Stryker (SYK) Holder Yacktman Asset Management LP Decreased Holding as Share Value Rose; Marathon Pete (MPC) Stock Value Rose While Fulton Bank Has Cut Its Position by $400,205

May 24, 2018 - By Clifton Ray

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Donald Yacktman decreased its stake in Stryker Corporation (SYK) by 30.53% based on its latest 2017Q4 regulatory filing with the SEC. Yacktman Asset Management Lp sold 217,553 shares as the company’s stock rose 2.85% while stock markets declined. The hedge fund run by Donald Yacktman held 495,052 shares of the medical and dental instruments company at the end of 2017Q4, valued at $76.65 million, down from 712,605 at the end of the previous reported quarter. Yacktman Asset Management Lp who had been investing in Stryker Corporation for a number of months, seems to be less bullish one the $65.96 billion market cap company. The stock increased 0.62% or $1.0872 during the last trading session, reaching $176.5072. About 70,176 shares traded. Stryker Corporation (NYSE:SYK) has risen 19.66% since May 24, 2017 and is uptrending. It has outperformed by 8.11% the S&P500.

Fulton Bank decreased its stake in Marathon Pete Corp (MPC) by 28.19% based on its latest 2017Q4 regulatory filing with the SEC. Fulton Bank sold 6,157 shares as the company’s stock rose 9.83% while stock markets declined. The institutional investor held 15,685 shares of the integrated oil company at the end of 2017Q4, valued at $1.04M, down from 21,842 at the end of the previous reported quarter. Fulton Bank who had been investing in Marathon Pete Corp for a number of months, seems to be less bullish one the $35.94 billion market cap company. The stock decreased 1.34% or $1.06 during the last trading session, reaching $77.81. About 183,396 shares traded. Marathon Petroleum Corporation (NYSE:MPC) has risen 49.25% since May 24, 2017 and is uptrending. It has outperformed by 37.70% the S&P500.

Investors sentiment decreased to 0.8 in Q4 2017. Its down 0.07, from 0.87 in 2017Q3. It turned negative, as 39 investors sold SYK shares while 375 reduced holdings. 100 funds opened positions while 232 raised stakes. 275.69 million shares or 0.03% more from 275.60 million shares in 2017Q3 were reported. Lynch And Assoc In, Indiana-based fund reported 27,300 shares. Livforsakringsbolaget Skandia Omsesidigt invested in 5,097 shares or 0.08% of the stock. Millennium Mgmt Limited Company reported 59,733 shares. Sit Associates reported 825 shares. M holds 0.21% in Stryker Corporation (NYSE:SYK) or 8,924 shares. 2,800 are held by Franklin Street Nc. Whittier Trust Communications Of Nevada Incorporated reported 0.11% of its portfolio in Stryker Corporation (NYSE:SYK). Linscomb Williams has 10,469 shares for 0.13% of their portfolio. Smithfield Trust holds 0.07% or 3,490 shares. Fenimore Asset Mgmt has 3.12% invested in Stryker Corporation (NYSE:SYK) for 531,771 shares. Public Employees Retirement Of Ohio holds 0.18% or 242,720 shares in its portfolio. Keating Invest Counselors Incorporated holds 22,720 shares. Parametric Portfolio Associates Lc reported 786,427 shares. Hendershot has 19,120 shares. Perkins Coie Trust invested in 18,322 shares.

Since February 1, 2018, it had 1 buying transaction, and 15 insider sales for $26.00 million activity. Floyd David also sold $9.18M worth of Stryker Corporation (NYSE:SYK) shares. Shares for $7,365 were bought by Doliveux Roch on Monday, April 30. COX HOWARD E JR had sold 7,400 shares worth $1.21 million on Friday, February 2. On Thursday, February 1 FRANCESCONI LOUISE sold $713,655 worth of Stryker Corporation (NYSE:SYK) or 4,347 shares. $832,103 worth of Stryker Corporation (NYSE:SYK) shares were sold by Carpenter Lonny J. Another trade for 23,221 shares valued at $3.85 million was made by Becker Yin C on Thursday, March 8.

Among 30 analysts covering Stryker Corporation (NYSE:SYK), 20 have Buy rating, 1 Sell and 9 Hold. Therefore 67% are positive. Stryker Corporation had 98 analyst reports since July 27, 2015 according to SRatingsIntel. On Monday, October 30 the stock rating was maintained by BMO Capital Markets with “Hold”. Oppenheimer maintained the shares of SYK in report on Monday, June 19 with “Hold” rating. The stock of Stryker Corporation (NYSE:SYK) has “Hold” rating given on Thursday, June 29 by Jefferies. On Friday, April 27 the stock rating was maintained by Stifel Nicolaus with “Buy”. The firm has “Sell” rating given on Monday, June 19 by Needham. UBS upgraded the stock to “Buy” rating in Thursday, December 15 report. The company was maintained on Friday, September 29 by BMO Capital Markets. Canaccord Genuity maintained Stryker Corporation (NYSE:SYK) on Wednesday, January 25 with “Buy” rating. The company was downgraded on Friday, January 6 by Needham. The stock of Stryker Corporation (NYSE:SYK) has “Hold” rating given on Wednesday, April 12 by BMO Capital Markets.

More news for Stryker Corporation (NYSE:SYK) were recently published by: Seekingalpha.com, which released: “Stryker (SYK) Q1 2018 Results – Earnings Call Transcript” on April 27, 2018. Streetinsider.com‘s article titled: “BofA/Merrill Lynch Doesn’t See Stryker (SYK) Buying Smith and Nephew (SNN)” and published on April 25, 2018 is yet another important article.

Analysts await Stryker Corporation (NYSE:SYK) to report earnings on July, 26. They expect $1.73 earnings per share, up 13.07% or $0.20 from last year’s $1.53 per share. SYK’s profit will be $646.52M for 25.51 P/E if the $1.73 EPS becomes a reality. After $1.68 actual earnings per share reported by Stryker Corporation for the previous quarter, Wall Street now forecasts 2.98% EPS growth.

Fulton Bank, which manages about $1.42 billion US Long portfolio, upped its stake in Cummins Inc (NYSE:CMI) by 4,753 shares to 13,598 shares, valued at $2.40M in 2017Q4, according to the filing. It also increased its holding in Advisers Invt Tr by 83,437 shares in the quarter, for a total of 2.97M shares, and has risen its stake in Nationwide Mut Fds New.

Analysts await Marathon Petroleum Corporation (NYSE:MPC) to report earnings on July, 26. They expect $1.65 EPS, up 60.19% or $0.62 from last year’s $1.03 per share. MPC’s profit will be $762.10M for 11.79 P/E if the $1.65 EPS becomes a reality. After $0.08 actual EPS reported by Marathon Petroleum Corporation for the previous quarter, Wall Street now forecasts 1,962.50% EPS growth.

Since December 12, 2017, it had 1 buying transaction, and 5 sales for $8.42 million activity. Nichols Rodney P. had sold 6,374 shares worth $413,864 on Thursday, December 14. $1.12 million worth of Marathon Petroleum Corporation (NYSE:MPC) shares were sold by Palmer C. Michael. Shares for $1.40M were sold by Kelley Thomas M..

Among 21 analysts covering Marathon Petroleum Corp (NYSE:MPC), 16 have Buy rating, 0 Sell and 5 Hold. Therefore 76% are positive. Marathon Petroleum Corp had 92 analyst reports since August 10, 2015 according to SRatingsIntel. As per Thursday, July 27, the company rating was maintained by Cowen & Co. Vetr downgraded Marathon Petroleum Corporation (NYSE:MPC) rating on Tuesday, August 11. Vetr has “Strong-Buy” rating and $59 target. The firm has “Overweight” rating given on Friday, December 4 by Barclays Capital. Cowen & Co maintained the stock with “Buy” rating in Tuesday, October 17 report. The stock has “Hold” rating by Jefferies on Tuesday, April 24. The stock of Marathon Petroleum Corporation (NYSE:MPC) has “Buy” rating given on Thursday, July 13 by Credit Suisse. The stock has “Buy” rating by Zacks on Monday, August 10. The stock of Marathon Petroleum Corporation (NYSE:MPC) earned “Outperform” rating by Credit Suisse on Tuesday, January 26. The stock of Marathon Petroleum Corporation (NYSE:MPC) has “Buy” rating given on Thursday, July 13 by Cowen & Co. Howard Weil maintained the shares of MPC in report on Thursday, February 4 with “Sector Outperform” rating.

More notable recent Marathon Petroleum Corporation (NYSE:MPC) news were published by: Benzinga.com which released: “Andeavor Downgraded By Morgan Stanley On Marathon Acquisition” on May 08, 2018, also Bizjournals.com with their article: “Three-person team to oversee Marathon acquisition of Andeavor” published on May 11, 2018, Seekingalpha.com published: “Reuters: Marathon Petroleum seeking EPA biofuel waiver” on May 23, 2018. More interesting news about Marathon Petroleum Corporation (NYSE:MPC) were released by: 247Wallst.com and their article: “Marathon, Andeavor to Merge, Create Largest US Oil Refiner” published on April 30, 2018 as well as Fool.com‘s news article titled: “3 Top Oil Stocks to Buy Now” with publication date: May 24, 2018.

Investors sentiment increased to 0.96 in Q4 2017. Its up 0.05, from 0.91 in 2017Q3. It increased, as 37 investors sold MPC shares while 316 reduced holdings. 118 funds opened positions while 222 raised stakes. 367.91 million shares or 3.23% less from 380.18 million shares in 2017Q3 were reported. Bluecrest Cap Management Limited has 0.39% invested in Marathon Petroleum Corporation (NYSE:MPC). Waddell & Reed Incorporated holds 0.13% in Marathon Petroleum Corporation (NYSE:MPC) or 916,658 shares. Kornitzer Mngmt Ks has 157,000 shares for 0.18% of their portfolio. New York State Teachers Retirement holds 0.14% or 916,726 shares in its portfolio. Affinity Investment Advisors Ltd Llc accumulated 180,331 shares. Park Avenue Secs Lc invested 0.06% of its portfolio in Marathon Petroleum Corporation (NYSE:MPC). Quantitative Management Limited Liability Corp, Virginia-based fund reported 29,000 shares. Rathbone Brothers Public Limited Company accumulated 3,370 shares or 0.01% of the stock. 6,607 were accumulated by Old Point Tru N A. Creative Planning invested in 40,560 shares or 0.01% of the stock. First Commercial Bank holds 0.05% or 4,847 shares. Calamos Wealth Mngmt Ltd Liability Com has invested 0.35% in Marathon Petroleum Corporation (NYSE:MPC). Mount Lucas Mgmt LP reported 175,538 shares. Gamble Jones Counsel holds 0.02% or 3,200 shares in its portfolio. Brandywine Inv Limited Company owns 559,907 shares or 0.22% of their US portfolio.

Stryker Corporation (NYSE:SYK) Institutional Positions Chart

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