As Microsoft (MSFT) Market Value Rose, Halbert Hargrove Russell Has Raised Stake by $348,755; Cibc Asset Management Has Lowered Magna Intl (MGA) Position by $153.25 Million

April 21, 2018 - By Michael Collier

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Cibc Asset Management Inc decreased its stake in Magna Intl Inc (MGA) by 71.53% based on its latest 2017Q4 regulatory filing with the SEC. Cibc Asset Management Inc sold 2.74M shares as the company’s stock declined 4.65% with the market. The institutional investor held 1.09M shares of the capital goods company at the end of 2017Q4, valued at $61.98 million, down from 3.83 million at the end of the previous reported quarter. Cibc Asset Management Inc who had been investing in Magna Intl Inc for a number of months, seems to be less bullish one the $20.34 billion market cap company. The stock increased 0.86% or $0.5 during the last trading session, reaching $58.97. About 949,483 shares traded. Magna International Inc. (NYSE:MGA) has risen 26.62% since April 21, 2017 and is uptrending. It has outperformed by 15.07% the S&P500.

Halbert Hargrove Russell Llc increased its stake in Microsoft Corp (MSFT) by 32.15% based on its latest 2017Q4 regulatory filing with the SEC. Halbert Hargrove Russell Llc bought 4,103 shares as the company’s stock rose 4.63% while stock markets declined. The institutional investor held 16,865 shares of the prepackaged software company at the end of 2017Q4, valued at $1.44M, up from 12,762 at the end of the previous reported quarter. Halbert Hargrove Russell Llc who had been investing in Microsoft Corp for a number of months, seems to be bullish on 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 21, 2017 and is uptrending. It has outperformed by 25.88% the S&P500.

Among 15 analysts covering Magna International (NYSE:MGA), 9 have Buy rating, 2 Sell and 4 Hold. Therefore 60% are positive. Magna International had 56 analyst reports since August 6, 2015 according to SRatingsIntel. The firm has “Neutral” rating by Macquarie Research given on Wednesday, November 9. The firm has “Sell” rating by Goldman Sachs given on Monday, October 16. The company was upgraded on Monday, January 25 by Citigroup. The company was maintained on Thursday, June 22 by BMO Capital Markets. The rating was upgraded by TD Securities to “Buy” on Friday, May 12. The rating was maintained by TD Securities on Monday, October 16 with “Buy”. The firm has “Hold” rating given on Friday, January 13 by TD Securities. RBC Capital Markets maintained the shares of MGA in report on Friday, July 21 with “Buy” rating. The rating was downgraded by Zacks to “Hold” on Thursday, August 6. The company was maintained on Thursday, January 14 by RBC Capital Markets.

Analysts await Magna International Inc. (NYSE:MGA) to report earnings on May, 10. They expect $1.68 earnings per share, up 9.80% or $0.15 from last year’s $1.53 per share. MGA’s profit will be $579.35 million for 8.78 P/E if the $1.68 EPS becomes a reality. After $1.57 actual earnings per share reported by Magna International Inc. for the previous quarter, Wall Street now forecasts 7.01% EPS growth.

Cibc Asset Management Inc, which manages about $16.35B US Long portfolio, upped its stake in Applied Matls Inc (NASDAQ:AMAT) by 43,840 shares to 188,671 shares, valued at $9.65M in 2017Q4, according to the filing. It also increased its holding in Shaw Communications Inc (NYSE:SJR) by 748,756 shares in the quarter, for a total of 7.95M shares, and has risen its stake in Grifols S A (NASDAQ:GRFS).

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. BMO Capital Markets maintained the shares of MSFT in report on Friday, October 21 with “Outperform” rating. Citigroup upgraded Microsoft Corporation (NASDAQ:MSFT) on Friday, January 27 to “Neutral” rating. Raymond James maintained Microsoft Corporation (NASDAQ:MSFT) rating on Friday, July 21. Raymond James has “Buy” rating and $8400 target. The firm has “Buy” rating by Stifel Nicolaus given on Friday, July 21. The stock of Microsoft Corporation (NASDAQ:MSFT) earned “Buy” rating by Barclays Capital on Friday, October 27. The stock has “Overweight” rating by Piper Jaffray on Tuesday, November 10. As per Wednesday, January 11, the company rating was initiated by Wells Fargo. The rating was maintained by Credit Suisse with “Buy” on Monday, August 7. The firm has “Buy” rating by William Blair given on Wednesday, March 21. On Tuesday, December 12 the stock rating was maintained by Bernstein with “Buy”.

Investors sentiment decreased to 0.77 in Q4 2017. Its down 0.06, from 0.83 in 2017Q3. It dropped, 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. Mendel Money Mngmt has 60,080 shares. Armstrong Shaw Assoc Inc Ct reported 4.83% of its portfolio in Microsoft Corporation (NASDAQ:MSFT). Da Davidson & accumulated 893,069 shares. Hartwell J M Partnership has 6.92% invested in Microsoft Corporation (NASDAQ:MSFT) for 430,839 shares. Wedge Capital Mgmt L Lp Nc reported 8,023 shares stake. Stack Financial Management has 558,949 shares for 4.81% of their portfolio. 15,751 were reported by Diker Mngmt. Chatham Cap Gru Inc owns 5,201 shares for 0.12% of their portfolio. Cannell Peter B & Inc owns 1.18M shares for 3.47% of their portfolio. Waldron LP has 30,017 shares for 0.6% of their portfolio. Aviance Prtn Limited Liability Corporation has invested 0.67% of its portfolio in Microsoft Corporation (NASDAQ:MSFT). Valmark Advisers holds 12,441 shares or 0.02% of its portfolio. Moreover, Olstein Cap Ltd Partnership has 1.09% invested in Microsoft Corporation (NASDAQ:MSFT) for 100,000 shares. Burt Wealth Advisors invested in 10,540 shares. Mutual Of America Capital Mngmt Ltd Llc invested in 1.11 million shares or 1.44% of the stock.

Microsoft Corporation (NASDAQ:MSFT) Institutional Positions Chart

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