Kensico Capital Management Lowered Microsoft (MSFT) Stake By $53.18 Million; Akzo Nobel N.V. (AKZOY) Covered By 2 Bullish Analysts Last Week

January 13, 2018 - By Michael Collier

Kensico Capital Management Corp decreased Microsoft Corp (MSFT) stake by 9.38% reported in 2017Q3 SEC filing. Kensico Capital Management Corp sold 718,600 shares as Microsoft Corp (MSFT)’s stock rose 4.75%. The Kensico Capital Management Corp holds 6.95M shares with $517.36M value, down from 7.66M last quarter. Microsoft Corp now has $691.23 billion valuation. The stock increased 1.73% or $1.52 during the last trading session, reaching $89.6. About 24.27 million shares traded or 9.17% up from the average. Microsoft Corporation (NASDAQ:MSFT) has risen 34.52% since January 13, 2017 and is uptrending. It has outperformed by 17.82% the S&P500.

Among 3 analysts covering Akzo Nobel N.V. (OTCMKTS:AKZOY), 2 have Buy rating, 1 Sell and 0 Hold. Therefore 67% are positive. Akzo Nobel N.V. had 5 analyst reports since July 27, 2015 according to SRatingsIntel. JP Morgan upgraded Akzo Nobel N.V. (OTCMKTS:AKZOY) on Friday, January 15 to “Overweight” rating. The rating was downgraded by Citigroup to “Neutral” on Monday, July 27. The company was initiated on Friday, September 16 by HSBC. The firm has “Overweight” rating given on Monday, January 18 by JP Morgan. The stock of Akzo Nobel N.V. (OTCMKTS:AKZOY) earned “Buy” rating by Citigroup on Tuesday, October 13. See Akzo Nobel N.V. (OTCMKTS:AKZOY) latest ratings:

Akzo Nobel N.V. produces and sells paints and coatings worldwide. The company has market cap of $23.33 billion. It provides decorative paints, including paints, lacquers, and varnishes; mixing machines, color concepts, and training courses for the building and renovation industry; and specialty coatings for metal, wood, and other building materials. It has a 21.92 P/E ratio. The firm offers its decorative paints under the Coral, Dulux, Flexa, Hammerite, Sadolin and Sikkens brands.

The stock increased 0.77% or $0.235 during the last trading session, reaching $30.895. About 58,722 shares traded. Akzo Nobel N.V. (OTCMKTS:AKZOY) has 0.00% since January 13, 2017 and is . It has underperformed by 16.70% the S&P500.

Since August 4, 2017, it had 0 insider buys, and 3 selling transactions for $513.86 million activity. 55,000 Microsoft Corporation (NASDAQ:MSFT) shares with value of $4.00M were sold by Hood Amy. COURTOIS JEAN PHILIPPE had sold 26,763 shares worth $1.98 million on Wednesday, August 30. Another trade for 7.00M shares valued at $507.89 million was made by Morfit G Mason on Friday, August 4.

Among 35 analysts covering Microsoft Corporation (NASDAQ:MSFT), 29 have Buy rating, 2 Sell and 4 Hold. Therefore 83% are positive. Microsoft Corporation had 142 analyst reports since July 22, 2015 according to SRatingsIntel. The stock of Microsoft Corporation (NASDAQ:MSFT) earned “Buy” rating by Stifel Nicolaus on Wednesday, July 20. Vetr downgraded the shares of MSFT in report on Thursday, August 27 to “Strong-Buy” rating. The company was upgraded on Friday, October 21 by William Blair. The firm has “Neutral” rating given on Tuesday, April 26 by Macquarie Research. As per Friday, October 27, the company rating was maintained by Canaccord Genuity. The company was maintained on Wednesday, October 11 by Credit Suisse. The firm has “Buy” rating by Bernstein given on Tuesday, December 12. The firm has “Buy” rating given on Friday, October 23 by Stifel Nicolaus. The stock of Microsoft Corporation (NASDAQ:MSFT) has “Market Perform” rating given on Friday, April 1 by Cowen & Co. Credit Suisse maintained Microsoft Corporation (NASDAQ:MSFT) rating on Monday, August 7. Credit Suisse has “Buy” rating and $8400 target.

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