Astrazeneca Plc (AZN) Shareholder Holowesko Partners LTD Has Decreased Its Position; Grandfield & Dodd Stake In M & T Bk (MTB) Was Increased

February 15, 2018 - By Michael Collier

Holowesko Partners Ltd decreased its stake in Astrazeneca Plc (AZN) by 10.39% based on its latest 2017Q3 regulatory filing with the SEC. Holowesko Partners Ltd sold 220,000 shares as the company’s stock rose 16.26% with the market. The hedge fund held 1.90 million shares of the major pharmaceuticals company at the end of 2017Q3, valued at $64.30M, down from 2.12M at the end of the previous reported quarter. Holowesko Partners Ltd who had been investing in Astrazeneca Plc for a number of months, seems to be less bullish one the $80.61 billion market cap company. The stock increased 1.12% or $0.38 during the last trading session, reaching $34.44. About 4.73M shares traded or 30.96% up from the average. AstraZeneca PLC (NYSE:AZN) has risen 19.45% since February 15, 2017 and is uptrending. It has outperformed by 2.75% the S&P500.

Grandfield & Dodd Llc increased its stake in M & T Bk Corp (MTB) by 52.2% based on its latest 2017Q3 regulatory filing with the SEC. Grandfield & Dodd Llc bought 27,294 shares as the company’s stock declined 6.32% while stock markets rallied. The institutional investor held 79,583 shares of the major banks company at the end of 2017Q3, valued at $12.82M, up from 52,289 at the end of the previous reported quarter. Grandfield & Dodd Llc who had been investing in M & T Bk Corp for a number of months, seems to be bullish on the $28.90 billion market cap company. The stock increased 3.13% or $5.83 during the last trading session, reaching $191.98. About 763,168 shares traded or 21.44% up from the average. M&T Bank Corporation (NYSE:MTB) has risen 35.81% since February 15, 2017 and is uptrending. It has outperformed by 19.11% the S&P500.

Since September 12, 2017, it had 0 insider buys, and 11 selling transactions for $18.64 million activity. Another trade for 31,511 shares valued at $5.92 million was sold by SALAMONE DENIS J. Another trade for 22,083 shares valued at $4.15M was made by Warman D Scott N on Monday, January 22. 6,000 shares were sold by Trolli Michele D, worth $1.12M. 3,834 M&T Bank Corporation (NYSE:MTB) shares with value of $732,461 were sold by King Darren J. $3.49 million worth of M&T Bank Corporation (NYSE:MTB) shares were sold by SPYCHALA MICHAEL R. 4,904 shares valued at $939,116 were sold by Gold Richard S on Wednesday, January 31.

Among 26 analysts covering M&T Bank (NYSE:MTB), 5 have Buy rating, 3 Sell and 18 Hold. Therefore 19% are positive. M&T Bank had 84 analyst reports since August 6, 2015 according to SRatingsIntel. The company was maintained on Wednesday, August 12 by Deutsche Bank. The rating was maintained by RBC Capital Markets with “Buy” on Wednesday, April 5. The firm has “Mkt Perform” rating by FBR Capital given on Thursday, October 20. The firm has “Sell” rating by Robert W. Baird given on Thursday, January 18. The rating was downgraded by Portales on Thursday, April 21 to “Sector Perform”. The stock has “Hold” rating by Argus Research on Tuesday, March 29. The firm has “Market Perform” rating by Wells Fargo given on Thursday, August 10. As per Monday, October 9, the company rating was maintained by Citigroup. Deutsche Bank maintained the shares of MTB in report on Friday, October 9 with “Buy” rating. Keefe Bruyette & Woods downgraded the stock to “Market Perform” rating in Wednesday, October 21 report.

Grandfield & Dodd Llc, which manages about $885.55M and $890.73M US Long portfolio, decreased its stake in Vulcan Matls Co (NYSE:VMC) by 3,193 shares to 26,315 shares, valued at $3.15 million in 2017Q3, according to the filing. It also reduced its holding in Paypal Hldgs Inc by 10,863 shares in the quarter, leaving it with 298,909 shares, and cut its stake in Enbridge Inc (NYSE:ENB).

Investors sentiment increased to 1.09 in Q3 2017. Its up 0.19, from 0.9 in 2017Q2. It increased, as 28 investors sold MTB shares while 176 reduced holdings. 63 funds opened positions while 159 raised stakes. 112.44 million shares or 5.48% less from 118.95 million shares in 2017Q2 were reported. Advisory Networks Ltd Liability Corp holds 0% in M&T Bank Corporation (NYSE:MTB) or 118 shares. 1,315 are owned by Columbia Asset Mngmt. Bokf Na reported 0.01% of its portfolio in M&T Bank Corporation (NYSE:MTB). 11,825 are held by Franklin Resources. Gotham Asset Mngmt Ltd Company has invested 0.01% in M&T Bank Corporation (NYSE:MTB). Schwab Charles Invest Mgmt invested in 0.07% or 494,706 shares. Commonwealth Natl Bank Of Australia reported 0% stake. State Treasurer State Of Michigan invested 0.06% in M&T Bank Corporation (NYSE:MTB). Whittier Co Of Nevada Incorporated has 11,291 shares. Janney Capital Mgmt Ltd Llc has 1,436 shares for 0.01% of their portfolio. Fincl Prns Cap Ltd holds 5,330 shares. California State Teachers Retirement System has invested 0.09% in M&T Bank Corporation (NYSE:MTB). Sun Life Fin Incorporated stated it has 1,116 shares. Utah Retirement holds 0.1% of its portfolio in M&T Bank Corporation (NYSE:MTB) for 26,538 shares. 2,045 are owned by Welch & Forbes Limited Com.

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By1 Michael Collier

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