Microsoft Corp (MSFT) Stock Price Rose While Franklin Resources INC Has Trimmed Stake

July 14, 2018 - By Kristen Paramore

Microsoft Corporation (NASDAQ:MSFT) LogoInvestors sentiment decreased to 0.74 in 2018 Q1. Its down 0.03, from 0.77 in 2017Q4. It fall, as 49 investors sold MSFT shares while 1035 reduced holdings. 142 funds opened positions while 665 raised stakes. 5.38 billion shares or 1.45% less from 5.46 billion shares in 2017Q4 were reported. Timber Creek Capital Mngmt Ltd Llc invested in 3.22% or 55,904 shares. Wilbanks Smith & Thomas Asset Mgmt Limited Liability owns 133,645 shares. Rowland And Communication Counsel Adv owns 70,440 shares for 0% of their portfolio. Great Lakes Ltd has 0.92% invested in Microsoft Corporation (NASDAQ:MSFT). Lederer & Counsel Ca owns 2.93% invested in Microsoft Corporation (NASDAQ:MSFT) for 35,539 shares. Element Limited Liability owns 1.57% invested in Microsoft Corporation (NASDAQ:MSFT) for 733,302 shares. Parsec Inc invested in 488,886 shares. Diker Mgmt Lc has 0.47% invested in Microsoft Corporation (NASDAQ:MSFT) for 15,351 shares. California Pub Employees Retirement System has invested 2.33% of its portfolio in Microsoft Corporation (NASDAQ:MSFT). Moreover, Wellington Shields And Ltd Com has 2.18% invested in Microsoft Corporation (NASDAQ:MSFT). Nicholas Inv Ptnrs Lp invested 0.33% in Microsoft Corporation (NASDAQ:MSFT). Fiduciary, a Massachusetts-based fund reported 961,903 shares. Stillwater Investment Mngmt Lc owns 0.28% invested in Microsoft Corporation (NASDAQ:MSFT) for 7,135 shares. Horizon Kinetics Limited Liability holds 18,779 shares. Capital Counsel Limited Liability Corporation New York accumulated 12,948 shares.

Since February 16, 2018, it had 1 buy, and 4 insider sales for $1.39 million activity. 5,400 Microsoft Corporation (NASDAQ:MSFT) shares with value of $550,606 were bought by PETERSON SANDRA E.

Franklin Resources Inc decreased its stake in Microsoft Corp (MSFT) by 10.85% based on its latest 2018Q1 regulatory filing with the SEC. Franklin Resources Inc sold 6.41 million shares as the company’s stock rose 3.08% while stock markets declined. The institutional investor held 52.64 million shares of the prepackaged software company at the end of 2018Q1, valued at $4.80 billion, down from 59.04M at the end of the previous reported quarter. Franklin Resources Inc who had been investing in Microsoft Corp for a number of months, seems to be less bullish one the $810.04 billion market cap company. The stock increased 1.19% or $1.24 during the last trading session, reaching $105.43. About 24.41 million shares traded. Microsoft Corporation (NASDAQ:MSFT) has risen 41.28% since July 14, 2017 and is uptrending. It has outperformed by 28.71% the S&P500.

Franklin Resources Inc, which manages about $197.26B US Long portfolio, upped its stake in Raytheon Co (NYSE:RTN) by 40,511 shares to 2.89M shares, valued at $624.08 million in 2018Q1, according to the filing. It also increased its holding in Synopsys Inc (NASDAQ:SNPS) by 150,032 shares in the quarter, for a total of 361,878 shares, and has risen its stake in Becton Dickinson & Co.

Analysts await Microsoft Corporation (NASDAQ:MSFT) to report earnings on July, 19 after the close. They expect $1.08 earnings per share, up 10.20 % or $0.10 from last year’s $0.98 per share. MSFT’s profit will be $8.30B for 24.41 P/E if the $1.08 EPS becomes a reality. After $0.95 actual earnings per share reported by Microsoft Corporation for the previous quarter, Wall Street now forecasts 13.68 % EPS growth.

More notable recent Microsoft Corporation (NASDAQ:MSFT) news were published by: Fool.com which released: “Microsoft Corporation Earnings: 2 Key Areas to Watch” on July 12, 2018, also 247Wallst.com with their article: “Microsoft Hits $800 Billion Market Cap” published on July 12, 2018, Fool.com published: “Better Buy: Microsoft Corporation (MSFT) vs. Alphabet (GOOG)” on July 03, 2018. More interesting news about Microsoft Corporation (NASDAQ:MSFT) were released by: Seekingalpha.com and their article: “Microsoft’s Unfettered Growth” published on July 10, 2018 as well as Seekingalpha.com‘s news article titled: “Microsoft: Valuation Update, Part 2” with publication date: June 29, 2018.

Microsoft Corporation (NASDAQ:MSFT) Ratings Coverage

Among 25 analysts covering Microsoft Corp (NASDAQ:MSFT), 23 have Buy rating, 1 Sell and 1 Hold. Therefore 92% are positive. Microsoft Corp has $130 highest and $62.0 lowest target. $107.48’s average target is 1.94% above currents $105.43 stock price. Microsoft Corp had 54 analyst reports since January 18, 2018 according to SRatingsIntel. Jefferies maintained it with “Sell” rating and $62.0 target in Thursday, February 1 report. On Thursday, February 1 the stock rating was maintained by KeyBanc Capital Markets with “Overweight”. The rating was maintained by William Blair with “Buy” on Wednesday, March 21. The firm earned “Buy” rating on Wednesday, June 6 by Argus Research. Tigress Financial maintained the shares of MSFT in report on Wednesday, February 14 with “Buy” rating. The rating was maintained by Morgan Stanley on Friday, February 2 with “Overweight”. As per Friday, April 27, the company rating was maintained by Barclays Capital. Barclays Capital maintained Microsoft Corporation (NASDAQ:MSFT) rating on Thursday, January 25. Barclays Capital has “Overweight” rating and $100 target. The firm has “Overweight” rating given on Monday, March 26 by Morgan Stanley. The rating was maintained by RBC Capital Markets on Friday, May 11 with “Buy”.

Microsoft Corporation (NASDAQ:MSFT) Institutional Positions Chart

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