Clear Harbor Asset Management Stake in Smucker J M Co (SJM) Has Lowered by $387,748 as Market Value Declined; As Oneok (OKE) Market Value Rose, Shareholder Huntington Steele Lowered Its Position by $991,259

May 22, 2018 - By Louis Casey

ONEOK, Inc. (NYSE:OKE) Logo

Clear Harbor Asset Management Llc decreased its stake in Smucker J M Co (SJM) by 32.94% based on its latest 2017Q4 regulatory filing with the SEC. Clear Harbor Asset Management Llc sold 3,127 shares as the company’s stock declined 2.24% with the market. The institutional investor held 6,365 shares of the packaged foods company at the end of 2017Q4, valued at $791,000, down from 9,492 at the end of the previous reported quarter. Clear Harbor Asset Management Llc who had been investing in Smucker J M Co for a number of months, seems to be less bullish one the $12.30B market cap company. The stock increased 0.32% or $0.35 during the last trading session, reaching $108.29. About 896,839 shares traded. The J. M. Smucker Company (NYSE:SJM) has declined 7.89% since May 22, 2017 and is downtrending. It has underperformed by 19.44% the S&P500.

Huntington Steele Llc decreased its stake in Oneok Inc (OKE) by 39.07% based on its latest 2017Q4 regulatory filing with the SEC. Huntington Steele Llc sold 18,703 shares as the company’s stock rose 7.05% while stock markets declined. The institutional investor held 29,165 shares of the public utilities company at the end of 2017Q4, valued at $1.56M, down from 47,868 at the end of the previous reported quarter. Huntington Steele Llc who had been investing in Oneok Inc for a number of months, seems to be less bullish one the $27.33 billion market cap company. The stock increased 0.33% or $0.22 during the last trading session, reaching $66.49. About 1.94 million shares traded. ONEOK, Inc. (NYSE:OKE) has risen 7.29% since May 22, 2017 and is uptrending. It has underperformed by 4.26% the S&P500.

Investors sentiment increased to 0.94 in Q4 2017. Its up 0.05, from 0.89 in 2017Q3. It increased, as 53 investors sold SJM shares while 236 reduced holdings. 94 funds opened positions while 179 raised stakes. 84.66 million shares or 1.41% more from 83.48 million shares in 2017Q3 were reported. Caisse De Depot Et Placement Du Quebec holds 0.01% or 25,049 shares. 192 are held by Baystate Wealth Mgmt. Cibc Asset Mngmt Inc has invested 0.01% in The J. M. Smucker Company (NYSE:SJM). Covington Cap has 0.14% invested in The J. M. Smucker Company (NYSE:SJM). Moreover, Louisiana State Employees Retirement System has 0.04% invested in The J. M. Smucker Company (NYSE:SJM) for 6,900 shares. American Rech And has invested 0.01% in The J. M. Smucker Company (NYSE:SJM). Saturna Corp has 0.7% invested in The J. M. Smucker Company (NYSE:SJM). Jnba Fincl Advsr stated it has 78 shares or 0% of all its holdings. Raymond James Financial Ser Advsr Inc stated it has 35,523 shares. Regions Financial owns 5,877 shares. Autus Asset Management Ltd Liability Corporation owns 0.14% invested in The J. M. Smucker Company (NYSE:SJM) for 6,135 shares. Dimensional Fund Advisors Limited Partnership has 0.09% invested in The J. M. Smucker Company (NYSE:SJM) for 1.76M shares. Segall Bryant Hamill Ltd Co holds 33,681 shares or 0.09% of its portfolio. Roberts Glore & Il holds 0.21% or 2,748 shares. M&T National Bank & Trust Corporation holds 0.06% or 89,037 shares in its portfolio.

Among 20 analysts covering J. M. Smucker Company (NYSE:SJM), 6 have Buy rating, 5 Sell and 9 Hold. Therefore 30% are positive. J. M. Smucker Company had 74 analyst reports since August 19, 2015 according to SRatingsIntel. As per Tuesday, October 3, the company rating was maintained by Jefferies. The firm earned “Buy” rating on Thursday, April 5 by Citigroup. The rating was maintained by Jefferies with “Buy” on Monday, October 30. Stephens downgraded the stock to “Equal-Weight” rating in Wednesday, July 19 report. Credit Suisse upgraded it to “Outperform” rating and $125 target in Wednesday, August 19 report. The stock has “Buy” rating by Jefferies on Friday, November 17. The firm has “Neutral” rating by Credit Suisse given on Friday, August 25. The stock of The J. M. Smucker Company (NYSE:SJM) earned “Hold” rating by Stifel Nicolaus on Thursday, August 24. The firm earned “Underperform” rating on Monday, April 16 by Credit Suisse. On Thursday, May 26 the stock rating was initiated by KeyBanc Capital Markets with “Sector Weight”.

Clear Harbor Asset Management Llc, which manages about $493.82M and $531.63M US Long portfolio, upped its stake in Himax Technologies Inc (NASDAQ:HIMX) by 140,880 shares to 159,800 shares, valued at $1.67M in 2017Q4, according to the filing. It also increased its holding in Apple Inc (NASDAQ:AAPL) by 92,711 shares in the quarter, for a total of 93,011 shares, and has risen its stake in Qorvo Inc.

Analysts await The J. M. Smucker Company (NYSE:SJM) to report earnings on June, 14. They expect $2.21 earnings per share, up 22.78% or $0.41 from last year’s $1.8 per share. SJM’s profit will be $251.06M for 12.25 P/E if the $2.21 EPS becomes a reality. After $2.50 actual earnings per share reported by The J. M. Smucker Company for the previous quarter, Wall Street now forecasts -11.60% negative EPS growth.

More important recent The J. M. Smucker Company (NYSE:SJM) news were published by: Investorplace.com which released: “5 Top Stock Trades for Friday Morning” on May 10, 2018, also Seekingalpha.com published article titled: “Packaged food stocks follow Campbell Soup lower”, Investorplace.com published: “5 Top Stock Trades for Tuesday Morning” on May 21, 2018. More interesting news about The J. M. Smucker Company (NYSE:SJM) was released by: Investorplace.com and their article: “7 Consumer Goods Stocks That Will Rise Again” with publication date: May 11, 2018.

Analysts await ONEOK, Inc. (NYSE:OKE) to report earnings on August, 7. They expect $0.64 earnings per share, up 93.94% or $0.31 from last year’s $0.33 per share. OKE’s profit will be $263.08M for 25.97 P/E if the $0.64 EPS becomes a reality. After $0.64 actual earnings per share reported by ONEOK, Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Investors sentiment decreased to 1.18 in 2017 Q4. Its down 1.64, from 2.82 in 2017Q3. It turned negative, as 49 investors sold OKE shares while 194 reduced holdings. 76 funds opened positions while 211 raised stakes. 270.44 million shares or 2.16% more from 264.73 million shares in 2017Q3 were reported. Fifth Third Bankshares invested in 5,871 shares. Three Peaks Cap Mngmt Lc accumulated 50,691 shares. Howe Rusling invested in 0.71% or 73,577 shares. Community Bank & Trust Na holds 0% in ONEOK, Inc. (NYSE:OKE) or 394 shares. Checchi Cap Advisers Limited Liability Corp holds 4,909 shares. Meag Munich Ergo Kapitalanlagegesellschaft Mbh reported 18,194 shares. Oregon Public Employees Retirement Fund invested 0.04% in ONEOK, Inc. (NYSE:OKE). Welch Ltd Liability Corp has invested 0.09% in ONEOK, Inc. (NYSE:OKE). Texas Permanent School Fund stated it has 104,675 shares. Franklin Resources has invested 0% in ONEOK, Inc. (NYSE:OKE). Foster And Motley Inc reported 13,972 shares or 0.12% of all its holdings. Crawford Counsel stated it has 0.44% of its portfolio in ONEOK, Inc. (NYSE:OKE). Kentucky Retirement System Insur Tru Fund owns 10,183 shares for 0.09% of their portfolio. First Trust Advsr Limited Partnership stated it has 93,481 shares. Norinchukin State Bank The, a Japan-based fund reported 33,458 shares.

More important recent ONEOK, Inc. (NYSE:OKE) news were published by: 247Wallst.com which released: “Top Energy Stock Returns to Jefferies Franchise Picks List After Massive Deal” on May 07, 2018, also Seekingalpha.com published article titled: “Transco Dumps Its MLP”, Seekingalpha.com published: “ONEOK, Inc. 2018 Q1 – Results – Earnings Call Slides” on May 02, 2018. More interesting news about ONEOK, Inc. (NYSE:OKE) was released by: Seekingalpha.com and their article: “ONEOK’s (OKE) CEO Terry Spencer on Q1 2018 Results – Earnings Call Transcript” with publication date: May 02, 2018.

The J. M. Smucker Company (NYSE:SJM) Institutional Positions Chart

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By1 Louis Casey

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