As Medtronic Plc (MDT) Stock Price Rose, Professional Advisory Services INC Has Increased by $3.62 Million Its Holding

June 19, 2017 - By Kurt Siggers

Investors sentiment increased to 0.81 in 2016 Q4. Its up 0.08, from 0.73 in 2016Q3. It increased, as 115 investors sold MDT shares while 468 reduced holdings. 123 funds opened positions while 351 raised stakes. 1.09 billion shares or 8.84% more from 999.44 million shares in 2016Q3 were reported. Mcf Ltd Limited Liability Company has invested 0% in Medtronic plc. Ordinary Shares (NYSE:MDT). Epoch Invest Prns Incorporated holds 0.01% or 26,932 shares in its portfolio. 15,583 were reported by Wafra Inv Advisory Gru Inc. Cibc World owns 83,887 shares. Beacon Group holds 3,893 shares. Northern Tru holds 0.34% or 15.42M shares. Archford Cap Strategies holds 14,128 shares or 0.42% of its portfolio. Regentatlantic Capital Ltd Llc has invested 0.04% in Medtronic plc. Ordinary Shares (NYSE:MDT). Olstein Capital LP reported 110,000 shares or 1.01% of all its holdings. Factory Mutual Insur stated it has 1.03M shares. Palladium Partners Lc accumulated 2,841 shares or 0.02% of the stock. Walleye Trading Limited Liability Corporation has invested 0.03% in Medtronic plc. Ordinary Shares (NYSE:MDT). Glenview Retail Bank Tru Dept owns 5,796 shares or 0.22% of their US portfolio. Sprucegrove Investment Mngmt Ltd reported 238,376 shares. Amalgamated State Bank reported 0.3% of its portfolio in Medtronic plc. Ordinary Shares (NYSE:MDT).

Professional Advisory Services Inc increased its stake in Medtronic Plc (MDT) by 41.79% based on its latest 2016Q4 regulatory filing with the SEC. Professional Advisory Services Inc bought 50,994 shares as the company’s stock rose 5.51% with the market. The institutional investor held 173,013 shares of the electromedical & electrotherapeutic apparatus company at the end of 2016Q4, valued at $12.32 million, up from 122,019 at the end of the previous reported quarter. Professional Advisory Services Inc who had been investing in Medtronic Plc for a number of months, seems to be bullish on the $120.57B market cap company. It closed at $88.08 lastly. It is down 4.04% since June 19, 2016 and is uptrending. It has underperformed by 12.66% the S&P500.

Professional Advisory Services Inc, which manages about $430.00M US Long portfolio, decreased its stake in Capital One Financial (NYSE:COF) by 41,837 shares to 178,559 shares, valued at $15.58M in 2016Q4, according to the filing.

Medtronic plc. Ordinary Shares (NYSE:MDT) Ratings Coverage

Among 25 analysts covering Medtronic (NYSE:MDT), 16 have Buy rating, 0 Sell and 9 Hold. Therefore 64% are positive. Medtronic had 41 analyst reports since August 10, 2015 according to SRatingsIntel. The company was maintained on Friday, August 26 by Needham. The firm earned “Buy” rating on Monday, May 29 by IBC. The firm earned “Conviction Buy List” rating on Friday, November 13 by Goldman Sachs. The firm has “Buy” rating given on Wednesday, November 23 by Needham. The stock has “Neutral” rating by Wedbush on Wednesday, June 1. Guggenheim initiated the stock with “Neutral” rating in Thursday, June 9 report. UBS maintained it with “Buy” rating and $96 target in Friday, August 26 report. On Wednesday, April 19 the stock rating was maintained by RBC Capital Markets with “Buy”. The rating was maintained by Oppenheimer on Friday, May 26 with “Buy”. Jefferies maintained it with “Buy” rating and $100 target in Friday, August 26 report.

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