Centene Del (CNC) Shareholder Palisade Capital Management Lifted Position by $1.24 Million; Blair William & Company Lowered Its Holding in Walt Disney Co/The (DIS) as Market Valuation Declined

February 15, 2018 - By Dolores Ford

Palisade Capital Management Llc increased its stake in Centene Corp Del (CNC) by 13.95% based on its latest 2017Q3 regulatory filing with the SEC. Palisade Capital Management Llc bought 12,966 shares as the company’s stock rose 11.03% with the market. The hedge fund held 105,912 shares of the medical specialities company at the end of 2017Q3, valued at $10.25M, up from 92,946 at the end of the previous reported quarter. Palisade Capital Management Llc who had been investing in Centene Corp Del for a number of months, seems to be bullish on the $17.32 billion market cap company. The stock decreased 2.22% or $2.27 during the last trading session, reaching $99.86. About 1.82 million shares traded or 26.17% up from the average. Centene Corporation (NYSE:CNC) has risen 32.56% since February 15, 2017 and is uptrending. It has outperformed by 15.86% the S&P500.

Blair William & Company decreased its stake in Walt Disney Co/The (DIS) by 35.69% based on its latest 2017Q3 regulatory filing with the SEC. Blair William & Company sold 127,340 shares as the company’s stock declined 2.31% while stock markets rallied. The institutional investor held 229,463 shares of the television services company at the end of 2017Q3, valued at $22.62 million, down from 356,803 at the end of the previous reported quarter. Blair William & Company who had been investing in Walt Disney Co/The for a number of months, seems to be less bullish one the $158.10B market cap company. The stock increased 0.52% or $0.54 during the last trading session, reaching $105.14. About 4.42M shares traded. The Walt Disney Company (NYSE:DIS) has risen 9.26% since February 15, 2017 and is uptrending. It has underperformed by 7.44% the S&P500.

Blair William & Company, which manages about $13.34B US Long portfolio, upped its stake in Old Republic Intl Corp (NYSE:ORI) by 20,664 shares to 123,089 shares, valued at $2.42 million in 2017Q3, according to the filing. It also increased its holding in Chipotle Mexican Grill Inc (NYSE:CMG) by 1,572 shares in the quarter, for a total of 50,466 shares, and has risen its stake in Constellation Brands Inc (NYSE:STZ).

Investors sentiment decreased to 0.89 in Q3 2017. Its down 0.20, from 1.09 in 2017Q2. It turned negative, as 90 investors sold DIS shares while 649 reduced holdings. 95 funds opened positions while 563 raised stakes. 898.84 million shares or 2.35% less from 920.44 million shares in 2017Q2 were reported. Pinnacle Finance owns 0.5% invested in The Walt Disney Company (NYSE:DIS) for 39,261 shares. Chemung Canal Trust holds 31,983 shares or 0.72% of its portfolio. North Star Asset Management Incorporated owns 33,579 shares or 0.4% of their US portfolio. Welch And Forbes Limited Liability accumulated 70,074 shares. Lipe And Dalton reported 2,385 shares stake. 8,650 were accumulated by Chickasaw Mngmt Ltd. Aperio Grp Limited Liability Company holds 881,383 shares or 0.49% of its portfolio. 73,530 were accumulated by Fort Washington Inv Advsrs Oh. Copeland Mngmt Ltd, Pennsylvania-based fund reported 41,162 shares. National Mutual Insur Federation Of Agricultural Cooperatives accumulated 0.06% or 28,300 shares. Jnba Financial Advsr reported 24,559 shares. Community National Bank Of Raymore owns 2,278 shares. Cypress Capital Grp, a Florida-based fund reported 14,158 shares. Capwealth Advisors Ltd Liability Corporation accumulated 2,355 shares. Van Eck owns 0.16% invested in The Walt Disney Company (NYSE:DIS) for 310,191 shares.

Among 39 analysts covering The Walt Disney Company (NYSE:DIS), 23 have Buy rating, 3 Sell and 13 Hold. Therefore 59% are positive. The Walt Disney Company had 152 analyst reports since July 24, 2015 according to SRatingsIntel. The company was maintained on Monday, February 8 by Topeka Capital Markets. The rating was maintained by Goldman Sachs with “Buy” on Thursday, May 11. Cowen & Co maintained the shares of DIS in report on Friday, August 28 with “Hold” rating. The firm earned “Overweight” rating on Wednesday, April 12 by JP Morgan. The firm has “Buy” rating given on Wednesday, January 3 by Rosenblatt. As per Thursday, January 14, the company rating was initiated by Drexel Hamilton. The stock of The Walt Disney Company (NYSE:DIS) has “Neutral” rating given on Tuesday, December 15 by Goldman Sachs. The firm earned “Neutral” rating on Wednesday, May 17 by Macquarie Research. The firm earned “Hold” rating on Monday, February 5 by Cowen & Co. Jefferies maintained The Walt Disney Company (NYSE:DIS) on Monday, September 11 with “Hold” rating.

Investors sentiment decreased to 1.07 in Q3 2017. Its down 0.14, from 1.21 in 2017Q2. It dropped, as 54 investors sold CNC shares while 174 reduced holdings. 83 funds opened positions while 160 raised stakes. 150.53 million shares or 0.42% less from 151.16 million shares in 2017Q2 were reported. Fdx Advsrs Inc owns 5,633 shares or 0.01% of their US portfolio. Arizona State Retirement Systems reported 101,865 shares. Lazard Asset Mgmt Limited Company owns 168,430 shares. Murphy Mgmt holds 4,510 shares or 0.06% of its portfolio. Utah Retirement invested 0.07% in Centene Corporation (NYSE:CNC). 492,498 were accumulated by Principal Fincl Gp. First Personal reported 0.01% of its portfolio in Centene Corporation (NYSE:CNC). Affinity Advisors accumulated 0.27% or 24,513 shares. Duncker Streett Co reported 0.05% in Centene Corporation (NYSE:CNC). Gulf Savings Bank (Uk) Limited reported 51,917 shares. Smith Asset Mngmt Group Lp has invested 1.09% in Centene Corporation (NYSE:CNC). Partner Investment Mgmt Lp, California-based fund reported 16,668 shares. Parametric Portfolio Assoc Ltd Llc owns 601,373 shares. State Of Tennessee Treasury Department has invested 0.08% in Centene Corporation (NYSE:CNC). 8,010 are owned by Meiji Yasuda Asset.

Palisade Capital Management Llc, which manages about $5.40B and $2.81B US Long portfolio, decreased its stake in Wabtec Corp (NYSE:WAB) by 95,703 shares to 22,605 shares, valued at $1.71 million in 2017Q3, according to the filing. It also reduced its holding in Luxfer Hldgs Plc (NYSE:LXFR) by 101,116 shares in the quarter, leaving it with 402,910 shares, and cut its stake in Applied Matls Inc (NASDAQ:AMAT).

Among 20 analysts covering Centene Corporation (NYSE:CNC), 16 have Buy rating, 1 Sell and 3 Hold. Therefore 80% are positive. Centene Corporation had 59 analyst reports since July 22, 2015 according to SRatingsIntel. The rating was initiated by Morgan Stanley with “Overweight” on Wednesday, June 7. The firm has “Overweight” rating given on Monday, June 20 by Barclays Capital. The rating was maintained by Morgan Stanley with “Overweight” on Thursday, September 21. JP Morgan initiated the shares of CNC in report on Wednesday, December 21 with “Overweight” rating. The stock has “Buy” rating by Cantor Fitzgerald on Tuesday, February 6. The company was maintained on Wednesday, July 26 by UBS. The rating was maintained by Jefferies with “Buy” on Wednesday, June 7. Bernstein upgraded the stock to “Outperform” rating in Monday, November 14 report. The firm has “Neutral” rating given on Tuesday, December 13 by Goldman Sachs. The firm has “Market Perform” rating given on Tuesday, February 13 by Leerink Swann.

Since October 26, 2017, it had 0 buys, and 3 insider sales for $2.28 million activity. $912,625 worth of Centene Corporation (NYSE:CNC) was sold by DITMORE ROBERT K.

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