Coho Partners LTD Has Cut Its Marsh & Mclennan Co. (MMC) Position by $5.85 Million as Share Price Declined; As United States Stl New (X) Market Value Declined, Shareholder Slate Path Capital LP Has Cut Holding

August 10, 2018 - By Jack Shaw

Marsh & McLennan Companies, Inc. (NYSE:MMC) Logo

Coho Partners Ltd decreased its stake in Marsh & Mclennan Co. (MMC) by 3.53% based on its latest 2018Q1 regulatory filing with the SEC. Coho Partners Ltd sold 71,299 shares as the company’s stock declined 4.00% with the market. The institutional investor held 1.95M shares of the finance company at the end of 2018Q1, valued at $160.91 million, down from 2.02M at the end of the previous reported quarter. Coho Partners Ltd who had been investing in Marsh & Mclennan Co. for a number of months, seems to be less bullish one the $41.97B market cap company. The stock decreased 1.09% or $0.91 during the last trading session, reaching $82.57. About 1.48M shares traded. Marsh & McLennan Companies, Inc. (NYSE:MMC) has risen 6.23% since August 10, 2017 and is uptrending. It has underperformed by 6.34% the S&P500. Some Historical MMC News: 08/05/2018 – Mercer’s Tracy Watts Named `Top 25 Consultant’ by Consulting® Magazine; 17/05/2018 – MARSH & MCLENNAN: QTRLY DIV INCREASED FROM $0.375 TO $0.415; 27/03/2018 – Mercer’s Global Assets Under Delegated Management Increases by $70BN in 2017; 08/03/2018 – Pioneer Core Equity Adds Labcorp, Cuts Marsh & McLennan; 26/04/2018 – Marsh & McLennan 1Q EPS $1.34; 08/05/2018 – REG-Marsh & McLennan Marsh & McLennan Companies Names Erick R. Gustafson Chief Public Affairs Officer; 24/04/2018 – EU Survey of Senior Retailers Reveals UK is Less Prepared for GDPR Compliance Than Germany or France – and More Likely to See; 26/04/2018 – Marsh & McLennan 1Q Net $690M; 11/05/2018 – YellowAdvertiser: EXCLUSIVE: ‘Just comply? They probably said that to Rosa Parks as well’ – Inside Terry Marsh’s latest trial -; 27/03/2018 – Mercer’s Global Assets Under Delegated Management Increases by $70BN in 2017

Slate Path Capital Lp decreased its stake in United States Stl Corp New (X) by 20.27% based on its latest 2018Q1 regulatory filing with the SEC. Slate Path Capital Lp sold 665,000 shares as the company’s stock declined 20.24% with the market. The hedge fund held 2.62 million shares of the steel and iron ore company at the end of 2018Q1, valued at $92.02M, down from 3.28M at the end of the previous reported quarter. Slate Path Capital Lp who had been investing in United States Stl Corp New for a number of months, seems to be less bullish one the $5.36 billion market cap company. The stock decreased 1.66% or $0.51 during the last trading session, reaching $30.26. About 8.36M shares traded. United States Steel Corporation (NYSE:X) has risen 74.77% since August 10, 2017 and is uptrending. It has outperformed by 62.20% the S&P500. Some Historical X News: 26/04/2018 – US Steel 1Q Adj EPS 32c; 12/03/2018 – United States Steel Corp Provides Full-Yr 2018 Guidance; 26/04/2018 – US Steel 1Q Rev $3.15B; 09/03/2018 – U.S. STEEL HOLDER VIKING GLOBAL REPORTS 5.5% PASSIVE STAKE; 12/03/2018 – United States Steel Corporation Provides Full-Year 2018 Guidance; 05/03/2018 – United States Steel: Glenda G. McNeal Won’t Stand for Re-election to Board at April 24 Meeting; 08/03/2018 – U. S. Steel Issues Statement on National Security Action by President Trump on Steel Imports; 07/03/2018 – U.S. Steel to Restart Illinois Plant Operations to Handle Demand; 26/04/2018 – U.S. Steel Slides As It Warns of Market Uncertainty Following Tariffs — Earnings Review; 09/04/2018 – FITCH UPGRADES U.S. STEEL’S IDR TO ‘BB-‘; OUTLOOK REVISED TO PO

Among 25 analysts covering United States Steel Corporation (NYSE:X), 11 have Buy rating, 3 Sell and 11 Hold. Therefore 44% are positive. United States Steel Corporation had 117 analyst reports since July 30, 2015 according to SRatingsIntel. The rating was upgraded by Citigroup on Tuesday, April 3 to “Buy”. The company was upgraded on Friday, April 27 by Bank of America. The company was upgraded on Friday, August 5 by Jefferies. Cowen & Co maintained United States Steel Corporation (NYSE:X) on Thursday, April 28 with “Market Perform” rating. As per Tuesday, June 12, the company rating was maintained by Citigroup. The firm has “Hold” rating by Argus Research given on Tuesday, November 29. The stock has “Sell” rating by UBS on Friday, May 11. The rating was downgraded by KeyBanc Capital Markets to “Underweight” on Friday, August 19. The rating was maintained by BMO Capital Markets on Thursday, November 2 with “Market Perform”. The stock of United States Steel Corporation (NYSE:X) has “Hold” rating given on Thursday, January 4 by Cowen & Co.

Slate Path Capital Lp, which manages about $4.31 billion and $1.56 billion US Long portfolio, upped its stake in Dexcom Inc (NASDAQ:DXCM) by 23,000 shares to 93,000 shares, valued at $6.90M in 2018Q1, according to the filing. It also increased its holding in Rsp Permian Inc (NYSE:RSPP) by 120,000 shares in the quarter, for a total of 780,000 shares, and has risen its stake in Diamondback Energy Inc (NASDAQ:FANG).

Analysts await United States Steel Corporation (NYSE:X) to report earnings on October, 30. They expect $1.89 EPS, up 105.43% or $0.97 from last year’s $0.92 per share. X’s profit will be $334.97M for 4.00 P/E if the $1.89 EPS becomes a reality. After $1.46 actual EPS reported by United States Steel Corporation for the previous quarter, Wall Street now forecasts 29.45% EPS growth.

More news for United States Steel Corporation (NYSE:X) were recently published by: Seekingalpha.com, which released: “United States Steel (X) Q2 2018 Results – Earnings Call Transcript” on August 02, 2018. Bizjournals.com‘s article titled: “When will US Steel revive its big Fairfield project?” and published on August 07, 2018 is yet another important article.

Analysts await Marsh & McLennan Companies, Inc. (NYSE:MMC) to report earnings on October, 25. They expect $0.74 EPS, down 6.33% or $0.05 from last year’s $0.79 per share. MMC’s profit will be $376.15 million for 27.90 P/E if the $0.74 EPS becomes a reality. After $1.10 actual EPS reported by Marsh & McLennan Companies, Inc. for the previous quarter, Wall Street now forecasts -32.73% negative EPS growth.

Since February 26, 2018, it had 0 buys, and 7 insider sales for $13.06 million activity. 1,145 shares were sold by Mills Stacy, worth $94,972. Glaser Daniel S also sold $3.40 million worth of Marsh & McLennan Companies, Inc. (NYSE:MMC) shares. $1.88 million worth of Marsh & McLennan Companies, Inc. (NYSE:MMC) shares were sold by MCGIVNEY MARK C. $893,273 worth of Marsh & McLennan Companies, Inc. (NYSE:MMC) was sold by Portalatin Julio A on Monday, March 5. 10,567 Marsh & McLennan Companies, Inc. (NYSE:MMC) shares with value of $863,821 were sold by Beshar Peter J. McDonald Scott also sold $1.64M worth of Marsh & McLennan Companies, Inc. (NYSE:MMC) shares.

Another recent and important Marsh & McLennan Companies, Inc. (NYSE:MMC) news was published by Seekingalpha.com which published an article titled: “Marsh & McLennan Cos. (MMC) Q2 2018 Results – Earnings Call Transcript” on July 26, 2018.

Among 15 analysts covering Marsh & McLennan (NYSE:MMC), 7 have Buy rating, 0 Sell and 8 Hold. Therefore 47% are positive. Marsh & McLennan had 41 analyst reports since September 8, 2015 according to SRatingsIntel. The rating was maintained by Barclays Capital on Tuesday, February 20 with “Overweight”. The firm earned “Buy” rating on Thursday, December 21 by Keefe Bruyette & Woods. The stock of Marsh & McLennan Companies, Inc. (NYSE:MMC) has “Buy” rating given on Monday, December 4 by Keefe Bruyette & Woods. Jefferies maintained Marsh & McLennan Companies, Inc. (NYSE:MMC) rating on Friday, October 13. Jefferies has “Hold” rating and $87.0 target. Bank of America upgraded the stock to “Buy” rating in Friday, January 27 report. RBC Capital Markets maintained the stock with “Buy” rating in Monday, July 10 report. The firm earned “Buy” rating on Thursday, February 1 by Sandler O’Neill. The stock has “Hold” rating by Deutsche Bank on Wednesday, October 4. The firm has “Hold” rating by Jefferies given on Monday, February 5. The firm has “Buy” rating given on Thursday, July 27 by RBC Capital Markets.

Marsh & McLennan Companies, Inc. (NYSE:MMC) Institutional Positions Chart

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