Medtronic Plc (MDT) Shareholder Mitsubishi Ufj Trust & Banking Corp Cut Its Holding as Stock Value Rose

December 7, 2017 - By Clifton Ray

Investors sentiment decreased to 0.9 in Q2 2017. Its down 0.06, from 0.96 in 2017Q1. It dived, as 72 investors sold MDT shares while 449 reduced holdings. 99 funds opened positions while 370 raised stakes. 1.06 billion shares or 2.23% less from 1.08 billion shares in 2017Q1 were reported. Jacobs And Com Ca holds 42,666 shares or 0.75% of its portfolio. Gateway Invest Advisers Lc stated it has 1.01 million shares. Lawson Kroeker Invest Ne reported 10,253 shares or 0.3% of all its holdings. 112,300 were accumulated by Capital Intl Ca. Koch Indus invested 0.38% of its portfolio in Medtronic plc (NYSE:MDT). Boston Private Wealth Ltd Liability Com reported 361,404 shares. Balyasny Asset Management Llc reported 0.21% of its portfolio in Medtronic plc (NYSE:MDT). Westpac Banking reported 0% of its portfolio in Medtronic plc (NYSE:MDT). Pennsylvania-based Copeland Cap Mngmt Lc has invested 0.56% in Medtronic plc (NYSE:MDT). Stevens Capital Mngmt Lp has invested 0.04% of its portfolio in Medtronic plc (NYSE:MDT). Sequoia Advisors Limited Liability Co invested in 4,495 shares. Alley Limited reported 1.76% of its portfolio in Medtronic plc (NYSE:MDT). Mengis Cap Mngmt Inc stated it has 3,546 shares. Moreover, Zurcher Kantonalbank (Zurich Cantonalbank) has 0.3% invested in Medtronic plc (NYSE:MDT) for 348,394 shares. Needham Inv Management Limited Liability invested 1.37% in Medtronic plc (NYSE:MDT).

Mitsubishi Ufj Trust & Banking Corp decreased its stake in Medtronic Plc (MDT) by 1.75% based on its latest 2017Q2 regulatory filing with the SEC. Mitsubishi Ufj Trust & Banking Corp sold 50,021 shares as the company’s stock rose 5.51% with the market. The institutional investor held 2.81 million shares of the electromedical & electrotherapeutic apparatus company at the end of 2017Q2, valued at $249.25M, down from 2.86M at the end of the previous reported quarter. Mitsubishi Ufj Trust & Banking Corp who had been investing in Medtronic Plc for a number of months, seems to be less bullish one the $109.05 billion market cap company. The stock decreased 1.14% or $0.93 during the last trading session, reaching $80.57. About 5.45 million shares traded. Medtronic plc (NYSE:MDT) has risen 4.04% since December 7, 2016 and is uptrending. It has underperformed by 12.66% the S&P500.

Mitsubishi Ufj Trust & Banking Corp, which manages about $51.75B US Long portfolio, upped its stake in Aramark (NYSE:ARMK) by 80,666 shares to 571,159 shares, valued at $23.41 million in 2017Q2, according to the filing. It also increased its holding in Republic Services (NYSE:RSG) by 80,055 shares in the quarter, for a total of 802,112 shares, and has risen its stake in Steel Dynamics Inc. (NASDAQ:STLD).

Medtronic plc (NYSE:MDT) Ratings Coverage

Among 27 analysts covering Medtronic (NYSE:MDT), 17 have Buy rating, 0 Sell and 10 Hold. Therefore 63% are positive. Medtronic had 74 analyst reports since August 10, 2015 according to SRatingsIntel. The stock of Medtronic plc (NYSE:MDT) has “Hold” rating given on Wednesday, November 22 by Stifel Nicolaus. The stock of Medtronic plc (NYSE:MDT) earned “Buy” rating by Jefferies on Tuesday, September 26. The stock has “Outperform” rating by BMO Capital Markets on Wednesday, November 23. The firm has “Hold” rating by Northland Capital given on Wednesday, August 23. As per Tuesday, September 5, the company rating was maintained by Needham. The company was maintained on Thursday, July 6 by William Blair. The firm has “Buy” rating by BMO Capital Markets given on Friday, September 29. The stock of Medtronic plc (NYSE:MDT) earned “Buy” rating by UBS on Friday, February 17. As per Wednesday, September 27, the company rating was maintained by Cowen & Co. The firm has “Buy” rating by Needham given on Wednesday, August 23.

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