Dubuque Bank & Trust Company Has Decreased Its Holding in Harris (HRS) by $2.23 Million; As Morgan Stanley (MS) Valuation Rose, Kings Point Capital Management Has Boosted Its Holding

April 19, 2018 - By Nellie Frank

Harris Corporation (NYSE:HRS) Logo

Kings Point Capital Management increased its stake in Morgan Stanley (MS) by 264.72% based on its latest 2017Q4 regulatory filing with the SEC. Kings Point Capital Management bought 19,494 shares as the company’s stock rose 0.82% while stock markets declined. The institutional investor held 26,858 shares of the investment bankers and brokers and service company at the end of 2017Q4, valued at $1.41 million, up from 7,364 at the end of the previous reported quarter. Kings Point Capital Management who had been investing in Morgan Stanley for a number of months, seems to be bullish on the $94.48 billion market cap company. The stock increased 0.04% or $0.02 during the last trading session, reaching $53.26. About 17.52M shares traded or 74.04% up from the average. Morgan Stanley (NYSE:MS) has risen 27.83% since April 19, 2017 and is uptrending. It has outperformed by 16.28% the S&P500.

Dubuque Bank & Trust Company decreased its stake in Harris Corp (HRS) by 47.61% based on its latest 2017Q4 regulatory filing with the SEC. Dubuque Bank & Trust Company sold 15,789 shares as the company’s stock rose 12.31% while stock markets declined. The institutional investor held 17,377 shares of the industrial machinery and components company at the end of 2017Q4, valued at $2.46 million, down from 33,166 at the end of the previous reported quarter. Dubuque Bank & Trust Company who had been investing in Harris Corp for a number of months, seems to be less bullish one the $19.98 billion market cap company. The stock increased 0.79% or $1.32 during the last trading session, reaching $168.28. About 495,615 shares traded. Harris Corporation (NYSE:HRS) has risen 44.73% since April 19, 2017 and is uptrending. It has outperformed by 33.18% the S&P500.

Dubuque Bank & Trust Company, which manages about $660.44M US Long portfolio, upped its stake in Amgen Inc (NASDAQ:AMGN) by 2,355 shares to 90,927 shares, valued at $15.81M in 2017Q4, according to the filing. It also increased its holding in Blackrock Inc (NYSE:BLK) by 1,528 shares in the quarter, for a total of 18,021 shares, and has risen its stake in Texas Instruments (NASDAQ:TXN).

Since February 15, 2018, it had 0 insider buys, and 3 selling transactions for $12.22 million activity. The insider MEHNERT DANA A sold $7.84 million. Another trade for 20,000 shares valued at $3.02M was sold by MIKUEN SCOTT T.

Investors sentiment increased to 1.09 in Q4 2017. Its up 0.10, from 0.99 in 2017Q3. It is positive, as 23 investors sold HRS shares while 207 reduced holdings. 91 funds opened positions while 160 raised stakes. 98.23 million shares or 1.10% less from 99.32 million shares in 2017Q3 were reported. State Of Alaska Department Of Revenue accumulated 0.1% or 29,229 shares. West Oak Lc holds 153 shares or 0.01% of its portfolio. Raab & Moskowitz Asset Mgmt Ltd Com owns 13,313 shares. Pennsylvania Tru has invested 0.06% in Harris Corporation (NYSE:HRS). Meyer Handelman Company has 0.02% invested in Harris Corporation (NYSE:HRS). Alliancebernstein Lp stated it has 207,460 shares or 0.02% of all its holdings. Tiaa Cref Mgmt Ltd Limited Liability Company accumulated 289,099 shares or 0.03% of the stock. Visionary Asset Management Incorporated stated it has 1,542 shares or 0.06% of all its holdings. Brookmont Capital Mgmt reported 2.65% stake. Bowen Hanes And Inc holds 279,940 shares or 1.77% of its portfolio. Guggenheim Capital Ltd Liability Corp has 409,541 shares for 0.14% of their portfolio. Riverhead Capital Lc holds 0.18% of its portfolio in Harris Corporation (NYSE:HRS) for 30,341 shares. Blackrock owns 8.60 million shares for 0.06% of their portfolio. The Illinois-based Citadel Advsr Ltd Liability has invested 0.02% in Harris Corporation (NYSE:HRS). Bowling Port Mgmt Limited Liability Com has 0.13% invested in Harris Corporation (NYSE:HRS) for 7,155 shares.

Analysts await Harris Corporation (NYSE:HRS) to report earnings on May, 2 before the open. They expect $1.62 EPS, up 17.39% or $0.24 from last year’s $1.38 per share. HRS’s profit will be $192.34 million for 25.97 P/E if the $1.62 EPS becomes a reality. After $1.67 actual EPS reported by Harris Corporation for the previous quarter, Wall Street now forecasts -2.99% negative EPS growth.

Among 11 analysts covering Harris (NYSE:HRS), 10 have Buy rating, 0 Sell and 1 Hold. Therefore 91% are positive. Harris had 39 analyst reports since August 10, 2015 according to SRatingsIntel. The stock of Harris Corporation (NYSE:HRS) has “Buy” rating given on Wednesday, June 7 by Cowen & Co. The firm has “Buy” rating given on Wednesday, November 1 by Credit Suisse. On Monday, August 10 the stock rating was upgraded by Barclays Capital to “Equal-Weight”. Goldman Sachs upgraded the stock to “Buy” rating in Tuesday, September 8 report. The stock of Harris Corporation (NYSE:HRS) has “Overweight” rating given on Monday, October 12 by JP Morgan. The stock of Harris Corporation (NYSE:HRS) has “Buy” rating given on Thursday, July 6 by Cowen & Co. Citigroup maintained Harris Corporation (NYSE:HRS) on Wednesday, September 7 with “Buy” rating. The rating was initiated by Jefferies on Thursday, December 17 with “Buy”. The stock has “Market Perform” rating by Cowen & Co on Tuesday, March 15. The firm earned “Buy” rating on Wednesday, January 31 by Credit Suisse.

Investors sentiment increased to 1.1 in Q4 2017. Its up 0.16, from 0.94 in 2017Q3. It improved, as 38 investors sold MS shares while 295 reduced holdings. 111 funds opened positions while 255 raised stakes. 1.51 billion shares or 1.16% less from 1.53 billion shares in 2017Q3 were reported. Marshall Wace Ltd Liability Partnership reported 31,972 shares or 0.07% of all its holdings. Massachusetts-based Boston Advsrs Limited Liability Com has invested 0.21% in Morgan Stanley (NYSE:MS). Eastern Retail Bank accumulated 1.2% or 341,346 shares. Fiduciary has invested 0.13% in Morgan Stanley (NYSE:MS). Beck Mack Oliver Limited Liability Corporation reported 4,105 shares stake. Eaton Vance Mgmt holds 2.59M shares. Strs Ohio stated it has 1.44M shares or 0.32% of all its holdings. Palisade Asset Mgmt Limited Com holds 28,620 shares or 0.24% of its portfolio. Community State Bank Of Raymore accumulated 6,540 shares. Kcm Investment Advsr Ltd Liability Corporation holds 0.19% or 61,732 shares in its portfolio. Moreover, Riggs Asset Managment Commerce has 0% invested in Morgan Stanley (NYSE:MS) for 203 shares. First Manhattan owns 990 shares for 0% of their portfolio. Ww Asset Mgmt reported 0.2% of its portfolio in Morgan Stanley (NYSE:MS). Signaturefd Ltd invested 0.05% in Morgan Stanley (NYSE:MS). Moreover, Pinnacle Ltd has 0.12% invested in Morgan Stanley (NYSE:MS) for 117,129 shares.

Among 30 analysts covering Morgan Stanley (NYSE:MS), 19 have Buy rating, 1 Sell and 10 Hold. Therefore 63% are positive. Morgan Stanley had 100 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Thursday, January 18 by BMO Capital Markets. The firm has “Outperform” rating by RBC Capital Markets given on Wednesday, October 7. Societe Generale downgraded the stock to “Sell” rating in Wednesday, January 13 report. The firm earned “Buy” rating on Tuesday, December 1 by UBS. The rating was downgraded by Credit Suisse to “Hold” on Thursday, January 18. Deutsche Bank upgraded Morgan Stanley (NYSE:MS) on Wednesday, March 29 to “Buy” rating. The stock has “Buy” rating by BMO Capital Markets on Wednesday, August 23. The company was maintained on Wednesday, October 18 by Buckingham Research. The firm earned “Outperform” rating on Wednesday, December 13 by Wood. On Wednesday, October 18 the stock rating was maintained by Barclays Capital with “Equal-Weight”.

Morgan Stanley (NYSE:MS) Institutional Positions Chart

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