Old National Bancorp Cut Stryker (SYK) Position as Valuation Rose; Facebook Com (FB) Stake Raised by Hedeker Wealth Management Group Llc

February 22, 2018 - By Marguerite Chambers

Old National Bancorp decreased its stake in Stryker Corp (SYK) by 5.58% based on its latest 2017Q3 regulatory filing with the SEC. Old National Bancorp sold 6,463 shares as the company’s stock rose 8.29% with the market. The institutional investor held 109,442 shares of the medical and dental instruments company at the end of 2017Q3, valued at $15.54 million, down from 115,905 at the end of the previous reported quarter. Old National Bancorp who had been investing in Stryker Corp for a number of months, seems to be less bullish one the $59.88B market cap company. The stock increased 1.23% or $1.94 during the last trading session, reaching $159.82. About 275,138 shares traded. Stryker Corporation (NYSE:SYK) has risen 24.95% since February 22, 2017 and is uptrending. It has outperformed by 8.25% the S&P500.

Hedeker Wealth Management Group Llc increased its stake in Facebook Inc Com (FB) by 33.91% based on its latest 2017Q3 regulatory filing with the SEC. Hedeker Wealth Management Group Llc bought 3,809 shares as the company’s stock rose 10.88% with the market. The institutional investor held 15,043 shares of the technology company at the end of 2017Q3, valued at $2.57 million, up from 11,234 at the end of the previous reported quarter. Hedeker Wealth Management Group Llc who had been investing in Facebook Inc Com for a number of months, seems to be bullish on the $518.19B market cap company. The stock increased 0.26% or $0.47 during the last trading session, reaching $178.38. About 10.04M shares traded. Facebook, Inc. (NASDAQ:FB) has risen 26.75% since February 22, 2017 and is uptrending. It has outperformed by 10.05% the S&P500.




Analysts await Stryker Corporation (NYSE:SYK) to report earnings on April, 24. They expect $1.60 EPS, up 8.11% or $0.12 from last year’s $1.48 per share. SYK’s profit will be $599.42M for 24.97 P/E if the $1.60 EPS becomes a reality. After $1.96 actual EPS reported by Stryker Corporation for the previous quarter, Wall Street now forecasts -18.37% negative EPS growth.

Among 27 analysts covering Stryker Corporation (NYSE:SYK), 18 have Buy rating, 2 Sell and 7 Hold. Therefore 67% are positive. Stryker Corporation had 90 analyst reports since July 27, 2015 according to SRatingsIntel. The stock of Stryker Corporation (NYSE:SYK) earned “Hold” rating by Robert W. Baird on Monday, October 23. The stock of Stryker Corporation (NYSE:SYK) earned “Buy” rating by Canaccord Genuity on Friday, October 27. On Friday, July 28 the stock rating was maintained by Cowen & Co with “Buy”. The firm has “Buy” rating by Canaccord Genuity given on Monday, June 19. On Friday, September 1 the stock rating was maintained by RBC Capital Markets with “Buy”. The firm earned “Sell” rating on Monday, June 19 by Needham. The rating was initiated by UBS with “Neutral” on Tuesday, September 22. Cowen & Co maintained the stock with “Buy” rating in Monday, July 17 report. The stock has “Overweight” rating by JP Morgan on Tuesday, January 2. The firm has “Sell” rating by Needham given on Friday, July 28.

Old National Bancorp, which manages about $1.84B US Long portfolio, upped its stake in Keycorp New (NYSE:KEY) by 18,120 shares to 44,016 shares, valued at $828,000 in 2017Q3, according to the filing. It also increased its holding in Enterprise Prods Partners L (NYSE:EPD) by 24,289 shares in the quarter, for a total of 148,114 shares, and has risen its stake in Select Sector Spdr Tr (XLB).

Investors sentiment increased to 0.87 in 2017 Q3. Its up 0.02, from 0.85 in 2017Q2. It improved, as 52 investors sold SYK shares while 330 reduced holdings. 56 funds opened positions while 275 raised stakes. 275.60 million shares or 0.51% more from 274.21 million shares in 2017Q2 were reported. Choate Inv Advsrs owns 10,543 shares. Ballentine Ptnrs Limited Liability Corporation holds 0.03% or 4,100 shares. Regent Invest Limited Liability Com has 6,300 shares. Diversified Tru invested in 0.09% or 8,307 shares. Exchange Cap Mngmt Inc holds 0.01% or 175 shares. Cetera Advisors Limited has 0.03% invested in Stryker Corporation (NYSE:SYK). Ftb Inc holds 0% or 117 shares. The Pennsylvania-based Janney Montgomery Scott Limited Liability Corporation has invested 0.03% in Stryker Corporation (NYSE:SYK). Norinchukin National Bank The holds 23,945 shares. 3,487 were reported by Mirae Asset Invests Ltd. Acadian Asset Management Ltd Liability holds 0.01% of its portfolio in Stryker Corporation (NYSE:SYK) for 23,208 shares. 3,923 were accumulated by Catawba Capital Mngmt Va. Hendershot Invests stated it has 26,325 shares. 5,350 were accumulated by Banque Pictet And Cie. 2.42 million were reported by Invesco.

Since February 1, 2018, it had 0 buys, and 5 sales for $3.44 million activity. 4,347 shares were sold by FRANCESCONI LOUISE, worth $713,655. 7,400 shares were sold by COX HOWARD E JR, worth $1.21 million. Berry William E Jr sold 1,306 shares worth $214,730. 2,984 shares were sold by McLean Graham A, worth $479,034 on Monday, February 5.

Since August 24, 2017, it had 0 buys, and 35 sales for $735.05 million activity. 38,017 shares were sold by Schroepfer Michael Todd, worth $7.14M. $38.84M worth of stock was sold by Zuckerberg Mark on Tuesday, February 20. Cox Christopher K sold $2.77 million worth of Facebook, Inc. (NASDAQ:FB) on Monday, October 9. Another trade for 1.25 million shares valued at $221.33 million was sold by Koum Jan. 16,298 shares were sold by FISCHER DAVID B., worth $2.75 million on Thursday, August 24. Shares for $9.75M were sold by Sandberg Sheryl on Wednesday, February 14.

Investors sentiment decreased to 1.15 in 2017 Q3. Its down 0.25, from 1.4 in 2017Q2. It turned negative, as 53 investors sold FB shares while 618 reduced holdings. 128 funds opened positions while 644 raised stakes. 1.63 billion shares or 0.88% more from 1.62 billion shares in 2017Q2 were reported. Shaker Invests Limited Liability Corp Oh invested in 35,585 shares or 4.24% of the stock. Utd Serv Automobile Association, Texas-based fund reported 2.94M shares. Amer Registered Inv Advisor holds 15,318 shares. Carnegie Cap Asset Mngmt Limited Liability Corporation has 52,011 shares. Amp Limited stated it has 1.45 million shares. Professional Advisory Ser owns 92,299 shares. Retirement Of Alabama holds 1.58M shares. Massachusetts-based Clough Partners LP has invested 2.65% in Facebook, Inc. (NASDAQ:FB). Great Lakes Advisors Limited Liability Corporation owns 0.2% invested in Facebook, Inc. (NASDAQ:FB) for 48,735 shares. 1,800 are owned by Yorktown And Research. Moore Cap Mgmt LP holds 3.22% or 973,577 shares in its portfolio. Allsquare Wealth Mngmt Ltd Limited Liability Company holds 0.62% of its portfolio in Facebook, Inc. (NASDAQ:FB) for 4,406 shares. Oarsman Cap Inc owns 0.61% invested in Facebook, Inc. (NASDAQ:FB) for 8,439 shares. Associated Banc has 111,709 shares. Ci Invs holds 0.06% or 41,300 shares in its portfolio.

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