Summit Financial Wealth Advisors Increased Its Walmart (WMT) Holding by $347,424; Market Value Declined; As United Technologies (UTX) Shares Declined, Farmers National Bank Lifted Stake

June 23, 2018 - By Adrian Mccoy

United Technologies Corporation (NYSE:UTX) Logo

Farmers National Bank increased its stake in United Technologies Corp (UTX) by 183.59% based on its latest 2018Q1 regulatory filing with the SEC. Farmers National Bank bought 6,400 shares as the company’s stock declined 6.23% with the market. The institutional investor held 9,886 shares of the aerospace company at the end of 2018Q1, valued at $1.24 million, up from 3,486 at the end of the previous reported quarter. Farmers National Bank who had been investing in United Technologies Corp for a number of months, seems to be bullish on the $99.90 billion market cap company. The stock increased 1.13% or $1.39 during the last trading session, reaching $124.87. About 3.97 million shares traded. United Technologies Corporation (NYSE:UTX) has risen 3.91% since June 23, 2017 and is uptrending. It has underperformed by 8.66% the S&P500. Some Historical UTX News: 03/04/2018 – Amazon finishes higher despite Trump’s new threat on shipping rates; 05/03/2018 EXCLUSIVE-Airbus sets services goal, targets productivity gains; 09/05/2018 – Fit For A King: UTC Aerospace Systems Providing Key Power Transmission Components For America’s Most Powerful Helicopter, The S; 30/04/2018 – Unmanned Imaging: UTC Aerospace Systems Unveils New TASE250 Optical Payload For Small UAS Commercial And Military Applications; 12/04/2018 – RadioResource: UTC Requests Federal Funding for Communications R&D; 24/04/2018 – United Technologies 1Q Net $1.3B; 24/04/2018 – United Technologies 1Q Capital Expenditures $337M; 04/05/2018 – UTC’s takeover of Rockwell Collins approved by EU regulator; 15/05/2018 – Ackman told CNBC’s Scott Wapner in February he had been building a stake in United Technologies, noting he thought the company was “great.”; 24/04/2018 – United Technologies Raises 2018 Outlook

Summit Financial Wealth Advisors Llc increased its stake in Walmart Inc (WMT) by 38.16% based on its latest 2018Q1 regulatory filing with the SEC. Summit Financial Wealth Advisors Llc bought 3,948 shares as the company’s stock declined 11.45% with the market. The institutional investor held 14,294 shares of the consumer services company at the end of 2018Q1, valued at $1.27 million, up from 10,346 at the end of the previous reported quarter. Summit Financial Wealth Advisors Llc who had been investing in Walmart Inc for a number of months, seems to be bullish on the $250.29B market cap company. The stock increased 0.72% or $0.61 during the last trading session, reaching $84.82. About 11.01M shares traded or 19.20% up from the average. Walmart Inc. (NYSE:WMT) has risen 5.30% since June 23, 2017 and is uptrending. It has underperformed by 7.27% the S&P500. Some Historical WMT News: 30/05/2018 – Walmart’s New Education Benefit Puts Cap and Gown within Reach for Associates; 03/04/2018 – Walmart to expand cash transfers with MoneyGram partnership; 28/05/2018 – CONFEDERATION OF ALL INDIA TRADERS-STRONGLY OBJECTED MERGER OF TWO COMPANIES; WALMART WILL CREATE AN UNFAIR COMPETITION & UNEVEN LEVEL PLAYING FIELD; 12/05/2018 – There’s a whole bunch of data in Walmart’s corner that supports the risk it’s taking in buying Flipkart – Here’s five charts that explain:; 06/03/2018 – ALDI UK ALDIEI.UL SALES UP 13.9 PCT, LIDL UK SALES UP 13.3 PCT – KANTAR WORLDPANEL; 08/05/2018 – ♫ Reuters Insider – Asia Insight: Takeda snatches Shire in sweetened $62.4 bln deal; 17/05/2018 – Walmart’s online sales jump 33%; 09/05/2018 – The Information: Walmart and Target Take Page From Amazon’s Cloud Playbook; 03/05/2018 – ♫ Reuters Insider – Asia Insight: U.S. trade team arrives in Beijing for talks, China media cautious; 24/04/2018 – DoorDash Signs on as a Key Delivery Provider of Walmart’s Online Grocery Program in the Atlanta Metro Area

Among 24 analysts covering United Technologies Corporation (NYSE:UTX), 15 have Buy rating, 0 Sell and 9 Hold. Therefore 63% are positive. United Technologies Corporation had 89 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was upgraded by Atlantic Securities to “Overweight” on Tuesday, December 5. The stock of United Technologies Corporation (NYSE:UTX) has “Equalweight” rating given on Wednesday, July 27 by Barclays Capital. Citigroup downgraded the shares of UTX in report on Monday, October 10 to “Neutral” rating. The firm has “Buy” rating by Cowen & Co given on Monday, August 7. The stock has “Overweight” rating by Barclays Capital on Monday, February 26. The firm has “Buy” rating given on Monday, January 8 by Jefferies. The firm earned “Neutral” rating on Thursday, October 6 by Robert W. Baird. The firm has “Outperform” rating by Credit Suisse given on Monday, December 19. The rating was maintained by RBC Capital Markets with “Hold” on Friday, November 10. Deutsche Bank downgraded the shares of UTX in report on Wednesday, July 22 to “Hold” rating.

Farmers National Bank, which manages about $161.89 million US Long portfolio, decreased its stake in Coca (NYSE:KO) by 11,215 shares to 72,632 shares, valued at $3.15 million in 2018Q1, according to the filing. It also reduced its holding in Verizon Communications Inc (NYSE:VZ) by 6,424 shares in the quarter, leaving it with 54,326 shares, and cut its stake in At&T Inc (NYSE:T).

Investors sentiment increased to 0.94 in 2018 Q1. Its up 0.02, from 0.92 in 2017Q4. It increased, as 62 investors sold UTX shares while 542 reduced holdings. 98 funds opened positions while 467 raised stakes. 630.65 million shares or 1.06% more from 624.06 million shares in 2017Q4 were reported. Mackenzie Fin Corporation accumulated 1.58M shares or 0.51% of the stock. Flossbach Von Storch Ag owns 1.55M shares or 2% of their US portfolio. Liberty Mutual Grp Asset Mgmt holds 0.11% or 29,607 shares. Moreover, Armstrong Henry H Assoc Incorporated has 0.28% invested in United Technologies Corporation (NYSE:UTX). Stonebridge Capital Advsrs Llc holds 0.06% or 2,086 shares in its portfolio. Contravisory Mngmt invested in 0.01% or 142 shares. Foster Motley invested in 1.39% or 67,847 shares. Marshwinds Advisory Co holds 4,525 shares or 0.27% of its portfolio. 144,361 were accumulated by Agf Inc. 1.27M are held by Rhumbline Advisers. Oppenheimer And Comm invested in 0.25% or 76,021 shares. Doheny Asset Ca holds 0.23% or 3,482 shares in its portfolio. Buffington Mohr Mcneal invested in 7,309 shares or 0.35% of the stock. Moreover, Welch Grp Incorporated has 3.05% invested in United Technologies Corporation (NYSE:UTX). Front Barnett Assoc Limited Liability Co owns 107,022 shares.

Since February 22, 2018, it had 1 buying transaction, and 5 sales for $2.57 million activity. MCDONOUGH ROBERT J had sold 10,770 shares worth $1.28M. $1.09M worth of United Technologies Corporation (NYSE:UTX) was bought by Reynolds Fredric G. Bailey Robert J. sold 419 shares worth $56,034. 9,700 shares were sold by Gill Charles D, worth $1.25M on Tuesday, May 22.

More important recent United Technologies Corporation (NYSE:UTX) news were published by: Seekingalpha.com which released: “United Technologies’ Accelerating Growth” on June 08, 2018, also Nasdaq.com published article titled: “With GE Gone, It’s Time to Stop Covering the Dow Jones Index”, Seekingalpha.com published: “Don’t Give Up On Industrials – Cramer’s Mad Money (6/21/18)” on June 22, 2018. More interesting news about United Technologies Corporation (NYSE:UTX) was released by: Seekingalpha.com and their article: “Dan Loeb Is Right: Splitting United Technologies Apart Will Unlock Value” with publication date: June 16, 2018.

More important recent Walmart Inc. (NYSE:WMT) news were published by: Seekingalpha.com which released: “Walmart: Bye Bye Brazil” on June 05, 2018, also Seekingalpha.com published article titled: “Walmart Could Become Casualty Of Trade War”, Fool.com published: “Kroger Takes a Step Towards an Online-Focused Future” on June 22, 2018. More interesting news about Walmart Inc. (NYSE:WMT) was released by: 247Wallst.com and their article: “General Electric Exits the Dow as Year’s Worst Performing Stock” with publication date: June 23, 2018.

Investors sentiment decreased to 0.88 in 2018 Q1. Its down 0.11, from 0.99 in 2017Q4. It fall, as 100 investors sold WMT shares while 555 reduced holdings. 128 funds opened positions while 451 raised stakes. 856.22 million shares or 1.10% less from 865.70 million shares in 2017Q4 were reported. Linscomb And Williams holds 0.07% of its portfolio in Walmart Inc. (NYSE:WMT) for 8,749 shares. Tocqueville Asset Mngmt Limited Partnership reported 332,240 shares or 0.38% of all its holdings. Forward Ltd Limited Liability Company owns 11,198 shares or 0.15% of their US portfolio. Tiaa Cref Inv Ltd Liability Corp holds 7.74M shares or 0.47% of its portfolio. Rfg Advisory Group Incorporated Ltd Limited Liability Company reported 8,824 shares. Acadian Asset Llc has invested 0.15% in Walmart Inc. (NYSE:WMT). Woodley Farra Manion, Indiana-based fund reported 8,684 shares. Sei Invs, a Pennsylvania-based fund reported 580,196 shares. Shine Investment Advisory invested in 109 shares or 0.01% of the stock. Logan reported 11,349 shares. The Maine-based Schroder Inv Management has invested 0.25% in Walmart Inc. (NYSE:WMT). Asset Advisors has invested 0.78% of its portfolio in Walmart Inc. (NYSE:WMT). Chemung Canal Trust holds 0.99% or 46,526 shares in its portfolio. Transamerica Financial Advisors holds 1.53% of its portfolio in Walmart Inc. (NYSE:WMT) for 116,213 shares. Old Second Financial Bank Of Aurora reported 0.11% of its portfolio in Walmart Inc. (NYSE:WMT).

Among 38 analysts covering Wal-Mart Stores Inc (NYSE:WMT), 17 have Buy rating, 0 Sell and 21 Hold. Therefore 45% are positive. Wal-Mart Stores Inc had 159 analyst reports since August 14, 2015 according to SRatingsIntel. RBC Capital Markets maintained the shares of WMT in report on Friday, November 17 with “Underperform” rating. Telsey Advisory Group maintained the stock with “Market Perform” rating in Friday, November 18 report. Bernstein maintained the stock with “Neutral” rating in Monday, May 15 report. The firm has “Neutral” rating by M Partners given on Friday, February 19. The rating was maintained by Wells Fargo on Monday, June 26 with “Hold”. Bank of America downgraded Walmart Inc. (NYSE:WMT) on Thursday, October 15 to “Neutral” rating. The rating was maintained by Wells Fargo on Sunday, June 4 with “Hold”. Oppenheimer initiated the stock with “Buy” rating in Tuesday, October 10 report. BMO Capital Markets upgraded Walmart Inc. (NYSE:WMT) on Friday, May 19 to “Market Perform” rating. The firm has “Equal Weight” rating by Stephens given on Thursday, October 15.

Summit Financial Wealth Advisors Llc, which manages about $360.13 million and $304.24M US Long portfolio, decreased its stake in Abbvie Inc (NYSE:ABBV) by 9,214 shares to 73,726 shares, valued at $6.98 million in 2018Q1, according to the filing. It also reduced its holding in Intel Corp (NASDAQ:INTC) by 39,228 shares in the quarter, leaving it with 116,733 shares, and cut its stake in Wells Fargo Co New (NYSE:WFC).

Since June 5, 2018, it had 0 buys, and 17 selling transactions for $1.36 billion activity. $92.97M worth of Walmart Inc. (NYSE:WMT) was sold by WALTON ALICE L. $109.92M worth of Walmart Inc. (NYSE:WMT) was sold by WALTON JIM C on Wednesday, June 13. Another trade for 5,442 shares valued at $464,176 was made by Chojnowski David on Thursday, June 7. $1.57M worth of Walmart Inc. (NYSE:WMT) was sold by Furner John R.. 8,005 shares valued at $676,503 were sold by Canney Jacqueline P on Wednesday, June 6.

United Technologies Corporation (NYSE:UTX) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.





Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: