Covington Capital Management decreased United Technologies Corp (UTX) stake by 16.88% reported in 2018Q1 SEC filing. Covington Capital Management sold 8,712 shares as United Technologies Corp (UTX)’s stock declined 6.23%. The Covington Capital Management holds 42,887 shares with $5.40 million value, down from 51,599 last quarter. United Technologies Corp now has $100.97B valuation. The stock increased 0.87% or $1.09 during the last trading session, reaching $126.2. About 2.71M shares traded. United Technologies Corporation (NYSE:UTX) has risen 3.91% since May 30, 2017 and is uptrending. It has underperformed by 8.66% the S&P500.
Biotime Inc (NYSEAMERICAN:BTX) had an increase of 2.4% in short interest. BTX’s SI was 8.26M shares in May as released by FINRA. Its up 2.4% from 8.07 million shares previously. With 672,000 avg volume, 12 days are for Biotime Inc (NYSEAMERICAN:BTX)’s short sellers to cover BTX’s short positions. The SI to Biotime Inc’s float is 9.3%. The stock increased 1.37% or $0.03 during the last trading session, reaching $2.22. About 186,237 shares traded. BioTime, Inc. (NYSEAMERICAN:BTX) has declined 32.93% since May 30, 2017 and is downtrending. It has underperformed by 45.50% the S&P500.
Covington Capital Management increased Qualcomm Inc (NASDAQ:QCOM) stake by 7,025 shares to 80,752 valued at $4.47M in 2018Q1. It also upped Disney Walt Co (NYSE:DIS) stake by 3,195 shares and now owns 183,444 shares. International Business Machs (NYSE:IBM) was raised too.
Investors sentiment increased to 0.94 in 2018 Q1. Its up 0.02, from 0.92 in 2017Q4. It improved, as 62 investors sold UTX shares while 542 reduced holdings. 98 funds opened positions while 467 raised stakes. 630.65 million shares or 1.06% more from 624.06 million shares in 2017Q4 were reported. Godsey And Gibb Associates invested in 2.58% or 116,496 shares. Northstar Investment Advsr Ltd reported 0.51% in United Technologies Corporation (NYSE:UTX). Jpmorgan Chase has 0.22% invested in United Technologies Corporation (NYSE:UTX) for 8.25M shares. Beutel Goodman Communications Ltd owns 181,368 shares for 0.14% of their portfolio. Management Of Virginia Limited Company invested 0.72% in United Technologies Corporation (NYSE:UTX). Evercore Wealth Management Ltd Liability Co accumulated 55,029 shares. Destination Wealth Management, California-based fund reported 137 shares. National Registered Investment Advisor Inc invested in 0.46% or 7,355 shares. South State invested in 69,796 shares or 1.01% of the stock. Peoples Corporation has invested 0.8% in United Technologies Corporation (NYSE:UTX). Janney Montgomery Scott Ltd Llc reported 251,472 shares. Wafra Advisory New York has invested 0.31% in United Technologies Corporation (NYSE:UTX). Global X Mgmt Ltd Limited Liability Company reported 7,326 shares. Burgundy Asset Mngmt Limited invested in 4.03% or 3.41M shares. 70,208 are held by Asset.
Since December 13, 2017, it had 1 insider buy, and 6 selling transactions for $1.25 million activity. On Wednesday, May 2 the insider MCDONOUGH ROBERT J sold $1.28 million. Shares for $274,217 were sold by Bailey Robert J.. 9,000 shares were bought by Reynolds Fredric G, worth $1.09M. Amato Elizabeth B sold $546,600 worth of stock.
Among 22 analysts covering United Technologies Corporation (NYSE:UTX), 13 have Buy rating, 0 Sell and 9 Hold. Therefore 59% are positive. United Technologies Corporation had 86 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of United Technologies Corporation (NYSE:UTX) earned “Hold” rating by Deutsche Bank on Wednesday, September 6. The stock of United Technologies Corporation (NYSE:UTX) has “Overweight” rating given on Tuesday, December 5 by Atlantic Securities. On Tuesday, May 3 the stock rating was downgraded by RBC Capital Markets to “Sector Perform”. Jefferies maintained the stock with “Buy” rating in Thursday, January 25 report. RBC Capital Markets maintained the shares of UTX in report on Sunday, October 8 with “Hold” rating. The company was maintained on Thursday, September 10 by Citigroup. JP Morgan initiated the shares of UTX in report on Thursday, October 8 with “Neutral” rating. The stock of United Technologies Corporation (NYSE:UTX) has “Neutral” rating given on Thursday, October 6 by Robert W. Baird. RBC Capital Markets maintained United Technologies Corporation (NYSE:UTX) rating on Friday, August 11. RBC Capital Markets has “Hold” rating and $12500 target. The firm has “Buy” rating by Jefferies given on Monday, August 24.
Analysts await United Technologies Corporation (NYSE:UTX) to report earnings on July, 24. They expect $1.84 earnings per share, down 0.54% or $0.01 from last year’s $1.85 per share. UTX’s profit will be $1.47B for 17.15 P/E if the $1.84 EPS becomes a reality. After $1.77 actual earnings per share reported by United Technologies Corporation for the previous quarter, Wall Street now forecasts 3.95% EPS growth.
More news for United Technologies Corporation (NYSE:UTX) were recently published by: 247Wallst.com, which released: “Chinese Aircraft Maker Comac Gets Bids for Wide-Body Engines” on May 30, 2018. Prnewswire.com‘s article titled: “Otis Signs Historic Escalator Contract with SNCF French Rail” and published on May 30, 2018 is yet another important article.
The post Covington Capital Management Lowered United Technologies (UTX) Holding; Shorts at Biotime (NYSEAMERICAN:BTX) Raised By 2.4% appeared first on Stock Market News | HillCountryTimes | Get it Today.
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