DexCom, Inc. (DXCM) Reaches $71.80 After 9.00% Up Move; Thomaspartners Trimmed By $384,225 Its Magellan Midstream Prtnrs LP (MMP) Position

June 5, 2017 - By Peter Erickson

Thomaspartners Inc decreased Magellan Midstream Prtnrs Lp (MMP) stake by 1.57% reported in 2016Q4 SEC filing. Thomaspartners Inc sold 5,123 shares as Magellan Midstream Prtnrs Lp (MMP)’s stock declined 7.68%. The Thomaspartners Inc holds 321,784 shares with $24.34 million value, down from 326,907 last quarter. Magellan Midstream Prtnrs Lp now has $16.43B valuation. The stock rose 0.17% or $0.12 reaching $72.43. About 186,540 shares traded. Magellan Midstream Partners, L.P. (NYSE:MMP) has risen 3.55% since June 5, 2016 and is uptrending. It has underperformed by 13.15% the S&P500.

The stock of DexCom, Inc. (NASDAQ:DXCM) is a huge mover today! About 1.50M shares traded or 23.97% up from the average. DexCom, Inc. (NASDAQ:DXCM) has risen 9.41% since June 5, 2016 and is uptrending. It has underperformed by 7.29% the S&P500.The move comes after 8 months positive chart setup for the $6.28 billion company. It was reported on Jun, 5 by Barchart.com. We have $78.26 PT which if reached, will make NASDAQ:DXCM worth $565.20M more.

Investors sentiment decreased to 0.81 in 2016 Q4. Its down 0.38, from 1.19 in 2016Q3. It dived, 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. Moreover, Schroder Investment Management Grp has 0.02% invested in Magellan Midstream Partners, L.P. (NYSE:MMP) for 123,350 shares. The Virginia-based Thompson Siegel Walmsley Limited Liability Company has invested 0% in Magellan Midstream Partners, L.P. (NYSE:MMP). Regis Mgmt Lc stated it has 7,077 shares. Summit Equities Inc owns 13,540 shares or 0.25% of their US portfolio. Moreover, Ray Gerald L And Associate Limited has 0.92% invested in Magellan Midstream Partners, L.P. (NYSE:MMP). Jacobus Wealth Mngmt Inc has invested 0.49% in Magellan Midstream Partners, L.P. (NYSE:MMP). 11,036 were reported by Artemis Investment Mgmt Ltd Liability Partnership. Peak Asset Mgmt Ltd Llc invested in 0.17% or 5,780 shares. Allianz Asset Mgmt Ag has invested 0.01% in Magellan Midstream Partners, L.P. (NYSE:MMP). Parsec Financial has 0.02% invested in Magellan Midstream Partners, L.P. (NYSE:MMP) for 3,486 shares. Mcdaniel Terry And owns 0.13% invested in Magellan Midstream Partners, L.P. (NYSE:MMP) for 8,000 shares. 39,532 are held by Catawba Va. Natl Bank Of The West reported 8,374 shares. Concert Wealth Management reported 4,008 shares. Eaton Vance Mngmt reported 12,861 shares.

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. Credit Suisse upgraded the shares of MMP in report on Friday, August 7 to “Neutral” rating. The rating was upgraded by Credit Suisse on Friday, May 5 to “Neutral”. The stock of Magellan Midstream Partners, L.P. (NYSE:MMP) earned “Buy” rating by UBS on Wednesday, January 6. The firm has “Neutral” rating given on Friday, April 21 by Macquarie Research. Morgan Stanley downgraded Magellan Midstream Partners, L.P. (NYSE:MMP) rating on Thursday, August 18. Morgan Stanley has “Underweight” rating and $69 target. Mizuho maintained Magellan Midstream Partners, L.P. (NYSE:MMP) rating on Monday, February 6. Mizuho has “Neutral” rating and $74 target. Stifel Nicolaus upgraded the stock to “Hold” rating in Tuesday, August 11 report. The firm earned “Outperform” rating on Friday, April 29 by RBC Capital Markets. The stock has “Neutral” rating by UBS on Friday, February 3. Wells Fargo downgraded Magellan Midstream Partners, L.P. (NYSE:MMP) on Wednesday, January 11 to “Market Perform” rating.

Since December 7, 2016, it had 0 insider purchases, and 4 insider sales for $5.72 million activity. $786,700 worth of Magellan Midstream Partners, L.P. (NYSE:MMP) shares were sold by Korner Lisa J. Selvidge Jeff R sold $400,000 worth of Magellan Midstream Partners, L.P. (NYSE:MMP) on Monday, February 13. Shares for $600,000 were sold by May Douglas J on Wednesday, May 24. Another trade for 50,000 shares valued at $3.94M was sold by MEARS MICHAEL N.

Thomaspartners Inc increased Diageo P L C (NYSE:DEO) stake by 358,509 shares to 1.87M valued at $194.30 million in 2016Q4. It also upped United Technologies Corp (NYSE:UTX) stake by 150,914 shares and now owns 2.20M shares. Alps Etf Tr (AMLP) was raised too.

Analysts await Magellan Midstream Partners, L.P. (NYSE:MMP) to report earnings on August, 1. They expect $0.92 earnings per share, up 12.20% or $0.10 from last year’s $0.82 per share. MMP’s profit will be $208.69 million for 19.68 P/E if the $0.92 EPS becomes a reality. After $0.98 actual earnings per share reported by Magellan Midstream Partners, L.P. for the previous quarter, Wall Street now forecasts -6.12% negative EPS growth.

Analysts await DexCom, Inc. (NASDAQ:DXCM) to report earnings on August, 1. They expect $-0.14 earnings per share, up 41.67% or $0.10 from last year’s $-0.24 per share. After $-0.49 actual earnings per share reported by DexCom, Inc. for the previous quarter, Wall Street now forecasts -71.43% EPS growth.

Among 15 analysts covering Dexcom (NASDAQ:DXCM), 13 have Buy rating, 0 Sell and 2 Hold. Therefore 87% are positive. Dexcom has $120 highest and $66 lowest target. $85’s average target is 18.38% above currents $71.8 stock price. Dexcom had 22 analyst reports since August 6, 2015 according to SRatingsIntel. The rating was upgraded by Sterne Agee CRT on Thursday, October 15 to “Buy”. The rating was downgraded by Robert W. Baird to “Neutral” on Monday, February 8. Canaccord Genuity maintained DexCom, Inc. (NASDAQ:DXCM) rating on Wednesday, November 2. Canaccord Genuity has “Buy” rating and $70 target. JP Morgan maintained DexCom, Inc. (NASDAQ:DXCM) rating on Wednesday, February 24. JP Morgan has “Overweight” rating and $100 target. The firm has “Equal-Weight” rating given on Tuesday, January 3 by Morgan Stanley. On Thursday, December 15 the stock rating was upgraded by B. Riley & Co to “Buy”. As per Wednesday, February 24, the company rating was maintained by Jefferies. On Wednesday, September 14 the stock rating was downgraded by BTIG Research to “Neutral”. The stock has “Buy” rating by Deutsche Bank on Friday, July 15. Benchmark maintained DexCom, Inc. (NASDAQ:DXCM) rating on Wednesday, February 24. Benchmark has “Buy” rating and $86 target.

Since December 9, 2016, it had 0 buys, and 34 insider sales for $19.76 million activity. The insider Leach Jacob Steven sold 21,317 shares worth $1.65M. On Friday, March 17 SAYER KEVIN R sold $778,158 worth of DexCom, Inc. (NASDAQ:DXCM) or 10,000 shares. On Wednesday, March 8 LISTER JOHN sold $233,002 worth of DexCom, Inc. (NASDAQ:DXCM) or 3,000 shares. $1.12 million worth of DexCom, Inc. (NASDAQ:DXCM) shares were sold by VALDES JORGE A. DOUBLEDAY RICHARD also sold $217,290 worth of DexCom, Inc. (NASDAQ:DXCM) on Tuesday, May 23. Balo Andrew K also sold $230,176 worth of DexCom, Inc. (NASDAQ:DXCM) shares. 3,000 shares were sold by KAHN BARBARA, worth $232,080.