Patriot Wealth Management Has Cut By $3.75 Million Its Microsoft (MSFT) Position; Manitowoc Co (MTW)’s Sentiment Is 1.01

December 7, 2017 - By Louis Casey

The Manitowoc Company, Inc. provides engineered lifting equipment for the construction industry worldwide. The company has market cap of $1.38 billion. The firm creates and makes crawler-mounted lattice-boom

cranes under the Manitowoc brand; a line of top-slewing and self-erecting tower cranes under the Potain brand; mobile telescopic cranes under the Grove brand; and a line of hydraulically powered telescopic boom trucks the National Crane brand. It currently has negative earnings. It also provides crane product parts and services; and crane rebuilding, remanufacturing, and training services under the Manitowoc Crane Care brand.

Patriot Wealth Management Inc decreased Microsoft Corp (MSFT) stake by 30.26% reported in 2017Q2 SEC filing. Patriot Wealth Management Inc sold 55,080 shares as Microsoft Corp (MSFT)’s stock rose 4.75%. The Patriot Wealth Management Inc holds 126,953 shares with $8.75 million value, down from 182,033 last quarter. Microsoft Corp now has $637.77B valuation. The stock decreased 0.13% or $0.11 during the last trading session, reaching $82.67. About 483,305 shares traded. Microsoft Corporation (NASDAQ:MSFT) has risen 34.52% since December 7, 2016 and is uptrending. It has outperformed by 17.82% the S&P500.

Patriot Wealth Management Inc increased Ishares Tr S&P 100 Idx Fd (OEF) stake by 5,554 shares to 241,101 valued at $25.77 million in 2017Q2. It also upped Johnson And Johnson Com (NYSE:JNJ) stake by 3,376 shares and now owns 98,561 shares. Standard&Poors Dep Rcpt (SPY) was raised too.

Among 35 analysts covering Microsoft Corporation (NASDAQ:MSFT), 29 have Buy rating, 2 Sell and 4 Hold. Therefore 83% are positive. Microsoft Corporation had 135 analyst reports since July 22, 2015 according to SRatingsIntel. As per Thursday, March 17, the company rating was reinitiated by Oppenheimer. The firm earned “Buy” rating on Friday, January 29 by UBS. The company was maintained on Wednesday, September 27 by Bernstein. The stock of Microsoft Corporation (NASDAQ:MSFT) has “Outperform” rating given on Tuesday, October 31 by Oppenheimer. The rating was upgraded by Argus Research on Tuesday, October 31 to “Buy”. As per Friday, October 23, the company rating was maintained by Stifel Nicolaus. On Friday, August 28 the stock rating was maintained by Global Equities Research with “Overweight”. The stock of Microsoft Corporation (NASDAQ:MSFT) earned “Buy” rating by Tigress Financial on Monday, January 23. UBS maintained the shares of MSFT in report on Thursday, November 9 with “Buy” rating. The company was upgraded on Friday, August 21 by Vetr.

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 $6.63 billion for 24.03 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.

Investors sentiment decreased to 0.82 in 2017 Q2. Its down 0.02, from 0.84 in 2017Q1. It worsened, as 39 investors sold MSFT shares while 982 reduced holdings. 132 funds opened positions while 703 raised stakes. 5.53 billion shares or 0.72% more from 5.49 billion shares in 2017Q1 were reported. Chilton Mgmt Ltd Liability Company holds 191,745 shares. Investmentaktiengesellschaft Fuer Langfristige Investoren Tgv reported 20.7% of its portfolio in Microsoft Corporation (NASDAQ:MSFT). Windward Cap Co Ca, California-based fund reported 11,904 shares. Moody Bancorp Trust Division holds 77,586 shares. Ranger Management LP stated it has 19,880 shares or 6.24% of all its holdings. Park Avenue Ltd Liability accumulated 0.12% or 15,330 shares. 2.66 million were accumulated by M&T State Bank. Whittier Tru Company stated it has 1.67% in Microsoft Corporation (NASDAQ:MSFT). 1.82M are held by Gam Hldgs Ag. Breton Hill Cap Limited reported 0.21% of its portfolio in Microsoft Corporation (NASDAQ:MSFT). Brown Brothers Harriman And stated it has 3.09% of its portfolio in Microsoft Corporation (NASDAQ:MSFT). Keating Investment Counselors Incorporated invested 0.16% in Microsoft Corporation (NASDAQ:MSFT). Chicago Equity Prtnrs Ltd Liability owns 1.97% invested in Microsoft Corporation (NASDAQ:MSFT) for 1.06 million shares. Tiaa Cref Investment Mgmt Limited Liability holds 46.96M shares. Old National Bancorporation In reported 246,700 shares.

The stock decreased 3.01% or $1.22 during the last trading session, reaching $39.28. About 369,929 shares traded. The Manitowoc Company, Inc. (MTW) has risen 0.72% since December 7, 2016 and is uptrending. It has underperformed by 15.98% the S&P500.

Firefly Value Partners Lp holds 5.84% of its portfolio in The Manitowoc Company, Inc. for 8.34 million shares. Rutabaga Capital Management Llc Ma owns 3.05 million shares or 3.43% of their US portfolio. Moreover, Southpoint Capital Advisors Lp has 1.84% invested in the company for 7.75 million shares. The Illinois-based Jhl Capital Group Llc has invested 1.8% in the stock. Van Den Berg Management I Inc, a Texas-based fund reported 1.51 million shares.

Ratings analysis reveals 0 of Manitowoc’s analysts are positive. Out of 3 Wall Street analysts rating Manitowoc, 0 give it “Buy”, 1 “Sell” rating, while 2 recommend “Hold”. The lowest target is $5.0 while the high is $5.25. The stock’s average target of $5.13 is -86.94% below today’s ($39.28) share price. MTW was included in 3 notes of analysts from September 7, 2016. JP Morgan downgraded The Manitowoc Company, Inc. (NYSE:MTW) on Friday, December 9 to “Underweight” rating. The rating was initiated by Deutsche Bank on Wednesday, September 7 with “Hold”. The stock of The Manitowoc Company, Inc. (NYSE:MTW) has “Neutral” rating given on Thursday, October 20 by Seaport Global Securities.


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