Baldwin Brothers Trimmed Its Position in Magellan Midstream (MMP) by $577,301; As Skyworks Solutions (SWKS) Share Price Rose, Shareholder Narwhal Capital Management Increased Its Stake

January 14, 2018 - By Adrian Mccoy

Narwhal Capital Management increased its stake in Skyworks Solutions Inc (SWKS) by 38.44% based on its latest 2017Q3 regulatory filing with the SEC. Narwhal Capital Management bought 7,940 shares as the company’s stock rose 7.80% with the market. The hedge fund held 28,595 shares of the technology company at the end of 2017Q3, valued at $2.91 million, up from 20,655 at the end of the previous reported quarter. Narwhal Capital Management who had been investing in Skyworks Solutions Inc for a number of months, seems to be bullish on the $18.60B market cap company. The stock increased 1.29% or $1.29 during the last trading session, reaching $101.21. About 1.75M shares traded. Skyworks Solutions, Inc. (NASDAQ:SWKS) has risen 65.40% since January 14, 2017 and is uptrending. It has outperformed by 48.70% the S&P500.

Baldwin Brothers Inc decreased its stake in Magellan Midstream (MMP) by 5.7% based on its latest 2017Q3 regulatory filing with the SEC. Baldwin Brothers Inc sold 8,131 shares as the company’s stock declined 7.68% while stock markets rallied. The institutional investor held 134,610 shares of the natural gas distribution company at the end of 2017Q3, valued at $9.57M, down from 142,741 at the end of the previous reported quarter. Baldwin Brothers Inc who had been investing in Magellan Midstream for a number of months, seems to be less bullish one the $17.02 billion market cap company. The stock increased 1.18% or $0.87 during the last trading session, reaching $74.62. About 1.11 million shares traded or 25.69% up from the average. Magellan Midstream Partners, L.P. (NYSE:MMP) has risen 3.55% since January 14, 2017 and is uptrending. It has underperformed by 13.15% the S&P500.

Narwhal Capital Management, which manages about $490.63M and $403.49 million US Long portfolio, decreased its stake in General Electric Co (NYSE:GE) by 35,732 shares to 230,510 shares, valued at $5.57 million in 2017Q3, according to the filing. It also reduced its holding in Select Sector Spdr Tr (XLE) by 10,000 shares in the quarter, leaving it with 6,495 shares, and cut its stake in Unilever Plc (NYSE:UL).

Since August 29, 2017, it had 0 insider buys, and 5 selling transactions for $4.21 million activity. KING CHRISTINE sold $395,768 worth of stock. $704,929 worth of Skyworks Solutions, Inc. (NASDAQ:SWKS) was sold by GAMMEL PETER L on Wednesday, December 13.

Investors sentiment increased to 1.09 in 2017 Q3. Its up 0.12, from 0.97 in 2017Q2. It improved, as 34 investors sold SWKS shares while 220 reduced holdings. 63 funds opened positions while 214 raised stakes. 146.42 million shares or 0.03% less from 146.46 million shares in 2017Q2 were reported. 76,765 were accumulated by Quantum Capital Management. Jfs Wealth Advsr Limited Liability Com holds 0% of its portfolio in Skyworks Solutions, Inc. (NASDAQ:SWKS) for 35 shares. Delaware-based Dupont Capital Management has invested 0.11% in Skyworks Solutions, Inc. (NASDAQ:SWKS). Tarbox Family Office accumulated 46 shares. Mason Street, a Wisconsin-based fund reported 25,506 shares. Grisanti Mgmt Limited Company has 2.54% invested in Skyworks Solutions, Inc. (NASDAQ:SWKS) for 60,665 shares. Bryn Mawr Tru stated it has 68,665 shares. Horan Advsr owns 160 shares or 0.01% of their US portfolio. Greenleaf, Michigan-based fund reported 224 shares. Magnetar Ltd Liability accumulated 10,669 shares. Profund Advsr Ltd has invested 0.2% in Skyworks Solutions, Inc. (NASDAQ:SWKS). Counsel has 45,329 shares. Exxonmobil Inv Management Inc Tx stated it has 0.09% of its portfolio in Skyworks Solutions, Inc. (NASDAQ:SWKS). Nomura holds 0% or 12,219 shares in its portfolio. Wells Fargo Co Mn holds 0.03% or 953,235 shares in its portfolio.

Among 36 analysts covering Skyworks Solutions Inc. (NASDAQ:SWKS), 30 have Buy rating, 1 Sell and 5 Hold. Therefore 83% are positive. Skyworks Solutions Inc. had 97 analyst reports since July 27, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Wednesday, September 13 by Craig Hallum. The company was maintained on Friday, July 21 by KeyBanc Capital Markets. On Thursday, January 12 the stock rating was downgraded by Goldman Sachs to “Neutral”. As per Tuesday, April 19, the company rating was downgraded by Raymond James. The firm earned “Buy” rating on Friday, July 21 by M Partners. The stock of Skyworks Solutions, Inc. (NASDAQ:SWKS) earned “Buy” rating by Northland Capital on Thursday, August 3. On Wednesday, December 13 the stock rating was maintained by Cowen & Co with “Hold”. The stock of Skyworks Solutions, Inc. (NASDAQ:SWKS) has “Buy” rating given on Thursday, June 9 by Citigroup. The stock has “Buy” rating by Drexel Hamilton on Tuesday, October 20. The stock has “Buy” rating by Craig Hallum on Thursday, January 14.

Among 22 analysts covering Magellan Midstream Partners L.P. (NYSE:MMP), 11 have Buy rating, 3 Sell and 8 Hold. Therefore 50% are positive. Magellan Midstream Partners L.P. had 54 analyst reports since August 7, 2015 according to SRatingsIntel. The company was downgraded on Thursday, March 17 by Credit Suisse. The rating was maintained by Raymond James on Saturday, August 8 with “Buy”. UBS upgraded the shares of MMP in report on Wednesday, January 6 to “Buy” rating. UBS downgraded Magellan Midstream Partners, L.P. (NYSE:MMP) rating on Friday, February 3. UBS has “Neutral” rating and $81 target. The firm has “Neutral” rating given on Friday, September 30 by Mizuho. The stock of Magellan Midstream Partners, L.P. (NYSE:MMP) earned “Equal-Weight” rating by Morgan Stanley on Thursday, February 25. The stock of Magellan Midstream Partners, L.P. (NYSE:MMP) earned “Hold” rating by RBC Capital Markets on Sunday, July 23. The rating was maintained by Stifel Nicolaus on Wednesday, August 2 with “Hold”. The firm has “Hold” rating given on Monday, July 17 by Stifel Nicolaus. The stock of Magellan Midstream Partners, L.P. (NYSE:MMP) earned “Buy” rating by U.S. Capital Advisors on Thursday, January 4.

Investors sentiment is 0.9 in 2017 Q3. Its the same as in 2017Q2. It is the same, as 42 investors sold MMP shares while 161 reduced holdings. only 40 funds opened positions while 142 raised stakes. 134.51 million shares or 2.12% more from 131.72 million shares in 2017Q2 were reported. Bank & Trust Of America De reported 0.04% of its portfolio in Magellan Midstream Partners, L.P. (NYSE:MMP). Atwood & Palmer Incorporated reported 0.02% in Magellan Midstream Partners, L.P. (NYSE:MMP). Royal Bancorporation Of Canada holds 0.03% of its portfolio in Magellan Midstream Partners, L.P. (NYSE:MMP) for 805,804 shares. Cullen Frost Bankers owns 18,416 shares. Telemus Ltd Co invested 0.12% of its portfolio in Magellan Midstream Partners, L.P. (NYSE:MMP). Coastline holds 0.36% in Magellan Midstream Partners, L.P. (NYSE:MMP) or 28,820 shares. Signalpoint Asset Mngmt Ltd holds 0.32% in Magellan Midstream Partners, L.P. (NYSE:MMP) or 8,794 shares. 7,175 are held by Signaturefd Limited Liability. Massachusetts-based St Germain D J Communications Inc has invested 0.05% in Magellan Midstream Partners, L.P. (NYSE:MMP). Whitnell Com owns 15,900 shares for 0.49% of their portfolio. Hartline Inv Corporation holds 3,470 shares. Ancora Lc owns 0.18% invested in Magellan Midstream Partners, L.P. (NYSE:MMP) for 44,887 shares. Greystone Inv Mgmt Ltd Liability Co accumulated 8,600 shares. Blackhill Capital Incorporated holds 70,800 shares or 0.94% of its portfolio. Waddell Reed reported 0.04% stake.

Since September 14, 2017, it had 0 buys, and 1 insider sale for $353,200 activity.

Baldwin Brothers Inc, which manages about $939.93M and $621.98 million US Long portfolio, upped its stake in Starbucks Corp (NASDAQ:SBUX) by 106,120 shares to 119,398 shares, valued at $6.41M in 2017Q3, according to the filing. It also increased its holding in Union Pac Corp (NYSE:UNP) by 5,205 shares in the quarter, for a total of 70,214 shares, and has risen its stake in State Street Corp (NYSE:STT).

Analysts await Magellan Midstream Partners, L.P. (NYSE:MMP) to report earnings on February, 1. They expect $1.09 earnings per share, up 4.81% or $0.05 from last year’s $1.04 per share. MMP’s profit will be $248.54M for 17.11 P/E if the $1.09 EPS becomes a reality. After $0.87 actual earnings per share reported by Magellan Midstream Partners, L.P. for the previous quarter, Wall Street now forecasts 25.29% EPS growth.

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