Genuine Parts Ord (GPC) Holder Cincinnati Insurance Company Cut Holding as Share Value Rose; As Cullen Frost Bankers (CFR) Stock Value Declined, Shareholder Yost Capital Management Has Lowered Its Position

September 24, 2018 - By Jacqueline McKee

Cullen/Frost Bankers, Inc. (NYSE:CFR) Logo

Cincinnati Insurance Company decreased its stake in Genuine Parts Ord (GPC) by 5.82% based on its latest 2018Q2 regulatory filing with the SEC. Cincinnati Insurance Company sold 25,000 shares as the company’s stock rose 7.78% with the market. The institutional investor held 404,860 shares of the automotive aftermarket company at the end of 2018Q2, valued at $37.16M, down from 429,860 at the end of the previous reported quarter. Cincinnati Insurance Company who had been investing in Genuine Parts Ord for a number of months, seems to be less bullish one the $14.59B market cap company. The stock decreased 1.73% or $1.75 during the last trading session, reaching $99.39. About 695,880 shares traded or 6.43% up from the average. Genuine Parts Company (NYSE:GPC) has risen 17.65% since September 24, 2017 and is uptrending. It has outperformed by 2.03% the S&P500. Some Historical GPC News: 16/05/2018 – Genuine Parts: Staples’ Offer Not a Superior Proposal or LIkeliy to Lead to Superior One; 16/04/2018 – Genuine Parts Co expected to post earnings of $1.32 a share – Earnings Preview; 12/04/2018 – Essendant to Merge with Genuine Parts Co. Business; 16/05/2018 – STAPLES – ON APRIL 27, ESSENDANT INFORMED IT WAS NOT ABLE TO ENTER DISCUSSIONS WITH STAPLES UNDER TERMS OF AGREEMENT BETWEEN ESSENDANT, GENUINE PARTS; 12/04/2018 – ESSENDANT, GENUINE PARTS COMPANY’S S.P. RICHARDS TO COMBINE; 12/04/2018 – ESSENDANT INC – GENUINE PARTS TO SEPARATE S.P. RICHARDS INTO STANDALONE CO & SPIN OFF STANDALONE CO TO GENUINE PARTS’ SHAREHOLDERS, FOLLOWED BY MERGER OF ESSENDANT, SPUN-OFF CO; 19/04/2018 – Genuine Parts Sees 2018 Tax Rate 26%; 19/04/2018 – GENUINE PARTS 1Q EPS $1.20, EST. $1.31; 12/04/2018 – Essendant to Merge With Genuine Parts’s Business-Products Division — Deal Digest; 16/05/2018 – Genuine Parts Company Comments On Definitive Merger Agreement With Essendant Following Staples’ Conditional, Non-Binding Propos

Yost Capital Management Llc decreased its stake in Cullen Frost Bankers Inc (CFR) by 36.61% based on its latest 2018Q2 regulatory filing with the SEC. Yost Capital Management Llc sold 50,000 shares as the company’s stock declined 5.76% while stock markets rallied. The institutional investor held 86,560 shares of the finance company at the end of 2018Q2, valued at $9.37 million, down from 136,560 at the end of the previous reported quarter. Yost Capital Management Llc who had been investing in Cullen Frost Bankers Inc for a number of months, seems to be less bullish one the $6.86 billion market cap company. The stock decreased 1.95% or $2.13 during the last trading session, reaching $107.3. About 295,884 shares traded. Cullen/Frost Bankers, Inc. (NYSE:CFR) has risen 20.92% since September 24, 2017 and is uptrending. It has outperformed by 5.30% the S&P500. Some Historical CFR News: 21/05/2018 – Cullen/Frost Presenting at Conference Tomorrow; 01/05/2018 – Cramer also sits down with the CEOs of Agco and Cullen/Frost Bankers; 16/03/2018 – San Antonio Bus: Frost Bank third-party software tool “commercial lockbox” breached; 26/04/2018 – CULLEN/FROST REPORTS DIV 67C/SHR, WAS 57C/SHR, EST 59C/SHR; 16/03/2018 – Frost Bank Says It’s Working With Cybersecurity Firm; 16/03/2018 – Frost Bank Says It Immediately Launched Investigation; 26/04/2018 – J.D. Power Again Ranks Frost Bank Highest In Texas Retail Banking Customer Satisfaction; 02/04/2018 – Cullen/Frost Closes Below 50-Day Moving Average: Technicals; 16/03/2018 – REFILE-FROST BANK – TO START BRIEFING COMMERCIAL LOCKBOX CUSTOMERS ABOUT UNAUTHORIZED ACCESS TO DIGITAL IMAGES STORED IN THEIR COMMERCIAL IMAGE ARCHIVES (CORRECTS TYPO); 11/05/2018 – Frost National Bank Buys New 2.8% Position in Veritex Holdings

Among 13 analysts covering Genuine Parts Company (NYSE:GPC), 1 have Buy rating, 2 Sell and 10 Hold. Therefore 8% are positive. Genuine Parts Company had 35 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Genuine Parts Company (NYSE:GPC) has “Neutral” rating given on Friday, August 26 by Susquehanna. The firm has “Hold” rating given on Friday, July 15 by Jefferies. The firm earned “Sector Perform” rating on Tuesday, October 20 by RBC Capital Markets. The firm has “Buy” rating given on Tuesday, September 15 by Jefferies. The company was maintained on Wednesday, April 19 by Jefferies. The firm has “Hold” rating given on Tuesday, April 17 by Guggenheim. RBC Capital Markets maintained the shares of GPC in report on Thursday, April 19 with “Hold” rating. As per Friday, May 26, the company rating was maintained by RBC Capital Markets. The company was maintained on Wednesday, February 21 by JP Morgan. Jefferies maintained the shares of GPC in report on Wednesday, October 11 with “Hold” rating.

Since July 26, 2018, it had 0 buys, and 1 insider sale for $50,145 activity.

More recent Genuine Parts Company (NYSE:GPC) news were published by: Seekingalpha.com which released: “Dividend Champion Spotlight: Genuine Parts Company” on August 31, 2018. Also Investorplace.com published the news titled: “5 Dividend Stocks With 50-Plus Years of Annual Dividend Hikes” on September 19, 2018. Seekingalpha.com‘s news article titled: “Genuine Parts updates on Essendant deal” with publication date: September 10, 2018 was also an interesting one.

Analysts await Genuine Parts Company (NYSE:GPC) to report earnings on October, 18. They expect $1.49 EPS, up 28.45% or $0.33 from last year’s $1.16 per share. GPC’s profit will be $218.67M for 16.68 P/E if the $1.49 EPS becomes a reality. After $1.59 actual EPS reported by Genuine Parts Company for the previous quarter, Wall Street now forecasts -6.29% negative EPS growth.

Investors sentiment decreased to 0.89 in Q2 2018. Its down 0.06, from 0.95 in 2018Q1. It dived, as 34 investors sold GPC shares while 203 reduced holdings. 56 funds opened positions while 156 raised stakes. 107.87 million shares or 2.85% more from 104.87 million shares in 2018Q1 were reported. Fidelity Natl invested in 2.69% or 195,950 shares. Teacher Retirement System Of Texas has invested 0.02% in Genuine Parts Company (NYSE:GPC). American Natl Co Tx reported 29,700 shares. Prudential reported 182,135 shares. Blackrock invested 0.06% in Genuine Parts Company (NYSE:GPC). Vanguard Grp holds 14.76M shares. Hamilton Point Inv Advisors Lc holds 0.7% or 15,247 shares. Btr Capital Mgmt Inc has invested 0.05% of its portfolio in Genuine Parts Company (NYSE:GPC). Kanawha Cap Management Limited Liability holds 0.31% or 22,781 shares. Advisor Prtnrs Ltd Company has invested 0.1% of its portfolio in Genuine Parts Company (NYSE:GPC). Jensen Inv Incorporated invested in 0.01% or 5,950 shares. Charter Tru Co invested in 6,367 shares or 0.07% of the stock. Meyer Handelman Company owns 103,451 shares for 0.49% of their portfolio. Colonial Trust Advisors stated it has 2,750 shares. Orca Invest Ltd Liability stated it has 3,806 shares.

Cincinnati Insurance Company, which manages about $3.35B US Long portfolio, upped its stake in American Tower Reit (NYSE:AMT) by 7,500 shares to 60,000 shares, valued at $8.65M in 2018Q2, according to the filing.

Investors sentiment increased to 1.71 in Q2 2018. Its up 0.70, from 1.01 in 2018Q1. It improved, as 13 investors sold CFR shares while 83 reduced holdings. 60 funds opened positions while 104 raised stakes. 49.68 million shares or 1.41% less from 50.39 million shares in 2018Q1 were reported. Paloma Ptnrs Management holds 0.01% in Cullen/Frost Bankers, Inc. (NYSE:CFR) or 2,567 shares. Creative Planning reported 4,149 shares. South Dakota Inv Council invested in 23,100 shares or 0.05% of the stock. Captrust Financial accumulated 930 shares or 0.01% of the stock. Shell Asset Management reported 11,703 shares. Bankshares Of America Corp De reported 662,987 shares stake. Guggenheim Lc invested in 76,194 shares. Nomura Holdings reported 0% of its portfolio in Cullen/Frost Bankers, Inc. (NYSE:CFR). Spectrum Asset Mngmt (Nb Ca) has invested 0.92% in Cullen/Frost Bankers, Inc. (NYSE:CFR). Employees Retirement Sys Of Texas accumulated 42,000 shares. Cibc Asset Management stated it has 0% of its portfolio in Cullen/Frost Bankers, Inc. (NYSE:CFR). Regions Corporation reported 0% of its portfolio in Cullen/Frost Bankers, Inc. (NYSE:CFR). Whittier Trust owns 205 shares for 0% of their portfolio. Arrowstreet Capital Limited Partnership reported 0.03% stake. Geode Cap Mgmt Llc reported 517,863 shares or 0.02% of all its holdings.

Another recent and important Cullen/Frost Bankers, Inc. (NYSE:CFR) news was published by Streetinsider.com which published an article titled: “Farfetch tops price range in IPO in boon to luxury market” on September 21, 2018.

Among 18 analysts covering CullenFrost (NYSE:CFR), 4 have Buy rating, 1 Sell and 13 Hold. Therefore 22% are positive. CullenFrost had 82 analyst reports since July 30, 2015 according to SRatingsIntel. Jefferies maintained the shares of CFR in report on Friday, June 9 with “Hold” rating. The firm has “Hold” rating by Keefe Bruyette & Woods given on Thursday, July 27. RBC Capital Markets maintained Cullen/Frost Bankers, Inc. (NYSE:CFR) on Thursday, January 21 with “Sector Perform” rating. The rating was downgraded by Macquarie Research to “Underperform” on Wednesday, January 13. Piper Jaffray maintained Cullen/Frost Bankers, Inc. (NYSE:CFR) on Friday, October 6 with “Hold” rating. The rating was initiated by Raymond James on Thursday, April 6 with “Mkt Perform”. On Thursday, July 27 the stock rating was maintained by Maxim Group with “Buy”. The company was maintained on Monday, August 28 by Keefe Bruyette & Woods. The firm earned “Neutral” rating on Thursday, January 5 by JP Morgan. The rating was upgraded by Raymond James on Friday, October 27 to “Market Perform”.

Yost Capital Management Llc, which manages about $239.39M and $212.32 million US Long portfolio, upped its stake in Mgm Resorts International (NYSE:MGM) by 77,000 shares to 1.33 million shares, valued at $38.55 million in 2018Q2, according to the filing.

Genuine Parts Company (NYSE:GPC) Institutional Positions Chart

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