Creative Planning Boosted Its Corning (GLW) Stake; Microsoft (MSFT) Stock Price Rose While Summit Financial Wealth Advisors Has Trimmed Position

April 26, 2018 - By Adrian Mccoy

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Summit Financial Wealth Advisors Llc decreased its stake in Microsoft Corp (MSFT) by 18.78% based on its latest 2017Q4 regulatory filing with the SEC. Summit Financial Wealth Advisors Llc sold 4,042 shares as the company’s stock rose 4.63% while stock markets declined. The institutional investor held 17,476 shares of the prepackaged software company at the end of 2017Q4, valued at $1.50M, down from 21,518 at the end of the previous reported quarter. Summit Financial Wealth Advisors Llc who had been investing in Microsoft Corp for a number of months, seems to be less bullish one the $728.32B market cap company. The stock increased 2.47% or $2.28 during the last trading session, reaching $94.59. About 15.08M shares traded. Microsoft Corporation (NASDAQ:MSFT) has risen 37.43% since April 26, 2017 and is uptrending. It has outperformed by 25.88% the S&P500.

Creative Planning increased its stake in Corning Inc (GLW) by 19.4% based on its latest 2017Q4 regulatory filing with the SEC. Creative Planning bought 29,264 shares as the company’s stock declined 14.33% with the market. The institutional investor held 180,072 shares of the telecommunications equipment company at the end of 2017Q4, valued at $5.76M, up from 150,808 at the end of the previous reported quarter. Creative Planning who had been investing in Corning Inc for a number of months, seems to be bullish on the $22.88 billion market cap company. The stock decreased 0.44% or $0.12 during the last trading session, reaching $26.94. About 2.57 million shares traded. Corning Incorporated (NYSE:GLW) has risen 1.20% since April 26, 2017 and is uptrending. It has underperformed by 10.35% the S&P500.

Since February 16, 2018, it had 0 insider buys, and 3 selling transactions for $930,912 activity.

Summit Financial Wealth Advisors Llc, which manages about $360.13M and $290.99M US Long portfolio, upped its stake in Western Asset Intm Muni Fd I (SBI) by 37,300 shares to 119,040 shares, valued at $1.11 million in 2017Q4, according to the filing. It also increased its holding in Garmin Ltd (NASDAQ:GRMN) by 5,816 shares in the quarter, for a total of 68,802 shares, and has risen its stake in Pfizer Inc (NYSE:PFE).

Among 37 analysts covering Microsoft Corporation (NASDAQ:MSFT), 29 have Buy rating, 2 Sell and 6 Hold. Therefore 78% are positive. Microsoft Corporation had 174 analyst reports since July 22, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Tuesday, January 23 by Stifel Nicolaus. The stock of Microsoft Corporation (NASDAQ:MSFT) earned “Buy” rating by UBS on Friday, October 21. The firm has “Hold” rating given on Friday, August 21 by Vetr. The firm earned “Overweight” rating on Monday, March 26 by Morgan Stanley. KeyBanc Capital Markets maintained the shares of MSFT in report on Sunday, July 16 with “Buy” rating. JP Morgan maintained the shares of MSFT in report on Thursday, January 25 with “Neutral” rating. The rating was maintained by FBN Securities on Wednesday, July 20 with “Outperform”. UBS maintained Microsoft Corporation (NASDAQ:MSFT) on Monday, November 23 with “Buy” rating. The stock has “Buy” rating by UBS on Friday, December 8. On Friday, October 21 the stock rating was upgraded by William Blair to “Outperform”.

Investors sentiment decreased to 0.77 in Q4 2017. Its down 0.06, from 0.83 in 2017Q3. It is negative, as 39 investors sold MSFT shares while 1012 reduced holdings. 134 funds opened positions while 676 raised stakes. 5.46 billion shares or 0.90% less from 5.51 billion shares in 2017Q3 were reported. City has 56,389 shares for 1.53% of their portfolio. First City Mgmt Incorporated holds 34,732 shares or 2.03% of its portfolio. The Manitoba – Canada-based Cardinal Mngmt Inc has invested 1.51% in Microsoft Corporation (NASDAQ:MSFT). Alpha Windward Ltd Com owns 5,213 shares. Schmidt P J Inv Mgmt reported 3% of its portfolio in Microsoft Corporation (NASDAQ:MSFT). South Texas Money Mgmt holds 2.57% or 645,662 shares. Chatham Inc accumulated 5,201 shares or 0.12% of the stock. Millennium Management Lc holds 1.76 million shares. Avalon Advsrs Limited Liability Corporation holds 1.96% or 748,280 shares. Huber Capital Management Ltd Llc holds 533,408 shares. Ruffer Llp holds 1.66% in Microsoft Corporation (NASDAQ:MSFT) or 476,627 shares. Whittier stated it has 1.94% in Microsoft Corporation (NASDAQ:MSFT). Nikko Asset Mngmt Americas owns 0.17% invested in Microsoft Corporation (NASDAQ:MSFT) for 88,100 shares. Amer Money Management owns 64,981 shares. 75,420 are owned by Cypress Group.

Among 18 analysts covering Corning Incorporated (NYSE:GLW), 5 have Buy rating, 2 Sell and 11 Hold. Therefore 28% are positive. Corning Incorporated had 46 analyst reports since July 30, 2015 according to SRatingsIntel. The rating was initiated by Wells Fargo with “Market Perform” on Wednesday, December 21. Bank of America upgraded Corning Incorporated (NYSE:GLW) on Tuesday, January 24 to “Neutral” rating. The stock of Corning Incorporated (NYSE:GLW) has “Neutral” rating given on Friday, March 9 by Citigroup. Barclays Capital maintained the stock with “Overweight” rating in Tuesday, September 29 report. Guggenheim initiated it with “Buy” rating and $28 target in Wednesday, January 4 report. The rating was initiated by Citigroup with “Buy” on Monday, June 20. RBC Capital Markets maintained the shares of GLW in report on Wednesday, October 28 with “Outperform” rating. The firm has “Neutral” rating by Goldman Sachs given on Tuesday, March 14. The firm has “Neutral” rating by Citigroup given on Thursday, January 25. Guggenheim maintained it with “Buy” rating and $35.0 target in Tuesday, December 12 report.

Creative Planning, which manages about $13.73B and $23.21B US Long portfolio, decreased its stake in Spdr Series Trust (SDY) by 18,781 shares to 71,306 shares, valued at $6.74M in 2017Q4, according to the filing. It also reduced its holding in Sandstorm Gold Ltd (NYSEMKT:SAND) by 76,267 shares in the quarter, leaving it with 189,415 shares, and cut its stake in Andeavor.

Investors sentiment increased to 0.84 in 2017 Q4. Its up 0.09, from 0.75 in 2017Q3. It is positive, as 41 investors sold GLW shares while 340 reduced holdings. 86 funds opened positions while 234 raised stakes. 598.30 million shares or 2.01% less from 610.60 million shares in 2017Q3 were reported. 52,834 were reported by Moors Cabot. Atria Invests Ltd Com has 0.03% invested in Corning Incorporated (NYSE:GLW) for 20,322 shares. Millennium Mgmt Ltd Liability Corporation, New York-based fund reported 522,099 shares. Solaris Asset Mngmt Ltd owns 28,615 shares or 0.52% of their US portfolio. First Advsrs LP invested in 0.17% or 2.30M shares. 29,419 are owned by Patten. Moreover, Virtu Fincl Limited Liability has 0.03% invested in Corning Incorporated (NYSE:GLW). Lmr Prtnrs Limited Liability Partnership holds 22,347 shares. Covenant Multifamily Offices has invested 2.19% in Corning Incorporated (NYSE:GLW). Virtus Inv Advisers Inc holds 0.53% of its portfolio in Corning Incorporated (NYSE:GLW) for 316,668 shares. Loring Wolcott & Coolidge Fiduciary Advsrs Ltd Liability Partnership Ma reported 370,545 shares. Walter And Keenan Consulting Mi Adv reported 9,460 shares. Amundi Pioneer Asset Management holds 299,496 shares. Klingenstein Fields & Limited holds 16,506 shares. 180,218 were accumulated by Carret Asset Management Lc.

Microsoft Corporation (NASDAQ:MSFT) Institutional Positions Chart

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