New England Research & Management Has Trimmed Sysco (SYY) Position; Texas Pacific Land Trust (TPL)’s Sentiment Is 1.19

March 31, 2018 - By rebbecca

Texas Pacific Land Trust (NYSE:TPL) Logo

New England Research & Management Inc decreased Sysco Corp (SYY) stake by 51.83% reported in 2017Q4 SEC filing. New England Research & Management Inc sold 7,640 shares as Sysco Corp (SYY)’s stock declined 2.24%. The New England Research & Management Inc holds 7,100 shares with $431,000 value, down from 14,740 last quarter. Sysco Corp now has $31.29 billion valuation. The stock increased 0.99% or $0.59 during the last trading session, reaching $59.96. About 2.37 million shares traded. Sysco Corporation (NYSE:SYY) has risen 14.07% since March 31, 2017 and is uptrending. It has outperformed by 2.52% the S&P500.

Texas Pacific Land Trust (TPL) investors sentiment increased to 1.19 in 2017 Q4. It’s up 0.07, from 1.12 in 2017Q3. The ratio has improved, as 44 hedge funds increased or started new equity positions, while 37 decreased and sold their stock positions in Texas Pacific Land Trust. The hedge funds in our database now hold: 2.86 million shares, down from 2.87 million shares in 2017Q3. Also, the number of hedge funds holding Texas Pacific Land Trust in top ten equity positions was flat from 7 to 7 for the same number . Sold All: 5 Reduced: 32 Increased: 30 New Position: 14.

The stock increased 1.33% or $6.61 during the last trading session, reaching $505.42. About 24,771 shares traded or 37.79% up from the average. Texas Pacific Land Trust (TPL) has risen 76.38% since March 31, 2017 and is uptrending. It has outperformed by 64.83% the S&P500.

Texas Pacific Land Trust holds title to tracts of land in the state of Texas, the United States. The company has market cap of $3.95 billion. It manages these lands for the benefit of the holders of Certificates of Proprietary Interest in the Trust. It has a 51.99 P/E ratio. The firm is also involved in the sale of land, gas and oil royalties, and grazing leases of the land.

Mad River Investors holds 28.04% of its portfolio in Texas Pacific Land Trust for 57,339 shares. Horizon Kinetics Llc owns 1.80 million shares or 23.6% of their US portfolio. Moreover, Lawson Kroeker Investment Management Inc Ne has 9.39% invested in the company for 65,353 shares. The Texas-based First Dallas Securities Inc. has invested 8.95% in the stock. Hodges Capital Management Inc., a Texas-based fund reported 138,313 shares.

Among 21 analysts covering Sysco Corporation (NYSE:SYY), 11 have Buy rating, 0 Sell and 10 Hold. Therefore 52% are positive. Sysco Corporation has $74.0 highest and $29 lowest target. $59.06’s average target is -1.50% below currents $59.96 stock price. Sysco Corporation had 57 analyst reports since August 6, 2015 according to SRatingsIntel. The stock of Sysco Corporation (NYSE:SYY) earned “Buy” rating by Wells Fargo on Monday, August 14. The stock of Sysco Corporation (NYSE:SYY) has “Buy” rating given on Tuesday, February 6 by Loop Capital. The stock of Sysco Corporation (NYSE:SYY) has “Hold” rating given on Friday, October 13 by RBC Capital Markets. The firm has “Buy” rating given on Monday, February 5 by BMO Capital Markets. The stock has “Neutral” rating by Goldman Sachs on Friday, December 9. The rating was initiated by Wells Fargo on Thursday, November 19 with “Outperform”. On Monday, June 20 the stock rating was initiated by Bank of America with “Neutral”. The firm has “Buy” rating by Argus Research given on Friday, February 5. The rating was maintained by Deutsche Bank with “Hold” on Wednesday, August 26. Jefferies maintained the shares of SYY in report on Monday, February 5 with “Hold” rating.

Analysts await Sysco Corporation (NYSE:SYY) to report earnings on May, 14. They expect $0.66 EPS, up 29.41% or $0.15 from last year’s $0.51 per share. SYY’s profit will be $344.46 million for 22.71 P/E if the $0.66 EPS becomes a reality. After $0.66 actual EPS reported by Sysco Corporation for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Investors sentiment increased to 0.9 in Q4 2017. Its up 0.12, from 0.78 in 2017Q3. It improved, as 46 investors sold SYY shares while 345 reduced holdings. 109 funds opened positions while 242 raised stakes. 400.42 million shares or 2.21% less from 409.47 million shares in 2017Q3 were reported. Maple Cap Mngmt holds 0.1% of its portfolio in Sysco Corporation (NYSE:SYY) for 6,471 shares. Everence Capital holds 0.11% or 7,993 shares. Cambridge Inv Rech accumulated 65,788 shares. Morgan Stanley, a New York-based fund reported 3.88M shares. Beck Mack Oliver Limited Co reported 277,122 shares. Janney Montgomery Scott Limited Liability holds 230,761 shares. Tradewinds Cap Mgmt Lc stated it has 766 shares. Amica Mutual Insur holds 20,344 shares. Cibc Asset accumulated 101,652 shares. Eaton Vance Management has invested 0.09% of its portfolio in Sysco Corporation (NYSE:SYY). Winslow Evans And Crocker Incorporated reported 14,300 shares. Bbva Compass National Bank & Trust invested in 0.07% or 17,545 shares. Waverton Mgmt Limited reported 11,826 shares. Gateway Advisory Ltd Llc invested 0.08% in Sysco Corporation (NYSE:SYY). Plante Moran Financial Advisors Ltd Limited Liability Company reported 2,148 shares.

Since September 29, 2017, it had 0 insider buys, and 12 selling transactions for $14.92 million activity. On Wednesday, January 10 the insider Goetz William W sold $993,122. On Tuesday, January 9 the insider Shurts Wayne sold $958,386. DeLaney William J III sold $1.64 million worth of stock. Libby Russell T. had sold 13,334 shares worth $809,240. 15,334 Sysco Corporation (NYSE:SYY) shares with value of $930,620 were sold by Moskowitz Paul T. On Thursday, March 15 the insider TILGHMAN RICHARD G sold $299,000. $4.92 million worth of Sysco Corporation (NYSE:SYY) shares were sold by Bertrand Greg D.

Sysco Corporation (NYSE:SYY) Institutional Positions Chart