Country Trust Bank Lowered Stake in Express Scripts Holding Co (ESRX) as Share Value Declined

January 14, 2018 - By Maria Brooks

Investors sentiment increased to 0.62 in 2017 Q3. Its up 0.06, from 0.56 in 2017Q2. It increased, as 66 investors sold ESRX shares while 414 reduced holdings. 72 funds opened positions while 224 raised stakes. 486.80 million shares or 2.59% less from 499.72 million shares in 2017Q2 were reported. Utah Retirement holds 0.15% or 106,014 shares in its portfolio. South Dakota Inv Council has 0.04% invested in Express Scripts Holding Company (NASDAQ:ESRX) for 30,100 shares. Moreover, Eqis Mgmt has 0.09% invested in Express Scripts Holding Company (NASDAQ:ESRX). Partnervest Advisory Lc invested 0.13% in Express Scripts Holding Company (NASDAQ:ESRX). Montag A And Assocs holds 0.05% or 6,860 shares. Milestone Group Inc holds 0.03% or 3,159 shares. Envestnet Asset Mngmt Inc, Illinois-based fund reported 117,929 shares. Factory Mutual holds 0.52% or 753,348 shares. Assetmark reported 6,614 shares. Mackenzie Corporation holds 355,230 shares. Clark Estates New York stated it has 0.56% in Express Scripts Holding Company (NASDAQ:ESRX). Cambridge Advsrs Inc has 49,184 shares for 0.04% of their portfolio. Optimum Inv Advsrs owns 5,471 shares. Dillon & Associates has invested 0.13% in Express Scripts Holding Company (NASDAQ:ESRX). Fjarde Ap has 142,743 shares for 0.17% of their portfolio.

Country Trust Bank decreased its stake in Express Scripts Holding Co (ESRX) by 14.3% based on its latest 2017Q3 regulatory filing with the SEC. Country Trust Bank sold 58,696 shares as the company’s stock declined 14.09% while stock markets rallied. The institutional investor held 351,651 shares of the medical and nursing services company at the end of 2017Q3, valued at $22.27 million, down from 410,347 at the end of the previous reported quarter. Country Trust Bank who had been investing in Express Scripts Holding Co for a number of months, seems to be less bullish one the $45.80B market cap company. The stock increased 0.97% or $0.78 during the last trading session, reaching $80.87. About 3.16 million shares traded. Express Scripts Holding Company (NASDAQ:ESRX) has declined 16.92% since January 14, 2017 and is downtrending. It has underperformed by 33.62% the S&P500.

Country Trust Bank, which manages about $2.21B US Long portfolio, upped its stake in Ishares Iboxx Inv Gr Corp Bond (LQD) by 42,799 shares to 289,802 shares, valued at $35.13M in 2017Q3, according to the filing. It also increased its holding in Fedex Corporation (NYSE:FDX) by 17,439 shares in the quarter, for a total of 241,650 shares, and has risen its stake in Ishares Core Total Us Bond (AGG).

Analysts await Express Scripts Holding Company (NASDAQ:ESRX) to report earnings on February, 13. They expect $2.08 earnings per share, up 10.64 % or $0.20 from last year’s $1.88 per share. ESRX’s profit will be $1.18B for 9.72 P/E if the $2.08 EPS becomes a reality. After $1.90 actual earnings per share reported by Express Scripts Holding Company for the previous quarter, Wall Street now forecasts 9.47 % EPS growth.

More important recent Express Scripts Holding Company (NASDAQ:ESRX) news were published by: Gurufocus.com which released: “Hikari Power Ltd Buys BHP Billiton PLC, Allergan PLC, Express Scripts Holding …” on January 12, 2018, also Bizjournals.com published article titled: “Express Scripts approves salary terms for new CFO”, Fool.com published: “Why Express Scripts Holding Company Broke Out in December” on January 07, 2018. More interesting news about Express Scripts Holding Company (NASDAQ:ESRX) was released by: Prnewswire.com and their article: “Express Scripts Closes Acquisition Of eviCore; Companies Unite To Improve …” with publication date: December 15, 2017.

Express Scripts Holding Company (NASDAQ:ESRX) Ratings Coverage

Among 24 analysts covering Express Scripts (NASDAQ:ESRX), 10 have Buy rating, 3 Sell and 11 Hold. Therefore 42% are positive. Express Scripts had 52 analyst reports since July 30, 2015 according to SRatingsIntel. The stock has “Outperform” rating by Cowen & Co on Monday, April 4. As per Wednesday, July 26, the company rating was maintained by Oppenheimer. The company was downgraded on Monday, February 22 by Deutsche Bank. The firm has “Buy” rating by Jefferies given on Friday, December 15. Morgan Stanley downgraded the shares of ESRX in report on Thursday, January 21 to “Equal-Weight” rating. The stock of Express Scripts Holding Company (NASDAQ:ESRX) has “Outperform” rating given on Thursday, July 30 by RBC Capital Markets. The firm earned “Overweight” rating on Wednesday, July 27 by Barclays Capital. Morgan Stanley maintained it with “Underweight” rating and $57 target in Thursday, August 10 report. The firm earned “Underperform” rating on Wednesday, March 15 by Wells Fargo. The stock of Express Scripts Holding Company (NASDAQ:ESRX) earned “Buy” rating by Maxim Group on Tuesday, July 18.

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