Economy

$625.29 Million in Sales Expected for Magellan Midstream Partners (MMP) This Quarter

Arrow Investment Ltd Co stated it has 73,925 shares. Lucas Capital stated it has 47,739 shares or 2.94% of all its holdings. 162 funds opened positions while 508 raised stakes. Stratos Wealth Prns reported 15,294 shs stake.

Botty Investors Llc decreased its stake in Magellan Midstream P Lp (MMP) by 45.98% based on its latest 2017Q4 regulatory filing with the SEC. Chickasaw Capital Management LLC now owns 3,371,119 shares of the company's stock valued at $256,205,000 after buying an additional 469,807 shares in the last quarter. $14.20 billion is the market cap of Magellan Midstream Prtnrs Lp.

Shares of MMP opened at $62.36 on Monday. MMP reached $62.23 on during the last trading session after $0.13 change.Currently Magellan Midstream Partners, L.P.is downtrending after 24.45% change in last April 14, 2017. MMP underperformed by 36.00% the S&P 500. Pennsylvania Trust invested in 0.1% or 32,955 shares. Its down 0.14, from 0.9 in 2017Q3. 35 investors sold all, 186 reduced holdings as MMP ratio turned negative.

Northwest Wealth Management LLC acquired a new stake in shares of Magellan Midstream Partners L.P. (NYSE:MMP) during the fourth quarter, Holdings Channel reports. The company reported $1.04 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.96 by $0.08. Segall Bryant Hamill Limited Liability Company, a Illinois-based fund reported 31,331 shares. Iat Reinsurance Co has invested 0.28% in The Walt Disney Company (NYSE:DIS). Guggenheim Capital Ltd Co has invested 0.02% in Magellan Midstream Partners, L.P. (NYSE:MMP). Archford Capital Strategies Limited Company reported 0.16% of its portfolio in Magellan Midstream Partners, L.P. (NYSE:MMP). Groesbeck Inv Management Nj owns 7,040 shares. Finally, Captrust Financial Advisors purchased a new position in shares of Magellan Midstream Partners in the 4th quarter valued at approximately $179,000. 161,410 are held by Northern. Texan Mngmt reported 22,393 shs or 1.03% of all its holdings. Moreover, Bridges Investment Inc has 0.07% invested in Magellan Midstream Partners, L.P. (NYSE:MMP) for 12,078 shares. Suntrust Banks holds 12,421 shares or 0% of its portfolio.

Magellan Midstream Partners (NYSE:MMP) last posted its quarterly earnings data on Thursday, February 1st. Pictet Asset Management Ltd accumulated 156,382 shares. Payden And Rygel has 2.42% invested in Magellan Midstream Partners, L.P. (NYSE:MMP).

Among 39 analysts covering The Walt Disney Company (NYSE:DIS), 24 have Buy rating, 3 Sell and 12 Hold. Therefore 61% are positive. Magellan Midstream had 15 analyst reports since November 5, 2017 according to SRatingsIntel. Bank of America cut their target price on Magellan Midstream Partners from $78.00 to $77.00 and set a buy rating for the company in a research note on Friday, February 2nd. Finally, Mitsubishi UFJ Financial Group reiterated a "neutral" rating on shares of Magellan Midstream Partners in a report on Friday, February 2nd. Ladenburg Thalmann initiated Magellan Midstream Partners, L.P. (NYSE:MMP) on Monday, December 19 with "Buy" rating. The firm has "Hold" rating given on Tuesday, January 16 by RBC Capital Markets. Wells Fargo & Company downgraded Magellan Midstream Partners L.P. from an "outperform" rating to a "market perform" rating in a research note on Wednesday, January 11th. The rating was maintained by Morgan Stanley with "Underweight" on Friday, March 16. On Tuesday, March 13 the company was maintained by JP Morgan. As per Monday, February 6, the company rating was maintained by Mizuho. The stock has a market capitalization of $14,230.25, a PE ratio of 16.33, a P/E/G ratio of 2.50 and a beta of 0.72.

"ILLEGAL ACTIVITY WARNING: "$625.29 Million in Sales Expected for Magellan Midstream Partners (MMP) This Quarter" was originally posted by Week Herald and is owned by of Week Herald.

Bridgecreek Investment Management Llc decreased Simon Property Group Inc (NYSE:SPG) stake by 4,010 shares to 26,635 valued at $4.57M in 2017Q4. Paycom Software Inc (NYSE:PAYC) was reduced too. The stock decreased 0.04% or $0.04 during the last trading session, reaching $100.35. About 1.20M shares traded. Kellogg Company (NYSE:K) has declined 11.27% since April 14, 2017 and is downtrending. DEA's SI was 2.98 million shares in April as released by FINRA. The fund operates about $5.35 billion and $1.31B US Long portfolio. Mariner Invest Limited has 193,740 shares. The Connecticut-based Gillespie Robinson & Grimm Inc has invested 3.55% in the stock. 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. The shares were sold at an average price of $68.03, for a total value of $1,513,735.53.

Analysts await MercadoLibre, Inc. They expect $1.57 earnings per share, up 29.75% or $0.36 from last year's $1.21 per share. MMP's profit will be $230.48 million for 15.40 P/E if the $1.01 EPS becomes a reality. The institutional investor held 48,199 shares of the television services company at the end of 2017Q4, valued at $5.24M, down from 54,406 at the end of the previous reported quarter.

Ratings analysis reveals 29% of State Street's analysts are positive. On Thursday, April 5 the rating was upgraded by Jefferies to "Buy". The lowest target is $73.0 while the high is $92.0. Magellan Midstream Partners has an average rating of "Hold" and a consensus price target of $76.00. STT was included in 8 notes of analysts from September 6, 2016. The stock was sold at an average price of $78.74, for a total value of $3,937,000.00. The company was upgraded on Wednesday, January 4 by Goldman Sachs. Citigroup maintained it with "Buy" rating and $79 target in Friday, August 7 report. J.P. Morgan has "Hold" rating and $27000 target. The stock of Kellogg Company (NYSE:K) earned "Hold" rating by BMO Capital Markets on Wednesday, September 6.

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