Microsoft (MSFT) Shareholder Sns Financial Group Has Cut Position; Legacy Capital Partners Raised Its Position in Starbucks Com (SBUX) by $1.05 Million

April 23, 2018 - By Stephen Andrade

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Legacy Capital Partners Inc increased its stake in Starbucks Corp Com (SBUX) by 320.87% based on its latest 2017Q4 regulatory filing with the SEC. Legacy Capital Partners Inc bought 18,450 shares as the company’s stock rose 0.28% while stock markets declined. The institutional investor held 24,200 shares of the restaurants company at the end of 2017Q4, valued at $1.39M, up from 5,750 at the end of the previous reported quarter. Legacy Capital Partners Inc who had been investing in Starbucks Corp Com for a number of months, seems to be bullish on the $81.53B market cap company. The stock decreased 2.06% or $1.22 during the last trading session, reaching $58. About 10.60 million shares traded. Starbucks Corporation (NASDAQ:SBUX) has risen 0.40% since April 23, 2017 and is uptrending. It has underperformed by 11.15% the S&P500.

Sns Financial Group Llc decreased its stake in Microsoft Corp (MSFT) by 13.39% based on its latest 2017Q4 regulatory filing with the SEC. Sns Financial Group Llc sold 10,775 shares as the company’s stock rose 4.63% while stock markets declined. The institutional investor held 69,681 shares of the prepackaged software company at the end of 2017Q4, valued at $5.96 million, down from 80,456 at the end of the previous reported quarter. Sns Financial Group Llc who had been investing in Microsoft Corp for a number of months, seems to be less bullish one the $731.48B market cap company. The stock decreased 1.15% or $1.11 during the last trading session, reaching $95. About 25.59 million shares traded. Microsoft Corporation (NASDAQ:MSFT) has risen 37.43% since April 23, 2017 and is uptrending. It has outperformed by 25.88% the S&P500.

Investors sentiment decreased to 0.77 in Q4 2017. Its down 0.06, from 0.83 in 2017Q3. It turned 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. 8,602 are held by Thornburg Investment Mngmt. Emerald Advisers Inc Pa accumulated 21,639 shares or 0.07% of the stock. America First Advsrs Lc holds 2,530 shares or 0.07% of its portfolio. Torray, a Maryland-based fund reported 20,124 shares. Highbridge Mngmt Limited invested in 208,100 shares or 0.32% of the stock. Cambridge Group Inc Inc reported 86,354 shares. Fairfield Bush And owns 202,435 shares or 4.77% of their US portfolio. Andra Ap reported 196,654 shares. Qci Asset Mgmt Inc invested 1.65% of its portfolio in Microsoft Corporation (NASDAQ:MSFT). Montrusco Bolton Invests accumulated 129,452 shares. Estabrook Cap accumulated 5.23% or 405,414 shares. Covington Mngmt reported 394,836 shares. First Utd Bankshares Trust has invested 0.5% in Microsoft Corporation (NASDAQ:MSFT). Cim Ltd Liability Corporation stated it has 0.17% of its portfolio in Microsoft Corporation (NASDAQ:MSFT). Nippon Life Americas Inc invested 4.41% in Microsoft Corporation (NASDAQ:MSFT).

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

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 stock of Microsoft Corporation (NASDAQ:MSFT) earned “Buy” rating by Stifel Nicolaus on Tuesday, October 10. Canaccord Genuity maintained Microsoft Corporation (NASDAQ:MSFT) rating on Friday, January 27. Canaccord Genuity has “Hold” rating and $67 target. The rating was maintained by Barclays Capital with “Overweight” on Thursday, January 25. The stock of Microsoft Corporation (NASDAQ:MSFT) has “Buy” rating given on Friday, January 12 by Barclays Capital. The stock of Microsoft Corporation (NASDAQ:MSFT) earned “Buy” rating by Evercore on Friday, December 8. As per Friday, July 21, the company rating was maintained by Raymond James. The firm has “Hold” rating by Canaccord Genuity given on Thursday, July 6. Cowen & Co maintained the shares of MSFT in report on Wednesday, June 14 with “Buy” rating. Credit Suisse maintained Microsoft Corporation (NASDAQ:MSFT) rating on Thursday, January 18. Credit Suisse has “Buy” rating and $115.0 target. The company was upgraded on Thursday, November 17 by Goldman Sachs.

Analysts await Microsoft Corporation (NASDAQ:MSFT) to report earnings on April, 26 after the close. They expect $0.85 earnings per share, up 16.44% or $0.12 from last year’s $0.73 per share. MSFT’s profit will be $6.54 billion for 27.94 P/E if the $0.85 EPS becomes a reality. After $0.96 actual earnings per share reported by Microsoft Corporation for the previous quarter, Wall Street now forecasts -11.46% negative EPS growth.

Sns Financial Group Llc, which manages about $341.17 million and $415.49M US Long portfolio, upped its stake in Vanguard Index Fds (VUG) by 3,627 shares to 68,088 shares, valued at $9.58M in 2017Q4, according to the filing. It also increased its holding in Exxon Mobil Corp (NYSE:XOM) by 31,207 shares in the quarter, for a total of 61,872 shares, and has risen its stake in Vanguard Index Fds (VTI).

Legacy Capital Partners Inc, which manages about $260.53 million and $202.24M US Long portfolio, decreased its stake in Church & Dwight Inc Com (NYSE:CHD) by 7,780 shares to 39,301 shares, valued at $1.97M in 2017Q4, according to the filing.

Among 37 analysts covering Starbucks Corporation (NASDAQ:SBUX), 23 have Buy rating, 0 Sell and 14 Hold. Therefore 62% are positive. Starbucks Corporation had 105 analyst reports since July 28, 2015 according to SRatingsIntel. Piper Jaffray maintained Starbucks Corporation (NASDAQ:SBUX) on Friday, July 28 with “Buy” rating. The firm has “Buy” rating given on Friday, June 16 by Bernstein. The stock of Starbucks Corporation (NASDAQ:SBUX) has “Buy” rating given on Friday, October 30 by UBS. The rating was maintained by Deutsche Bank with “Hold” on Wednesday, November 2. On Monday, May 15 the stock rating was upgraded by Deutsche Bank to “Buy”. Wedbush downgraded the shares of SBUX in report on Thursday, March 29 to “Neutral” rating. The rating was maintained by RBC Capital Markets with “Buy” on Friday, July 28. Goldman Sachs maintained the shares of SBUX in report on Friday, July 22 with “Buy” rating. RBC Capital Markets maintained Starbucks Corporation (NASDAQ:SBUX) rating on Wednesday, October 19. RBC Capital Markets has “Outperform” rating and $64 target. As per Tuesday, October 10, the company rating was maintained by Cowen & Co.

Investors sentiment increased to 1.05 in Q4 2017. Its up 0.08, from 0.97 in 2017Q3. It increased, as 63 investors sold SBUX shares while 449 reduced holdings. 114 funds opened positions while 423 raised stakes. 983.38 million shares or 1.10% more from 972.68 million shares in 2017Q3 were reported. Next Fincl Gru accumulated 7,056 shares or 0.17% of the stock. 22,047 are held by Arete Wealth Limited Liability Co. D L Carlson Invest Inc holds 0.76% or 44,628 shares. Guardian Life Company Of America has invested 0.06% of its portfolio in Starbucks Corporation (NASDAQ:SBUX). Blackrock reported 84.16M shares. Ami Asset Mgmt accumulated 547,678 shares or 2.17% of the stock. Ohio-based Keybank Natl Association Oh has invested 0.34% in Starbucks Corporation (NASDAQ:SBUX). Fosun International invested 0.13% of its portfolio in Starbucks Corporation (NASDAQ:SBUX). Rockefeller Fincl Serv holds 10,454 shares. Palisade Capital Mngmt Limited Company Nj stated it has 0.01% of its portfolio in Starbucks Corporation (NASDAQ:SBUX). Mastrapasqua Asset Mgmt reported 123,848 shares. Fjarde Ap holds 411,915 shares. Raymond James Fincl Service Advsrs Incorporated owns 342,623 shares for 0.12% of their portfolio. Exane Derivatives invested in 0.09% or 9,487 shares. Stock Yards Natl Bank has 240,492 shares.

Since January 31, 2018, it had 0 buys, and 3 insider sales for $13.62 million activity. On Wednesday, January 31 BURROWS CLIFFORD sold $9.28M worth of Starbucks Corporation (NASDAQ:SBUX) or 162,826 shares. WEATHERUP CRAIG sold $3.60 million worth of stock or 59,838 shares.

Microsoft Corporation (NASDAQ:MSFT) Institutional Positions Chart

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By1 Stephen Andrade

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