Exxonmobil Investment Management Lowered Position in Southern Co Com Stk (SO) as Stock Value Rose; Medtronic (MDT) Holding Raised by Weaver C Barksdale & Associates Inc

February 21, 2018 - By Louis Casey

Exxonmobil Investment Management Inc decreased its stake in Southern Co Com Stk (SO) by 4.42% based on its latest 2017Q3 regulatory filing with the SEC. Exxonmobil Investment Management Inc sold 8,444 shares as the company’s stock rose 4.35% with the market. The institutional investor held 182,518 shares of the central company at the end of 2017Q3, valued at $8.97 million, down from 190,962 at the end of the previous reported quarter. Exxonmobil Investment Management Inc who had been investing in Southern Co Com Stk for a number of months, seems to be less bullish one the $43.63 billion market cap company. The stock decreased 1.05% or $0.46 during the last trading session, reaching $43.47. About 8.37 million shares traded or 20.64% up from the average. The Southern Company (NYSE:SO) has risen 2.49% since February 21, 2017 and is uptrending. It has underperformed by 14.21% the S&P500.

Weaver C Barksdale & Associates Inc increased its stake in Medtronic Inc (MDT) by 43.89% based on its latest 2017Q3 regulatory filing with the SEC. Weaver C Barksdale & Associates Inc bought 4,755 shares as the company’s stock rose 5.51% with the market. The institutional investor held 15,588 shares of the electromedical & electrotherapeutic apparatus company at the end of 2017Q3, valued at $1.21 million, up from 10,833 at the end of the previous reported quarter. Weaver C Barksdale & Associates Inc who had been investing in Medtronic Inc for a number of months, seems to be bullish on the $110.46B market cap company. The stock decreased 2.04% or $1.7 during the last trading session, reaching $81.61. About 11.13 million shares traded or 105.33% up from the average. Medtronic plc (NYSE:MDT) has risen 4.04% since February 21, 2017 and is uptrending. It has underperformed by 12.66% the S&P500.

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. As per Friday, April 21, the company rating was maintained by Northland Capital. On Tuesday, September 26 the stock rating was maintained by Jefferies with “Buy”. The rating was maintained by Stifel Nicolaus on Tuesday, August 22 with “Hold”. The stock has “Buy” rating by Needham on Wednesday, February 22. The company was maintained on Wednesday, November 23 by Stifel Nicolaus. The firm has “Buy” rating by SunTrust given on Monday, April 25. Bank of America downgraded Medtronic plc (NYSE:MDT) on Tuesday, January 3 to “Neutral” rating. The stock of Medtronic plc (NYSE:MDT) has “Buy” rating given on Thursday, June 2 by Deutsche Bank. Guggenheim initiated the stock with “Neutral” rating in Thursday, June 9 report. Stifel Nicolaus maintained the stock with “Hold” rating in Thursday, May 25 report.

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. Solutions Ltd Liability Corp reported 1,338 shares stake. Loomis Sayles Limited Partnership invested in 0.16% or 955,042 shares. Boston Family Office Limited Liability Corporation reported 8,797 shares or 0.08% of all its holdings. Asset Mgmt One Commerce has invested 0.38% in Medtronic plc (NYSE:MDT). Redmond Asset Management Ltd Liability Co reported 24,443 shares stake. Clifford Swan Invest Counsel invested 0.09% in Medtronic plc (NYSE:MDT). Commonwealth Equity Svcs Inc reported 169,383 shares. 4,656 are owned by Moody Bankshares Trust Division. Cls Llc invested 0% in Medtronic plc (NYSE:MDT). Rhenman And Prtnrs Asset reported 214,115 shares. Atlantic Trust Grp Incorporated Ltd Company has 0.63% invested in Medtronic plc (NYSE:MDT). Fisher Asset Ltd Liability invested in 0.02% or 188,912 shares. Brandywine Inv Management Limited Company has 646,083 shares. Aspen Invest Mngmt invested in 0.41% or 7,152 shares. Rand Wealth Ltd reported 2,585 shares stake.

Weaver C Barksdale & Associates Inc, which manages about $4.06B and $89.62 million US Long portfolio, decreased its stake in Frontier Communications C by 35,271 shares to 3,670 shares, valued at $43,000 in 2017Q3, according to the filing.

Among 20 analysts covering The Southern Company (NYSE:SO), 5 have Buy rating, 6 Sell and 9 Hold. Therefore 25% are positive. The Southern Company had 63 analyst reports since July 21, 2015 according to SRatingsIntel. Zacks upgraded The Southern Company (NYSE:SO) on Sunday, August 16 to “Hold” rating. SunTrust maintained it with “Hold” rating and $46.0 target in Monday, February 12 report. Bank of America maintained the shares of SO in report on Tuesday, October 24 with “Underperform” rating. SunTrust maintained the stock with “Neutral” rating in Monday, September 26 report. Howard Weil initiated the stock with “Sector Perform” rating in Friday, May 13 report. The stock has “Hold” rating by RBC Capital Markets on Sunday, September 3. As per Tuesday, October 3, the company rating was maintained by Citigroup. Jefferies maintained the stock with “Buy” rating in Tuesday, September 12 report. As per Thursday, September 14, the company rating was upgraded by Guggenheim. As per Wednesday, July 19, the company rating was maintained by Jefferies.

Investors sentiment decreased to 1 in 2017 Q3. Its down 0.16, from 1.16 in 2017Q2. It turned negative, as 51 investors sold SO shares while 353 reduced holdings. 76 funds opened positions while 330 raised stakes. 525.28 million shares or 0.91% more from 520.53 million shares in 2017Q2 were reported. Hsbc Holding Public Ltd Co owns 1.01 million shares. Com Bank & Trust stated it has 0.07% in The Southern Company (NYSE:SO). Scotia Inc accumulated 0.01% or 18,211 shares. Edge Wealth Mngmt Ltd Liability Com invested in 83,011 shares or 1.24% of the stock. Trustmark Bankshares Trust Department holds 114,198 shares. Sfmg Limited Liability Com stated it has 0.05% in The Southern Company (NYSE:SO). 8,220 are owned by Buckingham Asset Mgmt Llc. Parkside State Bank & stated it has 0.01% of its portfolio in The Southern Company (NYSE:SO). Tower Ltd Liability Company (Trc) has invested 0.01% of its portfolio in The Southern Company (NYSE:SO). Envestnet Asset Mngmt Incorporated holds 0.01% of its portfolio in The Southern Company (NYSE:SO) for 91,436 shares. Wg Shaheen And Associates Dba Whitney And invested 1.5% of its portfolio in The Southern Company (NYSE:SO). Meiji Yasuda Asset Communications Ltd reported 61,867 shares. 4,578 were reported by Boothbay Fund Limited Liability Company. Shamrock Asset Management Lc invested 0.11% in The Southern Company (NYSE:SO). 1.74 million are owned by Commonwealth Bank & Trust Of.

Since October 10, 2017, it had 0 buys, and 4 sales for $8.29 million activity. Daiss Ann P sold 5,000 shares worth $261,400. 46,941 shares were sold by BEATTIE ART P, worth $2.46 million on Thursday, October 26. 25,000 shares valued at $1.30 million were sold by Kerr – II James Y on Friday, October 20.

Exxonmobil Investment Management Inc, which manages about $3.95 billion US Long portfolio, upped its stake in Activision Blizzard Inc Com St (NASDAQ:ATVI) by 4,733 shares to 137,859 shares, valued at $8.89M in 2017Q3, according to the filing. It also increased its holding in Walgreens Boots Alliance Inc C by 4,100 shares in the quarter, for a total of 168,057 shares, and has risen its stake in Autodesk Inc Com (NASDAQ:ADSK).

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