Matthews International (MATW) Forms $52.90 Double Bottom; Salem Investment Counselors Cut By $410,375 Its Pfizer (PFE) Position

March 19, 2018 - By Annabelle Johnson

Matthews International Corporation (MATW) formed double bottom with $48.14 target or 9.00% below today’s $52.90 share price. Matthews International Corporation (MATW) has $1.71 billion valuation. The stock increased 0.86% or $0.45 during the last trading session, reaching $52.9. About 437,512 shares traded or 166.73% up from the average. Matthews International Corporation (NASDAQ:MATW) has risen 24.80% since March 19, 2017 and is uptrending. It has outperformed by 8.10% the S&P500.

Salem Investment Counselors Inc decreased Pfizer Inc. (PFE) stake by 3.81% reported in 2017Q3 SEC filing. Salem Investment Counselors Inc sold 11,725 shares as Pfizer Inc. (PFE)’s stock declined 3.45%. The Salem Investment Counselors Inc holds 295,677 shares with $10.64 million value, down from 307,402 last quarter. Pfizer Inc. now has $218.79B valuation. The stock increased 0.55% or $0.2 during the last trading session, reaching $36.78. About 32.38 million shares traded or 38.73% up from the average. Pfizer Inc. (NYSE:PFE) has declined 2.76% since March 19, 2017 and is downtrending. It has underperformed by 19.46% the S&P500.

Since January 30, 2018, it had 3 insider buys, and 0 insider sales for $308,071 activity. Marsh Robert M had bought 1,615 shares worth $89,571. Shares for $52,000 were bought by GARCIA TUNON ALVARO on Monday, February 5.

Analysts await Matthews International Corporation (NASDAQ:MATW) to report earnings on April, 26. They expect $0.89 EPS, up 5.95% or $0.05 from last year’s $0.84 per share. MATW’s profit will be $28.74M for 14.86 P/E if the $0.89 EPS becomes a reality. After $0.64 actual EPS reported by Matthews International Corporation for the previous quarter, Wall Street now forecasts 39.06% EPS growth.

Investors sentiment increased to 1.59 in Q3 2017. Its up 0.39, from 1.2 in 2017Q2. It increased, as 18 investors sold Matthews International Corporation shares while 47 reduced holdings. 23 funds opened positions while 55 raised stakes. 25.12 million shares or 0.23% more from 25.06 million shares in 2017Q2 were reported. 4,316 were reported by Amalgamated Bankshares. Vanguard Group Inc Inc accumulated 0.01% or 3.16M shares. Fdx reported 3,550 shares. Massachusetts-based Rhumbline Advisers has invested 0.01% in Matthews International Corporation (NASDAQ:MATW). First Trust Com has 0.15% invested in Matthews International Corporation (NASDAQ:MATW) for 20,833 shares. Northpointe Cap Lc has 0.32% invested in Matthews International Corporation (NASDAQ:MATW) for 47,681 shares. Empirical Finance Services Ltd Liability Company holds 0.2% or 13,806 shares in its portfolio. Bbva Compass Savings Bank owns 8,900 shares. Cliftonlarsonallen Wealth Limited Com holds 0.33% of its portfolio in Matthews International Corporation (NASDAQ:MATW) for 50,000 shares. California Employees Retirement accumulated 25,065 shares. Jefferies Group Limited Liability Com invested in 5,280 shares. Us Natl Bank De owns 0% invested in Matthews International Corporation (NASDAQ:MATW) for 16,695 shares. Argi Serv Ltd Co reported 29,509 shares or 0.13% of all its holdings. Metropolitan Life Ins New York holds 0.01% of its portfolio in Matthews International Corporation (NASDAQ:MATW) for 21,858 shares. Eagle Boston Invest Mngmt stated it has 172,508 shares or 1.12% of all its holdings.

Among 3 analysts covering Matthews International (NASDAQ:MATW), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Matthews International has $92 highest and $64 lowest target. $82.67’s average target is 56.28% above currents $52.9 stock price. Matthews International had 7 analyst reports since August 3, 2015 according to SRatingsIntel. As per Wednesday, November 4, the company rating was downgraded by Macquarie Research. Macquarie Research maintained Matthews International Corporation (NASDAQ:MATW) on Thursday, September 22 with “Neutral” rating. The firm earned “Outperform” rating on Wednesday, July 5 by Macquarie Research. The stock of Matthews International Corporation (NASDAQ:MATW) has “Buy” rating given on Monday, November 21 by Wunderlich. Wunderlich maintained Matthews International Corporation (NASDAQ:MATW) rating on Friday, July 29. Wunderlich has “Buy” rating and $75 target.

Salem Investment Counselors Inc increased Alps Alerian Mlp Etf (AMLP) stake by 126,080 shares to 149,030 valued at $1.68M in 2017Q3. It also upped Walgreen’s Boots Alliance Inc. stake by 6,519 shares and now owns 194,273 shares. Abbvie Inc. (NYSE:ABBV) was raised too.

Since December 15, 2017, it had 0 insider buys, and 12 insider sales for $12.99 million activity. The insider CORNWELL W DON sold $64,679. Shares for $1.24M were sold by SUSMAN SALLY. Dolsten Mikael had sold 13,986 shares worth $501,398. LUND-JURGENSEN KIRSTEN sold $353,677 worth of Pfizer Inc. (NYSE:PFE) on Saturday, February 24. HILL CHARLES H sold $986,292 worth of stock. MACKENZIE ALEXANDER R sold $249,750 worth of Pfizer Inc. (NYSE:PFE) on Friday, December 15. Shares for $296,560 were sold by JOHNSON RADY A on Friday, December 15.

Analysts await Pfizer Inc. (NYSE:PFE) to report earnings on May, 1. They expect $0.73 earnings per share, up 5.80% or $0.04 from last year’s $0.69 per share. PFE’s profit will be $4.34B for 12.60 P/E if the $0.73 EPS becomes a reality. After $0.62 actual earnings per share reported by Pfizer Inc. for the previous quarter, Wall Street now forecasts 17.74% EPS growth.

Investors sentiment increased to 1.06 in Q3 2017. Its up 0.10, from 0.96 in 2017Q2. It increased, as 53 investors sold PFE shares while 700 reduced holdings. 106 funds opened positions while 620 raised stakes. 4.06 billion shares or 0.86% more from 4.02 billion shares in 2017Q2 were reported. Canandaigua Bankshares & reported 1.17% in Pfizer Inc. (NYSE:PFE). Kempner invested in 57,323 shares. Great Lakes Advsr Limited Liability Corp reported 0.04% in Pfizer Inc. (NYSE:PFE). Legal And General Gru Public Ltd Com has 0.85% invested in Pfizer Inc. (NYSE:PFE) for 31.84 million shares. Mountain Pacific Invest Advisers Id has invested 0.06% of its portfolio in Pfizer Inc. (NYSE:PFE). Fayez Sarofim & Communications holds 0.13% or 681,551 shares. Amp Invsts Ltd stated it has 0.44% of its portfolio in Pfizer Inc. (NYSE:PFE). Wedgewood Pa invested in 0.44% or 14,774 shares. 8.70 million are held by Voya Invest Mgmt Ltd Liability Corporation. State Of Tennessee Treasury Department holds 0.68% of its portfolio in Pfizer Inc. (NYSE:PFE) for 3.75M shares. Signaturefd Limited Company holds 0.15% of its portfolio in Pfizer Inc. (NYSE:PFE) for 31,880 shares. 328,948 were accumulated by Brinker Capital. Mason Street Ltd holds 0.72% or 828,448 shares. 167,469 are owned by Hourglass Capital Limited Liability. Security Bancshares Of Sioux City Iowa Ia owns 6,719 shares.

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