Harding Loevner LP Raised Its Wpp Plc New (WPPGY) Stake; Pacad Investment LTD Lowered Csx (CSX) Stake

August 12, 2018 - By Pearl Odom

CSX Corporation (NASDAQ:CSX) Logo

Pacad Investment Ltd decreased Csx Corp (CSX) stake by 32.11% reported in 2018Q1 SEC filing. Pacad Investment Ltd sold 11,493 shares as Csx Corp (CSX)’s stock rose 15.07%. The Pacad Investment Ltd holds 24,300 shares with $1.32M value, down from 35,793 last quarter. Csx Corp now has $62.17B valuation. The stock increased 0.30% or $0.22 during the last trading session, reaching $72.39. About 3.01 million shares traded. CSX Corporation (NYSE:CSX) has risen 20.25% since August 12, 2017 and is uptrending. It has outperformed by 7.68% the S&P500. Some Historical CSX News: 15/05/2018 – LONE PINE BOOSTED FB, MSFT, WYNN, CSX, PYPL IN 1Q: 13F; 18/04/2018 – Rail operator CSX tops profit estimates on cost-cutting boost; 05/04/2018 – CSX DETAILS PAY FOR DECEASED CEO IN PROXY FILING; 17/04/2018 – CSX’s On-Time Trains Help New CEO Foote Boost Quarterly Profit; 15/05/2018 – CSX CFO SEES SETTING OPERATING RECORDS AT END OF 2Q AND INTO 3Q; 08/05/2018 – CSX Corporation Chief Financial Officer to Address Bank of America Merrill Lynch Transportation Conference; 18/04/2018 – The “Mad Money” host mentions quarterly reports from rail company CSX, IBM and Morgan Stanley; 18/05/2018 – CSX Corporation Declares Quarterly Dividend; 06/04/2018 – Deceased CSX Chief Hunter Harrison Was Among Top-Paid CEOs; 16/03/2018 – More than 100 ex-employees sue CSX after being fired or suspended for taking family medical leave

Harding Loevner Lp increased Wpp Plc New (WPPGY) stake by 61.77% reported in 2018Q1 SEC filing. Harding Loevner Lp acquired 651,300 shares as Wpp Plc New (WPPGY)’s stock 0.00%. The Harding Loevner Lp holds 1.71M shares with $141.60M value, up from 1.05M last quarter. Wpp Plc New now has $ valuation. The stock increased 0.97% or $0.81 during the last trading session, reaching $84.43. About 113,982 shares traded or Infinity% up from the average. WPP plc – American Depositary S (NASDAQ:WPPGY) has 0.00% since August 12, 2017 and is . It has underperformed by 12.57% the S&P500.

Another recent and important WPP plc – American Depositary S (NASDAQ:WPPGY) news was published by Prnewswire.com which published an article titled: “Michael Murray Appointed President And Chief Product Officer Of Wunderman Data Products” on July 24, 2018.

Harding Loevner Lp decreased Exxon Mobil Corp (NYSE:XOM) stake by 47,062 shares to 1.49M valued at $111.39 million in 2018Q1. It also reduced Ebay Inc (NASDAQ:EBAY) stake by 118,105 shares and now owns 3.70 million shares. Walgreens Boots Alliance Inc was reduced too.

Since May 2, 2018, it had 1 insider buy, and 0 sales for $299,550 activity. $299,550 worth of stock was bought by FOOTE JAMES M on Wednesday, May 2.

Among 15 analysts covering CSX (NYSE:CSX), 12 have Buy rating, 1 Sell and 2 Hold. Therefore 80% are positive. CSX had 25 analyst reports since February 13, 2018 according to SRatingsIntel. On Wednesday, July 18 the stock rating was maintained by Morgan Stanley with “Underweight”. The company was maintained on Friday, March 2 by Deutsche Bank. The firm earned “Buy” rating on Wednesday, July 18 by Loop Capital. Morgan Stanley maintained CSX Corporation (NASDAQ:CSX) rating on Friday, March 2. Morgan Stanley has “Underweight” rating and $47 target. The firm has “Outperform” rating given on Wednesday, April 18 by BMO Capital Markets. The firm has “Buy” rating by Stifel Nicolaus given on Wednesday, July 18. As per Friday, March 2, the company rating was maintained by Scotia Capital. The rating was maintained by Credit Suisse on Wednesday, April 18 with “Outperform”. The rating was maintained by Stifel Nicolaus on Thursday, May 24 with “Buy”. The rating was maintained by Bank of America with “Buy” on Tuesday, February 13.

Investors sentiment decreased to 0.72 in 2018 Q1. Its down 0.08, from 0.8 in 2017Q4. It fall, as 79 investors sold CSX shares while 328 reduced holdings. 93 funds opened positions while 199 raised stakes. 596.64 million shares or 1.03% less from 602.87 million shares in 2017Q4 were reported. Southport Management Ltd Company reported 12,000 shares or 2.32% of all its holdings. Cbre Clarion Lc holds 0.01% or 19,799 shares in its portfolio. Clearbridge Limited Liability Company accumulated 1,722 shares or 0% of the stock. Mountain Pacific Inv Advisers Id stated it has 4,500 shares or 0.03% of all its holdings. Amica Pension Fund Board Of Trustees has 25,462 shares for 0.19% of their portfolio. Gulf Intll Retail Bank (Uk) Limited, a United Kingdom-based fund reported 263,972 shares. Greylin Inv Mangement has 0.04% invested in CSX Corporation (NASDAQ:CSX) for 3,650 shares. Price T Rowe Assoc Md, Maryland-based fund reported 5.21 million shares. J Goldman LP has 98,289 shares for 0.23% of their portfolio. Schwab Charles Invest Mngmt owns 3.24 million shares. Dynamic Advisor Solutions Limited Liability Corp reported 0.06% stake. Ny State Common Retirement Fund accumulated 0.15% or 2.23M shares. Welch & Forbes Lc invested 0.01% in CSX Corporation (NASDAQ:CSX). Alleghany De stated it has 7.7% of its portfolio in CSX Corporation (NASDAQ:CSX). Moreover, Clearbridge Invs Llc has 0% invested in CSX Corporation (NASDAQ:CSX).

Analysts await CSX Corporation (NASDAQ:CSX) to report earnings on October, 16. They expect $0.88 EPS, up 72.55% or $0.37 from last year’s $0.51 per share. CSX’s profit will be $755.75M for 20.57 P/E if the $0.88 EPS becomes a reality. After $1.01 actual EPS reported by CSX Corporation for the previous quarter, Wall Street now forecasts -12.87% negative EPS growth.

CSX Corporation (NASDAQ:CSX) Institutional Positions Chart

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