Advisors Asset Management Has Trimmed By $1.08 Million Its Magellan Midstream Prtnrs LP (MMP) Position; Oil Dri Of America (ODC) Has 1.48 Sentiment

May 29, 2017 - By Clifton Ray

Advisors Asset Management Inc decreased Magellan Midstream Prtnrs Lp (MMP) stake by 15.58% reported in 2016Q4 SEC filing. Advisors Asset Management Inc sold 14,378 shares as Magellan Midstream Prtnrs Lp (MMP)’s stock declined 7.68%. The Advisors Asset Management Inc holds 77,896 shares with $5.89 million value, down from 92,274 last quarter. Magellan Midstream Prtnrs Lp now has $16.68B valuation. The stock decreased 0.53% or $0.39 on May 26, reaching $73.55. About 465,799 shares traded. Magellan Midstream Partners, L.P. (NYSE:MMP) has risen 3.55% since May 29, 2016 and is uptrending. It has underperformed by 13.15% the S&P500.

Oil-Dri Corporation of America is engaged in developing, manufacturing and/or marketing sorbent products. The company has market cap of $253.29 million. The Firm operates through two divisions: Retail and Wholesale Products Group, and Business to Business Products Group. It has a 23.99 P/E ratio. The Retail and Wholesale Products Group’s clients include mass merchandisers, wholesale clubs, drugstore chains, dollar stores, distributors of industrial cleanup and automotive products, environmental service companies and sports field product users.

The stock decreased 0.23% or $0.08 on May 26, reaching $34.79. About 2,275 shares traded. Oil-Dri Corporation of America (ODC) has risen 13.48% since May 29, 2016 and is uptrending. It has underperformed by 3.22% the S&P500.

Harvey Partners Llc holds 3.46% of its portfolio in Oil-Dri Corporation of America for 86,130 shares. Teton Advisors Inc. owns 128,300 shares or 0.49% of their US portfolio. Moreover, Morgan Dempsey Capital Management Llc has 0.41% invested in the company for 37,335 shares. The North Carolina-based Cardinal Capital Management has invested 0.37% in the stock. Needham Investment Management Llc, a New York-based fund reported 30,500 shares.

Analysts await Oil-Dri Corporation of America (NYSE:ODC) to report earnings on June, 5.

Since January 1, 0001, it had 1 insider buy, and 0 selling transactions for $73,780 activity.

Analysts await Magellan Midstream Partners, L.P. (NYSE:MMP) to report earnings on August, 1. They expect $0.92 EPS, up 12.20% or $0.10 from last year’s $0.82 per share. MMP’s profit will be $208.64 million for 19.99 P/E if the $0.92 EPS becomes a reality. After $0.98 actual EPS reported by Magellan Midstream Partners, L.P. for the previous quarter, Wall Street now forecasts -6.12% negative EPS growth.

Advisors Asset Management Inc increased Nuveen Floating Rate Income (JFR) stake by 128,443 shares to 243,464 valued at $2.84M in 2016Q4. It also upped Align Technology Inc (NASDAQ:ALGN) stake by 11,784 shares and now owns 43,299 shares. Douglas Dynamics Inc (NYSE:PLOW) was raised too.

Among 19 analysts covering Magellan Midstream Partners L.P. (NYSE:MMP), 10 have Buy rating, 1 Sell and 8 Hold. Therefore 53% are positive. Magellan Midstream Partners L.P. had 38 analyst reports since August 7, 2015 according to SRatingsIntel. Morgan Stanley initiated it with “Equal-Weight” rating and $71 target in Thursday, February 25 report. Ladenburg Thalmann initiated the shares of MMP in report on Monday, December 19 with “Buy” rating. The firm earned “Hold” rating on Tuesday, August 11 by Stifel Nicolaus. The company was downgraded on Thursday, August 18 by Morgan Stanley. The stock has “Market Perform” rating by Wells Fargo on Wednesday, January 11. DA Davidson initiated Magellan Midstream Partners, L.P. (NYSE:MMP) rating on Monday, November 16. DA Davidson has “Buy” rating and $85 target. The stock of Magellan Midstream Partners, L.P. (NYSE:MMP) has “Neutral” rating given on Friday, February 3 by UBS. The rating was maintained by Argus Research with “Buy” on Monday, August 10. Mizuho maintained the stock with “Neutral” rating in Monday, February 6 report. The rating was upgraded by Goldman Sachs on Thursday, December 15 to “Buy”.

Investors sentiment decreased to 0.81 in Q4 2016. Its down 0.38, from 1.19 in 2016Q3. It worsened, as 38 investors sold MMP shares while 169 reduced holdings. 41 funds opened positions while 127 raised stakes. 134.82 million shares or 3.13% less from 139.16 million shares in 2016Q3 were reported. Aviance Cap Prns Ltd Co invested in 28,375 shares or 0.76% of the stock. Noesis Mangement reported 18,750 shares. Natixis Asset holds 2,238 shares. Tower Bridge Advsrs holds 14,700 shares. M&R Cap owns 3,000 shares or 0.06% of their US portfolio. Riggs Asset Managment Com holds 82,201 shares. Missouri-based Atwood And Palmer has invested 0.02% in Magellan Midstream Partners, L.P. (NYSE:MMP). Moreover, Benjamin F Edwards And Com has 0.01% invested in Magellan Midstream Partners, L.P. (NYSE:MMP) for 433 shares. Regis Mngmt Ltd Com has invested 0.1% in Magellan Midstream Partners, L.P. (NYSE:MMP). Mirador Cap LP holds 0.2% of its portfolio in Magellan Midstream Partners, L.P. (NYSE:MMP) for 3,305 shares. Eagle Ridge Mngmt holds 0.3% or 18,857 shares. Cohen Cap Management Inc owns 40,000 shares. California-based Whittier Com has invested 0.01% in Magellan Midstream Partners, L.P. (NYSE:MMP). At Bank reported 15,104 shares. Sfmg Ltd Llc owns 0.62% invested in Magellan Midstream Partners, L.P. (NYSE:MMP) for 38,268 shares.