San Francisco Sentry Investment Group CA Has $1.11 Million Holdings in Eastman Chemical Company (EMN)

San Francisco Sentry Investment Group CA lessened its holdings in shares of Eastman Chemical Company (NYSE:EMN) by 8.9% in the third quarter, according to its most recent filing with the SEC. The firm owned 12,290 shares of the basic materials company’s stock after selling 1,200 shares during the quarter. San Francisco Sentry Investment Group CA’s holdings in Eastman Chemical were worth $1,112,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Advisors Asset Management Inc. boosted its position in Eastman Chemical by 149.9% during the 2nd quarter. Advisors Asset Management Inc. now owns 1,377 shares of the basic materials company’s stock worth $116,000 after acquiring an additional 826 shares during the period. Acrospire Investment Management LLC boosted its position in Eastman Chemical by 1,500.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,600 shares of the basic materials company’s stock worth $134,000 after acquiring an additional 1,500 shares during the period. M&R Capital Management Inc. boosted its position in Eastman Chemical by 62.9% during the 2nd quarter. M&R Capital Management Inc. now owns 1,812 shares of the basic materials company’s stock worth $150,000 after acquiring an additional 700 shares during the period. Fiduciary Trust Co. acquired a new position in Eastman Chemical during the 2nd quarter worth $160,000. Finally, Advisory Services Network LLC boosted its position in Eastman Chemical by 105.3% during the 2nd quarter. Advisory Services Network LLC now owns 2,203 shares of the basic materials company’s stock worth $185,000 after acquiring an additional 1,130 shares during the period. Institutional investors own 82.66% of the company’s stock.

Several brokerages have recently weighed in on EMN. UBS upped their price objective on Eastman Chemical from $97.00 to $103.00 and gave the company a “buy” rating in a report on Friday, October 27th. KeyCorp restated a “buy” rating and issued a $108.00 price objective (up previously from $100.00) on shares of Eastman Chemical in a report on Monday, October 30th. Wells Fargo & Company restated an “outperform” rating and issued a $102.00 price objective (up previously from $94.00) on shares of Eastman Chemical in a report on Monday, October 30th. They noted that the move was a valuation call. Royal Bank Of Canada restated a “sector perform” rating and issued a $93.00 price objective (up previously from $91.00) on shares of Eastman Chemical in a report on Monday, October 30th. Finally, J P Morgan Chase & Co upped their price objective on Eastman Chemical from $95.00 to $105.00 and gave the company an “overweight” rating in a report on Monday, October 30th. Ten analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Eastman Chemical presently has a consensus rating of “Hold” and a consensus target price of $96.00.

Shares of Eastman Chemical Company (NYSE EMN) opened at $91.98 on Friday. The stock has a market capitalization of $13,220.65, a price-to-earnings ratio of 12.25, a PEG ratio of 1.57 and a beta of 1.31. The company has a current ratio of 1.83, a quick ratio of 0.94 and a debt-to-equity ratio of 1.24. Eastman Chemical Company has a 52-week low of $74.31 and a 52-week high of $94.96.

Eastman Chemical (NYSE:EMN) last announced its earnings results on Thursday, October 26th. The basic materials company reported $2.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.03 by $0.16. The company had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.35 billion. Eastman Chemical had a return on equity of 22.77% and a net margin of 10.89%. Eastman Chemical’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.86 earnings per share. research analysts anticipate that Eastman Chemical Company will post 7.13 EPS for the current fiscal year.

In other news, SVP Perry Stuckey sold 5,200 shares of the business’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $92.12, for a total transaction of $479,024.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.14% of the stock is owned by insiders.

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Eastman Chemical Company Profile

Eastman Chemical Company (Eastman) is an advanced materials and specialty additives company. The Company’s segments include Additives & Functional Products (AFP), Advanced Materials (AM), Chemical Intermediates (CI), and Fibers. In the AFP segment, it manufactures chemicals for products in the coatings, tires, consumables, building and construction, industrial applications, including solar energy markets, animal nutrition, care chemicals, crop protection, and energy markets.

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Institutional Ownership by Quarter for Eastman Chemical (NYSE:EMN)

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