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Baxter Bros Lowered Its Holding in Diageo (Guinness) (DEO) as Stock Price Declined; As Trinet Group Com (TNET) Market Value Rose, Sawgrass Asset Management Has Increased Stake

TriNet Group, Inc. (NYSE:TNET) Logo

Sawgrass Asset Management Llc increased its stake in Trinet Group Inc Com (TNET) by 230.63% based on its latest 2017Q4 regulatory filing with the SEC. Sawgrass Asset Management Llc bought 30,720 shares as the company’s stock rose 5.77% while stock markets declined. The institutional investor held 44,040 shares of the miscellaneous company at the end of 2017Q4, valued at $1.95 million, up from 13,320 at the end of the previous reported quarter. Sawgrass Asset Management Llc who had been investing in Trinet Group Inc Com for a number of months, seems to be bullish on the $3.77B market cap company. The stock increased 0.73% or $0.39 during the last trading session, reaching $53.61. About 308,510 shares traded. TriNet Group, Inc. (NYSE:TNET) has risen 62.79% since May 19, 2017 and is uptrending. It has outperformed by 51.24% the S&P500.

Baxter Bros Inc decreased its stake in Diageo (Guinness) (DEO) by 15.78% based on its latest 2017Q4 regulatory filing with the SEC. Baxter Bros Inc sold 2,825 shares as the company’s stock declined 7.16% with the market. The institutional investor held 15,073 shares of the beverages (production and distribution) company at the end of 2017Q4, valued at $2.20M, down from 17,898 at the end of the previous reported quarter. Baxter Bros Inc who had been investing in Diageo (Guinness) for a number of months, seems to be less bullish one the $89.70 billion market cap company. The stock decreased 0.56% or $0.82 during the last trading session, reaching $145.46. About 245,869 shares traded. Diageo plc (NYSE:DEO) has risen 14.00% since May 19, 2017 and is uptrending. It has outperformed by 2.45% the S&P500.

More important recent TriNet Group, Inc. (NYSE:TNET) news were published by: Seekingalpha.com which released: “Tracking William Von Mueffling’s Cantillon Capital Management Portfolio – Q1 2018 Update” on May 09, 2018, also Globenewswire.com published article titled: “TriNet Names Olivier Kohler Senior Vice President and Chief Operations Officer”, Seekingalpha.com published: “More on TriNet Group Q1” on May 01, 2018. More interesting news about TriNet Group, Inc. (NYSE:TNET) was released by: Streetinsider.com and their article: “TriNet Group (TNET) Names Olivier Kohler SVP and COO” with publication date: May 07, 2018.

Sawgrass Asset Management Llc, which manages about $3.30B and $2.18B US Long portfolio, decreased its stake in Johnson & Johnson Com (NYSE:JNJ) by 10,184 shares to 391,175 shares, valued at $54.66M in 2017Q4, according to the filing. It also reduced its holding in Mastercard Inc Cl A (NYSE:MA) by 156,700 shares in the quarter, leaving it with 295,669 shares, and cut its stake in Danaher Corp Com (NYSE:DHR).

Among 7 analysts covering TriNet Group Inc (NYSE:TNET), 1 have Buy rating, 2 Sell and 4 Hold. Therefore 14% are positive. TriNet Group Inc had 20 analyst reports since August 4, 2015 according to SRatingsIntel. The stock has “Buy” rating by JP Morgan on Wednesday, August 5. J.P. Morgan downgraded the stock to “Sell” rating in Thursday, August 17 report. On Wednesday, April 19 the stock rating was downgraded by Deutsche Bank to “Hold”. On Tuesday, May 1 the stock rating was maintained by Stifel Nicolaus with “Buy”. The firm has “Neutral” rating given on Friday, December 9 by JP Morgan. The firm earned “Buy” rating on Thursday, December 1 by Stifel Nicolaus. The stock has “Buy” rating by Stifel Nicolaus on Wednesday, February 28. The rating was downgraded by Morgan Stanley on Tuesday, August 22 to “Underweight”. The company was downgraded on Thursday, August 4 by Morgan Stanley. Morgan Stanley maintained TriNet Group, Inc. (NYSE:TNET) rating on Friday, November 3. Morgan Stanley has “Underweight” rating and $32 target.

Baxter Bros Inc, which manages about $372.05M and $364.93 million US Long portfolio, upped its stake in Morgan Stanley (NYSE:MS) by 5,900 shares to 43,070 shares, valued at $2.26 million in 2017Q4, according to the filing. It also increased its holding in Edwards Life (NYSE:EW) by 9,280 shares in the quarter, for a total of 38,919 shares, and has risen its stake in Fedex (NYSE:FDX).

More news for Diageo plc (NYSE:DEO) were recently published by: Investorplace.com, which released: “3 of the Best Penny Stocks To Buy Right Now” on May 16, 2018. Profitconfidential.com‘s article titled: “Why Canopy Needs Aphria Takeover to Balance Aurora-Medreleaf Deal” and published on May 18, 2018 is yet another important article.

Among 26 analysts covering Diageo (NYSE:DEO), 16 have Buy rating, 3 Sell and 7 Hold. Therefore 62% are positive. Diageo had 42 analyst reports since July 31, 2015 according to SRatingsIntel. Goldman Sachs downgraded the stock to “Sell” rating in Friday, March 31 report. The company was maintained on Thursday, September 28 by Jefferies. The rating was maintained by Natixis on Thursday, September 24 with “Buy”. The rating was maintained by Shore Capital on Wednesday, September 23 with “Hold”. The stock of Diageo plc (NYSE:DEO) earned “Hold” rating by Berenberg on Wednesday, September 13. The rating was initiated by Macquarie Research with “Underperform” on Monday, November 28. The stock has “Neutral” rating by Goldman Sachs on Tuesday, June 28. Kepler Cheuvreux maintained the shares of DEO in report on Friday, July 31 with “Hold” rating. As per Friday, September 1, the company rating was maintained by Jefferies. Beaufort Securities maintained Diageo plc (NYSE:DEO) on Thursday, September 24 with “Buy” rating.

Diageo plc (NYSE:DEO) Ratings Chart

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