Wesbanco Bank INC Increased Stake in Medtronic Plc (MDT) by $3.10 Million; Shares Declined

April 16, 2018 - By Leslie Harms

Medtronic plc (NYSE:MDT) Corporate LogoBig Money Sentiment decreased to 1.02 in 2017 Q4. It has change of 0.10, from 2017Q3’s 1.12. The ratio dropped due to MDT positioning: 65 sold and 427 reduced. 111 funds acquired stakes and 393 increased stakes. Investors holded 1.07 billion in 2017Q3 but now own 1.04 billion shares or 2.98% less. Georgia-based Signaturefd Limited Liability Com has invested 0.06% in Medtronic plc (NYSE:MDT). Mcdaniel Terry & Co, a Texas-based fund reported 6,257 shs. Headinvest Ltd Liability has 49,107 shs for 1.22% of their capital. Pinnacle Assoc Ltd, New York-based fund reported 66,967 shs. Stevens Cap Management Limited Partnership reported 25,872 shs. 43,160 are held by Daiwa Securities Gp Inc. New Mexico Educational Retirement Board stated it has 130,187 shs. Levin Cap Strategies LP owns 25,700 shs. Drexel Morgan And holds 15,807 shs. Arrowstreet Capital Lp reported 0.52% of its capital in Medtronic plc (NYSE:MDT). Cadence Comml Bank Na invested in 0.11% or 3,653 shs. Appleton Prtnrs Ma has 73,094 shs. Perritt Cap Mgmt, a Illinois-based fund reported 4,300 shs. Putnam Lc has 0% invested in Medtronic plc (NYSE:MDT) for 17,903 shs. The Florida-based Raymond James Financial Ser Advsr Inc has invested 0.09% in Medtronic plc (NYSE:MDT).

Based on the latest 2017Q4 regulatory filing with the SEC, Wesbanco Bank Inc increased its holdings in Medtronic Plc (MDT) by 385.79%. The company’s stock sank 4.15% while Wesbanco Bank Inc bought 38,741 shares. The institutional investor is holding 48,783 shares, compared to the 10,042 from the previous quarter. And the reported value of the electromedical & electrotherapeutic apparatus company is $3.94 million for the 2017Q4. $109.54 billion is Medtronic Plc’s MC. MDT reached $80.8176 on during the last trading session after $1.2476 change.Currently Medtronic plc is downtrending after 3.54% change in last April 16, 2017. MDT has 1.45M shares volume. The stock underperformed the S&P500 by 15.09%.

About $900.26 million and $1.48 billion US Long portfolio Wesbanco Bank Inc manages. It decreased its stake in Home Depot (NYSE:HD) by 44,868 shares to 98,072 shares, valued at $18.59 million in 2017Q4, according to the filing. Wesbanco Bank Inc has cut its stake in Morgan Stanley (NYSE:MS) and also reduced its holding in Chevron Corporation (NYSE:CVX) by 24,217 shares in the quarter, for a total of 220,863 shares.

Medtronic plc (NYSE:MDT) Ratings Coverage

Total analysts of 10 have positions in Medtronic (NYSE:MDT) as follows: 8 rated it a “Buy”, 0 with “Sell” and 2 with “Hold”. The positive are 80%. Since November 10, 2017 according to StockzIntelligence Inc Medtronic has 13 analyst reports. On Tuesday, December 12 the firm has “Buy” rating given by Argus Research. On Friday, November 10 the firm has “Buy” rating given by BMO Capital Markets. In Thursday, March 29 report Morgan Stanley maintained it with “Equal-Weight” rating and $90 target. On Monday, February 5 the firm has “Equal-Weight” rating given by Morgan Stanley. On Tuesday, January 2 the stock of Medtronic plc (NYSE:MDT) has “Buy” rating given by Bank of America. On Tuesday, December 12 the stock has “Buy” rating by BMO Capital Markets. On Wednesday, November 22 the firm earned “Hold” rating by Stifel Nicolaus. On Thursday, February 22 Citigroup maintained Medtronic plc (NYSE:MDT) with “Buy” rating. On Wednesday, February 21 Needham maintained Medtronic plc (NYSE:MDT) rating. Needham has “Buy” rating and $95.0 target. On Tuesday, November 21 the stock has “Buy” rating by Needham.

Medtronic plc (NYSE:MDT) Analyst Ratings Chart

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