Eastman Chemical Company (EMN) Position Boosted by Advisor Group Inc

Marco Green
October 4, 2017

The stock increased 0.51% or $0.76 on September 29, reaching $148.51. 2,037K shares changed hands in the last trading session. It has underperformed by 29.77% the S&P500. Prudential Financial Inc. boosted its stake in Eastman Chemical by 3.0% during the 2nd quarter. Company insiders own 1.14% of the company's stock. The SI to Eastman Chemical Company's float is 3.14%. The New York-based Sir Capital Management L.P. has invested 2.35% in the stock.

Eastman Chemical Company (EMN) pays out an annual dividend of 2.04 per share. Eastman Chem Co now has $13.15B valuation. The stock rose 0.05% or $0.07 reaching $153.88 per share.

Eastman Chemical Company (NYSE:EMN)'s latest quote $90.49 $0.1 0.59% will find technical support in $89.7 a share and a breakdown below this region would be a significantly bearish signal for Eastman Chemical Company traders.

V.F. Corporation is engaged in the design, production, procurement, marketing and distribution of branded lifestyle apparel, footwear and related products. Dw Partners Lp who had been investing in Cf Inds Hldgs Inc for a number of months, seems to be less bullish one the $8.26 billion market cap company. The Company's divisions include Outdoor & Action Sports, Jeanswear, Imagewear and Sportswear. It has a 14.52 P/E ratio. Altria Group Inc. had 42 analyst reports since July 31, 2015 according to SRatingsIntel. Zacks Investment Research cut shares of Eastman Chemical from a "buy" rating to a "hold" rating in a research report on Friday, June 30th. On Tuesday, August 15 the stock rating was maintained by Buckingham Research with "Neutral". Canaccord Genuity has "Buy" rating and $90 target. The firm earned "Equal-Weight" rating on Thursday, October 22 by Barclays Capital. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. On Tuesday, June 20 the stock rating was maintained by Jefferies with "Buy". Telsey Advisory Group maintained VF Corp (NYSE:VFC) on Tuesday, October 25 with "Outperform" rating. KeyCorp restated a "buy" rating and set a $100.00 target price on shares of Eastman Chemical in a research report on Thursday, August 24th. Beese Fulmer Investment has invested 0.53% in Altria Group Inc (NYSE:MO).

Since March 31, 2017, it had 0 buys, and 1 insider sale for $121,458 activity. It is positive, as 63 investors sold MO shares while 529 reduced holdings. 69 funds opened positions while 217 raised stakes. 35,000 Apple Inc. (NASDAQ:AAPL) shares with value of $5.39 million were sold by LEVINSON ARTHUR D. Mutual Of America Mngmt Ltd Liability Co holds 65,751 shares. Moreover, Old Mutual Customised Solutions (Proprietary) Ltd has 0.03% invested in CF Industries Holdings, Inc. State Of New Jersey Common Pension Fund D holds 1.30M shares or 0.15% of its portfolio. Panagora Asset invested in 0.01% or 17,087 shares. (NYSE:CF). Visionary Asset Mgmt Inc holds 105,626 shares. 4,373 are held by Old Natl National Bank In. Ameriprise Financial had 32 analyst reports since September 7, 2015 according to SRatingsIntel. Toronto Dominion Bancorporation invested in 0.02% or 108,913 shares. Rocky Mountain Advisers Limited Liability Corporation has 1,097 shares for 0.2% of their portfolio. Pathstone Family Office Lc reported 2,600 shares. Klingenstein Fields And Ltd Limited Liability Company owns 67,968 shares for 0.2% of their portfolio. Tru Of Vermont reported 224 shares.

Eastman Chemical Company (Eastman) is an advanced materials and specialty additives company. The institutional investor held 396,000 shares of the basic industries company at the end of 2017Q2, valued at $11.07 million, down from 616,000 at the end of the previous reported quarter. EMN's profit will be $294.10 million for 11.14 P/E if the $2.03 EPS becomes a reality. The Q4 2017 consensus earnings estimates for the company have stabilized at US$1.69 per share.

The P/E of Eastman Chemical Company is now valued at 14.52 allowing its investors to analyze the company's stock valuation and its shares relative to the income of the company that it makes. Therefore 46% are positive.

Eastman Chemical Company (Eastman) is an advanced materials and specialty additives company. On Monday, August 7 the stock rating was maintained by Cowen & Co with "Outperform". Amica Mutual Ins Co has invested 0.07% in Eastman Chemical Company (NYSE:EMN).

Eastman Chemical Company (NYSE:EMN) had an increase of 26.04% in short interest. Finally, Deutsche Bank AG reissued a "buy" rating and issued a $92.00 price objective on shares of Eastman Chemical in a research note on Wednesday, June 21st. The firm earned "Buy" rating on Wednesday, August 19 by Piper Jaffray. M&T Bancorp Corp has invested 0.05% of its portfolio in Eastman Chemical Company (NYSE:EMN). The legal version of this news story can be accessed at https://baseballnewssource.com/markets/eastman-chemical-company-emn-upgraded-to-buy-by-goldman-sachs-group-inc-the/1680051.html. RBC Capital Markets has "Hold" rating and $8600 target. The rating was upgraded by RBC Capital Markets on Monday, July 31 to "Sector Perform". The value of the investment in EMN increased from $0 to $2,389,348,000 a change of $2,389,348,000 since the last quarter.

Investors sentiment decreased to 1.14 in Q2 2017. Its up 0.03, from 0.95 in 2017Q1. It fall, as 41 investors sold EMN shares while 177 reduced holdings. 97 funds opened positions while 444 raised stakes. 116.54 million shares or 7.50% less from 125.99 million shares in 2017Q1 were reported. Contravisory reported 3,293 shares.

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