Washington Trust Bank Has Boosted Its Stake in Visa (V) as Stock Price Rose; As Magellan Midstream Prtnrs LP (MMP) Shares Declined, Samson Capital Management Trimmed Holding

February 15, 2018 - By Nellie Frank

Washington Trust Bank increased its stake in Visa Inc (V) by 85.34% based on its latest 2017Q3 regulatory filing with the SEC. Washington Trust Bank bought 3,324 shares as the company’s stock rose 5.74% with the market. The institutional investor held 7,219 shares of the business services company at the end of 2017Q3, valued at $760,000, up from 3,895 at the end of the previous reported quarter. Washington Trust Bank who had been investing in Visa Inc for a number of months, seems to be bullish on the $272.28 billion market cap company. The stock increased 0.02% or $0.0219 during the last trading session, reaching $120.6419. About 2.84 million shares traded. Visa Inc. (NYSE:V) has risen 20.29% since February 15, 2017 and is uptrending. It has outperformed by 3.59% the S&P500.

Samson Capital Management Llc decreased its stake in Magellan Midstream Prtnrs Lp (MMP) by 34.71% based on its latest 2017Q3 regulatory filing with the SEC. Samson Capital Management Llc sold 68,611 shares as the company’s stock declined 7.68% while stock markets rallied. The institutional investor held 129,079 shares of the natural gas distribution company at the end of 2017Q3, valued at $9.17 million, down from 197,690 at the end of the previous reported quarter. Samson Capital Management Llc who had been investing in Magellan Midstream Prtnrs Lp for a number of months, seems to be less bullish one the $15.39 billion market cap company. The stock decreased 0.27% or $0.18 during the last trading session, reaching $67.47. About 153,473 shares traded. Magellan Midstream Partners, L.P. (NYSE:MMP) has risen 3.55% since February 15, 2017 and is uptrending. It has underperformed by 13.15% the S&P500.

Among 23 analysts covering Magellan Midstream Partners L.P. (NYSE:MMP), 12 have Buy rating, 3 Sell and 8 Hold. Therefore 52% are positive. Magellan Midstream Partners L.P. had 59 analyst reports since August 7, 2015 according to SRatingsIntel. The stock of Magellan Midstream Partners, L.P. (NYSE:MMP) earned “Neutral” rating by Mizuho on Monday, February 6. RBC Capital Markets maintained it with “Outperform” rating and $69 target in Friday, April 29 report. Raymond James upgraded the stock to “Strong Buy” rating in Monday, January 4 report. The stock of Magellan Midstream Partners, L.P. (NYSE:MMP) earned “Buy” rating by Bank of America on Friday, February 2. The stock has “Neutral” rating by Macquarie Research on Friday, April 21. The rating was downgraded by Wells Fargo on Wednesday, January 11 to “Market Perform”. As per Thursday, December 15, the company rating was upgraded by Goldman Sachs. As per Monday, April 4, the company rating was downgraded by Wunderlich. The stock of Magellan Midstream Partners, L.P. (NYSE:MMP) has “Hold” rating given on Thursday, September 7 by Stifel Nicolaus. Stifel Nicolaus maintained Magellan Midstream Partners, L.P. (NYSE:MMP) on Wednesday, August 2 with “Hold” rating.

Since September 14, 2017, it had 0 insider purchases, and 1 sale for $353,200 activity.

Investors sentiment is 0.9 in Q3 2017. Its the same as in 2017Q2. It is the same, as 42 investors sold MMP shares while 161 reduced holdings. only 40 funds opened positions while 142 raised stakes. 134.51 million shares or 2.12% more from 131.72 million shares in 2017Q2 were reported. Veritable LP reported 135,102 shares or 0.2% of all its holdings. Bessemer Gru holds 0.01% of its portfolio in Magellan Midstream Partners, L.P. (NYSE:MMP) for 38,410 shares. Osterweis Mngmt holds 364,841 shares or 1.94% of its portfolio. 7,563 were reported by Koshinski Asset. 4,397 are held by Gamble Jones Inv Counsel. Ftb Advsr stated it has 6,403 shares or 0.05% of all its holdings. Riverpark Limited Company holds 18,900 shares. Moreover, Hartford Management has 0.01% invested in Magellan Midstream Partners, L.P. (NYSE:MMP) for 280 shares. Monroe Natl Bank And Tru Mi holds 0.1% in Magellan Midstream Partners, L.P. (NYSE:MMP) or 3,731 shares. 26,383 were reported by Linscomb Williams Inc. Usca Ria Ltd Liability Com holds 18,100 shares or 0.17% of its portfolio. Icon Advisers holds 0.37% or 74,000 shares in its portfolio. Hightower Advsr Limited Liability reported 0.39% stake. Verity Asset Mngmt has 0.29% invested in Magellan Midstream Partners, L.P. (NYSE:MMP) for 5,380 shares. Moreover, Camelot Portfolios Limited Liability Company has 0.3% invested in Magellan Midstream Partners, L.P. (NYSE:MMP) for 8,738 shares.

Since August 17, 2017, it had 0 buys, and 2 selling transactions for $6.36 million activity. Another trade for 6,220 shares valued at $707,561 was made by MATSCHULLAT ROBERT W on Wednesday, December 13. Another trade for 49,702 shares valued at $5.65 million was made by MAHON TULLIER KELLY on Friday, December 15.

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