Plains All American Pipeline Unt (PAA) Holder Starr International Co Lifted Position; Fragasso Group Has Lowered Its Amgen (AMGN) Stake as Stock Price Declined

February 22, 2018 - By Winifred Garcia

Starr International Co Inc increased its stake in Plains All American Pipeline Unt (PAA) by 9.09% based on its latest 2017Q3 regulatory filing with the SEC. Starr International Co Inc bought 15,000 shares as the company’s stock declined 10.37% while stock markets rallied. The institutional investor held 180,000 shares of the energy company at the end of 2017Q3, valued at $3.81M, up from 165,000 at the end of the previous reported quarter. Starr International Co Inc who had been investing in Plains All American Pipeline Unt for a number of months, seems to be bullish on the $15.21B market cap company. The stock decreased 2.01% or $0.43 during the last trading session, reaching $20.97. About 2.54M shares traded. Plains All American Pipeline, L.P. (NYSE:PAA) has risen 11.50% since February 22, 2017 and is uptrending. It has underperformed by 5.20% the S&P500.

Fragasso Group Inc decreased its stake in Amgen Inc (AMGN) by 22.27% based on its latest 2017Q3 regulatory filing with the SEC. Fragasso Group Inc sold 4,630 shares as the company’s stock declined 9.68% while stock markets rallied. The institutional investor held 16,163 shares of the biological products (no diagnostic substances) company at the end of 2017Q3, valued at $2.96 million, down from 20,793 at the end of the previous reported quarter. Fragasso Group Inc who had been investing in Amgen Inc for a number of months, seems to be less bullish one the $131.47B market cap company. The stock increased 0.01% or $0.02 during the last trading session, reaching $182.45. About 3.79 million shares traded or 10.16% up from the average. Amgen Inc. (NASDAQ:AMGN) has risen 5.27% since February 22, 2017 and is uptrending. It has underperformed by 11.43% the S&P500.

Among 30 analysts covering Plains All American Pipeline LP (NYSE:PAA), 12 have Buy rating, 1 Sell and 17 Hold. Therefore 40% are positive. Plains All American Pipeline LP had 106 analyst reports since August 6, 2015 according to SRatingsIntel. The rating was upgraded by Robert W. Baird on Thursday, December 10 to “Outperform”. The stock has “Equal-Weight” rating by Barclays Capital on Wednesday, January 17. Mizuho upgraded the stock to “Buy” rating in Monday, July 10 report. Scotia Capital maintained Plains All American Pipeline, L.P. (NYSE:PAA) on Friday, April 28 with “Buy” rating. The rating was downgraded by Robert W. Baird to “Underperform” on Monday, February 8. Stifel Nicolaus maintained Plains All American Pipeline, L.P. (NYSE:PAA) on Thursday, February 8 with “Hold” rating. The stock of Plains All American Pipeline, L.P. (NYSE:PAA) has “Neutral” rating given on Thursday, November 5 by Credit Suisse. Jefferies maintained the shares of PAA in report on Thursday, June 22 with “Hold” rating. The firm has “Hold” rating given on Monday, August 7 by RBC Capital Markets. Jefferies maintained Plains All American Pipeline, L.P. (NYSE:PAA) rating on Friday, January 12. Jefferies has “Buy” rating and $25.0 target.

Investors sentiment decreased to 0.63 in 2017 Q3. Its down 0.42, from 1.05 in 2017Q2. It dropped, as 62 investors sold PAA shares while 124 reduced holdings. 35 funds opened positions while 82 raised stakes. 303.49 million shares or 3.28% more from 293.86 million shares in 2017Q2 were reported. Commonwealth Of Pennsylvania Public School Empls Retrmt owns 3.55 million shares or 1.11% of their US portfolio. Staley Advisers Inc, Pennsylvania-based fund reported 50,000 shares. Moreover, California Public Employees Retirement System has 0.05% invested in Plains All American Pipeline, L.P. (NYSE:PAA). Next Financial Grp Incorporated Incorporated holds 1,359 shares. Da Davidson & Communication has invested 0.01% in Plains All American Pipeline, L.P. (NYSE:PAA). Tortoise Cap Limited Liability Company owns 30.70 million shares or 4.25% of their US portfolio. Wealthtrust invested in 10,000 shares. Kayne Anderson Capital Advisors Limited Partnership reported 10.70M shares. Srb Corporation has 330,935 shares for 0.93% of their portfolio. Us Comml Bank De accumulated 68,245 shares. Alliancebernstein Lp has invested 0% in Plains All American Pipeline, L.P. (NYSE:PAA). Cibc Asset Management Inc owns 0% invested in Plains All American Pipeline, L.P. (NYSE:PAA) for 24,517 shares. Goldman Sachs Grp holds 27.41 million shares. Keybank Association Oh stated it has 47,819 shares. Adell Harriman Carpenter holds 0.06% in Plains All American Pipeline, L.P. (NYSE:PAA) or 12,265 shares.

Analysts await Amgen Inc. (NASDAQ:AMGN) to report earnings on April, 25. They expect $3.20 earnings per share, up 1.59% or $0.05 from last year’s $3.15 per share. AMGN’s profit will be $2.31 billion for 14.25 P/E if the $3.20 EPS becomes a reality. After $2.89 actual earnings per share reported by Amgen Inc. for the previous quarter, Wall Street now forecasts 10.73% EPS growth.

Among 25 analysts covering Amgen Inc. (NASDAQ:AMGN), 11 have Buy rating, 0 Sell and 14 Hold. Therefore 44% are positive. Amgen Inc. had 86 analyst reports since August 3, 2015 according to SRatingsIntel. UBS maintained the shares of AMGN in report on Wednesday, July 26 with “Neutral” rating. Deutsche Bank maintained the shares of AMGN in report on Friday, July 31 with “Buy” rating. The firm has “Buy” rating by Argus Research given on Monday, February 8. The stock of Amgen Inc. (NASDAQ:AMGN) earned “Buy” rating by Cowen & Co on Thursday, February 1. The rating was maintained by BMO Capital Markets on Friday, February 2 with “Market Perform”. The firm earned “Outperform” rating on Friday, July 31 by RBC Capital Markets. As per Friday, October 20, the company rating was maintained by BMO Capital Markets. Oppenheimer maintained it with “Buy” rating and $18900 target in Monday, June 19 report. The rating was maintained by Piper Jaffray with “Buy” on Thursday, January 18. The company was maintained on Friday, February 2 by PiperJaffray.

Investors sentiment decreased to 0.99 in Q3 2017. Its down 0.16, from 1.15 in 2017Q2. It dropped, as 58 investors sold AMGN shares while 511 reduced holdings. 108 funds opened positions while 453 raised stakes. 555.05 million shares or 0.41% less from 557.32 million shares in 2017Q2 were reported. Bragg Advsr invested in 41,722 shares. Moreover, Malaga Cove Ltd has 3.27% invested in Amgen Inc. (NASDAQ:AMGN). 3,927 were accumulated by Hollencrest Ltd Llc. Assetmark Inc invested 0.24% of its portfolio in Amgen Inc. (NASDAQ:AMGN). Meiji Yasuda Asset Mngmt holds 18,339 shares. Moreover, Parkside Fincl Fincl Bank has 0.12% invested in Amgen Inc. (NASDAQ:AMGN). M Secs has 3,046 shares for 0.18% of their portfolio. Comm State Bank invested in 151,233 shares. Davis R M holds 0.05% or 6,164 shares. Sawgrass Asset Limited Liability Corporation invested in 0.85% or 93,165 shares. Fincl Advisory Service reported 0.36% of its portfolio in Amgen Inc. (NASDAQ:AMGN). Moreover, Swiss Savings Bank has 0.58% invested in Amgen Inc. (NASDAQ:AMGN) for 2.71M shares. 25,639 are owned by Stephens Incorporated Ar. Franklin Inc has 6.97 million shares. Minnesota-based Accredited has invested 0.08% in Amgen Inc. (NASDAQ:AMGN).

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By1 Winifred Garcia

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