United Technologies (UTX) Valuation Rose While Freestone Capital Holdings Has Lifted Holding by $3.88 Million; Mastercard (MA) Shareholder Destination Wealth Management Decreased Its Stake as Valuation Rose

February 22, 2018 - By Adrian Mccoy

Freestone Capital Holdings Llc increased its stake in United Technologies Corp (UTX) by 612.44% based on its latest 2017Q3 regulatory filing with the SEC. Freestone Capital Holdings Llc bought 33,439 shares as the company’s stock rose 8.03% with the market. The institutional investor held 38,899 shares of the aerospace company at the end of 2017Q3, valued at $4.52M, up from 5,460 at the end of the previous reported quarter. Freestone Capital Holdings Llc who had been investing in United Technologies Corp for a number of months, seems to be bullish on the $106.64 billion market cap company. The stock increased 3.16% or $4.08 during the last trading session, reaching $133.34. About 5.53M shares traded or 26.77% up from the average. United Technologies Corporation (NYSE:UTX) has risen 22.99% since February 22, 2017 and is uptrending. It has outperformed by 6.29% the S&P500.

Destination Wealth Management decreased its stake in Mastercard Incorporated (MA) by 3.96% based on its latest 2017Q3 regulatory filing with the SEC. Destination Wealth Management sold 7,352 shares as the company’s stock rose 7.46% with the market. The institutional investor held 178,388 shares of the business services company at the end of 2017Q3, valued at $25.19 million, down from 185,740 at the end of the previous reported quarter. Destination Wealth Management who had been investing in Mastercard Incorporated for a number of months, seems to be less bullish one the $182.41B market cap company. The stock increased 0.68% or $1.18 during the last trading session, reaching $173.5. About 4.15 million shares traded or 7.61% up from the average. Mastercard Incorporated (NYSE:MA) has risen 24.16% since February 22, 2017 and is uptrending. It has outperformed by 7.46% the S&P500.




Freestone Capital Holdings Llc, which manages about $1.41B US Long portfolio, decreased its stake in Pennantpark Floating Rate Ca (NASDAQ:PFLT) by 84,619 shares to 85,000 shares, valued at $1.23 million in 2017Q3, according to the filing. It also reduced its holding in Conocophillips (Call) (NYSE:COP) by 6,047 shares in the quarter, leaving it with 2,000 shares, and cut its stake in Boeing Co (NYSE:BA).

Investors sentiment increased to 1.05 in Q3 2017. Its up 0.10, from 0.95 in 2017Q2. It is positive, as 63 investors sold UTX shares while 503 reduced holdings. 111 funds opened positions while 484 raised stakes. 621.08 million shares or 1.52% more from 611.76 million shares in 2017Q2 were reported. Argi Invest Services Ltd Liability Co holds 2,883 shares. 3.74 million were accumulated by Deutsche Bankshares Ag. The Missouri-based Stifel Financial Corp has invested 0.44% in United Technologies Corporation (NYSE:UTX). Invesco Limited holds 0.2% of its portfolio in United Technologies Corporation (NYSE:UTX) for 4.69M shares. New York-based Laurion Ltd Partnership has invested 0.05% in United Technologies Corporation (NYSE:UTX). Jpmorgan Chase And accumulated 4.13 million shares. Tudor Corporation Et Al holds 0.01% or 2,424 shares. 36,759 are held by Linscomb & Williams Inc. Rocky Mountain Advisers has 16 shares. Massachusetts Ser Ma owns 17.64 million shares. Blackrock Incorporated accumulated 0.27% or 46.03M shares. Wealthtrust holds 0.01% or 111 shares. Granite Inv Limited Liability holds 0.06% or 8,100 shares. 29,421 were reported by Burns J W & Com Inc New York. Schmidt P J Management holds 0.3% of its portfolio in United Technologies Corporation (NYSE:UTX) for 8,608 shares.

Since December 13, 2017, it had 0 insider purchases, and 3 insider sales for $734,561 activity. 864 shares valued at $108,873 were sold by Bailey Robert J. on Friday, December 15.

Among 21 analysts covering United Technologies Corporation (NYSE:UTX), 12 have Buy rating, 0 Sell and 9 Hold. Therefore 57% are positive. United Technologies Corporation had 80 analyst reports since July 21, 2015 according to SRatingsIntel. RBC Capital Markets maintained it with “Hold” rating and $125.0 target in Friday, September 15 report. Argus Research maintained it with “Buy” rating and $125 target in Wednesday, July 22 report. The rating was initiated by JP Morgan on Thursday, October 8 with “Neutral”. The stock of United Technologies Corporation (NYSE:UTX) earned “Hold” rating by Stifel Nicolaus on Wednesday, October 25. The stock of United Technologies Corporation (NYSE:UTX) has “Buy” rating given on Wednesday, January 3 by RBC Capital Markets. The stock of United Technologies Corporation (NYSE:UTX) has “Buy” rating given on Thursday, January 25 by Jefferies. The stock has “Hold” rating by Deutsche Bank on Wednesday, July 22. The firm has “Market Perform” rating by Cowen & Co given on Wednesday, September 6. Stifel Nicolaus maintained it with “Hold” rating and $139.0 target in Thursday, February 15 report. Cowen & Co maintained the shares of UTX in report on Monday, January 22 with “Hold” rating.

Analysts await Mastercard Incorporated (NYSE:MA) to report earnings on May, 1. They expect $1.25 EPS, up 23.76% or $0.24 from last year’s $1.01 per share. MA’s profit will be $1.31 billion for 34.70 P/E if the $1.25 EPS becomes a reality. After $1.14 actual EPS reported by Mastercard Incorporated for the previous quarter, Wall Street now forecasts 9.65% EPS growth.

Destination Wealth Management, which manages about $1.42 billion and $1.56B US Long portfolio, upped its stake in Johnson & Johnson (NYSE:JNJ) by 3,136 shares to 196,500 shares, valued at $25.55 million in 2017Q3, according to the filing. It also increased its holding in Costco Whsl Corp New (NASDAQ:COST) by 4,240 shares in the quarter, for a total of 126,022 shares, and has risen its stake in Unilever Plc (NYSE:UL).

Investors sentiment increased to 0.89 in Q3 2017. Its up 0.01, from 0.88 in 2017Q2. It improved, as 39 investors sold MA shares while 488 reduced holdings. 103 funds opened positions while 367 raised stakes. 779.91 million shares or 1.33% less from 790.40 million shares in 2017Q2 were reported. Aviva Public Ltd Co stated it has 0.46% in Mastercard Incorporated (NYSE:MA). Toronto Dominion National Bank reported 0.17% in Mastercard Incorporated (NYSE:MA). 805,260 were accumulated by Flossbach Von Storch Ag. Ballentine Prns Limited Liability Co stated it has 0.08% of its portfolio in Mastercard Incorporated (NYSE:MA). Thompson Davis & Company Inc has 742 shares for 0.19% of their portfolio. 464,529 are held by Douglass Winthrop Advsr Ltd Liability Corp. Hedeker Wealth Limited Liability Com has invested 0.48% of its portfolio in Mastercard Incorporated (NYSE:MA). Horizon Kinetics Ltd Liability Corp accumulated 72,871 shares. Lincoln Cap Limited Com reported 73,154 shares. Boulegeris Invs stated it has 19,264 shares or 1.51% of all its holdings. Genesee Valley Trust stated it has 7,025 shares. Cullen Frost Bankers holds 0.91% or 197,053 shares in its portfolio. Prudential Financial Inc, New Jersey-based fund reported 1.31M shares. Pennsylvania-based Cim Mangement Inc has invested 0.4% in Mastercard Incorporated (NYSE:MA). State Street, a Massachusetts-based fund reported 35.59 million shares.

Since September 21, 2017, it had 0 buys, and 4 sales for $6.19 million activity. Shares for $712,540 were sold by Haythornthwaite Richard. Fraccaro Michael sold 5,800 shares worth $856,027. $2.01M worth of stock was sold by Vosburg Craig on Thursday, September 21.

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