Ballentine Partners Trimmed Fedex (FDX) Stake by $12.15 Million; Stock Price Declined; Route One Investment Company LP Holding in Microsoft (MSFT) Cut by $21.93 Million

April 24, 2018 - By Adrian Erickson

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William Duhamel decreased its stake in Microsoft Corporation (MSFT) by 12.29% based on its latest 2017Q4 regulatory filing with the SEC. Route One Investment Company Lp sold 257,985 shares as the company’s stock rose 4.63% while stock markets declined. The hedge fund run by William Duhamel held 1.84M shares of the prepackaged software company at the end of 2017Q4, valued at $157.42 million, down from 2.10M at the end of the previous reported quarter. Route One Investment Company Lp who had been investing in Microsoft Corporation for a number of months, seems to be less bullish one the $739.84 billion market cap company. The stock increased 0.77% or $0.7351 during the last trading session, reaching $96.0851. About 2.22 million shares traded. Microsoft Corporation (NASDAQ:MSFT) has risen 37.43% since April 24, 2017 and is uptrending. It has outperformed by 25.88% the S&P500.

Ballentine Partners Llc decreased its stake in Fedex Corp (FDX) by 87.88% based on its latest 2017Q4 regulatory filing with the SEC. Ballentine Partners Llc sold 48,785 shares as the company’s stock declined 6.15% with the market. The institutional investor held 6,728 shares of the air freight and delivery services company at the end of 2017Q4, valued at $1.68M, down from 55,513 at the end of the previous reported quarter. Ballentine Partners Llc who had been investing in Fedex Corp for a number of months, seems to be less bullish one the $67.37B market cap company. The stock increased 1.33% or $3.3 during the last trading session, reaching $252.12. About 71,392 shares traded. FedEx Corporation (NYSE:FDX) has risen 25.45% since April 24, 2017 and is uptrending. It has outperformed by 13.90% the S&P500.

Among 37 analysts covering Microsoft Corporation (NASDAQ:MSFT), 29 have Buy rating, 2 Sell and 6 Hold. Therefore 78% are positive. Microsoft Corporation had 173 analyst reports since July 22, 2015 according to SRatingsIntel. The rating was initiated by Piper Jaffray on Thursday, December 22 with “Overweight”. Bank of America maintained the stock with “Buy” rating in Thursday, February 1 report. Cowen & Co maintained Microsoft Corporation (NASDAQ:MSFT) rating on Wednesday, June 14. Cowen & Co has “Buy” rating and $7600 target. The rating was maintained by Stifel Nicolaus with “Buy” on Friday, July 21. The company was maintained on Friday, January 19 by UBS. The rating was maintained by Cowen & Co on Sunday, September 17 with “Buy”. Deutsche Bank maintained it with “Buy” rating and $85 target in Friday, July 21 report. The stock of Microsoft Corporation (NASDAQ:MSFT) has “Outperform” rating given on Friday, October 23 by RBC Capital Markets. The stock has “Buy” rating by UBS on Friday, December 8. RBC Capital Markets maintained Microsoft Corporation (NASDAQ:MSFT) on Wednesday, December 20 with “Buy” rating.

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

Investors sentiment decreased to 0.77 in Q4 2017. Its down 0.06, from 0.83 in 2017Q3. It dived, 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. Carnegie Asset Mgmt Limited Liability stated it has 1.77% in Microsoft Corporation (NASDAQ:MSFT). Lynch & In holds 4.82% or 150,298 shares. Bragg Financial Advsrs stated it has 166,485 shares. Brinker Cap holds 0.42% of its portfolio in Microsoft Corporation (NASDAQ:MSFT) for 127,134 shares. Perkins Coie Trust holds 90,563 shares. Virtu Fincl Limited, New York-based fund reported 107,037 shares. Hillsdale Investment Mgmt Inc stated it has 800 shares. Cornerstone holds 258,400 shares. Ghp Incorporated accumulated 72,480 shares or 0.88% of the stock. Nomura holds 0.3% or 1.97 million shares in its portfolio. 324,745 were reported by Howard Capital. Moreover, Lsv Asset Management has 0.03% invested in Microsoft Corporation (NASDAQ:MSFT) for 191,100 shares. Massachusetts Services Ma holds 0.89% or 24.79M shares. Trust Department Mb Commercial Bank N A reported 0.25% in Microsoft Corporation (NASDAQ:MSFT). State Of Wisconsin Invest Board has invested 2.29% in Microsoft Corporation (NASDAQ:MSFT).

Analysts await Microsoft Corporation (NASDAQ:MSFT) to report earnings on April, 26 after the close. They expect $0.85 EPS, up 16.44% or $0.12 from last year’s $0.73 per share. MSFT’s profit will be $6.54B for 28.26 P/E if the $0.85 EPS becomes a reality. After $0.96 actual EPS reported by Microsoft Corporation for the previous quarter, Wall Street now forecasts -11.46% negative EPS growth.

Route One Investment Company Lp, which manages about $1.78 billion and $4.71B US Long portfolio, upped its stake in Tempur Sealy International Inc. (NYSE:TPX) by 690,000 shares to 2.14 million shares, valued at $134.11M in 2017Q4, according to the filing. It also increased its holding in Fastenal Company (NASDAQ:FAST) by 182,000 shares in the quarter, for a total of 4.33M shares, and has risen its stake in Liberty Global Plc (NASDAQ:LBTYA).

Analysts await FedEx Corporation (NYSE:FDX) to report earnings on June, 19. They expect $5.72 earnings per share, up 34.59% or $1.47 from last year’s $4.25 per share. FDX’s profit will be $1.53 billion for 11.02 P/E if the $5.72 EPS becomes a reality. After $3.72 actual earnings per share reported by FedEx Corporation for the previous quarter, Wall Street now forecasts 53.76% EPS growth.

Investors sentiment increased to 1.21 in Q4 2017. Its up 0.14, from 1.07 in 2017Q3. It is positive, as 45 investors sold FDX shares while 366 reduced holdings. 137 funds opened positions while 361 raised stakes. 193.75 million shares or 3.04% less from 199.84 million shares in 2017Q3 were reported. Sg Americas Securities Ltd Liability Co, a New York-based fund reported 32,984 shares. Credit Agricole S A invested in 0.95% or 57,108 shares. Wilbanks Smith And Thomas Asset Management Ltd Liability Corp holds 0.28% or 14,303 shares. Johnson Finance Group has invested 0.25% of its portfolio in FedEx Corporation (NYSE:FDX). Moreover, Park Avenue Securities Limited Com has 0.12% invested in FedEx Corporation (NYSE:FDX) for 1,815 shares. Everence Capital Mngmt invested in 0.3% or 5,398 shares. Pacific Glob Inv Mngmt Co has 0.49% invested in FedEx Corporation (NYSE:FDX). David R Rahn And Associates owns 1.04% invested in FedEx Corporation (NYSE:FDX) for 4,680 shares. 35,015 were accumulated by Greenwood Gearhart. Pub Employees Retirement Of Ohio holds 0.3% or 245,019 shares. Eastern Savings Bank has 65,204 shares. Ing Groep Nv stated it has 0.06% of its portfolio in FedEx Corporation (NYSE:FDX). Hallmark Cap Management holds 0.11% of its portfolio in FedEx Corporation (NYSE:FDX) for 3,510 shares. Plancorp Limited Liability Corp holds 1,421 shares. Symmetry Peak Mgmt Limited Liability Co reported 0.29% stake.

Among 37 analysts covering FedEx (NYSE:FDX), 26 have Buy rating, 1 Sell and 10 Hold. Therefore 70% are positive. FedEx had 116 analyst reports since August 14, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Wednesday, September 21 by Stifel Nicolaus. The stock has “Buy” rating by Stifel Nicolaus on Thursday, March 17. JP Morgan maintained the shares of FDX in report on Thursday, October 12 with “Overweight” rating. The stock of FedEx Corporation (NYSE:FDX) has “Buy” rating given on Thursday, December 14 by Credit Suisse. UBS upgraded the shares of FDX in report on Friday, January 5 to “Buy” rating. The company was initiated on Wednesday, November 2 by Deutsche Bank. The stock has “Buy” rating by Robert W. Baird on Wednesday, December 20. The firm has “Buy” rating by Stifel Nicolaus given on Thursday, June 2. The rating was downgraded by Zacks on Monday, September 7 to “Sell”. On Wednesday, June 21 the stock rating was maintained by Stephens with “Buy”.

Ballentine Partners Llc, which manages about $4.78 billion and $1.83B US Long portfolio, upped its stake in Facebook Inc (NASDAQ:FB) by 20,644 shares to 21,144 shares, valued at $3.73 million in 2017Q4, according to the filing. It also increased its holding in Spdr S&P 500 Etf Tr (SPY) by 203,896 shares in the quarter, for a total of 273,896 shares, and has risen its stake in Athenahealth Inc (NASDAQ:ATHN).

Microsoft Corporation (NASDAQ:MSFT) Institutional Positions Chart

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