Solaris Asset Management Has Increased Darden Restaurants (DRI) Holding by $600,756; Valuation Rose; United Parcel Service Cl B (UPS) Holder Ferguson Wellman Capital Management Has Lifted Its Holding by $18.49 Million

February 15, 2018 - By Ellis Scott

Solaris Asset Management Llc increased its stake in Darden Restaurants Inc (DRI) by 169.27% based on its latest 2017Q3 regulatory filing with the SEC. Solaris Asset Management Llc bought 7,702 shares as the company’s stock rose 13.33% with the market. The institutional investor held 12,252 shares of the consumer services company at the end of 2017Q3, valued at $965,000, up from 4,550 at the end of the previous reported quarter. Solaris Asset Management Llc who had been investing in Darden Restaurants Inc for a number of months, seems to be bullish on the $12.01 billion market cap company. The stock increased 1.69% or $1.62 during the last trading session, reaching $97.23. About 959,059 shares traded. Darden Restaurants, Inc. (NYSE:DRI) has risen 31.96% since February 15, 2017 and is uptrending. It has outperformed by 15.26% the S&P500.




Ferguson Wellman Capital Management Inc increased its stake in United Parcel Service Cl B (UPS) by 95.44% based on its latest 2017Q3 regulatory filing with the SEC. Ferguson Wellman Capital Management Inc bought 154,098 shares as the company’s stock declined 3.26% while stock markets rallied. The institutional investor held 315,563 shares of the transportation company at the end of 2017Q3, valued at $37.90 million, up from 161,465 at the end of the previous reported quarter. Ferguson Wellman Capital Management Inc who had been investing in United Parcel Service Cl B for a number of months, seems to be bullish on the $92.28 billion market cap company. The stock increased 0.77% or $0.82 during the last trading session, reaching $107.42. About 3.14M shares traded. United Parcel Service, Inc. (NYSE:UPS) has risen 2.10% since February 15, 2017 and is uptrending. It has underperformed by 14.60% the S&P500.

Ferguson Wellman Capital Management Inc, which manages about $3.83 billion and $2.77B US Long portfolio, decreased its stake in Visa Inc (NYSE:V) by 3,322 shares to 191,623 shares, valued at $20.17M in 2017Q3, according to the filing. It also reduced its holding in Raytheon (NYSE:RTN) by 2,945 shares in the quarter, leaving it with 226,814 shares, and cut its stake in Centennial Resource Developmen.

Since August 22, 2017, it had 0 buys, and 1 sale for $2.02 million activity.

Among 23 analysts covering United Parcel Service (NYSE:UPS), 9 have Buy rating, 1 Sell and 13 Hold. Therefore 39% are positive. United Parcel Service had 65 analyst reports since July 29, 2015 according to SRatingsIntel. The firm has “Market Perform” rating by BMO Capital Markets given on Wednesday, February 1. The firm has “Outperform” rating by Oppenheimer given on Wednesday, February 3. Deutsche Bank maintained United Parcel Service, Inc. (NYSE:UPS) on Monday, January 8 with “Buy” rating. Cowen & Co maintained the stock with “Hold” rating in Monday, September 25 report. The firm has “Hold” rating by Stifel Nicolaus given on Thursday, February 1. The firm has “Neutral” rating by Citigroup given on Friday, April 29. BMO Capital Markets maintained the shares of UPS in report on Wednesday, July 5 with “Hold” rating. On Monday, October 23 the stock rating was maintained by Cowen & Co with “Hold”. Stifel Nicolaus maintained it with “Hold” rating and $103.0 target in Wednesday, September 20 report. The firm has “Buy” rating by Argus Research given on Tuesday, August 2.

Investors sentiment increased to 1.14 in 2017 Q3. Its up 0.09, from 1.05 in 2017Q2. It improved, as 46 investors sold UPS shares while 390 reduced holdings. 104 funds opened positions while 395 raised stakes. 451.38 million shares or 0.77% more from 447.95 million shares in 2017Q2 were reported. United Asset Strategies holds 13,788 shares or 0.94% of its portfolio. Moreover, Community Bancorp Na has 0.22% invested in United Parcel Service, Inc. (NYSE:UPS). Aviance Prtn Limited Liability Company holds 0.74% or 18,125 shares in its portfolio. Essex Fincl Serv invested in 0.11% or 3,735 shares. The Ontario – Canada-based Breton Hill Ltd has invested 0.34% in United Parcel Service, Inc. (NYSE:UPS). 393,699 are held by Alps Advsrs. 199,495 were accumulated by Westpac Banking. Commerce Bancorp holds 0.05% or 32,033 shares. Rampart Investment Mgmt Ltd Liability Corporation accumulated 8,499 shares or 0.35% of the stock. Argent Trust Company owns 0.16% invested in United Parcel Service, Inc. (NYSE:UPS) for 3,288 shares. Nippon Life Insurance holds 0.05% in United Parcel Service, Inc. (NYSE:UPS) or 20,549 shares. The Alabama-based Associated Banc has invested 0.4% in United Parcel Service, Inc. (NYSE:UPS). Lombard Odier Asset (Europe) owns 8,160 shares or 0.06% of their US portfolio. Bush Odonnell Investment holds 2,295 shares. Zurcher Kantonalbank (Zurich Cantonalbank) reported 0.17% of its portfolio in United Parcel Service, Inc. (NYSE:UPS).

Since January 10, 2018, it had 0 insider buys, and 3 insider sales for $7.25 million activity. Cardenas Ricardo had sold 10,783 shares worth $1.05 million on Wednesday, January 10. Milanes Douglas J. sold $417,315 worth of Darden Restaurants, Inc. (NYSE:DRI) on Wednesday, January 10.

Among 26 analysts covering Darden Restaurants (NYSE:DRI), 12 have Buy rating, 0 Sell and 14 Hold. Therefore 46% are positive. Darden Restaurants had 97 analyst reports since August 25, 2015 according to SRatingsIntel. Oppenheimer maintained the shares of DRI in report on Wednesday, January 10 with “Buy” rating. Citigroup maintained Darden Restaurants, Inc. (NYSE:DRI) rating on Monday, April 18. Citigroup has “Buy” rating and $75 target. The company was maintained on Thursday, October 19 by BMO Capital Markets. The firm earned “Hold” rating on Friday, October 13 by Longbow. The stock has “Buy” rating by Argus Research on Thursday, December 21. The rating was maintained by Canaccord Genuity with “Buy” on Tuesday, December 19. The stock has “Outperform” rating by Robert W. Baird on Wednesday, September 27. The rating was maintained by Citigroup on Monday, October 2 with “Buy”. The firm has “Sector Perform” rating given on Wednesday, September 27 by RBC Capital Markets. The stock of Darden Restaurants, Inc. (NYSE:DRI) has “Neutral” rating given on Thursday, October 8 by SunTrust.

Investors sentiment increased to 0.96 in Q3 2017. Its up 0.01, from 0.95 in 2017Q2. It increased, as 55 investors sold DRI shares while 169 reduced holdings. 56 funds opened positions while 160 raised stakes. 108.03 million shares or 1.09% more from 106.87 million shares in 2017Q2 were reported. Axa owns 603,915 shares. Ww Asset Management holds 12,299 shares. Asset Mgmt Grp stated it has 3,282 shares. Natl Pension Serv reported 0% stake. Coastline Tru holds 0.21% of its portfolio in Darden Restaurants, Inc. (NYSE:DRI) for 15,490 shares. Utd Capital Financial Advisers Limited reported 10,808 shares or 0.01% of all its holdings. Cullen Frost Bankers Incorporated accumulated 3,602 shares. State Board Of Administration Of Florida Retirement invested in 0.04% or 196,377 shares. Cognios Capital Llc has 0.77% invested in Darden Restaurants, Inc. (NYSE:DRI). Kings Point Mngmt accumulated 766 shares. Synovus Fincl Corp holds 0.19% or 123,794 shares in its portfolio. 43,865 were reported by Clinton Group. Arrowstreet Ltd Partnership owns 82,000 shares or 0.02% of their US portfolio. Burney Commerce invested in 0.02% or 2,765 shares. Alethea Management Limited Liability Company stated it has 26,967 shares or 2.49% of all its holdings.

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