Microsoft (MSFT) Share Price Rose While Muhlenkamp & Co Has Lowered by $6.01 Million Its Stake; Baystate Wealth Management Cut Holding in Bp Plc Sponsored Adr (BP) by $1.65 Million

June 19, 2018 - By Louis Casey

BP p.l.c. (NYSE:BP) Logo

Baystate Wealth Management Llc decreased its stake in Bp Plc Sponsored Adr (BP) by 99.94% based on its latest 2018Q1 regulatory filing with the SEC. Baystate Wealth Management Llc sold 3,300 shares as the company’s stock rose 10.08% while stock markets declined. The institutional investor held 2 shares of the integrated oil company at the end of 2018Q1, valued at $1,000, down from 3,302 at the end of the previous reported quarter. Baystate Wealth Management Llc who had been investing in Bp Plc Sponsored Adr for a number of months, seems to be less bullish one the $151.32 billion market cap company. The stock decreased 0.44% or $0.2 during the last trading session, reaching $45.15. About 4.58M shares traded. BP p.l.c. (NYSE:BP) has risen 21.84% since June 19, 2017 and is uptrending. It has outperformed by 9.27% the S&P500. Some Historical BP News: 24/04/2018 – BP CEO DUDLEY SAYS HAS ‘VERY STRONG’ PARTNERSHIP WITH RUSSIA’S ROSNEFT, STAYS OUT OF POLITICS; 15/03/2018 – AKER BP ASA AKERBP.OL – INTEREST WILL BE PAYABLE SEMI-ANNUALLY. OFFERING IS EXPECTED TO CLOSE ON OR ABOUT MARCH 22, 2018; 10/04/2018 – BP: OIL PLAYS IMPORTANT PART OF FUTURE IN MOST SCENARIOS; 20/03/2018 – BP Appoints Susan Dio Chairman, President of BP America; 21/05/2018 – BP latest to ink LNG supply deal with Venture Global; 10/04/2018 – BP PLC BP.L – BP LAUNCHES ITS FIRST BATTERY STORAGE PROJECT AT U.S. WIND FARM; 22/05/2018 – BP invests in Israeli fast-charge battery company; 01/05/2018 – BP Raises Possibility of Dividend Boost as Debt Poised to Fall; 07/05/2018 – IRAQ, BP SIGN KIRKUK OILFIELD DEVELOPMENT CONTRACT AT CEREMONY IN BASRA, OIL OFFICIALS SAY; 20/03/2018 – SUSAN DIO NAMED CHAIRMAN & PRESIDENT OF BP AMERICA

Muhlenkamp & Co Inc decreased its stake in Microsoft Corp (MSFT) by 28.86% based on its latest 2018Q1 regulatory filing with the SEC. Muhlenkamp & Co Inc sold 66,041 shares as the company’s stock rose 3.08% while stock markets declined. The institutional investor held 162,821 shares of the prepackaged software company at the end of 2018Q1, valued at $14.86 million, down from 228,862 at the end of the previous reported quarter. Muhlenkamp & Co Inc who had been investing in Microsoft Corp for a number of months, seems to be less bullish one the $774.93B market cap company. It closed at $100.86 lastly. It is down 41.28% since June 19, 2017 and is uptrending. It has outperformed by 28.71% the S&P500. Some Historical MSFT News: 30/04/2018 – MICROSOFT’S THOMPSON: WOULD BACK DEALS TO CONNECT CLOUD, USERS; 23/04/2018 – Slync Appoints Former DHL Global Forwarding Latin America CEO Samuel Israel to Advisory Board; 13/04/2018 – KBRA Releases Macro-Market Research: The EU’s Hungary Drama; 29/03/2018 – MICROSOFT – INVESTING IN STRATEGIES, TOOLS FOR DETECTING & ADDRESSING BIAS IN Al SYSTEMS & IMPLEMENTING NEW REQUIREMENTS ESTABLISHED BY GDPR; 11/04/2018 – WhiteHat Security Announces New Crash Course Series to Strengthen Application Security Expertise Among Developers and Security Practitioners; 21/03/2018 – Quorum Announces the Successful Installation of the First Ford Dealership in the US to use the XSELLERATOR™ DMS; 09/04/2018 – Prodware broadens its analyst coverage with Arrowhead; 07/05/2018 – MSFT: Microsoft 365 sounds like it’s taking over Windows 10 as the operating system, or rather subsuming it as Windows becomes part of the cloud and edge. #MSBuild2018 – ! $MSFT; 06/04/2018 – Dutch Fund Sells Apple, Microsoft, Costco, AT&T — Barrons.com; 17/04/2018 – U.S. Supreme Court rules that Microsoft email privacy dispute is moot

Analysts await BP p.l.c. (NYSE:BP) to report earnings on August, 7. They expect $0.85 earnings per share, up 304.76% or $0.64 from last year’s $0.21 per share. BP’s profit will be $2.85 billion for 13.28 P/E if the $0.85 EPS becomes a reality. After $0.78 actual earnings per share reported by BP p.l.c. for the previous quarter, Wall Street now forecasts 8.97% EPS growth.

More notable recent BP p.l.c. (NYSE:BP) news were published by: Seekingalpha.com which released: “BP: Q1 2018 Earnings Results Analysis” on May 30, 2018, also Seekingalpha.com with their article: “BP: Easy Money Has Been Made” published on May 22, 2018, Investorplace.com published: “Why Gevo, Inc. Stock Soared 262% Yesterday” on June 19, 2018. More interesting news about BP p.l.c. (NYSE:BP) were released by: Bizjournals.com and their article: “Tech company moves headquarters into BP sublease space” published on June 19, 2018 as well as Seekingalpha.com‘s news article titled: “Enbridge adjusts pipeline policy following BP complains” with publication date: June 11, 2018.

Among 30 analysts covering BP (NYSE:BP), 22 have Buy rating, 2 Sell and 6 Hold. Therefore 73% are positive. BP had 63 analyst reports since July 24, 2015 according to SRatingsIntel. The stock has “Hold” rating by Jefferies on Friday, September 11. As per Tuesday, February 13, the company rating was downgraded by Morgan Stanley. The firm has “Buy” rating given on Wednesday, December 21 by UBS. Macquarie Research initiated the stock with “Neutral” rating in Wednesday, September 23 report. As per Wednesday, October 28, the company rating was maintained by Howard Weil. The rating was downgraded by TheStreet to “Hold” on Friday, July 24. The firm has “Buy” rating given on Thursday, December 1 by Independent Research. The firm has “Buy” rating given on Sunday, April 22 by Piper Jaffray. The firm earned “Buy” rating on Tuesday, January 23 by Piper Jaffray. As per Monday, August 7, the company rating was upgraded by PiperJaffray.

Baystate Wealth Management Llc, which manages about $529.70M and $660.42 million US Long portfolio, upped its stake in Ishares Russell Top 200 Growth Etf (IWY) by 9,597 shares to 999,708 shares, valued at $74.60M in 2018Q1, according to the filing. It also increased its holding in Wisdomtree Tr Intl Largecap Divid Fd (DOL) by 8,699 shares in the quarter, for a total of 128,793 shares, and has risen its stake in Accenture Ltd Bermuda Cl A (NYSE:ACN).

Analysts await Microsoft Corporation (NASDAQ:MSFT) to report earnings on July, 19. They expect $1.08 EPS, up 10.20% or $0.10 from last year’s $0.98 per share. MSFT’s profit will be $8.30B for 23.35 P/E if the $1.08 EPS becomes a reality. After $0.95 actual EPS reported by Microsoft Corporation for the previous quarter, Wall Street now forecasts 13.68% EPS growth.

Among 37 analysts covering Microsoft Corporation (NASDAQ:MSFT), 31 have Buy rating, 1 Sell and 5 Hold. Therefore 84% are positive. Microsoft Corporation had 196 analyst reports since July 22, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Friday, October 27 by Barclays Capital. Nomura maintained Microsoft Corporation (NASDAQ:MSFT) rating on Tuesday, April 19. Nomura has “Buy” rating and $36 target. Argus Research upgraded the shares of MSFT in report on Tuesday, October 31 to “Buy” rating. Bernstein maintained the stock with “Buy” rating in Wednesday, November 15 report. The firm earned “Outperform” rating on Wednesday, January 11 by Wells Fargo. The firm has “Buy” rating by Morgan Stanley given on Monday, June 19. On Thursday, November 9 the stock rating was maintained by UBS with “Buy”. As per Thursday, April 12, the company rating was maintained by Credit Suisse. The rating was upgraded by J.P. Morgan to “Buy” on Friday, April 27. The rating was maintained by Citigroup on Friday, October 27 with “Sell”.

Muhlenkamp & Co Inc, which manages about $560.67M and $275.65M US Long portfolio, upped its stake in Gilead Sciences Inc Com (NASDAQ:GILD) by 197,677 shares to 222,377 shares, valued at $16.77 million in 2018Q1, according to the filing. It also increased its holding in Celgene Corp Com (NASDAQ:CELG) by 69,493 shares in the quarter, for a total of 72,493 shares, and has risen its stake in Naspers Ltd Spon Adr Sa.

Since February 16, 2018, it had 1 buy, and 4 selling transactions for $1.39 million activity. PETERSON SANDRA E also bought $550,606 worth of Microsoft Corporation (NASDAQ:MSFT) shares.

More notable recent Microsoft Corporation (NASDAQ:MSFT) news were published by: Seekingalpha.com which released: “Nvidia Appears To Have A GPU Inventory Problem” on June 19, 2018, also Seekingalpha.com with their article: “Can Cloud-Based Growth Sustain Microsoft Going Forward?” published on June 04, 2018, Seekingalpha.com published: “Nvidia: The Rally Might Just Be Getting Started” on June 17, 2018. More interesting news about Microsoft Corporation (NASDAQ:MSFT) were released by: Seekingalpha.com and their article: “Microsoft releases statement on border separations after ICE protests” published on June 18, 2018 as well as Seekingalpha.com‘s news article titled: “For Microsoft The Future Is Now” with publication date: June 13, 2018.

Microsoft Corporation (NASDAQ:MSFT) Institutional Positions Chart

- Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Posts

>