Cullinan Associates Increased Its B B & T (BBT) Position; Canada Pension Plan Investment Board Trimmed Its Franco Nevada Com (FNV) Position

July 17, 2017 - By Peter Erickson

Cullinan Associates Inc increased B B & T Corp (BBT) stake by 4.31% reported in 2016Q4 SEC filing. Cullinan Associates Inc acquired 9,969 shares as B B & T Corp (BBT)’s stock declined 11.91%. The Cullinan Associates Inc holds 241,324 shares with $11.35M value, up from 231,355 last quarter. B B & T Corp now has $35.76B valuation. The stock decreased 1.67% or $0.76 on July 14, reaching $44.81. About shares traded. BB&T Corporation (NYSE:BBT) has risen 20.68% since July 17, 2016 and is uptrending. It has outperformed by 3.98% the S&P500.

Canada Pension Plan Investment Board decreased Franco Nevada Corp Com (FNV) stake by 98.97% reported in 2016Q4 SEC filing. Canada Pension Plan Investment Board sold 6,415 shares as Franco Nevada Corp Com (FNV)’s stock rose 8.53%. The Canada Pension Plan Investment Board holds 67 shares with $4,000 value, down from 6,482 last quarter. Franco Nevada Corp Com now has $12.88B valuation. The stock increased 1.11% or $0.78 on July 14, reaching $71.27. About shares traded. Franco Nevada Corp (NYSE:FNV) has risen 12.51% since July 17, 2016 and is uptrending. It has underperformed by 4.19% the S&P500.

Since January 23, 2017, it had 0 insider purchases, and 22 selling transactions for $56.44 million activity. Another trade for 160,595 shares valued at $7.27 million was sold by DUCK BARBARA F. Johnson Robert Jerome JR sold $376,735 worth of BB&T Corporation (NYSE:BBT) on Monday, January 23. Bradley W Bennett sold $1.32M worth of BB&T Corporation (NYSE:BBT) on Monday, January 23. 7,893 shares valued at $372,490 were sold by BANNER JENNIFER S on Monday, February 13. 181,247 shares were sold by Henson Christopher L, worth $8.23 million on Monday, January 23. $677,297 worth of BB&T Corporation (NYSE:BBT) was sold by Weaver David Hudson on Tuesday, January 24. $6.00 million worth of BB&T Corporation (NYSE:BBT) was sold by Goodrich Donna C on Monday, January 23.

Investors sentiment decreased to 1.17 in 2016 Q4. Its down 0.18, from 1.35 in 2016Q3. It fall, as 47 investors sold BBT shares while 271 reduced holdings. 109 funds opened positions while 262 raised stakes. 518.52 million shares or 2.79% more from 504.45 million shares in 2016Q3 were reported. First Natl Trust invested in 65,543 shares or 0.43% of the stock. Charter invested in 0.08% or 14,477 shares. Creative Planning has 103,537 shares for 0.03% of their portfolio. Hightower Advsrs Ltd Liability, a Illinois-based fund reported 238,683 shares. Moreover, Sandy Spring Comml Bank has 0.05% invested in BB&T Corporation (NYSE:BBT). Letko Brosseau & Associates reported 0.61% of its portfolio in BB&T Corporation (NYSE:BBT). Tci Wealth Advsrs Incorporated invested in 85 shares or 0% of the stock. The Georgia-based Bowen Hanes And has invested 0.08% in BB&T Corporation (NYSE:BBT). 4,700 are held by Yorktown Management Research Co. Goldman Sachs accumulated 0.07% or 5.60 million shares. Nationwide Fund Advsr reported 0.16% stake. Community Commercial Bank Na invested 0.02% in BB&T Corporation (NYSE:BBT). Moreover, Manchester Cap Mgmt Ltd Liability Corporation has 0.02% invested in BB&T Corporation (NYSE:BBT) for 2,122 shares. State Of Wisconsin Invest Board owns 0.08% invested in BB&T Corporation (NYSE:BBT) for 412,377 shares. Mcmillion Cap Mgmt Inc reported 87,501 shares stake.

Cullinan Associates Inc decreased Adobe (NASDAQ:ADBE) stake by 14,815 shares to 36,705 valued at $3.78 million in 2016Q4. It also reduced Lowes Companies Inc (NYSE:LOW) stake by 18,860 shares and now owns 118,262 shares. Abbvie Inc (NYSE:ABBV) was reduced too.

Among 24 analysts covering BB&T Corp (NYSE:BBT), 9 have Buy rating, 2 Sell and 13 Hold. Therefore 38% are positive. BB&T Corp had 49 analyst reports since July 17, 2015 according to SRatingsIntel. The firm has “Market Perform” rating given on Tuesday, November 15 by BMO Capital Markets. Oppenheimer maintained BB&T Corporation (NYSE:BBT) on Wednesday, August 19 with “Hold” rating. The stock of BB&T Corporation (NYSE:BBT) has “Equal Weight” rating given on Friday, October 16 by Barclays Capital. Robert W. Baird upgraded BB&T Corporation (NYSE:BBT) on Wednesday, September 2 to “Outperform” rating. Sandler O’Neill downgraded BB&T Corporation (NYSE:BBT) on Wednesday, June 29 to “Hold” rating. As per Friday, September 23, the company rating was maintained by CLSA. The company was downgraded on Monday, July 11 by Robert W. Baird. The rating was upgraded by Hilliard Lyons on Monday, January 23 to “Buy”. FBR Capital maintained the shares of BBT in report on Thursday, January 19 with “Mkt Perform” rating. On Friday, May 26 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”.

Among 16 analysts covering Franco-Nevada Corp (NYSE:FNV), 8 have Buy rating, 1 Sell and 7 Hold. Therefore 50% are positive. Franco-Nevada Corp had 32 analyst reports since August 11, 2015 according to SRatingsIntel. The company was maintained on Tuesday, August 11 by Canaccord Genuity. Credit Suisse downgraded the shares of FNV in report on Thursday, February 4 to “Neutral” rating. The firm has “Neutral” rating by UBS given on Monday, March 28. RBC Capital Markets maintained the stock with “Outperform” rating in Tuesday, October 6 report. The firm earned “Market Perform” rating on Thursday, May 12 by BMO Capital Markets. The firm has “Hold” rating given on Tuesday, December 20 by Deutsche Bank. The firm has “Outperform” rating given on Monday, September 14 by BMO Capital Markets. On Thursday, June 15 the stock rating was maintained by Raymond James with “Outperform”. The firm has “Buy” rating given on Tuesday, November 15 by Canaccord Genuity. The stock of Franco Nevada Corp (NYSE:FNV) has “Outperform” rating given on Monday, August 24 by RBC Capital Markets.

Analysts await Franco Nevada Corp (NYSE:FNV) to report earnings on August, 8 after the close. They expect $0.25 EPS, up 13.64% or $0.03 from last year’s $0.22 per share. FNV’s profit will be $45.18M for 71.27 P/E if the $0.25 EPS becomes a reality. After $0.25 actual EPS reported by Franco Nevada Corp for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

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