Commerce Bank Decreases Stake in Sonoco Products Co (NYSE:SON)

Sonoco Prods Co now has $4.85B valuation. The stock decreased 0.65% or $1.16 during the last trading session, reaching $177.42. About 74,685 shares traded.

Sonoco Products (NYSE:SON) last released its quarterly earnings data on Thursday, February 15th. It has underperformed by 7.15% the S&P500.

Eubel Brady & Suttman Asset Management Inc decreased its stake in Stryker Corp (SYK) by 5.45% based on its latest 2017Q3 regulatory filing with the SEC. Manning & Napier Advsr Ltd Com reported 42,172 shares. The stock increased 2.08% or $0.52 during the last trading session, reaching $25.7. About 1.79 million shares traded. Enterprise Products Partners L.P. (NYSE:EPD) has declined 0.18% since March 9, 2017 and is downtrending. It has outperformed by 20.93% the S&P500.

Since October 17, 2017, it had 1 buy, and 8 insider sales for $7.20 million activity. $295,754 worth of stock was sold by Saunders Barry L on Thursday, October 26. (NYSE:OAS) on Friday, September 22.

Investors sentiment increased to 1.47 in 2017 Q3. Its down 0.08, from 1.27 in 2017Q2. Michigan-based Ls Inv Advisors Lc has invested 0.02% in Sonoco Products Company (NYSE:SON). 70 funds opened positions while 213 raised stakes. 796.24 million shares or 3.15% less from 822.13 million shares in 2017Q2 were reported. Carroll Fincl Associate holds 0% or 269 shares in its portfolio.

Eubel Brady & Suttman Asset Management Inc, which manages about $789.30 million and $326.02M US Long portfolio, upped its stake in Servisfirst Bancshares Inc (NASDAQ:SFBS) by 31,334 shares to 202,030 shares, valued at $7.85M in 2017Q3, according to the filing. (NYSE:OAS). Westpac Bk has invested 0.1% in Oasis Petroleum Inc. Adage Gru Limited holds 0.11% or 784,977 shares. Lee Danner Bass holds 0.56% or 93,717 shares in its portfolio. Victory Mgmt Inc has invested 0.07% of its portfolio in Oasis Petroleum Inc. Riverhead Cap Mgmt Ltd Liability Co holds 60,055 shares or 0.14% of its portfolio. Chem Fincl Bank reported 15,569 shares. Scepter holds 4.45% of its portfolio in Oasis Petroleum Inc. (NYSE:LUV). Buckingham Capital holds 179,847 shares or 1.33% of its portfolio.

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Holderness Investments Company increased its stake in Sonoco Prods Co (SON) by 90.77% based on its latest 2017Q3 regulatory filing with the SEC. Gmt Cap has invested 0.42% in Oasis Petroleum Inc.

Holderness Investments Company, which manages about $115.47 million and $192.42 million US Long portfolio, decreased its stake in Wisdomtree Tr (HEDJ) by 9,911 shares to 17,353 shares, valued at $1.12 million in 2017Q3, according to the filing.

Among 36 analysts covering Oasis Petroleum Inc. One analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. Therefore 71% are positive. Mizuho downgraded Oasis Petroleum Inc. (NYSE:OAS) on Wednesday, December 21 to "Neutral" rating. The rating was maintained by Jefferies with "Hold" on Tuesday, August 1. The firm has "Buy" rating by Robert W. Baird given on Friday, October 13. The firm earned "Underweight" rating on Friday, October 20 by Barclays Capital. The stock has an average rating of "Hold" and a consensus target price of $53.29. As per Wednesday, January 20, the company rating was upgraded by Morgan Stanley. Citigroup maintained the shares of OAS in report on Thursday, April 7 with "Neutral" rating. The firm has "Buy" rating given on Thursday, June 8 by RBC Capital Markets.

Since September 15, 2017, it had 0 insider buys, and 4 insider sales for $366,758 activity. The insider Carpenter Lonny J sold 5,000 shares worth $818,792. On Friday, September 15 the insider Florence John M sold $3,658. Finally, State of New Jersey Common Pension Fund D acquired a new position in shares of Sonoco Products in the third quarter worth about $1,261,000.

Investors sentiment decreased to 0.93 in Q3 2017. Its down 0.05, from 1.19 in 2017Q2. It fall, as 59 investors sold HD shares while 562 reduced holdings. 121 funds opened positions while 587 raised stakes. Sonoco Products's payout ratio is now 126.83%. Estabrook Capital Management who had been investing in Sonoco Products for a number of months, seems to be less bullish one the $4.85B market cap company.

Sonoco Products Company manufactures and sells industrial and consumer packaging products in North and South America, Europe, Australia, and Asia. KeyCorp reiterated a "hold" rating on shares of Sonoco Products in a research note on Sunday, December 3rd. Orrstown Serv Inc holds 0% or 25 shares in its portfolio. Bessemer Gp reported 105,863 shares. The firm presently has a $56.00 price objective on the industrial products company's stock. Davidson & Garrard Inc has invested 0.2% in The Home Depot, Inc. Legal & General Public Limited Company has 134,510 shares for 0.01% of their portfolio. Macquarie Grp Inc reported 11,062 shares or 0% of all its holdings. Aperio Group Ltd Limited Liability Company accumulated 0.02% or 80,971 shares. The company's quarterly revenue was up 13.7% on a year-over-year basis. sell-side analysts expect that Sonoco Products will post 3.2 earnings per share for the current year. Therefore 23% are positive. BB&T Corp now owns 7,354 shares of the industrial products company's stock worth $371,000 after acquiring an additional 945 shares in the last quarter. TheStreet cut Sonoco Products from a "b" rating to a "c+" rating in a research note on Friday, February 16th. UBS maintained the stock with "Buy" rating in Friday, March 2 report. The stock has "Sell" rating by Vertical Research on Friday, July 21. Needham downgraded Stryker Corporation (NYSE:SYK) on Monday, September 28 to "Hold" rating. On Monday, December 7 the stock rating was maintained by Telsey Advisory Group with "Outperform". The stock of Stryker Corporation (NYSE:SYK) has "Buy" rating given on Wednesday, August 23 by Canaccord Genuity. Zacks Investment Research upgraded Sonoco Products from a "hold" rating to a "buy" rating and set a $55.00 target price on the stock in a research report on Monday, February 26th. The rating was downgraded by Vertical Research to "Sell" on Friday, July 22. As per Monday, November 16, the company rating was reinitiated by Deutsche Bank. The firm has "Hold" rating by BMO Capital Markets given on Wednesday, September 27. The industrial products company reported $0.72 EPS for the quarter, missing analysts' consensus estimates of $0.73 by ($0.01). After $0.72 actual EPS reported by Sonoco Products Company for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

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