As Eastman Chemical Co (EMN) Share Value Declined, Shareholder Pnc Financial Services Group INC Decreased Its Holding

Eastman Chemical Company (NYSE:EMN) LogoInvestors sentiment increased to 1.22 in Q1 2019. Its up 0.45, from 0.77 in 2018Q4. It is positive, as 46 investors sold EMN shares while 162 reduced holdings. 74 funds opened positions while 179 raised stakes. 113.03 million shares or 0.22% more from 112.79 million shares in 2018Q4 were reported. State Of Alaska Department Of Revenue reported 0.07% of its portfolio in Eastman Chemical Company (NYSE:EMN). Cambridge Invest Rech Advisors invested in 0.01% or 16,264 shares. First Allied Advisory Serv, a Missouri-based fund reported 11,692 shares. Boston Ltd accumulated 0.03% or 7,550 shares. Atwood Palmer Incorporated invested in 0.01% or 1,100 shares. Chevy Chase Trust Hldg holds 0.04% or 116,943 shares in its portfolio. Blackrock Incorporated accumulated 0.04% or 10.62M shares. Hl Fincl Serv Ltd Liability Corporation owns 9,229 shares. Amer Intll reported 0.02% in Eastman Chemical Company (NYSE:EMN). Tortoise Capital Lc reported 17 shares. Ftb Advsrs reported 475 shares or 0% of all its holdings. Deutsche Comml Bank Ag reported 1.51 million shares. The Pennsylvania-based Glenmede Na has invested 0.01% in Eastman Chemical Company (NYSE:EMN). Van Eck Assoc Corp owns 291 shares for 0% of their portfolio. Enterprise Fincl Svcs Corporation holds 0% of its portfolio in Eastman Chemical Company (NYSE:EMN) for 69 shares.

Pnc Financial Services Group Inc decreased its stake in Eastman Chemical Co (EMN) by 5.85% based on its latest 2019Q1 regulatory filing with the SEC. Pnc Financial Services Group Inc sold 46,312 shares as the company’s stock declined 4.07% . The institutional investor held 745,163 shares of the major chemicals company at the end of 2019Q1, valued at $56.55 million, down from 791,475 at the end of the previous reported quarter. Pnc Financial Services Group Inc who had been investing in Eastman Chemical Co for a number of months, seems to be less bullish one the $8.80B market cap company. The stock increased 0.90% or $0.57 during the last trading session, reaching $64.25. About 1.46 million shares traded or 31.33% up from the average. Eastman Chemical Company (NYSE:EMN) has declined 25.68% since August 15, 2018 and is downtrending. It has underperformed by 25.68% the S&P500.

Pnc Financial Services Group Inc, which manages about $99.87 billion US Long portfolio, upped its stake in Veeva Sys Inc (NYSE:VEEV) by 66,249 shares to 87,122 shares, valued at $11.05M in 2019Q1, according to the filing. It also increased its holding in Select Sector Spdr Tr (XLI) by 133,436 shares in the quarter, for a total of 450,238 shares, and has risen its stake in Integer Hldgs Corp.

Analysts await Eastman Chemical Company (NYSE:EMN) to report earnings on October, 24. They expect $2.58 earnings per share, up 10.26 % or $0.24 from last year’s $2.34 per share. EMN’s profit will be $353.45M for 6.23 P/E if the $2.58 EPS becomes a reality. After $1.99 actual earnings per share reported by Eastman Chemical Company for the previous quarter, Wall Street now forecasts 29.65 % EPS growth.

More notable recent Eastman Chemical Company (NYSE:EMN) news were published by: Finance.Yahoo.com which released: “How Financially Strong Is Eastman Chemical Company (NYSE:EMN)? – Yahoo Finance” on June 26, 2019, also Finance.Yahoo.com with their article: “Should You Think About Buying Eastman Chemical Company (NYSE:EMN) Now? – Yahoo Finance” published on July 12, 2019, Finance.Yahoo.com published: “See what the IHS Markit Score report has to say about Eastman Chemical Co. – Yahoo Finance” on July 09, 2019. More interesting news about Eastman Chemical Company (NYSE:EMN) were released by: Globenewswire.com and their article: “Eastman Acquires Marlotherm from Sasol – GlobeNewswire” published on April 01, 2019 as well as Finance.Yahoo.com‘s news article titled: “Eastman Chemical Co. to Host Earnings Call – Yahoo Finance” with publication date: July 26, 2019.

Eastman Chemical Company (NYSE:EMN) Ratings Coverage

Among 3 analysts covering Eastman Chemical (NYSE:EMN), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Eastman Chemical has $94 highest and $8000 lowest target. $86.33’s average target is 34.37% above currents $64.25 stock price. Eastman Chemical had 7 analyst reports since February 21, 2019 according to SRatingsIntel. The company was maintained on Monday, July 29 by Nomura. JP Morgan downgraded the stock to “Neutral” rating in Monday, July 29 report. Nomura upgraded it to “Buy” rating and $93 target in Monday, April 15 report. KeyBanc Capital Markets maintained the stock with “Overweight” rating in Friday, April 12 report.

Eastman Chemical Company (NYSE:EMN) Institutional Positions Chart

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