Mayo Investment Advisers Has Lowered Medtronic (MDT) Stake by $669,900; Share Value Rose; Verizon Communications (VZ) Shareholder Oakwood Capital Management Decreased Stake by $4.95 Million as Stock Declined

February 15, 2018 - By Henry Gaston

Mayo Investment Advisers Llc decreased its stake in Medtronic Inc (MDT) by 11.41% based on its latest 2017Q3 regulatory filing with the SEC. Mayo Investment Advisers Llc sold 8,700 shares as the company’s stock rose 5.51% with the market. The institutional investor held 67,558 shares of the electromedical & electrotherapeutic apparatus company at the end of 2017Q3, valued at $5.25 million, down from 76,258 at the end of the previous reported quarter. Mayo Investment Advisers Llc who had been investing in Medtronic Inc for a number of months, seems to be less bullish one the $111.77B market cap company. The stock increased 0.88% or $0.72 during the last trading session, reaching $82.58. About 1.95M shares traded. Medtronic plc (NYSE:MDT) has risen 4.04% since February 15, 2017 and is uptrending. It has underperformed by 12.66% the S&P500.

Oakwood Capital Management Llc decreased its stake in Verizon Communications (VZ) by 96.04% based on its latest 2017Q3 regulatory filing with the SEC. Oakwood Capital Management Llc sold 101,041 shares as the company’s stock declined 7.66% while stock markets rallied. The institutional investor held 4,169 shares of the telecommunications equipment company at the end of 2017Q3, valued at $206,000, down from 105,210 at the end of the previous reported quarter. Oakwood Capital Management Llc who had been investing in Verizon Communications for a number of months, seems to be less bullish one the $201.07 billion market cap company. The stock decreased 0.43% or $0.22 during the last trading session, reaching $49.29. About 9.42 million shares traded. Verizon Communications Inc. (NYSE:VZ) has declined 8.48% since February 15, 2017 and is downtrending. It has underperformed by 25.18% the S&P500.

Among 28 analysts covering Verizon Communications Inc. (NYSE:VZ), 7 have Buy rating, 0 Sell and 21 Hold. Therefore 25% are positive. Verizon Communications Inc. had 74 analyst reports since July 22, 2015 according to SRatingsIntel. Citigroup maintained Verizon Communications Inc. (NYSE:VZ) on Wednesday, October 21 with “Neutral” rating. Jefferies maintained Verizon Communications Inc. (NYSE:VZ) on Wednesday, January 24 with “Hold” rating. SunTrust maintained it with “Hold” rating and $52.0 target in Wednesday, December 6 report. The stock of Verizon Communications Inc. (NYSE:VZ) has “Neutral” rating given on Monday, March 14 by Citigroup. The firm has “Hold” rating by Robert W. Baird given on Wednesday, October 4. The stock has “Hold” rating by Macquarie Research on Thursday, June 15. Oppenheimer downgraded the shares of VZ in report on Wednesday, July 20 to “Perform” rating. The firm has “Neutral” rating given on Tuesday, April 5 by Macquarie Research. FBR Capital maintained Verizon Communications Inc. (NYSE:VZ) rating on Wednesday, October 21. FBR Capital has “Outperform” rating and $54 target. The firm earned “Sector Perform” rating on Monday, July 31 by RBC Capital Markets.

Investors sentiment is 0.88 in 2017 Q3. Its the same as in 2017Q2. It is without change, as 81 investors sold VZ shares while 696 reduced holdings. only 114 funds opened positions while 570 raised stakes. 2.53 billion shares or 1.44% more from 2.49 billion shares in 2017Q2 were reported. Raymond James Trust Na reported 307,468 shares. Leavell Mngmt reported 73,223 shares. Chemical Bancshares owns 0.76% invested in Verizon Communications Inc. (NYSE:VZ) for 138,100 shares. Cutler Invest Counsel Lc owns 156,630 shares for 1.81% of their portfolio. Arrow Fincl, a New York-based fund reported 33,181 shares. 87,948 were reported by Schnieders Capital Mngmt Limited Liability Co. First Hawaiian Bancorp has 19,105 shares. Capwealth Advsrs Lc reported 1.44% stake. 132,763 are owned by Schmidt P J Investment Management. Buffington Mohr Mcneal has invested 0.82% in Verizon Communications Inc. (NYSE:VZ). Eads And Heald Inv Counsel reported 0.9% of its portfolio in Verizon Communications Inc. (NYSE:VZ). 230,600 are owned by Advisors Ok. Atwood And Palmer holds 2,600 shares. Shelton Mgmt stated it has 152,177 shares or 0.58% of all its holdings. First Savings Bank Of Omaha holds 379,278 shares or 1.15% of its portfolio.

Oakwood Capital Management Llc, which manages about $705.78M and $428.34 million US Long portfolio, upped its stake in Dfa U.S. Vector Equity Port Fd (DFVEX) by 66,916 shares to 850,216 shares, valued at $16.09M in 2017Q3, according to the filing. It also increased its holding in Dfa Ta Us Core Eqty 2 Port Fd (DFTCX) by 86,049 shares in the quarter, for a total of 496,254 shares, and has risen its stake in Dfa Tax Mgd Us Targeted Value (DTMVX).

Since August 28, 2017, it had 0 insider purchases, and 3 insider sales for $89,365 activity.

Investors sentiment increased to 1.12 in 2017 Q3. Its up 0.22, from 0.9 in 2017Q2. It improved, as 73 investors sold MDT shares while 392 reduced holdings. 109 funds opened positions while 414 raised stakes. 1.07 billion shares or 1.07% more from 1.06 billion shares in 2017Q2 were reported. Castleark Mgmt Lc holds 480 shares or 0% of its portfolio. State Of New Jersey Common Pension Fund D stated it has 1.40M shares or 0.44% of all its holdings. Cutter & Brokerage owns 1.24% invested in Medtronic plc (NYSE:MDT) for 40,351 shares. Argentiere Ag accumulated 0.3% or 10,001 shares. Wheatland, Pennsylvania-based fund reported 14,755 shares. Monarch Cap Management Inc reported 85,452 shares or 2.48% of all its holdings. Linscomb And Williams holds 0.04% or 6,649 shares. Private Advisor Gru Limited Com owns 36,047 shares. Dodge Cox accumulated 12.15M shares. Axa reported 702,275 shares stake. Tradition Mngmt Ltd Com invested 1.54% in Medtronic plc (NYSE:MDT). 123,700 were reported by Virginia Retirement Et Al. Ls Advisors Lc holds 0.91% or 196,275 shares in its portfolio. Roundview Cap Ltd Liability Corp holds 6,901 shares. Tru Company Of Toledo Na Oh holds 11,282 shares or 0.22% of its portfolio.

Analysts await Medtronic plc (NYSE:MDT) to report earnings on February, 20. They expect $1.17 EPS, up 4.46% or $0.05 from last year’s $1.12 per share. MDT’s profit will be $1.58B for 17.65 P/E if the $1.17 EPS becomes a reality. After $1.07 actual EPS reported by Medtronic plc for the previous quarter, Wall Street now forecasts 9.35% EPS growth.

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