Bank Of Stockton Upped Its Wal Mart Stores (WMT) Position; Mdu Resources (MDU) Shares Rose While Meeder Asset Management Has Upped Position by $1.45 Million

June 21, 2018 - By Linda Rogers

Walmart Inc. (NYSE:WMT) Logo

Meeder Asset Management Inc increased its stake in Mdu Resources (MDU) by 677.04% based on its latest 2018Q1 regulatory filing with the SEC. Meeder Asset Management Inc bought 51,861 shares as the company’s stock rose 1.72% while stock markets declined. The institutional investor held 59,521 shares of the basic industries company at the end of 2018Q1, valued at $1.67 million, up from 7,660 at the end of the previous reported quarter. Meeder Asset Management Inc who had been investing in Mdu Resources for a number of months, seems to be bullish on the $5.61 billion market cap company. The stock decreased 0.10% or $0.03 during the last trading session, reaching $28.7. About 710,754 shares traded or 8.63% up from the average. MDU Resources Group, Inc. (NYSE:MDU) has risen 1.46% since June 21, 2017 and is uptrending. It has underperformed by 11.11% the S&P500. Some Historical MDU News: 23/04/2018 – MDU RESOURCES GROUP BUYS OPS OF TEEVIN & FISCHER QUARRY,; 23/04/2018 – MDU RESOURCES GROUP INC – ANTICIPATES ACQUISITION WILL BE ACCRETIVE TO 2018 EARNINGS PER SHARE; 23/04/2018 – MDU RESOURCES – TEEVIN & FISCHER WILL BECOME PART OF KNIFE RIVER CORP, A UNIT OF CO; 03/04/2018 – MDU Resources Announces Webcast of Analyst Conference Call; 30/05/2018 – MDU Resources Closes Above 50-Day Moving Average: Technicals; 08/05/2018 – MDU Resources Announces Director Holaday’s Retirement; 02/05/2018 – MDU RESOURCES SEES FY ADJ EPS $1.25 TO $1.45; 23/04/2018 – MDU RESOURCES SEES DEAL ADDING TO 2018 EPS; 23/04/2018 – MDU RESOURCES GROUP BUYS OPS OF TEEVIN & FISCHER QUARRY, LLC; 20/04/2018 – DJ MDU Resources Group Inc, Inst Holders, 1Q 2018 (MDU)

Bank Of Stockton increased its stake in Wal Mart Stores Inc (WMT) by 62.44% based on its latest 2018Q1 regulatory filing with the SEC. Bank Of Stockton bought 3,425 shares as the company’s stock declined 11.45% with the market. The institutional investor held 8,910 shares of the consumer services company at the end of 2018Q1, valued at $792,000, up from 5,485 at the end of the previous reported quarter. Bank Of Stockton who had been investing in Wal Mart Stores Inc for a number of months, seems to be bullish on the $246.72 billion market cap company. It closed at $83.61 lastly. It is down 5.30% since June 21, 2017 and is uptrending. It has underperformed by 7.27% the S&P500. Some Historical WMT News: 30/04/2018 – Walmart Won’t Hold More Than 29.9% of Total Voting Rights in Combined Business; 06/04/2018 – Home Chef in sale talks with Kroger; 11/05/2018 – Buy Walmart on Dip, Says MKM — Barrons.com; 16/03/2018 – WALMART DEAL MAY PUSH THE VALUATION OF FLIPKART TO ABOUT $20 BILLION, UP FROM ABOUT $12 BILLION LAST YEAR- BLOOMBERG, CITING; 21/05/2018 – Walmart has quietly launched Jetblack, a ‘members-only’ personal shopping service for affluent city moms. Via @DelRey:; 23/05/2018 – ♫ Reuters Insider – Trading at Noon: Target misses profit forecast but maintains outlook; 24/05/2018 – Wal-Mart’s Massmart Drops Most on Record on Slow S. Africa Sales; 06/03/2018 – Trump’s China Levy Threat Puts Walmart, Nike Suppliers on Notice; 28/04/2018 – Sainsbury Confirms in Advanced Talks to Combine With Walmart’s Asda Group; 11/05/2018 – WALMART SETTLES DISPUTE W/LABOR ACTIVISTS OVER WORKER PROTEST

Bank Of Stockton, which manages about $239.11 million US Long portfolio, decreased its stake in Ishares: S&P Midcap 400 Index (IJH) by 4,911 shares to 163,796 shares, valued at $30.72M in 2018Q1, according to the filing. It also reduced its holding in Ishares: S&P Smallcap 600 Index (IJR) by 4,129 shares in the quarter, leaving it with 231,960 shares, and cut its stake in Guggenheim S&P 500 Pure Value (RPV).

Investors sentiment decreased to 0.88 in Q1 2018. Its down 0.11, from 0.99 in 2017Q4. It dropped, as 100 investors sold WMT shares while 555 reduced holdings. 128 funds opened positions while 451 raised stakes. 856.22 million shares or 1.10% less from 865.70 million shares in 2017Q4 were reported. 131,080 were reported by Redwood Investments Ltd Liability. Security Tru has 2,040 shares for 0.06% of their portfolio. Martingale Asset Mgmt Limited Partnership reported 618,325 shares. Cap Planning Limited Liability invested in 0.33% or 10,321 shares. 2,620 were accumulated by Levin Capital Strategies Lp. Macroview Ltd Company, Maryland-based fund reported 83 shares. Gulf Intll Savings Bank (Uk) holds 472,215 shares. Boys Arnold And Company has 35,255 shares. Jnba Advsr has invested 0.01% in Walmart Inc. (NYSE:WMT). Thrivent For Lutherans has invested 0.31% in Walmart Inc. (NYSE:WMT). Page Arthur B accumulated 0.75% or 9,285 shares. 42,536 were accumulated by Sva Plumb Wealth. Payden & Rygel has 0.03% invested in Walmart Inc. (NYSE:WMT). Windsor Cap Management Ltd Liability invested 0.71% in Walmart Inc. (NYSE:WMT). Oregon Pub Employees Retirement Fund invested in 0.7% or 523,131 shares.

Among 38 analysts covering Wal-Mart Stores Inc (NYSE:WMT), 17 have Buy rating, 0 Sell and 21 Hold. Therefore 45% are positive. Wal-Mart Stores Inc had 159 analyst reports since August 14, 2015 according to SRatingsIntel. The stock has “Hold” rating by Credit Suisse on Tuesday, May 1. Wells Fargo maintained the stock with “Hold” rating in Thursday, August 17 report. The rating was maintained by Credit Suisse on Friday, June 9 with “Hold”. The firm has “Overweight” rating given on Thursday, February 22 by Stephens. Cowen & Co upgraded Walmart Inc. (NYSE:WMT) on Monday, September 12 to “Outperform” rating. The stock of Walmart Inc. (NYSE:WMT) earned “Buy” rating by Cowen & Co on Tuesday, August 15. The stock of Walmart Inc. (NYSE:WMT) earned “Neutral” rating by UBS on Wednesday, February 21. The rating was maintained by Jefferies with “Buy” on Friday, February 16. The firm has “Equal-Weight” rating by Morgan Stanley given on Thursday, May 19. Susquehanna maintained Walmart Inc. (NYSE:WMT) on Friday, February 16 with “Buy” rating.

Since June 5, 2018, it had 0 insider purchases, and 17 sales for $1.36 billion activity. 760,377 shares were sold by WALTON JIM C, worth $63.34 million. Canney Jacqueline P sold $676,503 worth of stock. 1.31M shares valued at $109.92M were sold by WALTON ALICE L on Wednesday, June 13. $464,176 worth of Walmart Inc. (NYSE:WMT) was sold by Chojnowski David on Thursday, June 7. Furner John R. also sold $1.57 million worth of Walmart Inc. (NYSE:WMT) shares.

More notable recent Walmart Inc. (NYSE:WMT) news were published by: Nasdaq.com which released: “The Rent-A-Center Buyout Is Good News for Everyone Involved” on June 20, 2018, also Seekingalpha.com with their article: “Walmart: Bye Bye Brazil” published on June 05, 2018, Seekingalpha.com published: “Walmart Could Become Casualty Of Trade War” on June 14, 2018. More interesting news about Walmart Inc. (NYSE:WMT) were released by: Seekingalpha.com and their article: “Can Spotify Join The FANG Club?” published on June 20, 2018 as well as Nasdaq.com‘s news article titled: “Walgreens Stock Replaces GE in the DJIA” with publication date: June 20, 2018.

Among 5 analysts covering MDU Resources (NYSE:MDU), 1 have Buy rating, 1 Sell and 3 Hold. Therefore 20% are positive. MDU Resources had 8 analyst reports since August 6, 2015 according to SRatingsIntel. Argus Research downgraded the shares of MDU in report on Monday, February 13 to “Hold” rating. The stock has “Buy” rating by KeyBanc Capital Markets on Wednesday, October 18. The company was upgraded on Tuesday, May 31 by Argus Research.

Since March 13, 2018, it had 1 insider purchase, and 0 selling transactions for $10,205 activity.

Meeder Asset Management Inc, which manages about $3.85B and $1.08B US Long portfolio, decreased its stake in Synopsys Inc. (NASDAQ:SNPS) by 23,934 shares to 8,315 shares, valued at $692,000 in 2018Q1, according to the filing. It also reduced its holding in Gap Inc. (NYSE:GPS) by 51,912 shares in the quarter, leaving it with 7,352 shares, and cut its stake in Walgreens Boots.

Walmart Inc. (NYSE:WMT) Institutional Positions Chart

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By1 Linda Rogers

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