Sasco Capital Has Lowered Holding in Tjx Companies (TJX) by $31.58 Million as Valuation Declined; Mogy Joel R Investment Counsel Lowered Holding in Medtronic Plc (MDT) by $770,000 as Share Price Rose

February 17, 2018 - By Hazel Jackson

Sasco Capital Inc decreased its stake in Tjx Companies (TJX) by 26.55% based on its latest 2017Q3 regulatory filing with the SEC. Sasco Capital Inc sold 432,668 shares as the company’s stock declined 3.78% while stock markets rallied. The institutional investor held 1.20M shares of the consumer services company at the end of 2017Q3, valued at $88.27 million, down from 1.63 million at the end of the previous reported quarter. Sasco Capital Inc who had been investing in Tjx Companies for a number of months, seems to be less bullish one the $49.24B market cap company. The stock decreased 0.13% or $0.1 during the last trading session, reaching $77.88. About 4.11 million shares traded. The TJX Companies, Inc. (NYSE:TJX) has declined 2.02% since February 17, 2017 and is downtrending. It has underperformed by 18.72% the S&P500.

Mogy Joel R Investment Counsel Inc decreased its stake in Medtronic Plc (MDT) by 47.57% based on its latest 2017Q3 regulatory filing with the SEC. Mogy Joel R Investment Counsel Inc sold 10,000 shares as the company’s stock rose 5.51% with the market. The institutional investor held 11,020 shares of the electromedical & electrotherapeutic apparatus company at the end of 2017Q3, valued at $857,000, down from 21,020 at the end of the previous reported quarter. Mogy Joel R Investment Counsel Inc who had been investing in Medtronic Plc for a number of months, seems to be less bullish one the $112.76B market cap company. The stock increased 0.45% or $0.37 during the last trading session, reaching $83.31. About 6.86 million shares traded or 27.38% up from the average. Medtronic plc (NYSE:MDT) has risen 4.04% since February 17, 2017 and is uptrending. It has underperformed by 12.66% the S&P500.

Investors sentiment increased to 1.12 in Q3 2017. 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. Signaturefd Ltd Liability holds 0.06% or 5,763 shares in its portfolio. White Pine Capital Ltd holds 2,787 shares or 0% of its portfolio. Thrivent For Lutherans owns 2.18M shares. Moreover, River & Mercantile Asset Mngmt Llp has 0.35% invested in Medtronic plc (NYSE:MDT) for 30,658 shares. Magnetar Financial Ltd Liability Corp accumulated 47,613 shares. Dowling & Yahnke Lc has invested 0.21% in Medtronic plc (NYSE:MDT). Franklin Inc accumulated 38.53M shares or 1.47% of the stock. Tarbox Family Office Inc holds 5,205 shares or 0.18% of its portfolio. 13,250 are held by M&R Cap. First Commercial Bank Of Omaha owns 128,890 shares for 0.61% of their portfolio. Country Club Trust Company Na owns 8,605 shares for 0.09% of their portfolio. New York-based Schafer Cullen Management Inc has invested 0.08% in Medtronic plc (NYSE:MDT). Gofen & Glossberg Llc Il reported 7,599 shares. Opus Cap Grp Lc stated it has 6,040 shares or 0.11% of all its holdings. 18,350 are owned by Private Wealth Limited Liability.

Among 28 analysts covering Medtronic (NYSE:MDT), 18 have Buy rating, 0 Sell and 10 Hold. Therefore 64% are positive. Medtronic had 79 analyst reports since August 10, 2015 according to SRatingsIntel. The firm earned “Outperform” rating on Thursday, July 6 by William Blair. Evercore upgraded Medtronic plc (NYSE:MDT) on Thursday, October 8 to “Buy” rating. The firm has “Buy” rating given on Tuesday, August 22 by Cowen & Co. Citigroup initiated it with “Buy” rating and $102 target in Tuesday, August 23 report. The stock has “Hold” rating by Northland Capital on Friday, April 21. The stock has “Buy” rating by Oppenheimer on Monday, June 26. The stock of Medtronic plc (NYSE:MDT) has “Hold” rating given on Thursday, May 25 by Stifel Nicolaus. Stifel Nicolaus maintained the shares of MDT in report on Tuesday, August 22 with “Hold” rating. The firm has “Buy” rating by IBC given on Monday, May 29. SunTrust initiated Medtronic plc (NYSE:MDT) on Monday, April 25 with “Buy” rating.

Mogy Joel R Investment Counsel Inc, which manages about $766.81 million and $601.17M US Long portfolio, upped its stake in Ishares Tr (IJH) by 2,885 shares to 44,100 shares, valued at $7.89M in 2017Q3, according to the filing. It also increased its holding in Alibaba Group Hldg Ltd (NYSE:BABA) by 5,110 shares in the quarter, for a total of 7,385 shares, and has risen its stake in Ishares Tr (IJR).

Analysts await Medtronic plc (NYSE:MDT) to report earnings on February, 20. They expect $1.17 earnings per share, up 4.46% or $0.05 from last year’s $1.12 per share. MDT’s profit will be $1.58B for 17.80 P/E if the $1.17 EPS becomes a reality. After $1.07 actual earnings per share reported by Medtronic plc for the previous quarter, Wall Street now forecasts 9.35% EPS growth.

Investors sentiment decreased to 1 in Q3 2017. Its down 0.02, from 1.02 in 2017Q2. It turned negative, as 59 investors sold TJX shares while 374 reduced holdings. 104 funds opened positions while 328 raised stakes. 550.02 million shares or 0.12% less from 550.70 million shares in 2017Q2 were reported. First Manhattan Co holds 15,624 shares or 0.01% of its portfolio. 95,806 were accumulated by Westpac Bk Corporation. Weybosset Rech & Mgmt Ltd Liability holds 3.64% of its portfolio in The TJX Companies, Inc. (NYSE:TJX) for 74,395 shares. Oppenheimer Asset Mngmt Inc invested in 0.25% or 127,961 shares. Crestpoint Mngmt Lc has 0.3% invested in The TJX Companies, Inc. (NYSE:TJX). Next Group Inc holds 0.04% in The TJX Companies, Inc. (NYSE:TJX) or 1,813 shares. Nuveen Asset Mngmt Limited Liability Corp reported 0.01% of its portfolio in The TJX Companies, Inc. (NYSE:TJX). 908,305 were reported by Spf Beheer Bv. Telemus Capital Ltd owns 47,647 shares or 0.55% of their US portfolio. Pictet Asset Mngmt accumulated 478,038 shares. Sfmg Limited Liability reported 3,480 shares stake. M Hldg stated it has 0.08% of its portfolio in The TJX Companies, Inc. (NYSE:TJX). Sun Life Finance holds 0.03% in The TJX Companies, Inc. (NYSE:TJX) or 4,666 shares. Natixis invested in 0.06% or 89,054 shares. Webster Retail Bank N A reported 0.02% of its portfolio in The TJX Companies, Inc. (NYSE:TJX).

Sasco Capital Inc, which manages about $6.25 billion and $2.79B US Long portfolio, upped its stake in Ggp Inc by 458,920 shares to 2.07M shares, valued at $43.05 million in 2017Q3, according to the filing.

Among 28 analysts covering The TJX Companies (NYSE:TJX), 24 have Buy rating, 0 Sell and 4 Hold. Therefore 86% are positive. The TJX Companies had 69 analyst reports since August 10, 2015 according to SRatingsIntel. Nomura maintained the stock with “Buy” rating in Wednesday, August 16 report. Wedbush maintained the shares of TJX in report on Wednesday, August 17 with “Outperform” rating. Miller Tabak initiated the shares of TJX in report on Friday, June 24 with “Buy” rating. The stock of The TJX Companies, Inc. (NYSE:TJX) has “Buy” rating given on Monday, June 19 by RBC Capital Markets. The stock of The TJX Companies, Inc. (NYSE:TJX) has “Outperform” rating given on Tuesday, February 2 by BMO Capital Markets. The rating was maintained by RBC Capital Markets on Monday, October 30 with “Buy”. RBC Capital Markets initiated The TJX Companies, Inc. (NYSE:TJX) on Friday, November 6 with “Outperform” rating. As per Wednesday, January 17, the company rating was maintained by Nomura. The rating was upgraded by Northcoast on Thursday, September 7 to “Buy”. The rating was downgraded by Wells Fargo on Wednesday, January 3 to “Market Perform”.

Since September 1, 2017, it had 0 insider purchases, and 1 insider sale for $1.45 million activity.

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