm has “Hold” rating by Argus Research given on Wednesday, November 15. The rating was initiated by UBS on Thursday, October 6 with “Neutral”. Mizuho downgraded the shares of CAH in report on Tuesday, January 3 to “Neutral” rating. The firm earned “Buy” rating on Thursday, December 17 by Goldman Sachs. The stock of Cardinal Health, Inc. (NYSE:CAH) earned “Hold” rating by Jefferies on Wednesday, June 21. The rating was downgraded by William Blair to “Market Perform” on Wednesday, April 19. The rating was maintained by Jefferies on Thursday, July 27 with “Hold”.

Among 17 analysts covering Brunswick (NYSE:BC), 14 have Buy rating, 0 Sell and 3 Hold. Therefore 82% are positive. Brunswick had 45 analyst reports since September 4, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Wednesday, August 30 by RBC Capital Markets. The company was maintained on Monday, July 10 by RBC Capital Markets. The firm has “Buy” rating by CL King given on Thursday, December 22. The firm has “Buy” rating by KeyBanc Capital Markets given on Wednesday, October 18. Forward View Consulting maintained the shares of BC in report on Sunday, July 30 with “Hold” rating. The stock has “Buy” rating by Robert W. Baird on Thursday, October 26. Wedbush maintained Brunswick Corporation (NYSE:BC) on Friday, September 4 with “Outperform” rating. The company was maintained on Wednesday, August 16 by Jefferies. The firm earned “Outperform” rating on Friday, January 22 by RBC Capital Markets. The stock of Brunswick Corporation (NYSE:BC) earned “Mkt Perform” rating by Raymond James on Monday, January 11.

Investors sentiment increased to 1.3 in 2017 Q2. Its up 0.21, from 1.09 in 2017Q1. It improved, as 23 investors sold BC shares while 97 reduced holdings. 55 funds opened positions while 101 raised stakes. 81.84 million shares or 2.76% less from 84.16 million shares in 2017Q1 were reported. Wedge Capital Mngmt L Limited Partnership Nc invested in 0.72% or 1.20M shares. Ferguson Wellman Cap Management reported 9,123 shares. 1,200 were accumulated by Pacad Investment Ltd. Riverhead Mngmt Ltd owns 6,661 shares or 0.02% of their US portfolio. Highvista Strategies Limited Liability Corporation holds 7,300 shares or 0.1% of its portfolio. State Street reported 2.47M shares or 0.01% of all its holdings. Lsv Asset Mngmt holds 0.03% or 311,090 shares in its portfolio. Delphi Management Inc Ma accumulated 39,124 shares. State Board Of Administration Of Florida Retirement System reported 0.02% stake. Barrow Hanley Mewhinney Strauss Ltd Llc holds 425 shares or 0% of its portfolio. Castleark Limited Liability holds 71,655 shares or 0.15% of its portfolio. Jpmorgan Chase Company has 0.04% invested in Brunswick Corporation (NYSE:BC) for 2.81 million shares. Johnson Fin Gru has invested 0% in Brunswick Corporation (NYSE:BC). Parkside Fin National Bank & Trust And reported 0% in Brunswick Corporation (NYSE:BC). Ameritas Prtnrs stated it has 41,425 shares or 0.13% of all its holdings.

Analysts await Brunswick Corporation (NYSE:BC) to report earnings on January, 25. They expect $0.76 earnings per share, up 13.43% or $0.09 from last year’s $0.67 per share. BC’s profit will be $66.65 million for 18.26 P/E if the $0.76 EPS becomes a reality. After $0.91 actual earnings per share reported by Brunswick Corporation for the previous quarter, Wall Street now forecasts -16.48% negative EPS growth.

Lord Abbett & Company increased Realogy Hldgs Corp Com (NYSE:RLGY) stake by 378,434 shares to 484,234 valued at $15.71 million in 2017Q2. It also upped Delta Air Lines Inc Del Com New (NYSE:DAL) stake by 215,825 shares and now owns 826,685 shares. Merck & Co Inc Com (NYSE:MRK) was raised too.

Since June 9, 2017, it had 0 insider purchases, and 1 insider sale for $34,938 activity. METZGER WILLIAM also sold $738,840 worth of Brunswick Corporation (NYSE:BC) on Friday, June 9.

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By1 Dolores Ford

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