Earnest Partners LLC Sells 6732 Shares of Sonoco Products Company (NYSE:SON)

Lloyd Doyle
October 21, 2017

Jpmorgan Chase & Company increased Sonoco Prods Co (SON) stake by 1.17% reported in 2017Q2 SEC filing. On a different note, the stock is 4.53% above its 50-day moving average, providing a measure of support for short positions. Macquarie Research upgraded it to "Outperform" rating and $50 target in Monday, November 23 report. On average, equities research analysts predict that Sonoco Products Co. will post $2.74 earnings per share for the current fiscal year. Jefferies maintained it with "Hold" rating and $48.0 target in Wednesday, September 6 report. The firm has "Hold" rating given on Wednesday, July 19 by BMO Capital Markets. The rating was maintained by Jefferies on Monday, June 26 with "Hold". KeyCorp reissued a "hold" rating on shares of Sonoco Products in a research report on Thursday. Geode Mgmt Ltd Limited Liability Company invested 0.02% of its portfolio in Sonoco Products Co (NYSE:SON). This number is based on the 4 sell-side firms polled by Zacks. The firm earned "Underweight" rating on Monday, July 24 by Barclays Capital. Old Republic Interest Corp reported 0.59% stake. Parallax Volatility Advisers Limited Partnership holds 0% of its portfolio in Sonoco Products Co (NYSE:SON) for 620 shares. Boeing Co now has $152.49 billion valuation. XEL stock price traded with surging change along with the volume 2.81 million shares in Tuesday trading session. The company had a trading volume of 669,342 shares. Carter's, Inc. (NYSE:CRI) has declined 16.63% since October 20, 2016 and is downtrending. It has underperformed by 2.11% the S&P500. Figuring out when to sell an underperforming stock may end up being just as important as figuring out which stocks to buy. Therefore 57% are positive.

A number of equities analysts have commented on SON shares. The stock of Carter's, Inc. The rating was downgraded by Citigroup to "Neutral" on Thursday, December 17. (NYSE:CRI) earned "Outperform" rating by Oppenheimer on Monday, January 4.

For example, at one brokerage "buy" may be the strongest recommendation, while at another "buy" could be second to a "strong buy" rating. J.P. Morgan upgraded the stock to "Buy" rating in Friday, July 14 report. The rating was downgraded by Wells Fargo to "Market Perform" on Tuesday, September 27. The firm has "Underperform" rating given on Wednesday, April 20 by Bank of America.

Investors sentiment is 1.27 in Q2 2017. Its down 0.24, from 1.52 in 2017Q1. Short shares fell from 3,643,641 to 3,426,958 over that timeframe. 53 funds opened positions while 108 raised stakes.


Paradice Investment Management Llc holds 4.53% of its portfolio in Capstead Mortgage Corporation for 5.47 million shares. It also reduced Conocophillips (NYSE:COP) stake by 8,538 shares and now owns 39,130 shares. United Services Automobile Association now owns 18,360 shares of the industrial products company's stock valued at $972,000 after acquiring an additional 9,600 shares in the last quarter. Advisory Services Network, LLC claims 19,241 shares valued at $971,000. (NYSE:CRI) for 1,403 shares. 154,044 were reported by Aristotle Boston Lc. Pinnacle Financial Partners owns 15,289 shares or 0.11% of their U.S. portfolio. West Virginia-based Wesbanco Bancshares has invested 0.04% in Carter's, Inc. (NYSE:CRI). 71,568 were reported by Royal Financial Bank Of Canada. 312,100 are owned by New York State Common Retirement Fund. Bahl Gaynor Incorporated has 10,823 shares. Jpmorgan Chase And reported 935,700 shares or 0.02% of all its holdings. State Of Alaska Department Of Revenue has 55,577 shares for 0.75% of their portfolio. 50,167 were accumulated by Nomura Holdings. Looking further out we can see that the stock has moved -0.23% over the past 12 weeks and -0.68% year to date.

Sonoco Products Company was upgraded to "hold" by analysts at Vertical Research Partners. The company has market cap of $5.17 billion. The Firm operates in four divisions: Consumer Packaging, Paper and Industrial Converted Products, Display and Packaging, and Protective Solutions. It has a 15.96 P/E ratio. The Company's Consumer Packaging segment's services and products include round composite cans, aluminum, steel and peelable membrane easy-open closures for composite and metal cans; plastic bottles, cups and trays, and printed flexible packaging and global brand management. About 406,700 shares traded. Finally, Ameriprise Financial Inc. boosted its position in shares of Sonoco Products by 12.8% in the second quarter. It has underperformed by 7.15% the S&P500.The move comes after 7 months positive chart setup for the $5.20B company.

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