Bowen Hanes & Co Has Trimmed Stake in Canadian Nat’l Rwy Adr (Ca) (CNI) as Share Value Rose; Wellington Shields Capital Management Position in Centurylink (CTL) Lowered as Share Price Rose

December 20, 2017 - By Stephen Andrade

Wellington Shields Capital Management Llc decreased its stake in Centurylink Inc (CTL) by 61.57% based on its latest 2017Q2 regulatory filing with the SEC. Wellington Shields Capital Management Llc sold 54,157 shares as the company’s stock rose 2.43% with the market. The institutional investor held 33,798 shares of the public utilities company at the end of 2017Q2, valued at $807,000, down from 87,955 at the end of the previous reported quarter. Wellington Shields Capital Management Llc who had been investing in Centurylink Inc for a number of months, seems to be less bullish one the $18.34B market cap company. The stock decreased 1.41% or $0.245 during the last trading session, reaching $17.155. About 13.40M shares traded. CenturyLink, Inc. (NYSE:CTL) has declined 7.62% since December 20, 2016 and is downtrending. It has underperformed by 24.32% the S&P500.

Bowen Hanes & Co Inc decreased its stake in Canadian Nat’l Rwy Adr (Ca) (CNI) by 1.21% based on its latest 2017Q2 regulatory filing with the SEC. Bowen Hanes & Co Inc sold 4,257 shares as the company’s stock rose 4.48% with the market. The institutional investor held 347,303 shares of the railroads company at the end of 2017Q2, valued at $28.15 million, down from 351,560 at the end of the previous reported quarter. Bowen Hanes & Co Inc who had been investing in Canadian Nat’l Rwy Adr (Ca) for a number of months, seems to be less bullish one the $61.47 billion market cap company. The stock increased 0.07% or $0.06 during the last trading session, reaching $81.37. About 869,423 shares traded. Canadian National Railway Company (NYSE:CNI) has risen 30.03% since December 20, 2016 and is uptrending. It has outperformed by 13.33% the S&P500.

Analysts await Canadian National Railway Company (NYSE:CNI) to report earnings on January, 23. They expect $1.01 EPS, up 8.60% or $0.08 from last year’s $0.93 per share. CNI’s profit will be $762.94 million for 20.14 P/E if the $1.01 EPS becomes a reality. After $1.05 actual EPS reported by Canadian National Railway Company for the previous quarter, Wall Street now forecasts -3.81% negative EPS growth.

Bowen Hanes & Co Inc, which manages about $2.46B and $2.04 billion US Long portfolio, upped its stake in Orion Engineered Carbons (Lu) (NYSE:OEC) by 390,500 shares to 658,605 shares, valued at $13.14 million in 2017Q2, according to the filing. It also increased its holding in Xylem (NYSE:XYL) by 18,160 shares in the quarter, for a total of 30,485 shares, and has risen its stake in American Express (NYSE:AXP).

Among 25 analysts covering Canadian National Railway (NYSE:CNI), 10 have Buy rating, 2 Sell and 13 Hold. Therefore 40% are positive. Canadian National Railway had 61 analyst reports since July 21, 2015 according to SRatingsIntel. Raymond James downgraded the stock to “Mkt Perform” rating in Wednesday, October 25 report. National Bank Canada upgraded the stock to “Outperform” rating in Friday, September 11 report. The firm has “Equal Weight” rating by Barclays Capital given on Wednesday, October 28. First Analysis upgraded the stock to “Overweight” rating in Wednesday, January 27 report. As per Tuesday, September 27, the company rating was initiated by Loop Capital. The firm has “Hold” rating given on Tuesday, April 26 by TD Securities. The rating was upgraded by Raymond James to “Outperform” on Tuesday, July 26. The stock of Canadian National Railway Company (NYSE:CNI) has “Buy” rating given on Monday, February 22 by Bank of America. As per Tuesday, April 26, the company rating was maintained by Credit Suisse. RBC Capital Markets maintained it with “Outperform” rating and $81 target in Wednesday, January 27 report.

Analysts await CenturyLink, Inc. (NYSE:CTL) to report earnings on February, 14. They expect $0.34 EPS, down 37.04% or $0.20 from last year’s $0.54 per share. CTL’s profit will be $363.47 million for 12.61 P/E if the $0.34 EPS becomes a reality. After $0.42 actual EPS reported by CenturyLink, Inc. for the previous quarter, Wall Street now forecasts -19.05% negative EPS growth.

Among 20 analysts covering Centurylink Inc. (NYSE:CTL), 5 have Buy rating, 1 Sell and 14 Hold. Therefore 25% are positive. Centurylink Inc. had 55 analyst reports since July 31, 2015 according to SRatingsIntel. On Friday, August 7 the stock rating was maintained by Citigroup with “Neutral”. The company was maintained on Tuesday, October 3 by Jefferies. The stock has “Buy” rating by Oppenheimer on Thursday, August 3. SunTrust initiated CenturyLink, Inc. (NYSE:CTL) on Tuesday, December 13 with “Hold” rating. The rating was maintained by J.P. Morgan with “Buy” on Thursday, November 9. The firm has “Overweight” rating given on Wednesday, December 13 by Morgan Stanley. Morgan Stanley maintained the shares of CTL in report on Wednesday, August 23 with “Overweight” rating. SunTrust maintained it with “Hold” rating and $19.0 target in Thursday, November 9 report. The rating was upgraded by Oppenheimer to “Outperform” on Tuesday, November 8. The firm has “Underweight” rating given on Wednesday, October 4 by Barclays Capital.

Investors sentiment decreased to 1.08 in Q2 2017. Its down 0.22, from 1.3 in 2017Q1. It worsened, as 67 investors sold CTL shares while 185 reduced holdings. 81 funds opened positions while 191 raised stakes. 444.41 million shares or 7.85% more from 412.05 million shares in 2017Q1 were reported. Barrow Hanley Mewhinney And Strauss Ltd Llc invested in 0% or 69 shares. State Of Wisconsin Inv Board owns 0.03% invested in CenturyLink, Inc. (NYSE:CTL) for 391,406 shares. Kentucky Retirement Sys Insur Trust Fund stated it has 0.06% of its portfolio in CenturyLink, Inc. (NYSE:CTL). Vanguard reported 0.07% in CenturyLink, Inc. (NYSE:CTL). Louisiana State Employees Retirement holds 0.04% of its portfolio in CenturyLink, Inc. (NYSE:CTL) for 34,000 shares. Flippin Bruce Porter owns 1.3% invested in CenturyLink, Inc. (NYSE:CTL) for 241,405 shares. Nuveen Asset Mngmt Ltd reported 0.01% in CenturyLink, Inc. (NYSE:CTL). Cetera Advisor Networks Limited Liability Company, a California-based fund reported 35,602 shares. Btc Cap Management reported 100,685 shares. Gareth Morgan Limited Partnership invested 0.21% in CenturyLink, Inc. (NYSE:CTL). Nippon Life Insurance has invested 0.02% of its portfolio in CenturyLink, Inc. (NYSE:CTL). Swiss Fincl Bank invested in 0.05% or 1.90 million shares. Voya Inv Mgmt Limited Liability Company stated it has 0.19% of its portfolio in CenturyLink, Inc. (NYSE:CTL). Jfs Wealth Ltd holds 3,041 shares. Berson & Corrado Investment Advsr Limited Liability Corp owns 12,505 shares.

Wellington Shields Capital Management Llc, which manages about $901.02M and $612.90M US Long portfolio, upped its stake in Walt Disney Co/The (NYSE:DIS) by 7,315 shares to 46,014 shares, valued at $4.89 million in 2017Q2, according to the filing. It also increased its holding in Abb Limited Spons Adr (NYSE:ABB) by 19,475 shares in the quarter, for a total of 84,575 shares, and has risen its stake in Viacom Inc Cl B (NASDAQ:VIAB).

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