As Ppl (PPL) Market Value Declined, Tiedemann Wealth Management Has Upped Stake; As Cbs Cl B (CBS) Stock Declined, Vestor Capital Has Cut Position

May 22, 2018 - By Vivian Currie

PPL Corporation (NYSE:PPL) Logo

Vestor Capital Llc decreased its stake in Cbs Corp Cl B (CBS) by 40.53% based on its latest 2017Q4 regulatory filing with the SEC. Vestor Capital Llc sold 11,480 shares as the company’s stock declined 13.00% with the market. The institutional investor held 16,846 shares of the broadcasting company at the end of 2017Q4, valued at $994,000, down from 28,326 at the end of the previous reported quarter. Vestor Capital Llc who had been investing in Cbs Corp Cl B for a number of months, seems to be less bullish one the $19.53B market cap company. The stock decreased 0.92% or $0.48 during the last trading session, reaching $51.52. About 1.65 million shares traded. CBS Corporation (NYSE:CBS) has declined 22.43% since May 22, 2017 and is downtrending. It has underperformed by 33.98% the S&P500.

Tiedemann Wealth Management Llc increased its stake in Ppl Corp (PPL) by 256.86% based on its latest 2017Q4 regulatory filing with the SEC. Tiedemann Wealth Management Llc bought 41,711 shares as the company’s stock declined 10.38% with the market. The institutional investor held 57,950 shares of the central company at the end of 2017Q4, valued at $1.80M, up from 16,239 at the end of the previous reported quarter. Tiedemann Wealth Management Llc who had been investing in Ppl Corp for a number of months, seems to be bullish on the $20.82 billion market cap company. The stock increased 1.45% or $0.39 during the last trading session, reaching $27.31. About 6.47M shares traded. PPL Corporation (NYSE:PPL) has declined 25.72% since May 22, 2017 and is downtrending. It has underperformed by 37.27% the S&P500.

Another recent and important PPL Corporation (NYSE:PPL) news was published by Seekingalpha.com which published an article titled: “PPL Corporation 2018 Q1 – Results – Earnings Call Slides” on May 03, 2018.

Tiedemann Wealth Management Llc, which manages about $5.35B and $1.31 billion US Long portfolio, decreased its stake in Gabelli Equity Tr Inc (GAB) by 237,738 shares to 13,355 shares, valued at $83,000 in 2017Q4, according to the filing. It also reduced its holding in Chesapeake Utils Corp (NYSE:CPK) by 8,589 shares in the quarter, leaving it with 17,141 shares, and cut its stake in Fedex Corp (NYSE:FDX).

Investors sentiment increased to 1.15 in 2017 Q4. Its up 0.05, from 1.1 in 2017Q3. It improved, as 52 investors sold PPL shares while 213 reduced holdings. 79 funds opened positions while 226 raised stakes. 479.50 million shares or 0.01% less from 479.53 million shares in 2017Q3 were reported. Gsa Partners Ltd Liability Partnership, a United Kingdom-based fund reported 171,648 shares. Capital One Natl Association holds 0.24% of its portfolio in PPL Corporation (NYSE:PPL) for 113,594 shares. Drw Secs holds 0.03% or 9,576 shares. 2.05M are held by Manufacturers Life Ins The. Sterling Management Limited Liability Com has 0.04% invested in PPL Corporation (NYSE:PPL). Focused Wealth Management owns 7,366 shares for 0.07% of their portfolio. Valley Natl Advisers has 0.68% invested in PPL Corporation (NYSE:PPL). Glg Limited Liability invested in 0.07% or 30,964 shares. Franklin Resource holds 0.04% or 2.82M shares. Engy Income Prtn Limited Liability holds 448,340 shares or 0.24% of its portfolio. Community Commercial Bank Na owns 10,029 shares for 0.03% of their portfolio. Cwm Limited Liability Corp reported 0% stake. Denali Advsrs Ltd Liability stated it has 464,896 shares or 2.23% of all its holdings. Parametric Assocs Ltd Co accumulated 1.69 million shares. State Of New Jersey Common Pension Fund D invested in 850,000 shares.

Among 14 analysts covering PPL Corporation (NYSE:PPL), 7 have Buy rating, 1 Sell and 6 Hold. Therefore 50% are positive. PPL Corporation had 43 analyst reports since August 5, 2015 according to SRatingsIntel. On Monday, January 8 the stock rating was maintained by SunTrust with “Buy”. The firm earned “Hold” rating on Thursday, February 1 by RBC Capital Markets. The stock of PPL Corporation (NYSE:PPL) earned “Hold” rating by Evercore on Monday, February 8. SunTrust initiated PPL Corporation (NYSE:PPL) on Tuesday, October 10 with “Buy” rating. The firm has “Buy” rating given on Monday, February 12 by SunTrust. The stock has “Neutral” rating by Goldman Sachs on Monday, June 26. On Monday, June 27 the stock rating was downgraded by Barclays Capital to “Equal-Weight”. The firm has “Buy” rating given on Friday, February 23 by UBS. Macquarie Research downgraded the stock to “Underperform” rating in Tuesday, December 19 report. The firm has “Hold” rating by KeyBanc Capital Markets given on Wednesday, October 18.

Among 39 analysts covering CBS Corp (NYSE:CBS), 29 have Buy rating, 0 Sell and 10 Hold. Therefore 74% are positive. CBS Corp had 120 analyst reports since August 6, 2015 according to SRatingsIntel. BMO Capital Markets maintained CBS Corporation (NYSE:CBS) rating on Monday, September 11. BMO Capital Markets has “Buy” rating and $80.0 target. The stock of CBS Corporation (NYSE:CBS) earned “Outperform” rating by Credit Suisse on Monday, February 22. The stock of CBS Corporation (NYSE:CBS) has “Buy” rating given on Thursday, July 13 by Jefferies. Topeka Capital Markets maintained it with “Buy” rating and $64 target in Wednesday, November 4 report. Stephens maintained CBS Corporation (NYSE:CBS) on Tuesday, January 2 with “Buy” rating. As per Monday, January 29, the company rating was downgraded by Wells Fargo. The firm has “Buy” rating by Needham given on Friday, November 3. Benchmark maintained the stock with “Buy” rating in Friday, June 16 report. The rating was initiated by Telsey Advisory Group on Friday, February 5 with “Outperform”. Benchmark maintained it with “Buy” rating and $76 target in Friday, May 5 report.

Since December 12, 2017, it had 0 insider purchases, and 15 insider sales for $71.37 million activity. Ianniello Joseph R also sold $14.12 million worth of CBS Corporation (NYSE:CBS) on Thursday, January 18.

More important recent CBS Corporation (NYSE:CBS) news were published by: 247Wallst.com which released: “CBS Shareholders Ask Where Their Yachts Are” on May 18, 2018, also Seekingalpha.com published article titled: “National Amusements to CBS: See you in court”, Benzinga.com published: “CBS Is A Buy Amid M&A Uncertainty, Bernstein Says In Upgrade” on May 21, 2018. More interesting news about CBS Corporation (NYSE:CBS) was released by: Seekingalpha.com and their article: “CBS Q1: Growth Goals On Track” with publication date: May 09, 2018.

Vestor Capital Llc, which manages about $525.40 million and $463.35 million US Long portfolio, upped its stake in Vanguard Emerging Markets Etf (VWO) by 9,475 shares to 309,805 shares, valued at $14.22M in 2017Q4, according to the filing. It also increased its holding in Wisdomtree Midcap Dividend Etf (DON) by 40,465 shares in the quarter, for a total of 59,660 shares, and has risen its stake in Micron Technology Inc (NASDAQ:MU).

Analysts await CBS Corporation (NYSE:CBS) to report earnings on August, 6. They expect $1.16 earnings per share, up 11.54% or $0.12 from last year’s $1.04 per share. CBS’s profit will be $439.75M for 11.10 P/E if the $1.16 EPS becomes a reality. After $1.34 actual earnings per share reported by CBS Corporation for the previous quarter, Wall Street now forecasts -13.43% negative EPS growth.

CBS Corporation (NYSE:CBS) Institutional Positions Chart

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By1 Vivian Currie

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