Home / Business / Concerns Diverting Active Stocks Direction: Williams Companies (NYSE:WMB), Anheuser-Busch InBev (NYSE:BUD)

Concerns Diverting Active Stocks Direction: Williams Companies (NYSE:WMB), Anheuser-Busch InBev (NYSE:BUD)

Shares of Williams Companies, Inc. (NYSE:WMB) [Trend Analysis] runs in leading trade, it moving down -0.14% to traded at $27.83. The firm has price volatility of 3.03% for a week and 4.09% for a month. Its beta stands at 1.50 times. Williams Companies Inc. (WMB) and Williams Partners L.P. (WPZ) revealed that Williams has agreed to purchase in a private placement from Williams Partners approximately 6.975 million common units representing limited partner interests in Williams Partners, for a total purchase price of approximately $250 million.

The price per common unit of $35.84 is equal to the average of the high and low trading prices of the Partnership’s common units on the New York Stock Exchange for each of the five trading days from August 19 to August 25, 2016, less a discount of 2.5% per common unit, which price per common unit was calculated using the same method and discount that initially will be used to determine the price of the common units to be issued pursuant to the Partnership’s anticipated distribution reinvestment plan.

Williams Partners plans to use the net proceeds from the private placement to repay amounts outstanding under the partnership’s credit facility and for general partnership purposes. When the private placement is complete, Williams’ aggregate ownership interest in Williams Partners, including the general partner interest, will remain at approximately 60 percent. Narrow down four to firm performance, its weekly performance was 0.54% and monthly performance was 20.58%. The stock price of WMB is moving up from its 20 days moving average with 6.41% and isolated positively from 50 days moving average with 16.89%.

Anheuser-Busch InBev SA/NV (NYSE:BUD) [Trend Analysis] luring active investment momentum, shares a loss -0.05% to $125.74. Anheuser-Busch InBev SA/NV or AB InBev (BUD) expects to cut about 3 per cent of the total workforce of the combined Group after its takeover of SABMiller plc (SBMRY.PK).

The job reductions will be implemented gradually, in phases, over a three-year period following Completion, according to take over documents published on Friday. Several reports said that about 5,500 positions are likely to be eliminated. The job cuts will form part of the $1.4 billion of annual savings that AB InBev has said it’s seeking from the takeover, equivalent to almost a tenth of SABMiller’s $15 billion in annual revenue.

While the extent of any job reductions in all locations is not yet certain, AB InBev’s stated intention that the Combined Group will be headquartered in Leuven and will retain AB InBev’s Global Functional Management Office in New York will mean that the head office functions of AB InBev and SABMiller are integrated into AB InBev’s headquarters and the Global Functional Management Office following Completion. The total volume of 687262 shares held in the session was surprisingly higher than its average volume of 1492.40 shares. EPS estimates indicating constrictive facts, the current year from sell-side analysts, Price to current year EPS stands at -10.40%, and looking further price to next year’s EPS is 28.89%. While take a short look on price to sales ratio, that was 4.77 and price to earning ratio of 53.05 attracting passive investors.


About Blake Escott

Blake Escott holds junior writer position in SWR. Before joining Streetwise Report, he was a freelance content Writer. He has high-level copywriting experience and particularly experienced in proofreading and editing. He covers news about different companies including all US market sectors. Interests: Commodities, Energy stocks, Sector-wise Stocks analysis, Utilities

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