Valley National Advisers Has Trimmed Stake in Magellan Midstream Prtnr (MMP) as Share Price Declined; Holder Stillwater Capital Advisors Has Lifted Merck & Co (MRK) Position

April 17, 2018 - By Michael Leger

Merck & Co., Inc. (NYSE:MRK) Logo

Valley National Advisers Inc decreased its stake in Magellan Midstream Prtnr (MMP) by 47.62% based on its latest 2017Q4 regulatory filing with the SEC. Valley National Advisers Inc sold 6,045 shares as the company’s stock declined 17.74% with the market. The institutional investor held 6,650 shares of the natural gas distribution company at the end of 2017Q4, valued at $472,000, down from 12,695 at the end of the previous reported quarter. Valley National Advisers Inc who had been investing in Magellan Midstream Prtnr for a number of months, seems to be less bullish one the $15.11B market cap company. The stock increased 2.59% or $1.67 during the last trading session, reaching $66.22. About 810,297 shares traded. Magellan Midstream Partners, L.P. (NYSE:MMP) has declined 24.45% since April 17, 2017 and is downtrending. It has underperformed by 36.00% the S&P500.

Stillwater Capital Advisors Llc increased its stake in Merck & Co Inc (MRK) by 18.89% based on its latest 2017Q4 regulatory filing with the SEC. Stillwater Capital Advisors Llc bought 37,624 shares as the company’s stock declined 4.63% with the market. The institutional investor held 236,803 shares of the health care company at the end of 2017Q4, valued at $13.33 million, up from 199,179 at the end of the previous reported quarter. Stillwater Capital Advisors Llc who had been investing in Merck & Co Inc for a number of months, seems to be bullish on the $160.00 billion market cap company. The stock increased 1.31% or $0.77 during the last trading session, reaching $59.42. About 8.29M shares traded. Merck & Co., Inc. (NYSE:MRK) has declined 14.94% since April 17, 2017 and is downtrending. It has underperformed by 26.49% the S&P500.

Since February 12, 2018, it had 0 insider purchases, and 1 insider sale for $1.51 million activity.

Investors sentiment decreased to 0.76 in Q4 2017. Its down 0.14, from 0.9 in 2017Q3. It dropped, as 35 investors sold MMP shares while 186 reduced holdings. 49 funds opened positions while 118 raised stakes. 134.60 million shares or 0.07% more from 134.51 million shares in 2017Q3 were reported. Steinberg Glob Asset Mgmt stated it has 0.1% in Magellan Midstream Partners, L.P. (NYSE:MMP). Moreover, First Manhattan has 0.02% invested in Magellan Midstream Partners, L.P. (NYSE:MMP). Finemark Natl National Bank has invested 0.04% in Magellan Midstream Partners, L.P. (NYSE:MMP). Welch Grp Incorporated Lc invested 0.02% of its portfolio in Magellan Midstream Partners, L.P. (NYSE:MMP). Williams Jones Assoc Limited Com reported 326,366 shares. Community State Bank Na holds 0% or 100 shares in its portfolio. Brookfield Asset Management holds 0.46% or 1.57 million shares in its portfolio. Heritage Wealth holds 0.77% or 25,197 shares in its portfolio. Summit Asset Management Ltd Liability Co holds 0.1% or 3,050 shares. Dorsey And Whitney Tru Limited Liability Co has invested 0.16% of its portfolio in Magellan Midstream Partners, L.P. (NYSE:MMP). West Family Investments stated it has 0.45% of its portfolio in Magellan Midstream Partners, L.P. (NYSE:MMP). Bartlett And Limited reported 8,667 shares stake. Provise Mngmt Limited Com, a Florida-based fund reported 33,862 shares. Welch And Forbes Limited Liability Com holds 0.01% of its portfolio in Magellan Midstream Partners, L.P. (NYSE:MMP) for 2,850 shares. Guggenheim Cap Ltd, Illinois-based fund reported 100,066 shares.

Analysts await Magellan Midstream Partners, L.P. (NYSE:MMP) to report earnings on May, 3 before the open. They expect $1.01 EPS, up 3.06% or $0.03 from last year’s $0.98 per share. MMP’s profit will be $230.48M for 16.39 P/E if the $1.01 EPS becomes a reality. After $1.04 actual EPS reported by Magellan Midstream Partners, L.P. for the previous quarter, Wall Street now forecasts -2.88% negative EPS growth.

Valley National Advisers Inc, which manages about $555.94M and $287.56M US Long portfolio, upped its stake in Schwab Strategic Tr (SCHA) by 6,381 shares to 37,692 shares, valued at $2.63 million in 2017Q4, according to the filing. It also increased its holding in Claymore Exchange Trd Fd (BSCL) by 28,362 shares in the quarter, for a total of 704,775 shares, and has risen its stake in Williams Sonoma Inc (NYSE:WSM).

Among 23 analysts covering Magellan Midstream Partners L.P. (NYSE:MMP), 14 have Buy rating, 3 Sell and 6 Hold. Therefore 61% are positive. Magellan Midstream Partners L.P. had 66 analyst reports since August 7, 2015 according to SRatingsIntel. As per Monday, August 10, the company rating was upgraded by Credit Suisse. RBC Capital Markets maintained the stock with “Hold” rating in Sunday, November 5 report. RBC Capital Markets maintained it with “Outperform” rating and $82 target in Wednesday, November 4 report. The rating was initiated by Ladenburg Thalmann on Wednesday, July 13 with “Buy”. Macquarie Research initiated the shares of MMP in report on Friday, April 21 with “Neutral” rating. Jefferies upgraded Magellan Midstream Partners, L.P. (NYSE:MMP) on Thursday, April 5 to “Buy” rating. On Thursday, February 25 the stock rating was initiated by Morgan Stanley with “Equal-Weight”. The rating was maintained by RBC Capital Markets with “Outperform” on Friday, April 29. Credit Suisse upgraded it to “Neutral” rating and $89 target in Friday, August 7 report. The stock has “Hold” rating by RBC Capital Markets on Tuesday, January 16.

Stillwater Capital Advisors Llc, which manages about $603.89M and $425.20 million US Long portfolio, decreased its stake in Ashland Global Holdings Inc by 6,921 shares to 8,297 shares, valued at $591,000 in 2017Q4, according to the filing. It also reduced its holding in Ishares Us Healthcare Etf (IYH) by 1,929 shares in the quarter, leaving it with 23,455 shares, and cut its stake in Vanguard Large Cap Etf (VV).

Among 24 analysts covering Merck & Co. Inc. (NYSE:MRK), 19 have Buy rating, 0 Sell and 5 Hold. Therefore 79% are positive. Merck & Co. Inc. had 84 analyst reports since August 13, 2015 according to SRatingsIntel. On Friday, July 28 the stock rating was maintained by SunTrust with “Buy”. Citigroup upgraded the shares of MRK in report on Wednesday, October 18 to “Buy” rating. The rating was initiated by Bryan Garnier & Cie with “Buy” on Friday, January 13. The stock of Merck & Co., Inc. (NYSE:MRK) earned “Buy” rating by DZ Bank on Tuesday, February 13. The stock of Merck & Co., Inc. (NYSE:MRK) has “Hold” rating given on Tuesday, March 15 by Jefferies. The stock of Merck & Co., Inc. (NYSE:MRK) has “Hold” rating given on Wednesday, September 30 by Societe Generale. The company was upgraded on Thursday, October 13 by Bank of America. The stock of Merck & Co., Inc. (NYSE:MRK) has “Overweight” rating given on Monday, September 21 by JP Morgan. Jefferies upgraded the stock to “Hold” rating in Tuesday, October 31 report. The firm earned “Buy” rating on Thursday, October 26 by Piper Jaffray.

Magellan Midstream Partners, L.P. (NYSE:MMP) Institutional Positions Chart

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