Iat Reinsurance Company LTD Has Lowered Seagate Technology (STX) Holding by $21.75 Million; As Brown Forman Cl B (BF.B) Stock Price Were Volatile, Fruth Investment Management Has Increased Stake by $552,906

August 12, 2018 - By Lisa Delgado

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Fruth Investment Management increased its stake in Brown Forman Corp Cl B (BF.B) by 22.04% based on its latest 2018Q1 regulatory filing with the SEC. Fruth Investment Management bought 10,239 shares as the company’s stock 0.00% . The institutional investor held 56,699 shares of the company at the end of 2018Q1, valued at $3.08M, up from 46,460 at the end of the previous reported quarter. Fruth Investment Management who had been investing in Brown Forman Corp Cl B for a number of months, seems to be bullish on the $25.66B market cap company. The stock decreased 0.71% or $0.38 during the last trading session, reaching $53.25. About 657,663 shares traded. Brown-Forman Corporation (NYSE:BF.B) has risen 40.18% since August 12, 2017 and is uptrending. It has outperformed by 27.61% the S&P500. Some Historical BF.B News: 07/03/2018 – BROWN-FORMAN – IN FISCAL 2019, ANTICIPATES IMMEDIATE ANNUALIZED ONGOING CASH TAX SAVINGS WILL BE IN $65 MLN TO $75 MLN RANGE; 08/03/2018 – Cramer: Buy Jack Daniels maker Brown-Forman on growth prospects, global appeal; 07/03/2018 – BROWN-FORMAN – “EXPECT ONGOING BENEFIT TO EARNINGS & CASH FLOW IN FUTURE YEARS DUE TO TAX REFORM”; 29/05/2018 – BROWN-FORMAN CORP – PAUL VARGA TO RETIRE; LAWSON WHITING NAMED INCOMING CEO AS OF JANUARY 1, 2019; 22/03/2018 – Moody’s Rates Brown-Forman’s New Usd Bonds A1; 07/03/2018 – RPT-BROWN-FORMAN CORP – SEES 2018 UNDERLYING NET SALES GROWTH OF 6% TO 7%; 07/03/2018 – Brown-Forman Affirms FY18 Operating Income of Growth 8%-9

Iat Reinsurance Company Ltd decreased its stake in Seagate Technology (STX) by 99.87% based on its latest 2018Q1 regulatory filing with the SEC. Iat Reinsurance Company Ltd sold 375,000 shares as the company’s stock rose 7.32% while stock markets declined. The institutional investor held 500 shares of the electronic components company at the end of 2018Q1, valued at $29,000, down from 375,500 at the end of the previous reported quarter. Iat Reinsurance Company Ltd who had been investing in Seagate Technology for a number of months, seems to be less bullish one the $14.61B market cap company. The stock decreased 0.27% or $0.14 during the last trading session, reaching $50.88. About 4.59M shares traded or 60.60% up from the average. Seagate Technology plc (NASDAQ:STX) has risen 33.31% since August 12, 2017 and is uptrending. It has outperformed by 20.74% the S&P500.

Analysts await Seagate Technology plc (NASDAQ:STX) to report earnings on October, 22. They expect $1.55 earnings per share, up 61.46% or $0.59 from last year’s $0.96 per share. STX’s profit will be $444.95M for 8.21 P/E if the $1.55 EPS becomes a reality. After $1.62 actual earnings per share reported by Seagate Technology plc for the previous quarter, Wall Street now forecasts -4.32% negative EPS growth.

Since February 20, 2018, it had 0 insider buys, and 10 insider sales for $16.69 million activity. Nygaard Jeffrey D. sold $125,701 worth of Seagate Technology plc (NASDAQ:STX) on Monday, May 14. Shares for $235,833 were sold by Geldmacher Jay L on Friday, February 23. MORTON DAVID H JR sold $1.93M worth of Seagate Technology plc (NASDAQ:STX) on Monday, March 5. ZANDER EDWARD J had sold 23,618 shares worth $1.35 million on Wednesday, May 9.

Investors sentiment decreased to 0.84 in Q1 2018. Its down 0.05, from 0.89 in 2017Q4. It turned negative, as 39 investors sold STX shares while 180 reduced holdings. 75 funds opened positions while 108 raised stakes. 232.89 million shares or 4.71% less from 244.40 million shares in 2017Q4 were reported. Conning reported 0.01% of its portfolio in Seagate Technology plc (NASDAQ:STX). Hap Trading Limited Liability Company has invested 0.04% in Seagate Technology plc (NASDAQ:STX). Sigma Counselors invested in 0.03% or 3,986 shares. Lsv Asset reported 6.27M shares. Price T Rowe Associates Inc Md stated it has 492,735 shares. Texas Permanent School Fund holds 0.06% of its portfolio in Seagate Technology plc (NASDAQ:STX) for 73,594 shares. Mason Street Limited Liability Corporation invested in 39,676 shares or 0.05% of the stock. 13D Management Lc stated it has 4.36% of its portfolio in Seagate Technology plc (NASDAQ:STX). American Century Companies stated it has 0.02% in Seagate Technology plc (NASDAQ:STX). Kbc Group Inc Nv holds 0.1% of its portfolio in Seagate Technology plc (NASDAQ:STX) for 192,575 shares. Bb&T Securities Limited Liability Company invested 0.05% of its portfolio in Seagate Technology plc (NASDAQ:STX). Huntington Bancshares has 1,878 shares. Sumitomo Mitsui Asset Ltd invested in 0.02% or 19,754 shares. Stratos Wealth Prns Ltd invested in 4,751 shares. Gateway Invest Advisers Ltd Com holds 0.01% or 15,256 shares.

More notable recent Seagate Technology plc (NASDAQ:STX) news were published by: Fool.com which released: “Should Western Digital’s Plant Closure Worry Seagate Technology Investors?” on August 06, 2018, also Seekingalpha.com with their article: “Seagate Could Double From Here” published on August 10, 2018, Benzinga.com published: “3 Reasons Why Goldman Turned Bearish On Seagate Technology” on August 09, 2018. More interesting news about Seagate Technology plc (NASDAQ:STX) were released by: Seekingalpha.com and their article: “Seagate Technology 2018 Q4 – Results – Earnings Call Slides” published on July 30, 2018 as well as Nasdaq.com‘s news article titled: “7 Tech Stocks That Pay Dividends” with publication date: August 07, 2018.

Among 36 analysts covering Seagate Technology Plc (NASDAQ:STX), 10 have Buy rating, 4 Sell and 22 Hold. Therefore 28% are positive. Seagate Technology Plc had 146 analyst reports since August 4, 2015 according to SRatingsIntel. The stock of Seagate Technology plc (NASDAQ:STX) earned “Hold” rating by Wells Fargo on Tuesday, November 14. On Wednesday, January 25 the stock rating was maintained by Needham with “Strong Buy”. Jefferies maintained it with “Buy” rating and $26 target in Thursday, June 2 report. The rating was maintained by RBC Capital Markets with “Sector Perform” on Wednesday, August 31. The rating was maintained by Barclays Capital on Tuesday, October 24 with “Underweight”. The firm has “Hold” rating given on Wednesday, May 2 by Cowen & Co. Barclays Capital downgraded the shares of STX in report on Thursday, July 13 to “Sell” rating. The rating was maintained by Susquehanna with “Hold” on Tuesday, March 20. The stock of Seagate Technology plc (NASDAQ:STX) earned “Buy” rating by Needham on Friday, October 16. Argus Research downgraded the shares of STX in report on Friday, April 15 to “Hold” rating.

More news for Brown-Forman Corporation (NYSE:BF.B) were recently published by: Bizjournals.com, which released: “Why Simmons College wants an athletic complex, student housing and retail on this vacant West End site” on August 06, 2018. Seekingalpha.com‘s article titled: “Brown-Forman: Time To Buy The Dip?” and published on July 20, 2018 is yet another important article.

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