Microsoft (MSFT) Market Value Rose While Bar Harbor Trust Services Has Decreased Its Position by $359,936; Edgepoint Investment Group Has Lifted Its Wells Fargo & Co New (WFC) Holding by $51.04 Million

January 23, 2018 - By Louis Casey

Bar Harbor Trust Services decreased its stake in Microsoft Corp (MSFT) by 2.95% based on its latest 2017Q3 regulatory filing with the SEC. Bar Harbor Trust Services sold 4,864 shares as the company’s stock rose 4.75% with the market. The institutional investor held 159,739 shares of the prepackaged software company at the end of 2017Q3, valued at $11.90 million, down from 164,603 at the end of the previous reported quarter. Bar Harbor Trust Services who had been investing in Microsoft Corp for a number of months, seems to be less bullish one the $708.97B market cap company. The stock increased 0.32% or $0.29 during the last trading session, reaching $91.9. About 18.78 million shares traded. Microsoft Corporation (NASDAQ:MSFT) has risen 34.52% since January 23, 2017 and is uptrending. It has outperformed by 17.82% the S&P500.

Edgepoint Investment Group Inc increased its stake in Wells Fargo & Co New (WFC) by 9.16% based on its latest 2017Q3 regulatory filing with the SEC. Edgepoint Investment Group Inc bought 927,971 shares as the company’s stock declined 8.66% while stock markets rallied. The institutional investor held 11.06M shares of the major banks company at the end of 2017Q3, valued at $610.15M, up from 10.14 million at the end of the previous reported quarter. Edgepoint Investment Group Inc who had been investing in Wells Fargo & Co New for a number of months, seems to be bullish on the $315.46 billion market cap company. The stock decreased 0.37% or $0.24 during the last trading session, reaching $64.49. About 10.55 million shares traded. Wells Fargo & Company (NYSE:WFC) has risen 9.67% since January 23, 2017 and is uptrending. It has underperformed by 7.03% the S&P500.

Since August 4, 2017, it had 0 insider buys, and 3 insider sales for $513.86 million activity. 26,763 shares were sold by COURTOIS JEAN PHILIPPE, worth $1.98M on Wednesday, August 30. Morfit G Mason also sold $507.89 million worth of Microsoft Corporation (NASDAQ:MSFT) shares.

Bar Harbor Trust Services, which manages about $188.12 million US Long portfolio, upped its stake in General Elec Co (NYSE:GE) by 231,339 shares to 249,399 shares, valued at $6.03 million in 2017Q3, according to the filing.

Analysts await Microsoft Corporation (NASDAQ:MSFT) to report earnings on January, 25. They expect $0.86 EPS, up 3.61% or $0.03 from last year’s $0.83 per share. MSFT’s profit will be $6.63B for 26.72 P/E if the $0.86 EPS becomes a reality. After $0.84 actual EPS reported by Microsoft Corporation for the previous quarter, Wall Street now forecasts 2.38% EPS growth.

Among 35 analysts covering Microsoft Corporation (NASDAQ:MSFT), 29 have Buy rating, 2 Sell and 4 Hold. Therefore 83% are positive. Microsoft Corporation had 145 analyst reports since July 22, 2015 according to SRatingsIntel. Jefferies maintained the stock with “Underperform” rating in Friday, January 29 report. Oppenheimer maintained Microsoft Corporation (NASDAQ:MSFT) on Wednesday, December 20 with “Buy” rating. Piper Jaffray maintained the shares of MSFT in report on Wednesday, January 3 with “Buy” rating. The rating was maintained by Piper Jaffray on Friday, October 27 with “Buy”. The firm earned “Buy” rating on Friday, August 7 by Oppenheimer. The stock has “Outperform” rating by BMO Capital Markets on Friday, October 21. On Tuesday, July 19 the stock rating was initiated by William Blair with “Market Perform”. FBR Capital maintained it with “Outperform” rating and $60 target in Friday, October 23 report. UBS maintained the stock with “Buy” rating in Friday, January 19 report. The firm has “Neutral” rating given on Friday, January 27 by Citigroup.

Investors sentiment increased to 0.83 in 2017 Q3. Its up 0.01, from 0.82 in 2017Q2. It increased, as 40 investors sold MSFT shares while 952 reduced holdings. 114 funds opened positions while 708 raised stakes. 5.51 billion shares or 0.32% less from 5.53 billion shares in 2017Q2 were reported. Hollencrest Lc invested in 58,087 shares. State Board Of Administration Of Florida Retirement System accumulated 10.84 million shares or 2.2% of the stock. Anchor Cap Advisors Llc reported 348,252 shares or 0.93% of all its holdings. Bb&T has invested 1.55% in Microsoft Corporation (NASDAQ:MSFT). Aviance Capital Mngmt Limited Liability Company has 17,813 shares. Stevens Mgmt Ltd Partnership has invested 0.28% in Microsoft Corporation (NASDAQ:MSFT). Waddell Reed Fincl holds 21.07 million shares. Blue Financial Cap owns 2.75% invested in Microsoft Corporation (NASDAQ:MSFT) for 60,142 shares. Vertex One Asset Mngmt Inc has invested 0.11% in Microsoft Corporation (NASDAQ:MSFT). Gulf Int Comml Bank (Uk) invested in 2.33% or 2.32 million shares. Mark Sheptoff Finance Planning Ltd Liability has invested 1.21% of its portfolio in Microsoft Corporation (NASDAQ:MSFT). Affinity Inv Advsrs Limited Liability Company owns 0.05% invested in Microsoft Corporation (NASDAQ:MSFT) for 6,300 shares. Scotia Capital Inc reported 0.93% in Microsoft Corporation (NASDAQ:MSFT). Nokota Mngmt Lp, New York-based fund reported 747,830 shares. Cidel Asset Management Incorporated invested in 1.07% or 319,073 shares.

Investors sentiment decreased to 0.73 in 2017 Q3. Its down 0.15, from 0.88 in 2017Q2. It worsened, as 92 investors sold WFC shares while 725 reduced holdings. 103 funds opened positions while 495 raised stakes. 3.65 billion shares or 0.40% less from 3.66 billion shares in 2017Q2 were reported. Headinvest Limited Liability reported 6,978 shares or 0.12% of all its holdings. Prudential reported 12.50 million shares. Fort Washington Invest Advsr Oh accumulated 0.37% or 437,461 shares. Bancshares Of Nova Scotia reported 0.29% of its portfolio in Wells Fargo & Company (NYSE:WFC). Dana Investment Advisors has invested 0.12% in Wells Fargo & Company (NYSE:WFC). Regentatlantic Capital Limited Liability Corporation accumulated 60,518 shares. Sandy Spring Bancorporation has invested 0.24% in Wells Fargo & Company (NYSE:WFC). Central Retail Bank And, a Kentucky-based fund reported 763 shares. Cs Mckee Lp invested in 2.3% or 538,624 shares. New Jersey Better Educational Savings holds 1.44% or 31,000 shares in its portfolio. Quantbot L P, New York-based fund reported 175,852 shares. Moreover, Vestor Lc has 0.14% invested in Wells Fargo & Company (NYSE:WFC) for 11,407 shares. 46,164 were accumulated by Greenleaf Tru. Fny Managed Accounts Lc holds 0% or 60 shares in its portfolio. Tokio Marine Asset Management reported 77,751 shares or 0.65% of all its holdings.

Edgepoint Investment Group Inc, which manages about $6.69 billion US Long portfolio, decreased its stake in Service Corp Intl (NYSE:SCI) by 3.85M shares to 3.85M shares, valued at $132.71M in 2017Q3, according to the filing. It also reduced its holding in Ubiquiti Networks Inc (NASDAQ:UBNT) by 197,208 shares in the quarter, leaving it with 6.13M shares, and cut its stake in Anthem Inc (NYSE:ANTM).

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