Holder Bragg Financial Advisors Has Raised Tenneco (TEN) Position; M&T Bank Has Decreased Bb&T (BBT) Stake by $5.22 Million

Tenneco Inc. (NYSE:TEN) Logo

M&T Bank Corp decreased its stake in Bb&T Corp (BBT) by 40.5% based on its latest 2018Q3 regulatory filing with the SEC. M&T Bank Corp sold 108,714 shares as the company’s stock declined 9.29% with the market. The institutional investor held 159,688 shares of the major banks company at the end of 2018Q3, valued at $7.75M, down from 268,402 at the end of the previous reported quarter. M&T Bank Corp who had been investing in Bb&T Corp for a number of months, seems to be less bullish one the $38.35B market cap company. The stock decreased 0.44% or $0.22 during the last trading session, reaching $50.24. About 12.23M shares traded or 123.10% up from the average. BB&T Corporation (NYSE:BBT) has declined 5.23% since February 9, 2018 and is downtrending. It has underperformed by 5.23% the S&P500. Some Historical BBT News: 11/04/2018 – BB&T INSURANCE HOLDINGS TO BUY REGIONS INSURANCE; 06/04/2018 – BB&T: Terms Not Disclosed, Transaction Seen Closing 3; 06/04/2018 – BB&T Insurance Holdings To Acquire Regions Insurance Group; 24/04/2018 – BB&T BOOSTS QTR DIV/SHR TO 37.5C FROM 33C, EST. 33C; 19/04/2018 – BB&T 1Q Noninterest Expense $1.69B; 19/04/2018 – BB&T 1Q Rev $2.81B; 23/04/2018 – BB&T Closes Above 50-Day Moving Average: Technicals; 19/04/2018 – BB&T CORP – QTR-END RISK BASED COMMON EQUITY TIER 1 RATIO 10.2 PCT VS 10.3 PCT REPORTED LAST YEAR; 15/03/2018 – BB&T CORP – CHRISTIAN CORTS HAS BEEN NAMED PRESIDENT FOR ITS TENNESSEE REGION; 08/05/2018 – BB&T at Barclays Americas Select Franchise Conference May 15

Bragg Financial Advisors Inc increased its stake in Tenneco Inc (TEN) by 77.28% based on its latest 2018Q3 regulatory filing with the SEC. Bragg Financial Advisors Inc bought 20,610 shares as the company’s stock declined 32.30% with the market. The institutional investor held 47,278 shares of the o.e.m. company at the end of 2018Q3, valued at $1.99M, up from 26,668 at the end of the previous reported quarter. Bragg Financial Advisors Inc who had been investing in Tenneco Inc for a number of months, seems to be bullish on the $2.56B market cap company. The stock decreased 3.45% or $1.13 during the last trading session, reaching $31.64. About 596,860 shares traded. Tenneco Inc. (NYSE:TEN) has declined 48.64% since February 9, 2018 and is downtrending. It has underperformed by 48.64% the S&P500. Some Historical TEN News: 10/04/2018 – TENNECO INC – INTENTION TO SEPARATE COMBINED BUSINESSES THROUGH A TAX-FREE SPIN-OFF TO SHAREHOLDERS; 27/04/2018 – Tenneco 1Q EPS $1.13; 10/04/2018 – Icahn To Sell Federal-Mogul To Tenneco For $5.4 Billion — MarketWatch; 12/04/2018 – Tenneco Presenting at Wells Fargo Industrials Conference May 8; 27/04/2018 – Tenneco Announces Reporting Segment Changes; 16/05/2018 – Tenneco Announces Results of 2018 Annual Stockholders’ Meeting; 15/05/2018 – MOODY’S PLACES FEDERAL-MOGUL’S SENIOR SECURED NOTES UNDER REVIEW FOR UPGRADE; 10/04/2018 – Icahn Enterprises to Sell Federal-Mogul to Tenneco for $5.4 Billion; 10/04/2018 – TENNECO PURCHASE OF FEDERAL-MOGUL; 18/05/2018 – Tenneco Names Jason Hollar Chief Financial Officer

Investors sentiment increased to 1.07 in 2018 Q3. Its up 0.18, from 0.89 in 2018Q2. It improved, as 31 investors sold TEN shares while 69 reduced holdings. 38 funds opened positions while 69 raised stakes. 42.70 million shares or 4.56% less from 44.74 million shares in 2018Q2 were reported. Franklin Resources stated it has 0.01% in Tenneco Inc. (NYSE:TEN). First Savings Bank Of Omaha reported 0.13% stake. Schwab Charles Inv Mngmt accumulated 450,123 shares. Los Angeles Capital Equity Research owns 0% invested in Tenneco Inc. (NYSE:TEN) for 12,690 shares. Pinnacle Assoc Ltd stated it has 10,075 shares or 0.01% of all its holdings. First Quadrant Ltd Partnership Ca holds 6,263 shares. Envestnet Asset Mngmt invested 0% of its portfolio in Tenneco Inc. (NYSE:TEN). Hbk LP stated it has 0.02% in Tenneco Inc. (NYSE:TEN). Gabelli Funds Lc accumulated 661,413 shares or 0.16% of the stock. Td Lc owns 100 shares or 0% of their US portfolio. Johnson Group has invested 0% in Tenneco Inc. (NYSE:TEN). Hsbc Public Ltd Company, a United Kingdom-based fund reported 47,647 shares. Canada Pension Plan Invest Board has invested 0.03% of its portfolio in Tenneco Inc. (NYSE:TEN). Teacher Retirement Of Texas, a Texas-based fund reported 6,066 shares. North Star Invest Mngmt stated it has 110 shares or 0% of all its holdings.

Among 12 analysts covering Tenneco Inc (NYSE:TEN), 4 have Buy rating, 1 Sell and 7 Hold. Therefore 33% are positive. Tenneco Inc had 54 analyst reports since July 30, 2015 according to SRatingsIntel. The rating was maintained by RBC Capital Markets on Friday, July 28 with “Hold”. On Tuesday, May 30 the stock rating was maintained by Jefferies with “Hold”. RBC Capital Markets maintained Tenneco Inc. (NYSE:TEN) on Tuesday, July 11 with “Hold” rating. The company was upgraded on Thursday, February 11 by Barclays Capital. Goldman Sachs upgraded the shares of TEN in report on Wednesday, August 12 to “Neutral” rating. KeyBanc Capital Markets maintained it with “Buy” rating and $73.0 target in Thursday, October 12 report. Morgan Stanley maintained Tenneco Inc. (NYSE:TEN) on Monday, August 13 with “Equal-Weight” rating. On Wednesday, April 26 the stock rating was maintained by Jefferies with “Hold”. The company was initiated on Wednesday, November 30 by Jefferies. As per Friday, February 9, the company rating was maintained by RBC Capital Markets.

Bragg Financial Advisors Inc, which manages about $960.65M and $744.08M US Long portfolio, decreased its stake in Cvs Health Corp (NYSE:CVS) by 6,196 shares to 14,159 shares, valued at $1.12M in 2018Q3, according to the filing. It also reduced its holding in Fabrinet (NYSE:FN) by 20,256 shares in the quarter, leaving it with 122,774 shares, and cut its stake in Wells Fargo Co New (NYSE:WFC).

More recent Tenneco Inc. (NYSE:TEN) news were published by: Nasdaq.com which released: “New Research Coverage Highlights Gentex, Tenneco, Mercury General, MGM Resorts International, ResMed, and Alnylam Pharmaceuticals — Consolidated Revenues, Company Growth, and Expectations for 2019 – Nasdaq” on January 16, 2019. Also published the news titled: “A Close Look At Tenneco Inc.’s (NYSE:TEN) 25% ROCE – Yahoo Sports” on January 24, 2019. Globenewswire.com‘s news article titled: “TEN Ltd. Declares Dividend on its Series D and Series E Cumulative Perpetual Preferred Shares – GlobeNewswire” with publication date: February 06, 2019 was also an interesting one.

M&T Bank Corp, which manages about $19.99 billion US Long portfolio, upped its stake in Steris Plc by 29,224 shares to 41,510 shares, valued at $4.75M in 2018Q3, according to the filing. It also increased its holding in Vanguard Star Fd (VXUS) by 15,473 shares in the quarter, for a total of 23,931 shares, and has risen its stake in Life Storage Inc.

Investors sentiment decreased to 1.05 in Q3 2018. Its down 0.05, from 1.1 in 2018Q2. It fall, as 50 investors sold BBT shares while 288 reduced holdings. 87 funds opened positions while 268 raised stakes. 477.03 million shares or 2.36% less from 488.59 million shares in 2018Q2 were reported. Aperio Grp Ltd Liability holds 437,588 shares or 0.09% of its portfolio. Oregon Pub Employees Retirement Fund owns 0.06% invested in BB&T Corporation (NYSE:BBT) for 85,242 shares. Wellington Shields Capital Ltd Co stated it has 6,750 shares or 0.05% of all its holdings. Banced reported 0.57% stake. Epoch Partners accumulated 1.94 million shares. Aspiriant Lc has invested 0.03% in BB&T Corporation (NYSE:BBT). Capital Rech Global Invsts holds 1.71 million shares. Buckingham Asset Mgmt Limited Liability Company holds 0.22% of its portfolio in BB&T Corporation (NYSE:BBT) for 29,920 shares. 95,672 were accumulated by Cullen Frost Bankers. Csat Advisory Lp reported 14,993 shares. Gradient Invests Limited Company reported 2,914 shares. 12,162 were accumulated by Van Eck Associate Corporation. 6,950 are owned by White Pine Ltd Limited Liability Company. Asset Management Of Georgia Ga Adv owns 0.31% invested in BB&T Corporation (NYSE:BBT) for 9,222 shares. Carroll Financial Assoc reported 184,474 shares.

More notable recent BB&T Corporation (NYSE:BBT) news were published by: Seekingalpha.com which released: “BB&T Corporation 2018 Q4 – Results – Earnings Call Slides – Seeking Alpha” on January 17, 2019, also with their article: “Top Analyst Upgrades and Downgrades: American Airlines, ADM, BB&T, Cimarex, CRISPR, Editas, Grubhub, Kroger, NXP, Twitter, Walmart and More – 24/7 Wall St.” published on February 08, 2019, published: “Activision Blizzard, Inc (NASDAQ:ATVI), BB&T Corporation (NYSE:BBT) – Weak Eurozone Forecast Add To Concerns About Global Growth – Benzinga” on February 07, 2019. More interesting news about BB&T Corporation (NYSE:BBT) were released by: Seekingalpha.com and their article: “BB&T Ends 2018 On A Strong Note – Seeking Alpha” published on January 22, 2019 as well as ‘s news article titled: “Bank of America Corporation (NYSE:BAC), BB&T Corporation (NYSE:BBT) – In Wake Of SunTrust/BB&T Merger, Financials Weak On Lower Bond Yields – Benzinga” with publication date: February 08, 2019.

Among 33 analysts covering BB&T Corp (NYSE:BBT), 17 have Buy rating, 0 Sell and 16 Hold. Therefore 52% are positive. BB&T Corp had 118 analyst reports since July 17, 2015 according to SRatingsIntel. The stock has “Buy” rating by SunTrust on Tuesday, November 28. The rating was maintained by BMO Capital Markets on Friday, October 19 with “Outperform”. Keefe Bruyette & Woods maintained BB&T Corporation (NYSE:BBT) on Friday, January 19 with “Hold” rating. Raymond James downgraded the stock to “Outperform” rating in Thursday, April 7 report. The rating was maintained by Sandler O’Neill on Thursday, January 18 with “Hold”. Barclays Capital maintained the shares of BBT in report on Wednesday, April 6 with “Equalweight” rating. Keefe Bruyette & Woods maintained the shares of BBT in report on Thursday, October 19 with “Hold” rating. The rating was maintained by Keefe Bruyette & Woods with “Hold” on Tuesday, June 27. The firm has “Hold” rating by Robert W. Baird given on Tuesday, January 2. Deutsche Bank maintained BB&T Corporation (NYSE:BBT) rating on Tuesday, April 5. Deutsche Bank has “Hold” rating and $39 target.

BB&T Corporation (NYSE:BBT) Institutional Positions Chart

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