Princeton Portfolio Strategies Group Upped Its Microsoft (MSFT) Stake; As Hormel Foods (HRL) Stock Price Declined, United Services Automobile Association Has Decreased Holding

January 19, 2018 - By Darrin Black

United Services Automobile Association decreased its stake in Hormel Foods Corp (HRL) by 11.47% based on its latest 2017Q3 regulatory filing with the SEC. United Services Automobile Association sold 13,182 shares as the company’s stock declined 6.52% while stock markets rallied. The institutional investor held 101,755 shares of the meat and poultry and fish company at the end of 2017Q3, valued at $3.27 million, down from 114,937 at the end of the previous reported quarter. United Services Automobile Association who had been investing in Hormel Foods Corp for a number of months, seems to be less bullish one the $18.37 billion market cap company. The stock increased 1.27% or $0.435 during the last trading session, reaching $34.685. About 1.27 million shares traded. Hormel Foods Corporation (NYSE:HRL) has declined 1.53% since January 19, 2017 and is downtrending. It has underperformed by 18.23% the S&P500.

Princeton Portfolio Strategies Group Llc increased its stake in Microsoft Corp (MSFT) by 5.72% based on its latest 2017Q3 regulatory filing with the SEC. Princeton Portfolio Strategies Group Llc bought 5,065 shares as the company’s stock rose 4.75% with the market. The institutional investor held 93,586 shares of the prepackaged software company at the end of 2017Q3, valued at $6.97 million, up from 88,521 at the end of the previous reported quarter. Princeton Portfolio Strategies Group Llc who had been investing in Microsoft Corp for a number of months, seems to be bullish on the $693.41B market cap company. The stock decreased 0.24% or $0.22 during the last trading session, reaching $89.88. About 17.34 million shares traded. Microsoft Corporation (NASDAQ:MSFT) has risen 34.52% since January 19, 2017 and is uptrending. It has outperformed by 17.82% the S&P500.

Investors sentiment increased to 0.83 in 2017 Q3. Its up 0.01, from 0.82 in 2017Q2. It improved, 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. Bridges Investment Counsel has 32,121 shares for 1.33% of their portfolio. Grassi Management reported 111,817 shares stake. Cap Invest Llc accumulated 0.73% or 142,949 shares. Sweden-based Alecta Pensionsforsakring Omsesidigt has invested 6.23% in Microsoft Corporation (NASDAQ:MSFT). Curbstone Corp invested 1.11% of its portfolio in Microsoft Corporation (NASDAQ:MSFT). Wunderlich Cap Managemnt has invested 1.24% in Microsoft Corporation (NASDAQ:MSFT). Bessemer Gp, a New Jersey-based fund reported 5.43M shares. Fiduciary Mgmt Inc Wi has invested 1.82% in Microsoft Corporation (NASDAQ:MSFT). First Wilshire Secs Mgmt owns 7,350 shares or 0.16% of their US portfolio. Beach Invest Management Limited Co holds 2.49% or 19,220 shares in its portfolio. Mckinley Capital Mngmt Ltd Liability Corp Delaware reported 2.16% in Microsoft Corporation (NASDAQ:MSFT). Barton Mngmt reported 0.49% of its portfolio in Microsoft Corporation (NASDAQ:MSFT). Fragasso Group accumulated 0.82% or 38,136 shares. Mercer Capital Advisers accumulated 4.64% or 84,001 shares. Amalgamated Bancorp holds 908,333 shares or 2.11% of its portfolio.

Princeton Portfolio Strategies Group Llc, which manages about $199.15 million and $369.47M US Long portfolio, decreased its stake in American Tower Corp Class (NYSE:AMT) by 2,795 shares to 54,150 shares, valued at $7.40M in 2017Q3, according to the filing. It also reduced its holding in Align Technology Inc (NASDAQ:ALGN) by 2,028 shares in the quarter, leaving it with 7,462 shares, and cut its stake in Nextera Energy Inc (NYSE:NEE).

Since August 4, 2017, it had 0 buys, and 3 selling transactions for $513.86 million activity. Morfit G Mason sold 7.00M shares worth $507.89 million. COURTOIS JEAN PHILIPPE had sold 26,763 shares worth $1.98M on Wednesday, August 30.

Among 35 analysts covering Microsoft Corporation (NASDAQ:MSFT), 29 have Buy rating, 2 Sell and 4 Hold. Therefore 83% are positive. Microsoft Corporation had 144 analyst reports since July 22, 2015 according to SRatingsIntel. The rating was maintained by Pacific Crest on Tuesday, September 22 with “Overweight”. RBC Capital Markets maintained it with “Outperform” rating and $57 target in Friday, October 23 report. The stock of Microsoft Corporation (NASDAQ:MSFT) earned “Hold” rating by Wunderlich on Wednesday, July 20. Cowen & Co maintained Microsoft Corporation (NASDAQ:MSFT) rating on Wednesday, June 14. Cowen & Co has “Buy” rating and $7600 target. The stock has “Buy” rating by Stifel Nicolaus on Friday, October 23. The stock of Microsoft Corporation (NASDAQ:MSFT) earned “Buy” rating by Piper Jaffray on Monday, October 2. The stock of Microsoft Corporation (NASDAQ:MSFT) earned “Buy” rating by Cowen & Co on Sunday, September 17. The stock has “Outperform” rating by BMO Capital Markets on Friday, January 8. The company was maintained on Wednesday, July 22 by Wunderlich. The company was maintained on Wednesday, July 20 by BMO Capital Markets.

Since August 30, 2017, it had 0 insider buys, and 8 insider sales for $6.49 million activity. The insider MORRISON JOHN L sold 24,814 shares worth $789,445. $1.10 million worth of Hormel Foods Corporation (NYSE:HRL) was sold by SHEEHAN JAMES N on Wednesday, August 30. PIPPINS DAKOTA A also sold $126,400 worth of Hormel Foods Corporation (NYSE:HRL) shares. Shares for $3.17M were sold by Kremin Donald H. Shares for $468,453 were sold by BINDER STEVEN G on Thursday, September 7. Murano Elsa A also sold $256,644 worth of Hormel Foods Corporation (NYSE:HRL) shares.

Investors sentiment decreased to 0.92 in Q3 2017. Its down 0.39, from 1.31 in 2017Q2. It fall, as 40 investors sold HRL shares while 161 reduced holdings. 47 funds opened positions while 138 raised stakes. 191.01 million shares or 2.16% less from 195.22 million shares in 2017Q2 were reported. Voya Limited Liability Com reported 145,848 shares. Autus Asset Mngmt Limited has invested 0.77% in Hormel Foods Corporation (NYSE:HRL). Zeke Capital Advsr Limited Liability Company has 55,033 shares. 1.60 million are owned by Price T Rowe Assocs Md. Sumitomo Mitsui Asset Mgmt Limited reported 0.01% of its portfolio in Hormel Foods Corporation (NYSE:HRL). Asset Mgmt One Limited has 0.04% invested in Hormel Foods Corporation (NYSE:HRL). Trexquant LP invested in 20,528 shares. One Trading Lp has 24,628 shares for 0.01% of their portfolio. Hbk Sorce Advisory Ltd Liability Co has invested 0.07% in Hormel Foods Corporation (NYSE:HRL). Moreover, Manufacturers Life Insur Communications The has 0.01% invested in Hormel Foods Corporation (NYSE:HRL) for 319,135 shares. Barclays Pcl invested in 0.01% or 226,859 shares. Sigma Planning Corp has 0.02% invested in Hormel Foods Corporation (NYSE:HRL) for 7,239 shares. Company Of Virginia Va holds 6,710 shares or 0.03% of its portfolio. Cognios Cap Ltd Llc has 0.84% invested in Hormel Foods Corporation (NYSE:HRL) for 64,818 shares. Gw Henssler Assocs Ltd has invested 1.02% in Hormel Foods Corporation (NYSE:HRL).

Analysts await Hormel Foods Corporation (NYSE:HRL) to report earnings on February, 22. They expect $0.42 earnings per share, down 4.55% or $0.02 from last year’s $0.44 per share. HRL’s profit will be $222.47 million for 20.65 P/E if the $0.42 EPS becomes a reality. After $0.41 actual earnings per share reported by Hormel Foods Corporation for the previous quarter, Wall Street now forecasts 2.44% EPS growth.

United Services Automobile Association, which manages about $34.17 billion US Long portfolio, upped its stake in Verisign Inc (NASDAQ:VRSN) by 41,803 shares to 138,185 shares, valued at $14.70 million in 2017Q3, according to the filing. It also increased its holding in China Mobile Ltd (NYSE:CHL) by 23,619 shares in the quarter, for a total of 195,136 shares, and has risen its stake in Xenia Hotels & Resorts Inc.

Among 15 analysts covering Hormel Foods Corporation (NYSE:HRL), 5 have Buy rating, 3 Sell and 7 Hold. Therefore 33% are positive. Hormel Foods Corporation had 49 analyst reports since July 27, 2015 according to SRatingsIntel. Stephens downgraded Hormel Foods Corporation (NYSE:HRL) on Thursday, September 17 to “Equal Weight” rating. As per Wednesday, July 27, the company rating was maintained by Jefferies. The firm has “Overweight” rating by Barclays Capital given on Friday, August 25. As per Monday, August 22, the company rating was upgraded by Credit Suisse. The rating was initiated by Jefferies on Wednesday, December 16 with “Buy”. Barclays Capital reinitiated it with “Overweight” rating and $40 target in Friday, December 1 report. BMO Capital Markets maintained Hormel Foods Corporation (NYSE:HRL) rating on Friday, March 31. BMO Capital Markets has “Buy” rating and $45 target. The company was maintained on Monday, October 30 by Jefferies. The firm has “Neutral” rating given on Friday, August 25 by Buckingham Research. Jefferies maintained Hormel Foods Corporation (NYSE:HRL) on Monday, September 25 with “Hold” rating.

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