Tradition Capital Management Continues to Hold Stake in Huntington Bancshares (HBAN); Cohen & Steers Holding in Starbucks (SBUX) Has Trimmed by $2.41 Million as Market Valuation Rose

August 12, 2018 - By Mary Kidd

Starbucks Corporation (NASDAQ:SBUX) Logo

Cohen & Steers Inc decreased its stake in Starbucks Corporation (SBUX) by 29.66% based on its latest 2018Q1 regulatory filing with the SEC. Cohen & Steers Inc sold 42,196 shares as the company’s stock rose 1.31% while stock markets declined. The institutional investor held 100,049 shares of the restaurants company at the end of 2018Q1, valued at $5.79 million, down from 142,245 at the end of the previous reported quarter. Cohen & Steers Inc who had been investing in Starbucks Corporation for a number of months, seems to be less bullish one the $69.49B market cap company. The stock decreased 0.79% or $0.41 during the last trading session, reaching $51.51. About 9.96M shares traded. Starbucks Corporation (NASDAQ:SBUX) has declined 7.92% since August 12, 2017 and is downtrending. It has underperformed by 20.49% the S&P500. Some Historical SBUX News: 30/05/2018 – Daily Wire: EXCLUSIVE: A Behind-The-Scenes Look At Starbucks’ ‘Woke’ Racial Bias Training; 19/04/2018 – Black Men Arrested at Starbucks Want to Make Sure `This Situation Doesn’t Happen Again’; 07/05/2018 – Starbucks and Nestlé: A Bold Blend — Heard on the Street; 15/05/2018 – Starbucks Plans to More Than Triple Rev, More Than Double Oper Income in China by FY22-End, Relative to FY2017 Levels; 26/04/2018 – Starbucks sales growth perks up; 21/03/2018 – Starbucks Aims for More Mobile Orders; 07/05/2018 – The deal gives Nestle the rights to sell Starbucks’ products, including single-serve coffees and teas as well as bagged beans, around the world; 15/04/2018 – Starbucks Faces Backlash Over Arrest of Black Men; 18/04/2018 – Philadelphia Community Leaders Push Starbucks to Address Racial Injustice; 09/05/2018 – CityNews Toronto: #EXCLUSIVE: CityNews has learned Toronto police have launched an investigation after a hidden camera was

Tradition Capital Management Llc increased its stake in Huntington Bancshares Inc. (HBAN) by 33.5% based on its latest 2018Q1 regulatory filing with the SEC. Tradition Capital Management Llc bought 45,635 shares as the company’s stock declined 5.80% with the market. The institutional investor held 181,843 shares of the major banks company at the end of 2018Q1, valued at $2.75 million, up from 136,208 at the end of the previous reported quarter. Tradition Capital Management Llc who had been investing in Huntington Bancshares Inc. for a number of months, seems to be bullish on the $17.49B market cap company. The stock decreased 0.56% or $0.09 during the last trading session, reaching $15.84. About 8.21M shares traded. Huntington Bancshares Incorporated (NASDAQ:HBAN) has risen 17.33% since August 12, 2017 and is uptrending. It has outperformed by 4.76% the S&P500. Some Historical HBAN News: 24/04/2018 – HUNTINGTON BANC 1Q EPS 28C; 27/04/2018 – S&P: Huntington Bancshares Rating Reflects Noncomplex Operating Model; 27/03/2018 Rational Funds Introduces the Rational/ReSolve Adaptive Asset Allocation Fund; 29/05/2018 – Huntington Banc Presenting at Deutsche Bank Conference Tomorrow

Since March 12, 2018, it had 0 insider buys, and 3 selling transactions for $5.12 million activity. 59,838 shares were sold by WEATHERUP CRAIG, worth $3.60 million on Tuesday, March 13.

Investors sentiment decreased to 0.93 in Q1 2018. Its down 0.12, from 1.05 in 2017Q4. It fall, as 61 investors sold SBUX shares while 485 reduced holdings. 118 funds opened positions while 391 raised stakes. 955.12 million shares or 2.87% less from 983.38 million shares in 2017Q4 were reported. National Bank Pictet Cie (Asia) Ltd, a Singapore-based fund reported 57,288 shares. Us Fincl Bank De reported 0.2% of its portfolio in Starbucks Corporation (NASDAQ:SBUX). Country Bank accumulated 332 shares. Pathstone Family Office Lc invested in 0.04% or 1,174 shares. Parnassus Investments Ca has 9.51 million shares. Moreover, Hightower Advisors Llc has 0.3% invested in Starbucks Corporation (NASDAQ:SBUX). Acadian Asset Mngmt Ltd Liability, a Massachusetts-based fund reported 19,859 shares. Tiaa Cref Management Ltd Limited Liability Company owns 0.33% invested in Starbucks Corporation (NASDAQ:SBUX) for 8.38M shares. Edge Wealth Mngmt reported 0% stake. Tower Rech Cap Ltd Com (Trc), New York-based fund reported 15,990 shares. 23,284 were accumulated by Optimum Inv Advsrs. Sva Plumb Wealth Mgmt Ltd Liability Corporation reported 6,511 shares. 24,165 were accumulated by Moody Retail Bank Division. Godshalk Welsh Cap Management stated it has 11,000 shares or 0.69% of all its holdings. First Republic Investment invested in 1.24 million shares or 0.57% of the stock.

More notable recent Starbucks Corporation (NASDAQ:SBUX) news were published by: Fool.com which released: “Starbucks Talks Up Its Rebound Strategy” on August 08, 2018, also Fool.com with their article: “Alibaba’s Starbucks Partnership Is Just the Start for Its Newly Acquired Delivery Network” published on August 11, 2018, Seekingalpha.com published: “Starbucks: 3 Letters For Kevin Johnson” on July 24, 2018. More interesting news about Starbucks Corporation (NASDAQ:SBUX) were released by: Seekingalpha.com and their article: “Retirement Strategies: A Look At Starbucks” published on August 10, 2018 as well as Seekingalpha.com‘s news article titled: “Starbucks: Suddenly Dysfunctional” with publication date: July 23, 2018.

Cohen & Steers Inc, which manages about $32.69B US Long portfolio, upped its stake in Ishares Msci Europe Financial (EUFN) by 36,264 shares to 133,163 shares, valued at $3.08 million in 2018Q1, according to the filing. It also increased its holding in John Hancock Preferred Income Iii (HPS) by 28,712 shares in the quarter, for a total of 145,522 shares, and has risen its stake in Gabelli Equity Trust (GAB).

Analysts await Starbucks Corporation (NASDAQ:SBUX) to report earnings on November, 1. They expect $0.61 earnings per share, up 10.91% or $0.06 from last year’s $0.55 per share. SBUX’s profit will be $822.95M for 21.11 P/E if the $0.61 EPS becomes a reality. After $0.62 actual earnings per share reported by Starbucks Corporation for the previous quarter, Wall Street now forecasts -1.61% negative EPS growth.

Among 39 analysts covering Starbucks Corporation (NASDAQ:SBUX), 21 have Buy rating, 0 Sell and 18 Hold. Therefore 54% are positive. Starbucks Corporation had 124 analyst reports since July 28, 2015 according to SRatingsIntel. RBC Capital Markets maintained the shares of SBUX in report on Friday, September 15 with “Buy” rating. The company was upgraded on Tuesday, July 28 by S&P Research. On Friday, January 26 the stock rating was maintained by Oppenheimer with “Outperform”. The rating was downgraded by Vetr on Thursday, September 3 to “Buy”. The company was maintained on Friday, October 30 by UBS. The firm has “Buy” rating by Cowen & Co given on Friday, January 19. The rating was maintained by Wedbush on Friday, July 22 with “Outperform”. The company was maintained on Monday, May 21 by UBS. The firm earned “Buy” rating on Wednesday, December 27 by Tigress Financial. BMO Capital Markets maintained the stock with “Market Perform” rating in Wednesday, June 20 report.

Among 31 analysts covering Huntington Bancshares Incorporated (NASDAQ:HBAN), 17 have Buy rating, 0 Sell and 14 Hold. Therefore 55% are positive. Huntington Bancshares Incorporated had 95 analyst reports since August 6, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Wednesday, April 25 by Nomura. Keefe Bruyette & Woods maintained the shares of HBAN in report on Thursday, June 22 with “Hold” rating. The rating was maintained by Sandler O’Neill with “Buy” on Tuesday, January 23. The stock of Huntington Bancshares Incorporated (NASDAQ:HBAN) has “Hold” rating given on Thursday, October 26 by BMO Capital Markets. The firm has “Buy” rating given on Tuesday, October 3 by BMO Capital Markets. Jefferies maintained Huntington Bancshares Incorporated (NASDAQ:HBAN) rating on Wednesday, August 8. Jefferies has “Buy” rating and $18 target. Keefe Bruyette & Woods maintained the shares of HBAN in report on Monday, February 26 with “Hold” rating. The rating was downgraded by Evercore to “Hold” on Thursday, April 21. The rating was upgraded by Bernstein to “Outperform” on Thursday, September 14. The stock has “Hold” rating by Keefe Bruyette & Woods on Thursday, December 21.

Tradition Capital Management Llc, which manages about $456.39 million and $349.59M US Long portfolio, decreased its stake in Pfizer Inc. (NYSE:PFE) by 11,725 shares to 18,516 shares, valued at $657,000 in 2018Q1, according to the filing. It also reduced its holding in Hatteras Evergreen Private Equ by 77,450 shares in the quarter, leaving it with 201,632 shares, and cut its stake in Avery Dennison Corp. (NYSE:AVY).

Investors sentiment increased to 1.35 in Q1 2018. Its up 0.13, from 1.22 in 2017Q4. It is positive, as 33 investors sold HBAN shares while 163 reduced holdings. 86 funds opened positions while 178 raised stakes. 802.30 million shares or 1.72% more from 788.75 million shares in 2017Q4 were reported. Pinebridge Ltd Partnership owns 0.43% invested in Huntington Bancshares Incorporated (NASDAQ:HBAN) for 1.21M shares. Artemis Invest Limited Liability Partnership reported 55,662 shares stake. Brandywine Glob Investment Mgmt, a Pennsylvania-based fund reported 1.03M shares. First Allied Advisory Services invested in 40,258 shares. Rafferty Asset Ltd reported 0.07% in Huntington Bancshares Incorporated (NASDAQ:HBAN). Piedmont Invest Advsr Limited Liability stated it has 0.2% in Huntington Bancshares Incorporated (NASDAQ:HBAN). Aviva Public Ltd Co holds 544,727 shares. Moreover, Paragon Capital Mngmt Limited has 0.31% invested in Huntington Bancshares Incorporated (NASDAQ:HBAN) for 46,525 shares. Moreover, Elizabeth Park Advsr Limited has 4.56% invested in Huntington Bancshares Incorporated (NASDAQ:HBAN) for 1.06 million shares. 31,664 were accumulated by Everence Mngmt Inc. State Board Of Administration Of Florida Retirement System has invested 0.06% of its portfolio in Huntington Bancshares Incorporated (NASDAQ:HBAN). Hancock Holding invested 0.09% of its portfolio in Huntington Bancshares Incorporated (NASDAQ:HBAN). First Comml Bank Of Omaha invested in 0.3% or 337,762 shares. Cibc Asset Mgmt Inc accumulated 116,163 shares. Daiwa Secs Group Inc has invested 0% in Huntington Bancshares Incorporated (NASDAQ:HBAN).

Huntington Bancshares Incorporated (NASDAQ:HBAN) Institutional Positions Chart

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