Quantum Capital Management Has Decreased Its First Rep Bk San Francisco C (FRC) Holding by $300,560 as Share Value Declined; Cheviot Value Management Position in Microsoft (MSFT) Has Trimmed as Stock Rose

January 13, 2018 - By Clifton Ray

Cheviot Value Management Llc decreased its stake in Microsoft Corp (MSFT) by 9.05% based on its latest 2017Q3 regulatory filing with the SEC. Cheviot Value Management Llc sold 14,763 shares as the company’s stock rose 4.75% with the market. The institutional investor held 148,415 shares of the prepackaged software company at the end of 2017Q3, valued at $11.06 million, down from 163,178 at the end of the previous reported quarter. Cheviot Value Management Llc who had been investing in Microsoft Corp for a number of months, seems to be less bullish one the $691.23B market cap company. 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.

Quantum Capital Management Llc decreased its stake in First Rep Bk San Francisco C (FRC) by 1.16% based on its latest 2017Q3 regulatory filing with the SEC. Quantum Capital Management Llc sold 2,890 shares as the company’s stock declined 5.64% while stock markets rallied. The institutional investor held 245,764 shares of the company at the end of 2017Q3, valued at $25.67 million, down from 248,654 at the end of the previous reported quarter. Quantum Capital Management Llc who had been investing in First Rep Bk San Francisco C for a number of months, seems to be less bullish one the $14.62B market cap company. The stock decreased 1.35% or $1.25 during the last trading session, reaching $91.06. About 1.73 million shares traded or 15.22% up from the average. First Republic Bank (NYSE:FRC) has risen 29.07% since January 13, 2017 and is uptrending. It has outperformed by 12.37% the S&P500.

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. Bernstein maintained Microsoft Corporation (NASDAQ:MSFT) on Tuesday, December 12 with “Buy” rating. Piper Jaffray maintained Microsoft Corporation (NASDAQ:MSFT) rating on Monday, November 27. Piper Jaffray has “Buy” rating and $100.0 target. On Tuesday, October 31 the stock rating was maintained by Oppenheimer with “Outperform”. The firm earned “Outperform” rating on Tuesday, May 24 by Cowen & Co. Cowen & Co maintained Microsoft Corporation (NASDAQ:MSFT) on Friday, July 21 with “Buy” rating. UBS maintained Microsoft Corporation (NASDAQ:MSFT) on Friday, October 21 with “Buy” rating. The company was maintained on Friday, January 27 by Canaccord Genuity. Oppenheimer maintained Microsoft Corporation (NASDAQ:MSFT) on Wednesday, December 20 with “Buy” rating. Stifel Nicolaus maintained Microsoft Corporation (NASDAQ:MSFT) on Friday, October 23 with “Buy” rating. The rating was maintained by FBN Securities with “Outperform” on Wednesday, July 20.

Analysts await Microsoft Corporation (NASDAQ:MSFT) to report earnings on January, 25. They expect $0.86 EPS, up 3.61% or $0.03 from last year’s $0.83 per share. MSFT’s profit will be $6.63 billion for 26.05 P/E if the $0.86 EPS becomes a reality. After $0.84 actual EPS reported by Microsoft Corporation for the previous quarter, Wall Street now forecasts 2.38% EPS growth.

Investors sentiment increased to 0.83 in Q3 2017. 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. Country Trust State Bank owns 2.63% invested in Microsoft Corporation (NASDAQ:MSFT) for 780,886 shares. Paragon Ltd accumulated 28,595 shares or 0.82% of the stock. Junto Capital Mgmt Limited Partnership stated it has 269,500 shares. Grisanti Capital Mgmt Ltd holds 0.03% or 953 shares in its portfolio. Caledonia Invs Public Limited Com reported 14.45% stake. Mig Capital Ltd Com stated it has 0.03% of its portfolio in Microsoft Corporation (NASDAQ:MSFT). Summit Asset Mngmt Ltd has 0.45% invested in Microsoft Corporation (NASDAQ:MSFT) for 11,918 shares. West Virginia-based Mckinley Carter Wealth Inc has invested 0.35% in Microsoft Corporation (NASDAQ:MSFT). Sigma Planning Corporation has 122,207 shares for 0.75% of their portfolio. Torch Wealth Ltd Limited Liability Company invested 0.56% of its portfolio in Microsoft Corporation (NASDAQ:MSFT). 1,724 are held by D Scott Neal Inc. The West Virginia-based City Holding Com has invested 1.4% in Microsoft Corporation (NASDAQ:MSFT). Bristol John W & has invested 2.29% in Microsoft Corporation (NASDAQ:MSFT). Peoples Finance Serv stated it has 44,870 shares or 1.9% of all its holdings. Highstreet Asset Mgmt owns 69,110 shares.

Cheviot Value Management Llc, which manages about $280.11M and $183.96 million US Long portfolio, upped its stake in General Electric Company (NYSE:GE) by 118,457 shares to 127,376 shares, valued at $3.08M in 2017Q3, according to the filing.

Since August 4, 2017, it had 0 insider purchases, and 3 selling transactions for $513.86 million activity. Morfit G Mason sold 7.00 million shares worth $507.89M. Hood Amy had sold 55,000 shares worth $4.00 million.

Among 18 analysts covering First Republic Bank (NYSE:FRC), 7 have Buy rating, 0 Sell and 11 Hold. Therefore 39% are positive. First Republic Bank had 70 analyst reports since October 6, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Friday, September 1 by Piper Jaffray. The rating was maintained by BMO Capital Markets with “Hold” on Tuesday, October 3. The firm earned “Hold” rating on Thursday, January 4 by Sandler O’Neill. Maxim Group maintained the shares of FRC in report on Friday, October 14 with “Buy” rating. The company was initiated on Thursday, February 2 by JMP Securities. The rating was maintained by RBC Capital Markets on Friday, October 13 with “Hold”. The company was maintained on Monday, December 18 by BMO Capital Markets. Maxim Group maintained it with “Buy” rating and $100 target in Monday, December 19 report. The rating was maintained by RBC Capital Markets on Friday, July 14 with “Hold”. Wells Fargo downgraded First Republic Bank (NYSE:FRC) on Monday, January 9 to “Market Perform” rating.

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