As Amazon (AMZN) Valuation Rose, Fiduciary Trust Company Increased Its Stake by $610,235; Sta Wealth Management Maintains Position in Medtronic Plc (MDT)

January 20, 2018 - By Louis Casey

Sta Wealth Management Llc increased its stake in Medtronic Plc (MDT) by 59.83% based on its latest 2017Q3 regulatory filing with the SEC. Sta Wealth Management Llc bought 6,103 shares as the company’s stock rose 5.51% with the market. The institutional investor held 16,303 shares of the electromedical & electrotherapeutic apparatus company at the end of 2017Q3, valued at $1.27 million, up from 10,200 at the end of the previous reported quarter. Sta Wealth Management Llc who had been investing in Medtronic Plc for a number of months, seems to be bullish on the $117.32B market cap company. The stock decreased 0.66% or $0.58 during the last trading session, reaching $86.68. About 7.31M shares traded or 35.43% up from the average. Medtronic plc (NYSE:MDT) has risen 4.04% since January 20, 2017 and is uptrending. It has underperformed by 12.66% the S&P500.

Fiduciary Trust Company increased its stake in Amazon Inc (AMZN) by 2.06% based on its latest 2017Q3 regulatory filing with the SEC. Fiduciary Trust Company bought 635 shares as the company’s stock rose 13.58% with the market. The institutional investor held 31,442 shares of the consumer services company at the end of 2017Q3, valued at $30.23 million, up from 30,807 at the end of the previous reported quarter. Fiduciary Trust Company who had been investing in Amazon Inc for a number of months, seems to be bullish on the $623.82B market cap company. The stock increased 0.10% or $1.26 during the last trading session, reaching $1294.58. About 4.58 million shares traded or 22.72% up from the average. Amazon.com, Inc. (NASDAQ:AMZN) has risen 37.41% since January 20, 2017 and is uptrending. It has outperformed by 20.71% the S&P500.

Among 28 analysts covering Medtronic (NYSE:MDT), 19 have Buy rating, 0 Sell and 9 Hold. Therefore 68% are positive. Medtronic had 78 analyst reports since August 10, 2015 according to SRatingsIntel. The stock has “Buy” rating by Cowen & Co on Wednesday, September 27. The rating was upgraded by Argus Research to “Buy” on Tuesday, December 12. The firm has “Buy” rating by Oppenheimer given on Monday, June 26. The stock has “Buy” rating by BMO Capital Markets on Friday, September 29. As per Tuesday, January 3, the company rating was downgraded by Bank of America. The stock has “Buy” rating by Needham on Wednesday, November 23. The company was maintained on Thursday, July 6 by William Blair. The rating was initiated by Guggenheim with “Neutral” on Thursday, June 9. The firm earned “Buy” rating on Tuesday, July 18 by Needham. The stock has “Buy” rating by Jefferies on Tuesday, September 26.

Sta Wealth Management Llc, which manages about $570.34M and $262.40 million US Long portfolio, decreased its stake in Rydex Etf Trust (RSP) by 12,128 shares to 11,235 shares, valued at $1.07M in 2017Q3, according to the filing. It also reduced its holding in Ishares Tr (EEM) by 10,363 shares in the quarter, leaving it with 717,515 shares, and cut its stake in Ishares Tr (LQD).

Investors sentiment increased to 1.12 in 2017 Q3. Its up 0.22, from 0.9 in 2017Q2. It increased, 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. Tdam Usa reported 117,113 shares. Moreover, Adage Cap Prtn Ltd Com has 0.27% invested in Medtronic plc (NYSE:MDT). Bryn Mawr Tru invested in 0.06% or 14,446 shares. 1,885 were reported by Country Trust National Bank. Oak Associate Ltd Oh owns 16,492 shares. Mar Vista Invest Prns Limited Liability Com has 36,193 shares. Guardian Cap Lp has 0.11% invested in Medtronic plc (NYSE:MDT). 7,889 were accumulated by Mark Sheptoff Financial Planning Ltd. Mcdaniel Terry Com invested in 6,257 shares. Martin & Com Inc Tn invested in 0.57% or 22,447 shares. Highbridge Mngmt Ltd Liability Corporation has 0.03% invested in Medtronic plc (NYSE:MDT). Argent Trust holds 3,763 shares or 0.12% of its portfolio. Eulav Asset has invested 0.12% in Medtronic plc (NYSE:MDT). Clearbridge Investments Limited accumulated 7.52M shares or 0.56% of the stock. Goldman Sachs Gru Incorporated accumulated 6.81M shares or 0.13% of the stock.

Among 50 analysts covering Amazon.com (NASDAQ:AMZN), 47 have Buy rating, 0 Sell and 3 Hold. Therefore 94% are positive. Amazon.com had 248 analyst reports since July 21, 2015 according to SRatingsIntel. Credit Suisse maintained it with “Outperform” rating and $700 target in Friday, July 24 report. The stock of Amazon.com, Inc. (NASDAQ:AMZN) earned “Positive” rating by Susquehanna on Monday, January 18. Canaccord Genuity maintained the stock with “Buy” rating in Tuesday, July 25 report. The firm has “Buy” rating given on Monday, October 9 by Robert W. Baird. As per Monday, December 18, the company rating was maintained by J.P. Morgan. Robert W. Baird maintained Amazon.com, Inc. (NASDAQ:AMZN) rating on Friday, October 23. Robert W. Baird has “Buy” rating and $710 target. Mizuho maintained Amazon.com, Inc. (NASDAQ:AMZN) rating on Friday, February 3. Mizuho has “Buy” rating and $905 target. The stock of Amazon.com, Inc. (NASDAQ:AMZN) earned “Buy” rating by Axiom Capital on Tuesday, November 1. The stock of Amazon.com, Inc. (NASDAQ:AMZN) earned “Neutral” rating by Suntrust Robinson on Friday, July 29. The stock of Amazon.com, Inc. (NASDAQ:AMZN) earned “Buy” rating by Wells Fargo on Friday, October 27.

Since August 3, 2017, it had 0 insider buys, and 9 insider sales for $16.47 million activity. The insider WILKE JEFFREY A sold $697,038. Zapolsky David also sold $2.30 million worth of Amazon.com, Inc. (NASDAQ:AMZN) shares. 2,077 shares were sold by Blackburn Jeffrey M, worth $2.05M. Another trade for 1,985 shares valued at $1.96 million was sold by Jassy Andrew R. Shares for $2.31M were sold by Olsavsky Brian T.

Investors sentiment decreased to 1.26 in 2017 Q3. Its down 0.10, from 1.36 in 2017Q2. It fall, as 73 investors sold AMZN shares while 549 reduced holdings. 127 funds opened positions while 657 raised stakes. 279.77 million shares or 1.91% less from 285.20 million shares in 2017Q2 were reported. Sands Capital Ltd invested in 5.32% or 1.85M shares. Cubist Systematic Strategies Limited Co stated it has 0.22% in Amazon.com, Inc. (NASDAQ:AMZN). Axiom Investors Ltd Com De holds 1.44% of its portfolio in Amazon.com, Inc. (NASDAQ:AMZN) for 66,897 shares. Conatus Limited Partnership has 14,813 shares. Northern Tru reported 4.78 million shares. Boys Arnold & Co holds 0.13% or 873 shares. Hyman Charles D has 0.09% invested in Amazon.com, Inc. (NASDAQ:AMZN) for 719 shares. Hanson Mcclain holds 292 shares. Moreover, Park Natl Oh has 0.04% invested in Amazon.com, Inc. (NASDAQ:AMZN). Wasatch holds 792 shares. Signature Est Inv Advisors Limited invested in 2,328 shares or 0.25% of the stock. Bridges Mngmt holds 1.28% of its portfolio in Amazon.com, Inc. (NASDAQ:AMZN) for 10,351 shares. Cibc Ww Mkts reported 1.34% of its portfolio in Amazon.com, Inc. (NASDAQ:AMZN). Moreover, Fifth Third Financial Bank has 0.81% invested in Amazon.com, Inc. (NASDAQ:AMZN) for 117,777 shares. Gw Henssler Ltd has 0.03% invested in Amazon.com, Inc. (NASDAQ:AMZN) for 341 shares.

Fiduciary Trust Company, which manages about $3.25B US Long portfolio, decreased its stake in Synopsys Inc (NASDAQ:SNPS) by 5,379 shares to 8,283 shares, valued at $667,000 in 2017Q3, according to the filing. It also reduced its holding in Jpmorgan Chase & Co (NYSE:JPM) by 6,826 shares in the quarter, leaving it with 298,145 shares, and cut its stake in General Electric Co (NYSE:GE).

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