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Washington Trust Bank Reduces Stake in Constellation Brands, Inc. (STZ)

12 January 2018

The institutional investor held 151,496 shares of the miscellaneous company at the end of 2017Q3, valued at $7.99 million, up from 126,642 at the end of the previous reported quarter.

STZ traded at an unexpectedly high level on 10/01/2018 when the stock experienced a -1.22% loss to a closing price of $219.36. The company trades on average around 148000 shares per market session. It has outperformed by 0.50% the S&P500.

Suvretta Capital Management Llc increased Alphabet Inc stake by 24,102 shares to 295,257 valued at $283.18 million in 2017Q3. The hedge fund run by Steve Cohen held 882,899 shares of the beverages (production and distribution) company at the end of 2017Q3, valued at $176.09M, down from 916,068 at the end of the previous reported quarter. About 937,404 shares traded. (NASDAQ:PMTS) has declined 37.33% since January 11, 2017 and is downtrending. The company has a market cap of $29.20 billion, a price-to-earnings ratio of 23.05 and a beta of 0.50. Nuveen Asset Management Llc invested in 0.01% or 4,926 shares. 128 funds opened positions while 644 raised stakes.

Investors also need to beware of the Office Depot, Inc. PineBridge Investments L.P. now owns 690 shares of the company's stock worth $115,000 after buying an additional 530 shares in the last quarter. (NASDAQ:FB). Polar Asset Management Ptnrs has 92,500 shares. (NYSE:PFE). Sva Plumb Wealth Ltd Limited Liability Company holds 0.73% of its portfolio in Pfizer Inc. Ardevora Asset Mngmt Llp holds 0.85% in Facebook, Inc. Over the past year, shares have seen a change of 165.77%. Moreover, Benjamin F Edwards & has 0.01% invested in Constellation Brands, Inc. (NASDAQ:FB). The Georgia-based Synovus Fincl has invested 0.3% in Facebook, Inc. (NYSE:PFE). Narwhal Capital invested in 163,780 shares or 1.45% of the stock. Hbk Sorce Advisory Ltd Liability Corporation invested in 1.54% or 51,071 shares. Therefore 43% are positive. Constellation Brands had 73 analyst reports since August 27, 2015 according to SRatingsIntel. (NYSE:STZ) has "Buy" rating given on Friday, November 10 by RBC Capital Markets. The rating was initiated by Aegis Capital with "Buy" on Tuesday, January 3. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. The firm has "Overweight" rating given on Friday, March 18 by Barclays Capital. The rating was maintained by JP Morgan on Tuesday, September 27 with "Overweight". RBC Capital Markets maintained it with "Buy" rating and $22000 target in Friday, June 30 report. The stock has "Buy" rating by SunTrust on Thursday, October 6. The company was maintained on Monday, October 16 by Cowen & Co. Stifel Nicolaus has "Buy" rating and $162 target.

Since August 4, 2017, it had 0 buys, and 10 selling transactions for $16.36 million activity. Further, company shares have been seen trading -11.02% off of the 52 week high and 14.09% away from the 52 week low. While 20-Day Moving Average VS Current Price shows "Sell" Signal. KELLY BRIAN G had sold 3.69 million shares worth $228.20 million on Monday, August 7.

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Rampart Inv Mngmt Limited Liability holds 0.11% of its portfolio in Anadarko Petroleum Corporation (NYSE: APC ) for 6,872 shares. Delta Air Lines, Inc. provides scheduled air transportation for passengers and cargo in the United States and internationally.

Investors sentiment decreased to 1.14 in Q3 2017. Its up 0.42, from 0.52 in 2017Q2. It turned negative, as 40 investors sold STZ shares while 242 reduced holdings. 89 funds opened positions while 323 raised stakes. The company reported $1.96 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $1.72 by $0.24. 67,757 are owned by Comerica Commercial Bank. Prudential Incorporated has 0.12% invested in Constellation Brands, Inc. That suggests something of the likelihood of a short squeeze in shares of STZ. Peak6 Investments LP reported 12,461 shares or 0% of all its holdings. Hoertkorn Richard Charles, a California-based fund reported 9,800 shares. Profund Advisors Ltd Liability Company holds 0.04% in Constellation Brands, Inc. Stifel Nicolaus maintained Constellation Brands, Inc. Spinnaker Trust who had been investing in Constellation Brands Inc for a number of months, seems to be less bullish one the $42.77B market cap company.

First National Bank Of Hutchinson increased its stake in Constellation Brands Inc (STZ) by 99.23% based on its latest 2017Q3 regulatory filing with the SEC. The firm has "Outperform" rating given on Tuesday, April 5 by Wells Fargo. Toronto Dominion Bank now owns 65,188 shares of the company's stock worth $13,000,000 after purchasing an additional 7,086 shares in the last quarter. Texas Yale Corp invested 0.02% in American Midstream Partners, LP (NYSE:AMID).

Since August 1, 2017, it had 0 insider buys, and 5 insider sales for $24.74 million activity. Finally, TLP Group LLC bought a new stake in shares of Constellation Brands during the third quarter worth $129,000. Also, VP Thomas J. Mullin sold 50,000 shares of the firm's stock in a transaction on Monday, October 16th. The Mitchell Capital Management Co holds 28,650 shares with $5.71 million value, up from 14,384 last quarter. It also increased its holding in Td Ameritrade Hldg Corp (NYSE:AMTD) by 209,212 shares in the quarter, for a total of 636,693 shares, and has risen its stake in Jds Uniphase Corp (Prn).

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Washington Trust Bank Reduces Stake in Constellation Brands, Inc. (STZ)