General Dynamics Co (GD) Shareholder Waters Parkerson & Company Decreased Stake; Sabal Trust Co Has Trimmed Its Bank Montreal Que (BMO) Holding by $5.36 Million; Share Value Declined

June 14, 2018 - By Stephen Andrade

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Waters Parkerson & Company decreased its stake in General Dynamics Co (GD) by 70.77% based on its latest 2018Q1 regulatory filing with the SEC. Waters Parkerson & Company sold 2,300 shares as the company’s stock declined 8.23% with the market. The institutional investor held 950 shares of the marine transportation company at the end of 2018Q1, valued at $210,000, down from 3,250 at the end of the previous reported quarter. Waters Parkerson & Company who had been investing in General Dynamics Co for a number of months, seems to be less bullish one the $58.15 billion market cap company. The stock decreased 2.03% or $4.06 during the last trading session, reaching $195.76. About 2.01M shares traded or 29.20% up from the average. General Dynamics Corporation (NYSE:GD) has risen 3.50% since June 14, 2017 and is uptrending. It has underperformed by 9.07% the S&P500. Some Historical GD News: 06/04/2018 – Moody’s withdraws ratings of CSRA; 23/03/2018 – Gulfstream Aerospace Extends Successful Student Program To Dallas-Fort Worth; 18/03/2018 – GENERAL DYNAMICS CORP GD.N – “BELIEVES STRONGLY THAT ITS PROPOSED ACQUISITION OF CSRA OFFERS BOTH SUPERIOR AND CERTAIN VALUE FOR CSRA SHAREHOLDERS”; 22/03/2018 – GD/@TSKGnkur: An F-16, located in the region for training purposes, did not crash in Nevşehir. – ! $GD; 18/03/2018 – ganadineroamerica: CACI seeks to break up General Dynamics’ acquisition of CSRA: sources (Reuters) – U.S. defense contractor; 24/04/2018 – GULFSTREAM AEROSPACE CORP SAYS ANNOUNCED PLANS TO BUILD A NEW SERVICE CENTER AT SAVANNAH/HILTON HEAD INTERNATIONAL AIRPORT; 21/03/2018 – General Dynamics at AUSA Global Force 2018: Modernizing and Equipping the Army for Today and Tomorrow; 29/05/2018 – Gulfstream Interiors And Seats Earn Design Awards; 02/04/2018 – Second Matson Containership Begins Construction at General Dynamics NASSCO; 25/04/2018 – GENERAL DYNAMICS SAYS AEROSPACE SALES LAGGED ON SHIPMENT TIMING

Sabal Trust Co decreased its stake in Bank Montreal Que (BMO) by 21.94% based on its latest 2018Q1 regulatory filing with the SEC. Sabal Trust Co sold 71,531 shares as the company’s stock declined 0.47% with the market. The institutional investor held 254,545 shares of the commercial banks company at the end of 2018Q1, valued at $19.24M, down from 326,076 at the end of the previous reported quarter. Sabal Trust Co who had been investing in Bank Montreal Que for a number of months, seems to be less bullish one the $50.01B market cap company. The stock decreased 0.78% or $0.61 during the last trading session, reaching $77.73. About 336,832 shares traded. Bank of Montreal (NYSE:BMO) has risen 15.71% since June 14, 2017 and is uptrending. It has outperformed by 3.14% the S&P500. Some Historical BMO News: 14/05/2018 – Chefs’ Warehouse at Bank of Montreal Conference May 17; 04/05/2018 – BMTC GROUP INC GBT.TO : BMO RAISES TARGET PRICE TO C$16 FROM C$15.50; 30/05/2018 – BMO Financial Group Increases Common Share Dividend By 3 Cents From The Prior Quarter, Up 7 Per Cent From The Prior Year; 04/05/2018 – BOMBARDIER BBDb.TO : BMO RAISES TARGET PRICE TO C$4.60 FROM C$4.50; 11/04/2018 – CONTINENTAL RESOURCES INC CLR.N : BMO RAISES TARGET PRICE TO $65 FROM $60; 16/05/2018 – Ingredion Presenting at Bank of Montreal Conference Tomorrow; 28/03/2018 – SARACEN MINERAL HOLDINGS LTD SAR.AX : BMO CUTS TO MARKET PERFORM FROM OUTPERFORM; 11/04/2018 – GRAND CANYON EDUCATION INC LOPE.O : BMO RAISES TARGET PRICE TO $112 FROM $101; 30/05/2018 – BMO CFO SAYS CLIENT-FACING JOBS NOT IMPACTED IN MEANINGFUL WAY; 28/05/2018 – Bank of Montreal Says Some Customer Data May Have Been Stolen

Waters Parkerson & Company, which manages about $1.24 billion and $1.14 billion US Long portfolio, upped its stake in Aflac Inc (NYSE:AFL) by 275,941 shares to 557,283 shares, valued at $24.39 million in 2018Q1, according to the filing. It also increased its holding in Rockwell Automation (NYSE:ROK) by 10,316 shares in the quarter, for a total of 153,568 shares, and has risen its stake in Ibm Corp (NYSE:IBM).

Among 22 analysts covering General Dynamics Corporation (NYSE:GD), 14 have Buy rating, 2 Sell and 6 Hold. Therefore 64% are positive. General Dynamics Corporation had 79 analyst reports since July 31, 2015 according to SRatingsIntel. The stock of General Dynamics Corporation (NYSE:GD) has “Buy” rating given on Friday, October 13 by Jefferies. The firm has “Outperform” rating given on Wednesday, August 10 by Bernstein. As per Friday, June 2, the company rating was maintained by RBC Capital Markets. The rating was maintained by Credit Suisse on Tuesday, February 13 with “Outperform”. Stifel Nicolaus maintained General Dynamics Corporation (NYSE:GD) rating on Monday, January 8. Stifel Nicolaus has “Hold” rating and $220.0 target. Cowen & Co maintained the shares of GD in report on Monday, July 17 with “Buy” rating. The stock of General Dynamics Corporation (NYSE:GD) has “Buy” rating given on Tuesday, January 23 by RBC Capital Markets. Cowen & Co maintained it with “Buy” rating and $21000 target in Wednesday, July 26 report. Robert W. Baird initiated the shares of GD in report on Thursday, October 6 with “Outperform” rating. The stock of General Dynamics Corporation (NYSE:GD) has “Buy” rating given on Wednesday, October 25 by Jefferies.

Analysts await General Dynamics Corporation (NYSE:GD) to report earnings on July, 25. They expect $2.56 earnings per share, up 4.49% or $0.11 from last year’s $2.45 per share. GD’s profit will be $760.40 million for 19.12 P/E if the $2.56 EPS becomes a reality. After $2.65 actual earnings per share reported by General Dynamics Corporation for the previous quarter, Wall Street now forecasts -3.40% negative EPS growth.

Investors sentiment decreased to 0.88 in Q1 2018. Its down 0.19, from 1.07 in 2017Q4. It fall, as 52 investors sold GD shares while 361 reduced holdings. 100 funds opened positions while 263 raised stakes. 230.81 million shares or 0.50% more from 229.66 million shares in 2017Q4 were reported. Brinker invested in 0.17% or 19,847 shares. Massmutual Tru Company Fsb Adv has invested 0% of its portfolio in General Dynamics Corporation (NYSE:GD). The Louisiana-based Waters Parkerson Comm Ltd Liability Corporation has invested 0.02% in General Dynamics Corporation (NYSE:GD). Ameriprise Fincl reported 3.50 million shares stake. Moneta Group Investment Llc accumulated 659 shares. Tiemann Inv Advsr Ltd Llc has 3,545 shares for 0.63% of their portfolio. Alliancebernstein Limited Partnership holds 423,467 shares or 0.07% of its portfolio. Oppenheimer Asset Mgmt Incorporated reported 2,364 shares. Victory Mngmt reported 0.01% of its portfolio in General Dynamics Corporation (NYSE:GD). Montag A And Associates stated it has 1,718 shares or 0.04% of all its holdings. Twin holds 19,670 shares. Cibc World Markets reported 0.21% in General Dynamics Corporation (NYSE:GD). Arrow Fincl holds 0.29% of its portfolio in General Dynamics Corporation (NYSE:GD) for 5,701 shares. Conning, Connecticut-based fund reported 9,246 shares. Parsec Financial Incorporated invested in 0.02% or 1,621 shares.

More news for General Dynamics Corporation (NYSE:GD) were recently published by: Seekingalpha.com, which released: “General Dynamics: Adequate Growth Potential” on May 23, 2018. Fool.com‘s article titled: “Is General Dynamics Corporation (GD) a Buy?” and published on June 01, 2018 is yet another important article.

Since February 14, 2018, it had 0 insider buys, and 8 selling transactions for $8.28 million activity. The insider KEANE JOHN M sold $389,574. $2.00 million worth of General Dynamics Corporation (NYSE:GD) was sold by CASEY JOHN PATRICK. On Friday, February 23 LYLES LESTER L sold $1.15 million worth of General Dynamics Corporation (NYSE:GD) or 5,210 shares. Another trade for 3,585 shares valued at $814,050 was sold by Roualet Mark C.. Another trade for 5,977 shares valued at $1.34 million was made by Whited Gary L on Tuesday, March 6.

Sabal Trust Co, which manages about $1.05 billion US Long portfolio, upped its stake in International Business Machs (NYSE:IBM) by 16,047 shares to 167,053 shares, valued at $25.63M in 2018Q1, according to the filing. It also increased its holding in Jpmorgan Chase & Co (NYSE:JPM) by 214,855 shares in the quarter, for a total of 218,587 shares, and has risen its stake in Starbucks Corp (NASDAQ:SBUX).

More notable recent Bank of Montreal (NYSE:BMO) news were published by: Seekingalpha.com which released: “Bank of Montreal (BMO) CEO Darryl White on Q2 2018 Results – Earnings Call Transcript” on May 31, 2018, also Seekingalpha.com with their article: “Bank cyber attacks reported in Canada” published on May 29, 2018, Seekingalpha.com published: “BMO boosts dividend, gets buyback approval, Q2 adj. EPS beats consensus” on May 30, 2018. More interesting news about Bank of Montreal (NYSE:BMO) were released by: Fool.ca and their article: “Can Anyone Knock BMO off the ETF Mantle?” published on May 25, 2018 as well as Seekingalpha.com‘s news article titled: “If You Want To Own Your Bank, Consider Scotiabank” with publication date: June 04, 2018.

Among 13 analysts covering Bank Of Montreal (NYSE:BMO), 4 have Buy rating, 0 Sell and 9 Hold. Therefore 31% are positive. Bank Of Montreal had 29 analyst reports since August 4, 2015 according to SRatingsIntel. The stock of Bank of Montreal (NYSE:BMO) earned “Buy” rating by TD Securities on Thursday, June 1. Citigroup upgraded the shares of BMO in report on Thursday, May 18 to “Buy” rating. Barclays Capital upgraded Bank of Montreal (NYSE:BMO) on Tuesday, May 23 to “Equal-Weight” rating. The firm has “Sector Perform” rating by RBC Capital Markets given on Wednesday, August 26. The rating was maintained by Scotia Capital with “Sector Perform” on Wednesday, August 26. The firm has “Neutral” rating by Bank of America given on Tuesday, November 1. The stock has “Sector Perform” rating by Scotia Capital on Thursday, May 26. The stock of Bank of Montreal (NYSE:BMO) has “Hold” rating given on Thursday, May 26 by Canaccord Genuity. On Thursday, May 25 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. As per Thursday, February 15, the company rating was upgraded by Macquarie Research.

Analysts await Bank of Montreal (NYSE:BMO) to report earnings on September, 4. They expect $1.78 earnings per share, up 16.34% or $0.25 from last year’s $1.53 per share. BMO’s profit will be $1.15 billion for 10.92 P/E if the $1.78 EPS becomes a reality. After $1.74 actual earnings per share reported by Bank of Montreal for the previous quarter, Wall Street now forecasts 2.30% EPS growth.

General Dynamics Corporation (NYSE:GD) Institutional Positions Chart

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