Equities research analysts expect that Pentair PLC (NYSE:PNR) will post sales of $791.45 million for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Pentair’s earnings, with the highest sales estimate coming in at $795.50 million and the lowest estimate coming in at $789.00 million. Pentair posted sales of $1.27 billion during the same quarter last year, which would indicate a negative year over year growth rate of 37.7%. The firm is scheduled to issue its next quarterly earnings report before the market opens on Wednesday, July 25th.
On average, analysts expect that Pentair will report full-year sales of $2.97 billion for the current financial year, with estimates ranging from $2.95 billion to $2.99 billion. For the next financial year, analysts forecast that the business will post sales of $3.08 billion per share, with estimates ranging from $3.05 billion to $3.10 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Pentair.
Best Financial Stocks For 2019: Weingarten Realty Investors(WRI)
Advisors' Opinion:- [By Stephan Byrd]
Get a free copy of the Zacks research report on Weingarten Realty (WRI)
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- [By Shane Hupp]
Weingarten Realty Investors (NYSE:WRI) was upgraded by equities research analysts at ValuEngine from a “sell” rating to a “hold” rating in a report released on Thursday.
- [By Ethan Ryder]
Weingarten Realty Investors (NYSE:WRI) has been given an average recommendation of “Hold” by the fourteen ratings firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $32.14.
- [By Stephan Byrd]
State of Alaska Department of Revenue trimmed its position in Weingarten Realty Investors (NYSE:WRI) by 7.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 70,653 shares of the real estate investment trust’s stock after selling 6,007 shares during the period. State of Alaska Department of Revenue’s holdings in Weingarten Realty Investors were worth $2,175,000 at the end of the most recent quarter.
Best Financial Stocks For 2019: First Interstate BancSystem Inc.(FIBK)
Advisors' Opinion:- [By Shane Hupp]
Get a free copy of the Zacks research report on First Interstate BancSystem (FIBK)
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- [By Max Byerly]
Massachusetts Financial Services Co. MA lifted its stake in shares of First Interstate BancSystem (NASDAQ:FIBK) by 4.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 464,152 shares of the financial services provider’s stock after acquiring an additional 20,543 shares during the period. Massachusetts Financial Services Co. MA owned 0.82% of First Interstate BancSystem worth $18,357,000 as of its most recent SEC filing.
- [By Shane Hupp]
Shares of First Interstate BancSystem (NASDAQ:FIBK) have earned a consensus recommendation of “Buy” from the eight analysts that are presently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $46.00.
Best Financial Stocks For 2019: Potlatch Corporation(PCH)
Advisors' Opinion:- [By Logan Wallace]
Itau Unibanco Holding S.A. bought a new position in Potlatchdeltic Corp (NASDAQ:PCH) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 4,644 shares of the real estate investment trust’s stock, valued at approximately $236,000.
- [By Joseph Griffin]
Sei Investments Co. grew its position in Potlatchdeltic Corp (NASDAQ:PCH) by 39.9% during the 1st quarter, HoldingsChannel reports. The firm owned 68,663 shares of the real estate investment trust’s stock after acquiring an additional 19,589 shares during the quarter. Sei Investments Co.’s holdings in Potlatchdeltic were worth $3,574,000 at the end of the most recent quarter.
- [By Stephan Byrd]
Teachers Insurance & Annuity Association of America bought a new position in PotlatchDeltic (NASDAQ:PCH) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 78,505 shares of the real estate investment trust’s stock, valued at approximately $4,086,000. Teachers Insurance & Annuity Association of America owned approximately 0.19% of PotlatchDeltic at the end of the most recent reporting period.
Best Financial Stocks For 2019: Wells Fargo & Company(WFC)
Advisors' Opinion:- [By Matthew Frankel, CFP®]
He sold about $260 million worth of Wells Fargo (NYSE:WFC). Don't make the mistake of reading into that too much. Buffett did not sell Wells Fargo because he has any issue with a business. This is another issue where he wants to maintain a stake under 10% to be regulatory compliant. Berkshire owns about 9.3% of Wells Fargo right now. Buffett also owns some shares in his personal portfolio. To remain under the 10% threshold as Wells Fargo buys back some of its own stock, Buffett needs to sell some of Berkshire's shares to keep his stake proportionally low. This is a very small amount. Even though it says it's $260 million, it's less than 1% of Berkshire's Wells Fargo holdings.
- [By Matthew Frankel]
A great recent example of this can be seen in the 2017 annual report of major Berkshire Hathaway stock holding Wells Fargo (NYSE:WFC). Instead of glossing over the company's infamous fake-accounts and other scandals and simply focusing on the good parts of the business, CEO Tim Sloan made the company's problems and detailed discussions of the planned and implemented solutions the central focus of his letter. And, Sloan acknowledged that "we still have work to do."
- [By Dan Caplinger]
When it comes to investing, some people prefer to choose from among the leaders of an industry. In banking, Bank of America (NYSE:BAC) and Wells Fargo (NYSE:WFC) are among the biggest financial institutions in the world, and despite facing very different challenges, they've come a long way since teetering on the precipice of ruin during the financial crisis.
- [By Paul Ausick]
Excluding the company’s stake in Kraft Heinz Co. (NYSE: KHC), its top five holdings at the end of last year were as follows:
American Express Co. (NYSE: AXP): a 17.6% stake valued at $15 billion with a cost basis of $1.3 billion Phillips 66 Co. (NYSE: PSX): a 14.9% stake valued at $7.5 billion and a cost basis of $5.8 billion Moody’s Corp. (NYSE: MCO): a 12.9% stake valued at $3.6 billion with a cost basis of $248 million Wells Fargo & Co. (NYSE: WFC): a 9.9% stake valued at $29.3 billion and a cost basis of $11.8 billion Coca-Cola Co. (NYSE: KO): a 9.4% stake valued at $18.4 billion with a cost basis of $1.2 billionThe following are a few of Buffett’s comments from the letter.
- [By Joseph Griffin]
Summit Trail Advisors LLC grew its position in shares of Wells Fargo & Co (NYSE:WFC) by 5,130.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,066,926 shares of the financial services provider’s stock after acquiring an additional 1,046,528 shares during the quarter. Summit Trail Advisors LLC’s holdings in Wells Fargo & Co were worth $1,067,000 as of its most recent filing with the SEC.
- [By Travis Hoium]
Companies that get a bad reputation from consumers often do so because they don't have to make their experience better to keep customers. Great examples of this are a cable company that operates as a monopoly in many areas, like Comcast (NASDAQ:CMCSA), or a bank you just can't get away from, like Wells Fargo (NYSE:WFC). Or even a company with all kinds of data about you that doesn't seem to manage that data carefully, like Equifax Inc. (NYSE:EFX).
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