Parker Hannifin (PH) Position Raised by Lodge Hill Capital Llc; Mackenzie Financial Position in …

Mackenzie Financial Corp decreased its stake in Grainger W W Inc (GWW) by 38.56% based on its latest 2018Q4 regulatory filing with the SEC.

Parker-Hannifin Corporation (NYSE:PH) Logo

Mackenzie Financial Corp decreased its stake in Grainger W W Inc (GWW) by 38.56% based on its latest 2018Q4 regulatory filing with the SEC. Mackenzie Financial Corp sold 312,663 shares as the company’s stock declined 2.92% while stock markets rallied. The hedge fund held 498,237 shares of the consumer services company at the end of 2018Q4, valued at $140.68 million, down from 810,900 at the end of the previous reported quarter. Mackenzie Financial Corp who had been investing in Grainger W W Inc for a number of months, seems to be less bullish one the $17.31B market cap company. The stock increased 3.43% or $10.33 during the last trading session, reaching $311.26. About 509,324 shares traded or 7.27% up from the average. W.W. Grainger, Inc. (NYSE:GWW) has risen 18.34% since April 2, 2018 and is uptrending. It has outperformed by 13.97% the S&P500. Some Historical GWW News: 19/04/2018 – WW Grainger 1Q Net $231.5M; 02/04/2018 – W W GRAINGER INC GWW.N SAYS CFO RON JADIN TO RETIRE; 25/04/2018 – WW Grainger Raises Dividend to $1.36; 09/04/2018 – W W GRAINGER INC GWW.N : BMO RAISES TARGET PRICE TO $247 FROM $242; 19/04/2018 – WW Grainger Raises 2018 View To EPS $14.30-EPS $15.30; 25/04/2018 – Grainger’s Shareholders Elect 11 Directors And Other Meeting Highlights; 25/04/2018 – Grainger Increases Quarterly Dividend By 6.3 Percent; 23/04/2018 – W W GRAINGER INC GWW.N : UBS RAISES TARGET PRICE TO $240 FROM $220; 15/05/2018 – JANA PARTNERS LLC – CHANGE IN HOLDINGS ARE AS OF MARCH 31, 2018 AND COMPARED WITH THE PREVIOUS QUARTER ENDED AS OF DEC 31, 2017; 19/04/2018 – WW Grainger Raises Year Sales Guidance to Range of 5% to 8%

Lodge Hill Capital Llc increased its stake in Parker Hannifin Corp (PH) by 167.02% based on its latest 2018Q4 regulatory filing with the SEC. Lodge Hill Capital Llc bought 41,755 shares as the company’s stock rose 3.34% with the market. The hedge fund held 66,755 shares of the metal fabrications company at the end of 2018Q4, valued at $9.96 million, up from 25,000 at the end of the previous reported quarter. Lodge Hill Capital Llc who had been investing in Parker Hannifin Corp for a number of months, seems to be bullish on the $23.01 billion market cap company. The stock increased 3.64% or $6.25 during the last trading session, reaching $177.87. About 960,612 shares traded or 6.66% up from the average. Parker-Hannifin Corporation (NYSE:PH) has declined 1.54% since April 2, 2018 and is downtrending. It has underperformed by 5.91% the S&P500. Some Historical PH News: 22/03/2018 – Parker-Hannifin Closes Below 200-Day Moving Average: Technicals; 21/04/2018 – DJ Parker-Hannifin Corporation, Inst Holders, 1Q 2018 (PH); 19/04/2018 – Parker Increases Quarterly Cash Dividend; 30/04/2018 – Parker Hannifin: Global Facet Filtration Business Has About 260 Employees; 26/04/2018 – PARKER-HANNIFIN CORP – FISCAL 2018 FULL YEAR EARNINGS GUIDANCE INCREASED; 26/04/2018 – Parker-Hannifin 3Q EPS $2.70; 08/03/2018 – PARKER-HANNIFIN PH.N : JP MORGAN SAYS CO UPDATED FY’20 CLARCOR SYNERGY TARGETS; ANNUAL COST SYNERGIES NOW PROJECTED TO BE $160MM BY FY’20 (UP FROM $140MM); 26/04/2018 – PARKER-HANNIFIN SEES FY ADJ EPS $9.95 TO $10.15, EST. $9.97; 15/05/2018 – Adama Technologies Announces Plan to Pursue Contracts With Boeing, Lockheed Martin and Parker Hannifin; 30/04/2018 – Parker Hannifin: Global Facet Filtration Business Has Annual Rev of About $60M

Another recent and important W.W. Grainger, Inc. (NYSE:GWW) news was published by Seekingalpha.com which published an article titled: “More on W.W. Grainger’s Q4 mixed results – Seeking Alpha” on January 24, 2019.

Analysts await W.W. Grainger, Inc. (NYSE:GWW) to report earnings on April, 18. They expect $4.44 earnings per share, up 6.22% or $0.26 from last year’s $4.18 per share. GWW’s profit will be $246.88M for 17.53 P/E if the $4.44 EPS becomes a reality. After $3.96 actual earnings per share reported by W.W. Grainger, Inc. for the previous quarter, Wall Street now forecasts 12.12% EPS growth.

Investors sentiment decreased to 0.74 in Q4 2018. Its down 0.07, from 0.81 in 2018Q3. It fall, as 73 investors sold GWW shares while 189 reduced holdings. 55 funds opened positions while 139 raised stakes. 46.01 million shares or 10.63% more from 41.59 million shares in 2018Q3 were reported. Guardian Life Of America accumulated 0.01% or 127 shares. Da Davidson Company holds 0.02% or 2,818 shares in its portfolio. Macquarie Grp Limited, a Australia-based fund reported 61,440 shares. Amundi Pioneer Asset Management has invested 0.01% in W.W. Grainger, Inc. (NYSE:GWW). Ameritas Inc owns 0.01% invested in W.W. Grainger, Inc. (NYSE:GWW) for 835 shares. Bridges Mgmt Inc holds 0.01% or 1,056 shares. Alliancebernstein Limited Partnership holds 0.02% or 110,373 shares. 2,210 were reported by Kornitzer Capital Mgmt Incorporated Ks. Ubs Asset Americas holds 0% or 223,033 shares. Lincoln Corp has invested 0.01% in W.W. Grainger, Inc. (NYSE:GWW). 11,821 were accumulated by State Of Tennessee Treasury Department. Bluemountain Capital Management Ltd Llc holds 0.06% of its portfolio in W.W. Grainger, Inc. (NYSE:GWW) for 8,033 shares. New York-based Brown Brothers Harriman And has invested 0.03% in W.W. Grainger, Inc. (NYSE:GWW). Barclays Public Lc holds 0.01% or 68,042 shares. Hall Laurie J Trustee reported 1,040 shares.

Mackenzie Financial Corp, which manages about $61.70 billion and $38.04 billion US Long portfolio, upped its stake in Cit Group Inc (NYSE:CIT) by 39,577 shares to 52,410 shares, valued at $2.01 million in 2018Q4, according to the filing. It also increased its holding in 3M Co (NYSE:MMM) by 9,212 shares in the quarter, for a total of 70,582 shares, and has risen its stake in Bank Montreal Que (NYSE:BMO).

Since February 7, 2019, it had 0 insider purchases, and 3 sales for $355,325 activity. $54,806 worth of stock was sold by Gentile Thomas C on Wednesday, February 13. Shares for $150,178 were sold by OBOURN CANDY M on Thursday, February 7.

Lodge Hill Capital Llc, which manages about $208.28 million and $361.49 million US Long portfolio, decreased its stake in Ball Corp (NYSE:BLL) by 400,000 shares to 50,000 shares, valued at $2.30M in 2018Q4, according to the filing. It also reduced its holding in Caterpillar Inc Del (Call) (NYSE:CAT) by 211,800 shares in the quarter, leaving it with 414,200 shares, and cut its stake in Aptiv Plc.

Parker-Hannifin Corporation (NYSE:PH) Institutional Positions Chart

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Mackenzie Financial Corp Acquires 6292 Shares of First Data Corp (FDC)

AQR Capital Management LLC boosted its holdings in shares of First Data by 669.5% in the 3rd quarter. AQR Capital Management LLC now owns …

First Data logoMackenzie Financial Corp raised its stake in First Data Corp (NYSE:FDC) by 69.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,353 shares of the business services provider’s stock after buying an additional 6,292 shares during the period. Mackenzie Financial Corp’s holdings in First Data were worth $260,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of FDC. AQR Capital Management LLC boosted its holdings in shares of First Data by 669.5% in the 3rd quarter. AQR Capital Management LLC now owns 106,849 shares of the business services provider’s stock valued at $2,615,000 after purchasing an additional 92,963 shares during the last quarter. IFP Advisors Inc boosted its holdings in shares of First Data by 23.8% in the 4th quarter. IFP Advisors Inc now owns 51,781 shares of the business services provider’s stock valued at $877,000 after purchasing an additional 9,938 shares during the last quarter. GAM Holding AG boosted its holdings in shares of First Data by 57.8% in the 3rd quarter. GAM Holding AG now owns 48,155 shares of the business services provider’s stock valued at $1,178,000 after purchasing an additional 17,644 shares during the last quarter. Boston Advisors LLC boosted its holdings in shares of First Data by 28.5% in the 4th quarter. Boston Advisors LLC now owns 57,795 shares of the business services provider’s stock valued at $977,000 after purchasing an additional 12,831 shares during the last quarter. Finally, FNY Investment Advisers LLC acquired a new position in shares of First Data in the 4th quarter valued at $42,000. 56.67% of the stock is owned by institutional investors.

Shares of FDC traded up $0.04 during midday trading on Thursday, hitting $26.12. The company had a trading volume of 4,007,300 shares, compared to its average volume of 14,960,495. The company has a market capitalization of $24.45 billion, a P/E ratio of 21.60, a PEG ratio of 1.37 and a beta of 2.28. First Data Corp has a 52 week low of $14.73 and a 52 week high of $26.62. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.02 and a current ratio of 1.02.

First Data (NYSE:FDC) last posted its quarterly earnings results on Wednesday, February 6th. The business services provider reported $0.38 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.06. First Data had a net margin of 10.58% and a return on equity of 18.14%. The business had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.19 billion. During the same period in the previous year, the business posted $0.44 EPS. The company’s quarterly revenue was up 2.9% on a year-over-year basis. As a group, sell-side analysts expect that First Data Corp will post 1.39 earnings per share for the current fiscal year.

A number of equities analysts have recently commented on the stock. ValuEngine raised shares of First Data from a “sell” rating to a “hold” rating in a research note on Wednesday, November 28th. Robert W. Baird reissued a “buy” rating and issued a $22.00 target price on shares of First Data in a research note on Monday, December 17th. Piper Jaffray Companies reissued a “buy” rating and issued a $25.00 target price on shares of First Data in a research note on Monday, December 24th. KeyCorp cut their target price on shares of First Data from $25.00 to $20.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 2nd. They noted that the move was a valuation call. Finally, Stephens downgraded shares of First Data from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $25.00 to $20.00 in a research note on Thursday, January 3rd. Twenty investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $25.17.

In other First Data news, insider Daniel J. Charron sold 74,600 shares of the business’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $25.62, for a total transaction of $1,911,252.00. Following the completion of the transaction, the insider now directly owns 432,951 shares of the company’s stock, valued at approximately $11,092,204.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ivo M. Distelbrink sold 20,000 shares of the business’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $25.36, for a total transaction of $507,200.00. Following the transaction, the insider now directly owns 274,114 shares of the company’s stock, valued at $6,951,531.04. The disclosure for this sale can be found here. Insiders sold a total of 375,384 shares of company stock valued at $9,680,575 over the last ninety days. Company insiders own 5.60% of the company’s stock.

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First Data Company Profile

First Data Corporation provides electronic commerce solutions for merchants, financial institutions, and card issuers worldwide. It operates through three segments: Global Business Solutions (GBS), Global Financial Solutions (GFS), and Network & Security Solutions (NSS). The GBS segment offers retail point-of-sale merchant acquiring and e-commerce services; and mobile payment services, as well as its cloud-based Clover point-of-sale operating system, which includes a marketplace for proprietary and third-party business applications.

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Institutional Ownership by Quarter for First Data (NYSE:FDC)

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Moelis & Co (NYSE:MC) Shares Sold by Mackenzie Financial Corp

Finally, WINTON GROUP Ltd grew its holdings in shares of Moelis & Co by 32.0% in the third quarter. WINTON GROUP Ltd now owns 19,969 shares …

Moelis & Co logoMackenzie Financial Corp lowered its holdings in shares of Moelis & Co (NYSE:MC) by 81.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 16,141 shares of the asset manager’s stock after selling 71,800 shares during the period. Mackenzie Financial Corp’s holdings in Moelis & Co were worth $555,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. Bank of New York Mellon Corp grew its holdings in Moelis & Co by 5.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 442,433 shares of the asset manager’s stock valued at $25,947,000 after buying an additional 24,688 shares in the last quarter. Xact Kapitalforvaltning AB grew its holdings in shares of Moelis & Co by 25.7% in the third quarter. Xact Kapitalforvaltning AB now owns 6,851 shares of the asset manager’s stock valued at $375,000 after purchasing an additional 1,400 shares in the last quarter. State Board of Administration of Florida Retirement System grew its holdings in shares of Moelis & Co by 104.0% in the third quarter. State Board of Administration of Florida Retirement System now owns 8,409 shares of the asset manager’s stock valued at $461,000 after purchasing an additional 4,286 shares in the last quarter. Synovus Financial Corp grew its holdings in shares of Moelis & Co by 16.9% in the third quarter. Synovus Financial Corp now owns 11,714 shares of the asset manager’s stock valued at $642,000 after purchasing an additional 1,691 shares in the last quarter. Finally, WINTON GROUP Ltd grew its holdings in shares of Moelis & Co by 32.0% in the third quarter. WINTON GROUP Ltd now owns 19,969 shares of the asset manager’s stock valued at $1,094,000 after purchasing an additional 4,839 shares in the last quarter. 75.64% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts recently weighed in on MC shares. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $43.00 target price on shares of Moelis & Co in a report on Friday, January 4th. Morgan Stanley cut their target price on shares of Moelis & Co from $59.00 to $46.00 and set an “equal weight” rating for the company in a report on Tuesday, January 8th. Sandler O’Neill raised shares of Moelis & Co from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a report on Friday, December 7th. Finally, ValuEngine lowered shares of Moelis & Co from a “hold” rating to a “sell” rating in a report on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $54.67.

NYSE MC traded up $1.97 on Tuesday, hitting $42.43. 779,500 shares of the stock were exchanged, compared to its average volume of 528,872. The firm has a market capitalization of $2.26 billion, a price-to-earnings ratio of 14.14, a PEG ratio of 1.25 and a beta of 2.01. Moelis & Co has a 52-week low of $32.66 and a 52-week high of $67.65.

Moelis & Co (NYSE:MC) last released its earnings results on Wednesday, February 6th. The asset manager reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.10. Moelis & Co had a return on equity of 57.34% and a net margin of 15.88%. The business had revenue of $238.30 million during the quarter, compared to the consensus estimate of $224.54 million. During the same period last year, the company earned $0.52 earnings per share. The business’s revenue for the quarter was up 40.8% compared to the same quarter last year. As a group, research analysts anticipate that Moelis & Co will post 2.94 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Tuesday, February 19th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 4.71%. This is an increase from Moelis & Co’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Friday, February 15th. Moelis & Co’s dividend payout ratio (DPR) is 66.67%.

TRADEMARK VIOLATION NOTICE: “Moelis & Co (NYSE:MC) Shares Sold by Mackenzie Financial Corp” was originally reported by Fairfield Current and is owned by of Fairfield Current. If you are reading this story on another website, it was illegally copied and republished in violation of US and international trademark & copyright legislation. The correct version of this story can be read at https://www.fairfieldcurrent.com/news/2019/03/26/mackenzie-financial-corp-cuts-stake-in-moelis-co-mc.html.

Moelis & Co Company Profile

Moelis & Company is a global investment bank. The firm provides services relating to mergers & acquisitions, recapitalization & restructuring, capital markets and financial institution advisory; private funds; shareholder defense and strategic alliances. The firm’s expertise is into global energy; IPO advisory; technology, media, telecommunication sectors.

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Institutional Ownership by Quarter for Moelis & Co (NYSE:MC)

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Mackenzie Financial Corp Boosts Position in Cboe Global Markets Inc (NASDAQ:CBOE)

Mackenzie Financial Corp boosted its position in shares of Cboe Global Markets Inc (NASDAQ:CBOE) by 511.9% in the fourth quarter, according to …

Cboe Global Markets logoMackenzie Financial Corp boosted its position in shares of Cboe Global Markets Inc (NASDAQ:CBOE) by 511.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,702 shares of the financial services provider’s stock after purchasing an additional 36,560 shares during the period. Mackenzie Financial Corp’s holdings in Cboe Global Markets were worth $4,275,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Cullen Frost Bankers Inc. increased its position in shares of Cboe Global Markets by 127.1% in the fourth quarter. Cullen Frost Bankers Inc. now owns 76,731 shares of the financial services provider’s stock worth $7,507,000 after acquiring an additional 42,938 shares in the last quarter. Cognios Capital LLC increased its position in shares of Cboe Global Markets by 28.9% in the fourth quarter. Cognios Capital LLC now owns 21,541 shares of the financial services provider’s stock worth $2,106,000 after acquiring an additional 4,835 shares in the last quarter. Brookstone Capital Management increased its position in shares of Cboe Global Markets by 7.5% in the fourth quarter. Brookstone Capital Management now owns 3,074 shares of the financial services provider’s stock worth $301,000 after acquiring an additional 215 shares in the last quarter. Stevens Capital Management LP acquired a new stake in shares of Cboe Global Markets during the fourth quarter worth approximately $778,000. Finally, Daiwa Securities Group Inc. boosted its holdings in shares of Cboe Global Markets by 5.1% during the fourth quarter. Daiwa Securities Group Inc. now owns 4,128 shares of the financial services provider’s stock worth $404,000 after purchasing an additional 200 shares during the period. 81.98% of the stock is owned by institutional investors and hedge funds.

In related news, EVP John Deters sold 2,474 shares of the business’s stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $93.74, for a total transaction of $231,912.76. Following the transaction, the executive vice president now owns 3,538 shares of the company’s stock, valued at $331,652.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.89% of the company’s stock.

Shares of Cboe Global Markets stock traded down $0.32 on Tuesday, reaching $95.51. The stock had a trading volume of 694,585 shares, compared to its average volume of 834,873. Cboe Global Markets Inc has a fifty-two week low of $87.87 and a fifty-two week high of $121.55.

Cboe Global Markets (NASDAQ:CBOE) last announced its earnings results on Friday, February 8th. The financial services provider reported $1.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.37 by $0.17. The company had revenue of $334.40 million for the quarter, compared to the consensus estimate of $324.49 million. During the same period last year, the firm posted $0.87 EPS. The company’s revenue was up 25.9% compared to the same quarter last year.

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend was Thursday, February 28th.

Several research firms recently commented on CBOE. Wells Fargo & Co restated a “buy” rating on shares of Cboe Global Markets in a report on Friday, February 8th. Zacks Investment Research upgraded shares of Cboe Global Markets from a “hold” rating to a “buy” rating and set a $105.00 price target for the company in a report on Thursday, February 28th. Sandler O’Neill upgraded shares of Cboe Global Markets from a “hold” rating to a “buy” rating in a report on Monday, January 7th. Argus began coverage on shares of Cboe Global Markets in a research note on Friday, February 22nd. They issued a “hold” rating for the company. Finally, Goldman Sachs Group upgraded shares of Cboe Global Markets from a “neutral” rating to a “buy” rating and set a $120.00 target price for the company in a research note on Friday, January 4th. Eight analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $113.46.

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Cboe Global Markets Company Profile

Cboe Global Markets, Inc engages in the provision of trading and investment solutions to investors. It operates through the following business segments: Options, U.S. Equities, Futures, European Equities, and Global FX. The Options segment includes options exchange business, which lists for trading options on market indexes (index options), as well as on non-exclusive multiply-listed options.

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Institutional Ownership by Quarter for Cboe Global Markets (NASDAQ:CBOE)

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Mackenzie Financial Corp Sells 500 Shares of Boston Beer Company Inc (NYSE:SAM)

WINTON GROUP Ltd boosted its holdings in shares of Boston Beer by 37.5% in the fourth quarter. WINTON GROUP Ltd now owns 80,122 shares of …

Boston Beer logoMackenzie Financial Corp trimmed its position in Boston Beer Company Inc (NYSE:SAM) by 17.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,400 shares of the company’s stock after selling 500 shares during the quarter. Mackenzie Financial Corp’s holdings in Boston Beer were worth $578,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the business. WINTON GROUP Ltd boosted its holdings in shares of Boston Beer by 37.5% in the fourth quarter. WINTON GROUP Ltd now owns 80,122 shares of the company’s stock worth $19,297,000 after buying an additional 21,863 shares during the period. Balasa Dinverno & Foltz LLC boosted its holdings in shares of Boston Beer by 34.6% in the fourth quarter. Balasa Dinverno & Foltz LLC now owns 1,778 shares of the company’s stock worth $428,000 after buying an additional 457 shares during the period. LS Investment Advisors LLC boosted its holdings in shares of Boston Beer by 36.5% in the fourth quarter. LS Investment Advisors LLC now owns 666 shares of the company’s stock worth $160,000 after buying an additional 178 shares during the period. Dupont Capital Management Corp boosted its holdings in shares of Boston Beer by 28.0% in the fourth quarter. Dupont Capital Management Corp now owns 3,989 shares of the company’s stock worth $961,000 after buying an additional 873 shares during the period. Finally, State Board of Administration of Florida Retirement System boosted its holdings in shares of Boston Beer by 23.5% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 5,119 shares of the company’s stock worth $1,233,000 after buying an additional 973 shares during the period. Institutional investors own 74.36% of the company’s stock.

In other Boston Beer news, CEO David A. Burwick sold 289 shares of the stock in a transaction that occurred on Wednesday, January 2nd. The stock was sold at an average price of $235.14, for a total transaction of $67,955.46. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Matthew Donal Murphy sold 6,000 shares of the stock in a transaction that occurred on Tuesday, February 26th. The shares were sold at an average price of $305.72, for a total value of $1,834,320.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 19,539 shares of company stock worth $5,954,745. Insiders own 29.20% of the company’s stock.

NYSE SAM opened at $312.60 on Tuesday. The company has a market capitalization of $3.56 billion, a PE ratio of 41.85, a P/E/G ratio of 3.65 and a beta of 0.57. Boston Beer Company Inc has a 52-week low of $178.45 and a 52-week high of $329.95.

Boston Beer (NYSE:SAM) last issued its quarterly earnings data on Wednesday, February 20th. The company reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.77 by $0.09. The firm had revenue of $225.22 million for the quarter, compared to analyst estimates of $227.89 million. Boston Beer had a net margin of 9.12% and a return on equity of 20.22%. The company’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter last year, the firm earned $2.57 earnings per share. As a group, research analysts anticipate that Boston Beer Company Inc will post 8.6 EPS for the current fiscal year.

SAM has been the subject of several recent analyst reports. UBS Group initiated coverage on shares of Boston Beer in a report on Thursday, December 13th. They issued a “sell” rating and a $228.00 target price for the company. Zacks Investment Research upgraded shares of Boston Beer from a “hold” rating to a “buy” rating and set a $279.00 target price for the company in a report on Monday, December 31st. Susquehanna Bancshares decreased their target price on shares of Boston Beer from $283.00 to $241.00 and set a “neutral” rating for the company in a report on Tuesday, January 8th. Guggenheim reissued a “buy” rating and issued a $308.00 price target on shares of Boston Beer in a research report on Thursday, February 21st. Finally, Macquarie raised shares of Boston Beer from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $260.00 to $275.00 in a research report on Thursday, February 21st. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $268.85.

TRADEMARK VIOLATION WARNING: “Mackenzie Financial Corp Sells 500 Shares of Boston Beer Company Inc (NYSE:SAM)” was published by Fairfield Current and is the sole property of of Fairfield Current. If you are accessing this article on another website, it was stolen and republished in violation of US and international trademark & copyright legislation. The correct version of this article can be read at https://www.fairfieldcurrent.com/news/2019/03/19/mackenzie-financial-corp-has-578000-stake-in-boston-beer-company-inc-sam.html.

Boston Beer Company Profile

The Boston Beer Company, Inc produces and sells alcohol beverages primarily in the United States. The company’s flagship beer is Samuel Adams Boston Lager. It sells approximately 60 beers under the Samuel Adams brand names; 10 flavored malt beverages under the Twisted Tea brand name; 20 hard cider beverages under the Angry Orchard brand; 5 hard sparkling waters under the Truly Spiked & Sparkling brand name; and approximately 50 beers under 4 brand names.

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Institutional Ownership by Quarter for Boston Beer (NYSE:SAM)

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