As Microsoft (MSFT) Market Value Rose, Synovus Financial Has Cut Its Position by $673,400; Wade G W & Has Lowered Its United Parcel Service (UPS) Stake as Market Valuation Declined

February 20, 2018 - By Michael Collier

Synovus Financial Corp decreased its stake in Microsoft Corp (MSFT) by 1.72% based on its latest 2017Q3 regulatory filing with the SEC. Synovus Financial Corp sold 9,100 shares as the company’s stock rose 4.75% with the market. The institutional investor held 520,027 shares of the prepackaged software company at the end of 2017Q3, valued at $38.71 million, down from 529,127 at the end of the previous reported quarter. Synovus Financial Corp who had been investing in Microsoft Corp for a number of months, seems to be less bullish one the $715.12 billion market cap company. The stock increased 0.95% or $0.88 during the last trading session, reaching $92.88. About 15.59 million shares traded. Microsoft Corporation (NASDAQ:MSFT) has risen 34.52% since February 20, 2017 and is uptrending. It has outperformed by 17.82% the S&P500.

Wade G W & Inc decreased its stake in United Parcel Service Inc (UPS) by 3.42% based on its latest 2017Q3 regulatory filing with the SEC. Wade G W & Inc sold 3,242 shares as the company’s stock declined 3.26% while stock markets rallied. The institutional investor held 91,420 shares of the transportation company at the end of 2017Q3, valued at $10.98M, down from 94,662 at the end of the previous reported quarter. Wade G W & Inc who had been investing in United Parcel Service Inc for a number of months, seems to be less bullish one the $90.18B market cap company. The stock decreased 1.34% or $1.43 during the last trading session, reaching $104.97. About 3.50M shares traded. United Parcel Service, Inc. (NYSE:UPS) has risen 2.10% since February 20, 2017 and is uptrending. It has underperformed by 14.60% 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 167 analyst reports since July 22, 2015 according to SRatingsIntel. Macquarie Research initiated Microsoft Corporation (NASDAQ:MSFT) rating on Tuesday, April 26. Macquarie Research has “Neutral” rating and $51 target. The rating was maintained by Bernstein with “Buy” on Wednesday, September 27. The firm earned “Buy” rating on Tuesday, October 31 by Cowen & Co. The rating was maintained by KeyBanc Capital Markets on Sunday, July 16 with “Buy”. The firm has “Buy” rating given on Monday, October 2 by Piper Jaffray. The firm earned “Overweight” rating on Thursday, December 22 by Piper Jaffray. The stock of Microsoft Corporation (NASDAQ:MSFT) has “Buy” rating given on Friday, October 23 by Bank of America. Jefferies maintained it with “Sell” rating and $49.0 target in Thursday, October 26 report. The stock of Microsoft Corporation (NASDAQ:MSFT) earned “Overweight” rating by Barclays Capital on Thursday, January 25. J.P. Morgan maintained it with “Hold” rating and $87.0 target in Thursday, January 25 report.

Synovus Financial Corp, which manages about $5.26B US Long portfolio, upped its stake in Coca Cola Co (NYSE:KO) by 98,284 shares to 9.37 million shares, valued at $421.58 million in 2017Q3, according to the filing. It also increased its holding in Southwest Airls Co (NYSE:LUV) by 7,367 shares in the quarter, for a total of 76,432 shares, and has risen its stake in Texas Instrs Inc (NASDAQ:TXN).

Since August 29, 2017, it had 0 insider purchases, and 2 insider sales for $5.98 million activity. Shares for $4.00M were sold by Hood Amy on Tuesday, August 29.

Investors sentiment increased to 0.83 in 2017 Q3. Its up 0.01, from 0.82 in 2017Q2. It increased, as 40 investors sold MSFT shares while 952 reduced holdings. 114 funds opened positions while 708 raised stakes. 5.51 billion shares or 0.32% less from 5.53 billion shares in 2017Q2 were reported. Burney has 0.65% invested in Microsoft Corporation (NASDAQ:MSFT) for 145,039 shares. Loeb Prns reported 63,520 shares. 5.32M are owned by Stifel Fincl Corp. Livingston Asset Com (Operating As Southport Cap Management) invested 0.32% in Microsoft Corporation (NASDAQ:MSFT). Cincinnati Fincl invested in 3.13% or 925,000 shares. Cornerstone Cap holds 3.72% or 285,293 shares. Moreover, Wealth Architects Limited Com has 0.32% invested in Microsoft Corporation (NASDAQ:MSFT). Security Bank Of Sioux City Iowa Ia reported 26,309 shares stake. Rosenblum Silverman Sutton S F Ca holds 2.66% or 94,111 shares. Everence Management reported 157,119 shares or 2.67% of all its holdings. Legacy Private accumulated 67,466 shares. Appleton Ptnrs Inc Ma stated it has 1.23% of its portfolio in Microsoft Corporation (NASDAQ:MSFT). Epoch Inv Ptnrs holds 3.07% or 12.30 million shares in its portfolio. Court Place Advisors Lc has invested 2.83% of its portfolio in Microsoft Corporation (NASDAQ:MSFT). Jacobus Wealth invested in 32,485 shares or 0.63% of the stock.

Investors sentiment increased to 1.14 in Q3 2017. Its up 0.09, from 1.05 in 2017Q2. It is positive, as 46 investors sold UPS shares while 390 reduced holdings. 104 funds opened positions while 395 raised stakes. 451.38 million shares or 0.77% more from 447.95 million shares in 2017Q2 were reported. Gateway Advisers reported 599,838 shares stake. First Merchants holds 0.33% or 15,686 shares in its portfolio. Lansdowne Ptnrs (Uk) Llp holds 0.03% or 27,492 shares in its portfolio. 98,076 are owned by Benin Management. Capwealth Advsr Limited Liability Company holds 1.59% of its portfolio in United Parcel Service, Inc. (NYSE:UPS) for 68,729 shares. Mirae Asset Glob Invests invested in 0.12% or 52,935 shares. Ray Gerald L Associate Ltd invested in 0.08% or 5,416 shares. 5,623 were accumulated by Monroe Bancshares Mi. D E Shaw And holds 0.02% or 115,867 shares in its portfolio. 15,301 were reported by Naples Global Advisors Ltd Liability Com. Avalon Advisors Ltd Liability Corp reported 0.58% in United Parcel Service, Inc. (NYSE:UPS). Bessemer invested in 29,754 shares. Illinois-based Balyasny Asset Management Limited Liability Com has invested 0.12% in United Parcel Service, Inc. (NYSE:UPS). Pacific Mgmt stated it has 15,101 shares. Private Na stated it has 5,233 shares.

Among 24 analysts covering United Parcel Service (NYSE:UPS), 10 have Buy rating, 1 Sell and 13 Hold. Therefore 42% are positive. United Parcel Service had 66 analyst reports since July 29, 2015 according to SRatingsIntel. The stock has “Hold” rating by BMO Capital Markets on Thursday, June 1. The rating was maintained by Stephens with “Hold” on Monday, January 8. BMO Capital Markets maintained the shares of UPS in report on Wednesday, July 5 with “Hold” rating. The stock of United Parcel Service, Inc. (NYSE:UPS) has “Equal Weight” rating given on Wednesday, February 1 by Barclays Capital. As per Tuesday, August 8, the company rating was upgraded by Citigroup. The firm has “Hold” rating by Stephens given on Thursday, February 1. As per Tuesday, February 23, the company rating was reinitiated by Morgan Stanley. The firm earned “Hold” rating on Sunday, February 11 by Robert W. Baird. The rating was initiated by Deutsche Bank with “Hold” on Wednesday, November 2. As per Thursday, November 30, the company rating was maintained by BMO Capital Markets.

Wade G W & Inc, which manages about $4.63B and $824.29 million US Long portfolio, upped its stake in Powershares Etf Trust (PFM) by 15,000 shares to 27,473 shares, valued at $676,000 in 2017Q3, according to the filing. It also increased its holding in Ishares Tr (LQD) by 14,423 shares in the quarter, for a total of 104,688 shares, and has risen its stake in Vanguard Tax Managed Intl Fd (VEA).

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