Alecta Pensionsforsakring Omsesidigt Trimmed Its Nike (NKE) Position by $12.60 Million; Stock Price Declined; Systematic Financial Management LP Has Trimmed Its Stake in Comerica (CMA) as Stock Declined

Comerica Incorporated (NYSE:CMA) Logo

Systematic Financial Management Lp decreased its stake in Comerica Inc. (CMA) by 70.41% based on its latest 2019Q1 regulatory filing with the SEC. Systematic Financial Management Lp sold 178,103 shares as the company’s stock declined 13.66% while stock markets rallied. The institutional investor held 74,855 shares of the major banks company at the end of 2019Q1, valued at $5.49 million, down from 252,958 at the end of the previous reported quarter. Systematic Financial Management Lp who had been investing in Comerica Inc. for a number of months, seems to be less bullish one the $11.01B market cap company. The stock increased 0.35% or $0.25 during the last trading session, reaching $73.49. About 1.88 million shares traded or 5.80% up from the average. Comerica Incorporated (NYSE:CMA) has declined 25.60% since July 31, 2018 and is downtrending. It has underperformed by 30.03% the S&P500. Some Historical CMA News: 09/03/2018 - Comerica California Market President Judith S. Love to Retire in June; 17/04/2018 - COMERICA INC QTRLY ADJUSTED NET INCOME OF $1.54 PER SHARE; 17/04/2018 - Comerica Sees 2Q Provision for Credit Losses Higher Vs. 1Q; 14/03/2018 - Comerica: Legacy Sterling Warrants Exercise Price Will Be Reduced to $7.159 a Shr; 17/04/2018 - Comerica 1Q Adj EPS $1.54; 17/04/2018 - COMERICA SEES HIGHER 2Q AND YR AVERAGE LOANS; 17/04/2018 - COMERICA 1Q EPS $1.59; 14/03/2018 - Comerica Announces Adjustments for Legacy Sterling Warrants; 01/05/2018 - Comerica Bank Selects Steve Richins to Lead its Arizona Market; 21/04/2018 - DJ Comerica Incorporated, Inst Holders, 1Q 2018 (CMA)

Alecta Pensionsforsakring Omsesidigt decreased its stake in Nike Inc (NKE) by 6.06% based on its latest 2019Q1 regulatory filing with the SEC. Alecta Pensionsforsakring Omsesidigt sold 150,000 shares as the company’s stock declined 1.63% while stock markets rallied. The institutional investor held 2.33M shares of the consumer non-durables company at the end of 2019Q1, valued at $195.74 million, down from 2.48M at the end of the previous reported quarter. Alecta Pensionsforsakring Omsesidigt who had been investing in Nike Inc for a number of months, seems to be less bullish one the $135.47 billion market cap company. The stock decreased 0.85% or $0.74 during the last trading session, reaching $86.46. About 3.50 million shares traded. NIKE, Inc. (NYSE:NKE) has risen 22.04% since July 31, 2018 and is uptrending. It has outperformed by 17.61% the S&P500. Some Historical NKE News: 19/03/2018 - Nike Female Employees’ Survey Triggered Formal Review at Company; 22/03/2018 - Nike: Inventories Were $5.4 Billion at Feb. 28; 22/03/2018 - NIKE: EXPANDING PRODUCT OFFERINGS ON AMAZON PILOT; 15/03/2018 - Nike, Inc. Announces That Mark Parker Will Continue as Chairman, President and CEO beyond 2020; 31/05/2018 - ♫ Reuters Insider - Adidas scores against Nike in World Cup deals; 02/04/2018 - Nike also saw strong growth in its Jordan brand, sportswear and running divisions; 16/03/2018 - Second Top Nike Executive Departs Amid Complaints of Workplace Behavior; 07/05/2018 - NIKE, Inc. Announces Rosemary St. Clair as new VP, GM of Global Women’s and Cesar Garcia as new VP, GM of Global Running; 22/03/2018 - NIKE INC - QTRLY GREATER CHINA TOTAL REVENUE $1,336 MLN VS $1,075 MLN REPORTED LAST YEAR; 30/04/2018 - NIKE, Inc. Announces Amy Montagne as New VP, GM of Global Categories

Analysts await Comerica Incorporated (NYSE:CMA) to report earnings on October, 15. They expect $1.98 EPS, up 6.45% or $0.12 from last year’s $1.86 per share. CMA’s profit will be $296.58M for 9.28 P/E if the $1.98 EPS becomes a reality. After $1.94 actual EPS reported by Comerica Incorporated for the previous quarter, Wall Street now forecasts 2.06% EPS growth.

Systematic Financial Management Lp, which manages about $14.04 billion and $2.92 billion US Long portfolio, upped its stake in First Citizens Bancshares Inc. (NASDAQ:FCNCA) by 2,221 shares to 114,073 shares, valued at $46.45 million in 2019Q1, according to the filing. It also increased its holding in Lexington Realty Trust (Reit) (NYSE:LXP) by 187,986 shares in the quarter, for a total of 2.17M shares, and has risen its stake in Stoneridge Inc. (NYSE:SRI).

More notable recent Comerica Incorporated (NYSE:CMA) news were published by: Streetinsider.com which released: “Comerica (CMA) Raises Quarterly Dividend 11.7% to $0.67; Approves 15M Share Buyback - StreetInsider.com” on January 22, 2019, also Investorplace.com with their article: “15 Stocks to Buy Leading the Financial Charge - Investorplace.com” published on April 02, 2019, Benzinga.com published: “Benzinga’s Top Upgrades, Downgrades For July 2, 2019 - Benzinga” on July 02, 2019. More interesting news about Comerica Incorporated (NYSE:CMA) were released by: 247Wallst.com and their article: “Merrill Lynch Sours on More Regional Banks With Fresh Analyst Downgrades - 24/7 Wall St.” published on July 11, 2019 as well as 247Wallst.com‘s news article titled: “Top Analyst Upgrades and Downgrades: Altria, Charles Schwab, Charter Communications, Comerica, Morgan Stanley, Slack, Snap, Wells Fargo, Zoom Video and More - 24/7 Wall St.” with publication date: July 12, 2019.

Investors sentiment increased to 1.12 in 2019 Q1. Its up 0.22, from 0.9 in 2018Q4. It increased, as 32 investors sold CMA shares while 167 reduced holdings. 73 funds opened positions while 149 raised stakes. 123.21 million shares or 4.56% less from 129.09 million shares in 2018Q4 were reported. Washington Tru Bank & Trust holds 0.02% of its portfolio in Comerica Incorporated (NYSE:CMA) for 1,543 shares. Deutsche Bank & Trust Ag holds 0.04% in Comerica Incorporated (NYSE:CMA) or 811,265 shares. Fruth Inv Mngmt invested 0.13% in Comerica Incorporated (NYSE:CMA). Acadian Asset Mngmt Ltd Liability Company has invested 0.11% in Comerica Incorporated (NYSE:CMA). Wellington Grp Llp has invested 0.02% of its portfolio in Comerica Incorporated (NYSE:CMA). American Gru Inc invested in 0.02% or 83,436 shares. Caisse De Depot Et Placement Du Quebec holds 14,001 shares or 0% of its portfolio. Tokio Marine Asset Co Limited has 24,603 shares for 0.33% of their portfolio. Bluemar Mgmt has invested 2.18% of its portfolio in Comerica Incorporated (NYSE:CMA). Ontario Teachers Pension Plan Board holds 9,097 shares. Credit Agricole S A holds 12,921 shares or 0.05% of its portfolio. Fjarde Ap, Alabama-based fund reported 41,783 shares. Cls Invests Ltd Company owns 43 shares. Greenleaf has invested 0% in Comerica Incorporated (NYSE:CMA). Systematic Management Ltd Partnership holds 0.19% in Comerica Incorporated (NYSE:CMA) or 74,855 shares.

Alecta Pensionsforsakring Omsesidigt, which manages about $11.68 billion US Long portfolio, upped its stake in Rockwell Automation Inc (NYSE:ROK) by 300,000 shares to 3.03M shares, valued at $531.31M in 2019Q1, according to the filing. It also increased its holding in Borg Warner Inc (NYSE:BWA) by 530,000 shares in the quarter, for a total of 6.08 million shares, and has risen its stake in Wabtec Corp (NYSE:WAB).

Investors sentiment increased to 1.1 in Q1 2019. Its up 0.05, from 1.05 in 2018Q4. It improved, as 40 investors sold NKE shares while 430 reduced holdings. 116 funds opened positions while 402 raised stakes. 991.91 million shares or 2.39% less from 1.02 billion shares in 2018Q4 were reported. Cullinan Assocs has 0.56% invested in NIKE, Inc. (NYSE:NKE) for 87,975 shares. Schmidt P J Investment Mngmt Incorporated reported 1.12% in NIKE, Inc. (NYSE:NKE). Kings Point Mgmt, New York-based fund reported 40,231 shares. First Hawaiian National Bank & Trust reported 0.17% stake. Spectrum Management Gp Incorporated, Indiana-based fund reported 600 shares. Sageworth Tru reported 36 shares. Cleararc holds 0.48% in NIKE, Inc. (NYSE:NKE) or 30,548 shares. Pekin Hardy Strauss Inc has 0.04% invested in NIKE, Inc. (NYSE:NKE). Raymond James & Associate invested in 0.13% or 998,779 shares. Patten And Patten Tn invested in 0.88% or 95,572 shares. 1,743 were accumulated by American Rech And Management. Horan Mgmt accumulated 0.57% or 36,518 shares. Coastline Tru holds 60,943 shares or 0.77% of its portfolio. 244,886 were reported by Texas Permanent School Fund. California-based Private Ocean Limited Liability Com has invested 0.05% in NIKE, Inc. (NYSE:NKE).

Since February 4, 2019, it had 0 insider buys, and 1 insider sale for $12.30 million activity.

Analysts await NIKE, Inc. (NYSE:NKE) to report earnings on September, 24. They expect $0.71 earnings per share, up 5.97% or $0.04 from last year’s $0.67 per share. NKE’s profit will be $1.11 billion for 30.44 P/E if the $0.71 EPS becomes a reality. After $0.62 actual earnings per share reported by NIKE, Inc. for the previous quarter, Wall Street now forecasts 14.52% EPS growth.

NIKE, Inc. (NYSE:NKE) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.