Darden Restaurants (DRI) Holding Lifted by Alethea Capital Management Llc; Allen Investment Management Continues to Hold Position in United Technologies (UTX)

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Alethea Capital Management Llc increased its stake in Darden Restaurants Inc (DRI) by 80.6% based on its latest 2018Q4 regulatory filing with the SEC. Alethea Capital Management Llc bought 6,926 shares as the company’s stock declined 1.90% while stock markets rallied. The institutional investor held 15,519 shares of the consumer services company at the end of 2018Q4, valued at $1.55M, up from 8,593 at the end of the previous reported quarter. Alethea Capital Management Llc who had been investing in Darden Restaurants Inc for a number of months, seems to be bullish on the $13.67 billion market cap company. The stock increased 0.56% or $0.62 during the last trading session, reaching $110.66. About 1.90M shares traded or 44.26% up from the average. Darden Restaurants, Inc. (NYSE:DRI) has risen 20.22% since March 17, 2018 and is uptrending. It has outperformed by 15.85% the S&P500. Some Historical DRI News: 22/03/2018 – Darden Restaurants 3Q Cont Ops EPS $1.74; 09/03/2018 – Oil Dri 2Q Loss 17c/Basic Common Sh; 22/03/2018 – DARDEN REPORTS FISCAL 2018 3Q RESULTS & BOOSTS FINL OUTLOOK FOR; 22/03/2018 – DARDEN SEES FY EFFECTIVE TAX RATE 16%-16.5%; 16/03/2018 – DARDEN RESTAURANTS INC DRI.N : MIZUHO STARTS WITH BUY; TARGET PRICE $105; 22/03/2018 – Darden Restaurants Increases Fincl Outlook for the Full Fiscal Yr; 22/03/2018 – Darden Restaurants Back FY18 Sales Growth View of 13%; 22/03/2018 – DARDEN RESTAURANTS INC – QTRLY OLIVE GARDEN SALES $ 1,073.2 MLN VERSUS $1,035.1 MLN; 14/05/2018 – CLINTON GROUP ADDED D, DRI, GOOGL, MA, REG IN 1Q: 13F; 22/03/2018 – Darden Restaurants Sees FY18 Adj EPS $4.75-Adj EPS $4.80

Allen Investment Management Llc increased its stake in United Technologies Corp (UTX) by 132.23% based on its latest 2018Q4 regulatory filing with the SEC. Allen Investment Management Llc bought 11,664 shares as the company’s stock rose 2.45% with the market. The hedge fund held 20,485 shares of the aerospace company at the end of 2018Q4, valued at $2.18M, up from 8,821 at the end of the previous reported quarter. Allen Investment Management Llc who had been investing in United Technologies Corp for a number of months, seems to be bullish on the $108.59B market cap company. The stock decreased 0.76% or $0.97 during the last trading session, reaching $125.92. About 9.69M shares traded or 84.06% up from the average. United Technologies Corporation (NYSE:UTX) has declined 3.50% since March 17, 2018 and is downtrending. It has underperformed by 7.87% the S&P500. Some Historical UTX News: 07/03/2018 – U.S. F-35 fighter modernization could cost $16 bln through 2024; 24/04/2018 – UTX CEO STILL SEES ROCKWELL COLLINS DEAL CLOSE MID-2018; 03/04/2018 – Amazon finishes higher despite Trump’s new threat on shipping rates; 08/03/2018 – BOEING CEO SAYS CONTINUES TO EVALUATE ALL PARTS OF EMBRAER, STUDYING VARIOUS CORPORATE STRUCTURES; 12/03/2018 – Boeing, Caterpillar and United Technologies fell at least 2 percent; 26/03/2018 – Loeb’s Third Point Eyes United Technologies Alongside Ackman; 02/05/2018 – US News: Exclusive: UTC Set to Win EU Approval for $23 Billion Rockwell Collins Deal; 18/05/2018 – United Technologies to Sell Ice Cream-Machine Manufacturer for $1 Billion; 20/03/2018 – UTX: Breaking: Pratt & Whitney will start supplying spare engines for Airbus A320neos to IndiGo from tomorrow. Pratt tells IndiGo grounded planes will fly again in 40 days. Meanwhile, IndiGo has lost more than $600 million in market value this month; 08/03/2018 – Pratt & Whitney Supports India Aviation Skill Development with Newly Certified GTF Engine Courses at Hyderabad Training Center

Allen Investment Management Llc, which manages about $2.32 billion and $2.48B US Long portfolio, decreased its stake in Vanguard Scottsdale Fds (VCSH) by 56,472 shares to 83,370 shares, valued at $6.50 million in 2018Q4, according to the filing. It also reduced its holding in Ishares Tr (EFA) by 7,125 shares in the quarter, leaving it with 13,414 shares, and cut its stake in Johnson & Johnson (NYSE:JNJ).

More notable recent United Technologies Corporation (NYSE:UTX) news were published by: Gurufocus.com which released: “Dodge & Cox Adds to United Technologies, Buys Linde – GuruFocus.com” on February 26, 2019, also Fool.com with their article: “This Billionaire Hedge Fund Manager Says the United Technologies Split Doesn’t Go Far Enough – The Motley Fool” published on February 27, 2019, Foxbusiness.com published: “Expect 2 New Dow Stocks Before 2019 Ends – Fox Business” on March 17, 2019. More interesting news about United Technologies Corporation (NYSE:UTX) were released by: Globenewswire.com and their article: “New Research: Key Drivers of Growth for United Technologies, Southern, Intuit, Cohen & Steers, Briggs & Stratton, and Watts Water Technologies — Factors of Influence, Major Initiatives and Sustained Production – GlobeNewswire” published on February 27, 2019 as well as Wallstreetpr.com‘s news article titled: “Excitement Builds in the Global Conglomerate Space (MMM, IVST, UTX) – WallStreetPR” with publication date: March 14, 2019.

Investors sentiment increased to 1.26 in 2018 Q4. Its up 0.17, from 1.09 in 2018Q3. It increased, as 79 investors sold UTX shares while 472 reduced holdings. 143 funds opened positions while 549 raised stakes. 668.32 million shares or 6.29% more from 628.79 million shares in 2018Q3 were reported. Nomura Asset Management Company, a Japan-based fund reported 176,984 shares. Golub Gru Limited Com reported 0.05% stake. Greenwood Gearhart reported 72,122 shares. Smithfield reported 7,145 shares. Evanson Asset Management Limited Liability reported 2,985 shares or 0.07% of all its holdings. Warren Averett Asset Mgmt Ltd Com has 0.06% invested in United Technologies Corporation (NYSE:UTX). Bailard invested 0.07% of its portfolio in United Technologies Corporation (NYSE:UTX). Moreover, Clearbridge Limited Liability Company has 0.16% invested in United Technologies Corporation (NYSE:UTX). Ronna Sue Cohen holds 0.22% or 2,771 shares in its portfolio. First Quadrant Lp Ca reported 1,336 shares. Armstrong Shaw Associate Ct reported 2,138 shares stake. Soroban Capital Prtnrs Lp invested in 3.74 million shares or 8.36% of the stock. East Coast Asset Mngmt Limited Liability Corporation owns 4,934 shares for 0.16% of their portfolio. California State Teachers Retirement Sys holds 0.34% in United Technologies Corporation (NYSE:UTX) or 1.40M shares. Twin Capital Inc invested in 101,010 shares or 0.61% of the stock.

Since January 30, 2019, it had 0 insider buys, and 3 insider sales for $2.50 million activity. 10,089 shares were sold by Amato Elizabeth B, worth $1.25 million. The insider Bailey Robert J. sold 862 shares worth $104,916.

Since September 26, 2018, it had 0 insider buys, and 3 selling transactions for $13.03 million activity. On Wednesday, September 26 the insider LEE EUGENE I JR sold $6.84M. $164,169 worth of stock was sold by Simon William S on Friday, February 1.

Darden Restaurants, Inc. (NYSE:DRI) Institutional Positions Chart