Sunday 1 July 2018

As Amazon Com (AMZN) Stock Rose, Personal Capital Advisors Has Trimmed by $8.55 Million Its Stake; Edgemoor Investment Advisors Raised Its Medtronic Plc (MDT) Stake by $1.01 Million

Medtronic plc (NYSE:MDT) Logo

Personal Capital Advisors Corp decreased its stake in Amazon Com Inc (AMZN) by 14.2% based on its latest 2018Q1 regulatory filing with the SEC. Personal Capital Advisors Corp sold 5,912 shares as the company’s stock rose 5.80% while stock markets declined. The institutional investor held 35,726 shares of the consumer services company at the end of 2018Q1, valued at $51.71M, down from 41,638 at the end of the previous reported quarter. Personal Capital Advisors Corp who had been investing in Amazon Com Inc for a number of months, seems to be less bullish one the $831.66 billion market cap company. The stock increased 0.73% or $12.5 during the last trading session, reaching $1713.95. About 1.56 million shares traded. Amazon.com, Inc. (NASDAQ:AMZN) has risen 62.09% since June 29, 2017 and is uptrending. It has outperformed by 49.52% the S&P500. Some Historical AMZN News: 18/05/2018 – Al Gore’s Firm Deletes Facebook, Sells Amazon — Barrons.com; 06/03/2018 – Target’s Comeback Bid Hurts Profit as It Chases Amazon (Correct); 10/03/2018 – New York Post: Amazon’s Fire TV and Fire TV Stick Is Now Insanely Cheap For Prime Members; 15/03/2018 – Amazon’s ‘Long Runway’ to Retail Success: Report — Barron’s Blog; 28/03/2018 – CBS Los Angeles: Source: Trump Is ‘Obsessed’ With Amazon, ‘Wondered Aloud’ About Going After Retail Giant; 23/05/2018 – A former ‘Shark Tank’ contestant wants to use Amazon’s Alexa to make interactive children’s books. Via @pkafka:; 12/03/2018 – Hugh Son: Scoop: #amazon accelerates push to sell everything from paper to factory parts to small businesses with plans for; 18/04/2018 – Russia’s War on Telegram Expands to Google, Amazon Battlefields; 23/04/2018 – ROBBINS DOESN’T SEE AMAZON GETTING INTO PBM BUSINESS AT SOHN; 05/04/2018 – Amazon just announced a new feature that lets Amazon Echo act like a house intercom

Edgemoor Investment Advisors Inc increased its stake in Medtronic Plc (MDT) by 161.46% based on its latest 2018Q1 regulatory filing with the SEC. Edgemoor Investment Advisors Inc bought 12,660 shares as the company’s stock rose 4.71% while stock markets declined. The institutional investor held 20,501 shares of the electromedical & electrotherapeutic apparatus company at the end of 2018Q1, valued at $1.65 million, up from 7,841 at the end of the previous reported quarter. Edgemoor Investment Advisors Inc who had been investing in Medtronic Plc for a number of months, seems to be bullish on the $116.58 billion market cap company. The stock decreased 0.10% or $0.087 during the last trading session, reaching $86.243. About 1.28M shares traded. Medtronic plc (NYSE:MDT) has risen 0.84% since June 29, 2017 and is uptrending. It has underperformed by 11.73% the S&P500. Some Historical MDT News: 12/03/2018 – MEDTRONIC GETS FDA APPROVAL FOR GUARDIAN CONNECT CONTINUOUS GLU; 16/03/2018 – FBO:Veteran Aff: Veterans Affairs Contract Award – 65–PROS V23 618 MOD TO 18-AP-4367 MEDTRONIC MI (6183076826) DEVICE PO: 618; 12/03/2018 – Medtronic: Guardian Connect System Will Be Available in First Quarter of Company’s Fiscal Year 2019 (May-July 2018); 10/03/2018 – MEDTRONIC REPORTS TRIALS AFTER FIVE YEARS POST-IMPLANT; 24/05/2018 – Medtronic PLC 4Q Rev $8.14B; 09/05/2018 – Data Reinforce Reduced Complications with Medtronic Micra Transcatheter Pacing System Over Traditional Pacemakers in Real-World Use; 25/05/2018 – MEDTRONIC PLC MDT.N : MORGAN STANLEY RAISES TARGET PRICE TO $95 FROM $90; 18/05/2018 – FDA: MEDTRONIC RECALLS 529 MINDFRAME CAPTURE LP DEVICES; 21/03/2018 – Moody’s Affirms Medtronic’s A3 Senior Unsecured and Prime-2 Comml Paper Ratings; 30/05/2018 – Medtronic Forms Golden Cross: Technicals

Investors sentiment increased to 1.08 in 2018 Q1. Its up 0.06, from 1.02 in 2017Q4. It improved, as 80 investors sold MDT shares while 383 reduced holdings. 88 funds opened positions while 414 raised stakes. 1.04 billion shares or 0.00% more from 1.04 billion shares in 2017Q4 were reported. Bessemer Gru holds 0.01% or 27,046 shares in its portfolio. Moreover, Impax Asset Mngmt Limited Liability Corp has 0.07% invested in Medtronic plc (NYSE:MDT). South State Corp holds 15,690 shares or 0.14% of its portfolio. Atria Investments Limited Company reported 13,975 shares. Prudential Financial reported 0.37% in Medtronic plc (NYSE:MDT). Port Solutions Ltd Liability Com has invested 0.01% in Medtronic plc (NYSE:MDT). Winch Advisory Svcs Ltd stated it has 0.01% in Medtronic plc (NYSE:MDT). Davis R M Inc stated it has 371,897 shares or 1.19% of all its holdings. 255,761 were accumulated by Crestwood Advisors Lc. M&R Cap Mngmt reported 10,428 shares. Fdx Advisors holds 0.11% or 44,868 shares in its portfolio. Bp Plc owns 152,000 shares. Carroll Associate stated it has 17,471 shares. The Massachusetts-based Fmr Limited Liability Corporation has invested 0.07% in Medtronic plc (NYSE:MDT). American Intll Gp has 0.12% invested in Medtronic plc (NYSE:MDT) for 429,280 shares.

Edgemoor Investment Advisors Inc, which manages about $707.10M and $751.21M US Long portfolio, decreased its stake in Crown Castle Intl Corp New (NYSE:CCI) by 2,856 shares to 134,098 shares, valued at $14.70M in 2018Q1, according to the filing. It also reduced its holding in Johnson Ctls Intl Plc by 27,686 shares in the quarter, leaving it with 257,442 shares, and cut its stake in Anthem Inc (NYSE:ANTM).

More recent Medtronic plc (NYSE:MDT) news were published by: Globenewswire.com which released: “Medtronic Launches New Clinician Programmer for Deep Brain Stimulation Therapy” on June 13, 2018. Also Globenewswire.com published the news titled: “Market Trends Toward New Normal in Applied Optoelectronics, Integra LifeSciences, Medtronic, Workhorse Group …” on June 29, 2018. Fool.com‘s news article titled: “3 Top Healthcare Stocks to Buy Right Now” with publication date: June 28, 2018 was also an interesting one.

Among 31 analysts covering Medtronic (NYSE:MDT), 19 have Buy rating, 0 Sell and 12 Hold. Therefore 61% are positive. Medtronic had 90 analyst reports since August 10, 2015 according to SRatingsIntel. The stock has “Neutral” rating by Guggenheim on Thursday, June 9. Stifel Nicolaus maintained it with “Hold” rating and $9100 target in Thursday, May 25 report. The stock of Medtronic plc (NYSE:MDT) has “Buy” rating given on Tuesday, September 5 by Needham. The firm has “Buy” rating given on Tuesday, January 2 by Bank of America. The rating was maintained by Oppenheimer with “Buy” on Tuesday, July 18. The firm has “Hold” rating given on Wednesday, November 22 by Stifel Nicolaus. Needham maintained it with “Buy” rating and $93 target in Tuesday, June 7 report. Needham maintained the stock with “Buy” rating in Monday, October 9 report. Bank of America maintained the stock with “Buy” rating in Thursday, May 24 report. Cowen & Co maintained it with “Buy” rating and $95.0 target in Wednesday, September 27 report.

Personal Capital Advisors Corp, which manages about $1.01B and $6.42B US Long portfolio, upped its stake in Ishares Tr (IEI) by 181,333 shares to 1.18M shares, valued at $142.06M in 2018Q1, according to the filing. It also increased its holding in Archer Daniels Midland Co (NYSE:ADM) by 149,209 shares in the quarter, for a total of 651,230 shares, and has risen its stake in Ishares Tr (STIP).

Analysts await Amazon.com, Inc. (NASDAQ:AMZN) to report earnings on July, 26. They expect $2.52 earnings per share, up 530.00% or $2.12 from last year’s $0.4 per share. AMZN’s profit will be $1.22 billion for 170.03 P/E if the $2.52 EPS becomes a reality. After $3.27 actual earnings per share reported by Amazon.com, Inc. for the previous quarter, Wall Street now forecasts -22.94% negative EPS growth.

Among 56 analysts covering Amazon.com (NASDAQ:AMZN), 53 have Buy rating, 0 Sell and 3 Hold. Therefore 95% are positive. Amazon.com had 308 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Amazon.com, Inc. (NASDAQ:AMZN) earned “Buy” rating by Robert W. Baird on Wednesday, June 21. The firm has “Buy” rating given on Thursday, February 1 by Robert W. Baird. JP Morgan maintained it with “Overweight” rating and $925 target in Friday, July 29 report. The company was maintained on Friday, April 27 by Barclays Capital. The rating was downgraded by Monness Crespi & Hardt to “Neutral” on Monday, January 4. The stock has “Overweight” rating by Piper Jaffray on Tuesday, August 4. The firm has “Buy” rating given on Friday, February 2 by Susquehanna. The firm has “Buy” rating by Guggenheim given on Friday, September 30. J.P. Morgan maintained the stock with “Buy” rating in Wednesday, May 31 report. The rating was maintained by Monness on Monday, April 23 with “Buy”.

More notable recent Amazon.com, Inc. (NASDAQ:AMZN) news were published by: Seekingalpha.com which released: “Amazon Prime: The Moral View” on June 26, 2018, also Nasdaq.com with their article: “Amazon (AMZN) to Open First Fulfillment Center in Alabama” published on June 26, 2018, Nasdaq.com published: “Multiple Deals Make Pandora Stock a Solid Buy over the Next Year” on June 27, 2018. More interesting news about Amazon.com, Inc. (NASDAQ:AMZN) were released by: Benzinga.com and their article: “Jefferies Downgrades Walgreens On Amazon’s Competitive Threat” published on June 29, 2018 as well as Nasdaq.com‘s news article titled: “Kroger to Test Food Delivery Via Driverless Cars” with publication date: June 29, 2018.

Amazon.com, Inc. (NASDAQ:AMZN) Institutional Positions Chart

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