Tortoise Investment Management Increases Stake in Intuitive Surgical (ISRG); First Eagle Investment Management Decreased Ppl (PPL) Position by $159.34 Million; Share Value Declined

April 24, 2018 - By Louis Casey

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Tortoise Investment Management Llc increased its stake in Intuitive Surgical Inc (ISRG) by 204.42% based on its latest 2017Q4 regulatory filing with the SEC. Tortoise Investment Management Llc bought 832 shares as the company’s stock rose 11.58% while stock markets declined. The institutional investor held 1,239 shares of the health care company at the end of 2017Q4, valued at $452,000, up from 407 at the end of the previous reported quarter. Tortoise Investment Management Llc who had been investing in Intuitive Surgical Inc for a number of months, seems to be bullish on the $49.75 billion market cap company. The stock decreased 1.94% or $8.71 during the last trading session, reaching $439.13. About 465,426 shares traded. Intuitive Surgical, Inc. (NASDAQ:ISRG) has risen 58.43% since April 24, 2017 and is uptrending. It has outperformed by 46.88% the S&P500.

Jean decreased its stake in Ppl Corp (PPL) by 84.26% based on its latest 2017Q4 regulatory filing with the SEC. First Eagle Investment Management Llc sold 5.31M shares as the company’s stock declined 10.38% with the market. The hedge fund run by Jean held 991,862 shares of the central company at the end of 2017Q4, valued at $30.70M, down from 6.30 million at the end of the previous reported quarter. First Eagle Investment Management Llc who had been investing in Ppl Corp for a number of months, seems to be less bullish one the $19.82B market cap company. The stock increased 1.64% or $0.46 during the last trading session, reaching $28.54. About 2.44 million shares traded. PPL Corporation (NYSE:PPL) has declined 25.72% since April 24, 2017 and is downtrending. It has underperformed by 37.27% the S&P500.

Tortoise Investment Management Llc, which manages about $469.58 million and $348.59M US Long portfolio, decreased its stake in Spdr Ser Tr (SJNK) by 14,690 shares to 9,900 shares, valued at $273,000 in 2017Q4, according to the filing. It also reduced its holding in Aberdeen Asia Pacific Incom (FAX) by 137,348 shares in the quarter, leaving it with 1.02M shares, and cut its stake in Vanguard Scottsdale Fds (VCSH).

Among 20 analysts covering Intuitive Surgical Inc (NASDAQ:ISRG), 14 have Buy rating, 1 Sell and 5 Hold. Therefore 70% are positive. Intuitive Surgical Inc had 77 analyst reports since July 22, 2015 according to SRatingsIntel. The stock has “Hold” rating by RBC Capital Markets on Tuesday, July 18. The rating was maintained by RBC Capital Markets on Wednesday, April 18 with “Hold”. As per Wednesday, July 20, the company rating was maintained by Citigroup. Stifel Nicolaus maintained the stock with “Buy” rating in Thursday, July 20 report. The firm has “Buy” rating by Leerink Swann given on Wednesday, July 5. The rating was maintained by Morgan Stanley on Friday, January 26 with “Overweight”. The company was maintained on Thursday, January 18 by Leerink Swann. The rating was maintained by Canaccord Genuity with “Hold” on Monday, July 10. Morgan Stanley upgraded Intuitive Surgical, Inc. (NASDAQ:ISRG) on Monday, January 4 to “Overweight” rating. The rating was maintained by Morgan Stanley on Tuesday, July 25 with “Overweight”.

Investors sentiment increased to 12.48 in Q4 2017. Its up 11.44, from 1.04 in 2017Q3. It improved, as 23 investors sold ISRG shares while 21 reduced holdings. 91 funds opened positions while 458 raised stakes. 191.92 million shares or 430.23% more from 36.20 million shares in 2017Q3 were reported. Bb&T Corp holds 2,263 shares or 0.02% of its portfolio. Ww Asset Inc accumulated 10,070 shares or 0.12% of the stock. Stevens Management LP has 36,748 shares. California Public Employees Retirement Sys holds 0.15% or 306,131 shares. Premier Asset Management Limited Liability, a Illinois-based fund reported 26,369 shares. 52,261 are owned by Tiverton Asset Mngmt Ltd Limited Liability Company. Albion Financial Grp Inc Ut has invested 0.06% of its portfolio in Intuitive Surgical, Inc. (NASDAQ:ISRG). Jefferies Limited Liability Corporation has invested 0.03% in Intuitive Surgical, Inc. (NASDAQ:ISRG). 1,842 were accumulated by Williams Jones & Limited Liability Co. Sandy Spring Bank & Trust holds 0.01% in Intuitive Surgical, Inc. (NASDAQ:ISRG) or 219 shares. Gotham Asset Management Limited Liability Corp holds 12,960 shares or 0.07% of its portfolio. Nelson Van Denburg Campbell Wealth Mngmt Grp Inc Limited Company owns 0.01% invested in Intuitive Surgical, Inc. (NASDAQ:ISRG) for 150 shares. Tarbox Family Office reported 50 shares. Trustmark Retail Bank Trust Department owns 6,421 shares for 0.26% of their portfolio. First Manhattan Communications reported 0% stake.

Since October 26, 2017, it had 0 insider buys, and 19 sales for $94.98 million activity. 7,500 shares were sold by MOHR MARSHALL, worth $3.11 million. $21.31 million worth of stock was sold by SMITH LONNIE M on Thursday, April 19. 964 shares valued at $413,172 were sold by Samath Jamie on Tuesday, January 30. 7,500 shares were sold by BARRATT CRAIG H, worth $2.86M. Friedman Michael A also sold $999,198 worth of Intuitive Surgical, Inc. (NASDAQ:ISRG) shares. The insider GUTHART GARY S sold 7,724 shares worth $3.20M.

Investors sentiment increased to 1.15 in Q4 2017. Its up 0.05, from 1.1 in 2017Q3. It increased, as 52 investors sold PPL shares while 213 reduced holdings. 79 funds opened positions while 226 raised stakes. 479.50 million shares or 0.01% less from 479.53 million shares in 2017Q3 were reported. Private Trust Na, a Ohio-based fund reported 10,686 shares. Wetherby Asset Mngmt Inc has 0.03% invested in PPL Corporation (NYSE:PPL) for 6,559 shares. Northern Tru reported 7.75M shares or 0.06% of all its holdings. Umb Financial Bank N A Mo has 9,800 shares. Moreover, Daiwa Sb Invests has 0% invested in PPL Corporation (NYSE:PPL) for 140 shares. Tocqueville Asset Management LP stated it has 0.01% of its portfolio in PPL Corporation (NYSE:PPL). Geode Mngmt Ltd Liability Corp reported 8.35 million shares. Janney Montgomery Scott Limited Liability Corp has 360,917 shares. Dimensional Fund Advsr Limited Partnership has 1.19M shares. Moreover, Energy Income Lc has 0.24% invested in PPL Corporation (NYSE:PPL). Vantage Investment Advsr Limited Liability Corporation invested 0.02% of its portfolio in PPL Corporation (NYSE:PPL). Employees Retirement Sys Of Ohio has 334,929 shares for 0.05% of their portfolio. The New York-based Tiaa Cref Mgmt Lc has invested 0.04% in PPL Corporation (NYSE:PPL). Moody National Bank Trust Division invested in 0.02% or 12,025 shares. British Columbia Investment Mgmt has 0.06% invested in PPL Corporation (NYSE:PPL).

First Eagle Investment Management Llc, which manages about $42.54 billion US Long portfolio, upped its stake in Union Pac Corp (NYSE:UNP) by 19,817 shares to 6.27M shares, valued at $840.18M in 2017Q4, according to the filing. It also increased its holding in Imperial Oil Ltd (NYSEMKT:IMO) by 5.40M shares in the quarter, for a total of 17.51 million shares, and has risen its stake in Cameco Corp (NYSE:CCJ).

Analysts await PPL Corporation (NYSE:PPL) to report earnings on May, 3 before the open. They expect $0.68 EPS, up 9.68% or $0.06 from last year’s $0.62 per share. PPL’s profit will be $472.12 million for 10.49 P/E if the $0.68 EPS becomes a reality. After $0.55 actual EPS reported by PPL Corporation for the previous quarter, Wall Street now forecasts 23.64% EPS growth.

PPL Corporation (NYSE:PPL) Institutional Positions Chart

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