Broderick Brian C Raised Its Microsoft (MSFT) Position by $566,950; Share Price Rose; As Kroger Co. (KR) Stock Declined, Bartlett & Co Has Trimmed Stake

April 17, 2018 - By Winifred Garcia

The Kroger Co. (NYSE:KR) Logo

Bartlett & Co decreased its stake in Kroger Co. (KR) by 22.58% based on its latest 2017Q4 regulatory filing with the SEC. Bartlett & Co sold 15,120 shares as the company’s stock declined 16.92% with the market. The institutional investor held 51,828 shares of the food chains company at the end of 2017Q4, valued at $1.42M, down from 66,948 at the end of the previous reported quarter. Bartlett & Co who had been investing in Kroger Co. for a number of months, seems to be less bullish one the $20.93 billion market cap company. The stock increased 1.85% or $0.44 during the last trading session, reaching $24.17. About 5.97 million shares traded. The Kroger Co. (NYSE:KR) has declined 18.87% since April 17, 2017 and is downtrending. It has underperformed by 30.42% the S&P500.

Broderick Brian C increased its stake in Microsoft Corp (MSFT) by 14.1% based on its latest 2017Q4 regulatory filing with the SEC. Broderick Brian C bought 6,670 shares as the company’s stock rose 4.63% while stock markets declined. The institutional investor held 53,959 shares of the prepackaged software company at the end of 2017Q4, valued at $4.62M, up from 47,289 at the end of the previous reported quarter. Broderick Brian C who had been investing in Microsoft Corp for a number of months, seems to be bullish on the $725.09 billion market cap company. The stock increased 1.17% or $1.09 during the last trading session, reaching $94.17. About 17.11 million shares traded. Microsoft Corporation (NASDAQ:MSFT) has risen 37.43% since April 17, 2017 and is uptrending. It has outperformed by 25.88% the S&P500.

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

Broderick Brian C, which manages about $273.95 million US Long portfolio, decreased its stake in Bristol (NYSE:BMY) by 7,470 shares to 14,770 shares, valued at $905,000 in 2017Q4, according to the filing. It also reduced its holding in Johnson & Johnson (NYSE:JNJ) by 8,827 shares in the quarter, leaving it with 68,994 shares, and cut its stake in Fiserv (NASDAQ:FISV).

Among 37 analysts covering Microsoft Corporation (NASDAQ:MSFT), 29 have Buy rating, 2 Sell and 6 Hold. Therefore 78% are positive. Microsoft Corporation had 172 analyst reports since July 22, 2015 according to SRatingsIntel. The rating was maintained by Barclays Capital with “Overweight” on Friday, October 23. The firm has “Buy” rating by Oppenheimer given on Friday, July 21. The rating was maintained by Bernstein with “Buy” on Wednesday, September 27. The firm has “Buy” rating by Credit Suisse given on Thursday, April 12. Citigroup maintained the stock with “Sell” rating in Friday, October 27 report. The rating was maintained by Morgan Stanley with “Overweight” on Monday, March 26. The stock has “Buy” rating by Bernstein on Tuesday, December 12. Canaccord Genuity maintained the shares of MSFT in report on Wednesday, September 13 with “Hold” rating. The company was maintained on Monday, November 27 by Piper Jaffray. Tigress Financial maintained Microsoft Corporation (NASDAQ:MSFT) on Wednesday, February 14 with “Buy” rating.

Investors sentiment decreased to 0.77 in 2017 Q4. Its down 0.06, from 0.83 in 2017Q3. It worsened, 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. Retirement Sys Of Alabama holds 2.12% or 5.12 million shares. Bancorp Pictet And Cie (Asia), Singapore-based fund reported 11,311 shares. Koch holds 0.06% or 4,590 shares. Bill Melinda Gates Foundation Tru holds 15.51% or 48.00M shares. Rwc Asset Mngmt Ltd Liability Partnership, United Kingdom-based fund reported 621,995 shares. Lodestar Counsel Ltd Limited Liability Company Il stated it has 433,959 shares. Orleans Cap Mngmt La holds 31,373 shares. Greatmark Invest Partners invested 4.81% in Microsoft Corporation (NASDAQ:MSFT). Hermes Inv Mgmt stated it has 0.96% of its portfolio in Microsoft Corporation (NASDAQ:MSFT). Lincoln holds 123,543 shares. Raab & Moskowitz Asset Management Lc reported 22,484 shares or 0.93% of all its holdings. Fisher Asset Mgmt Ltd holds 1.89% of its portfolio in Microsoft Corporation (NASDAQ:MSFT) for 16.95 million shares. 10,197 are owned by Polaris Greystone Financial Limited. Atlas Browninc stated it has 0.36% in Microsoft Corporation (NASDAQ:MSFT). New York-based Timessquare Cap Management Lc has invested 0.06% in Microsoft Corporation (NASDAQ:MSFT).

Analysts await The Kroger Co. (NYSE:KR) to report earnings on June, 21. They expect $0.63 EPS, up 8.62% or $0.05 from last year’s $0.58 per share. KR’s profit will be $545.57 million for 9.59 P/E if the $0.63 EPS becomes a reality. After $0.63 actual EPS reported by The Kroger Co. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Bartlett & Co, which manages about $3.31B and $2.51B US Long portfolio, upped its stake in Verizon Communications Inc (NYSE:VZ) by 128,182 shares to 730,578 shares, valued at $38.67M in 2017Q4, according to the filing. It also increased its holding in Ishares Core Total U.S. Bond M (AGG) by 4,205 shares in the quarter, for a total of 129,466 shares, and has risen its stake in Vanguard S&P 500 Etf (VOO).

Since December 19, 2017, it had 0 insider buys, and 6 selling transactions for $2.81 million activity. Shares for $1.23 million were sold by DONNELLY MICHAEL JOSEPH on Monday, January 29. $325,292 worth of The Kroger Co. (NYSE:KR) was sold by Clark Robert W. HJELM CHRISTOPHER T sold $446,327 worth of stock.

Microsoft Corporation (NASDAQ:MSFT) Institutional Positions Chart

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By1 Winifred Garcia

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