A. D. Beadell Investment Counsel Inc. Has $2.03 Million Stock Position in Morgan Stanley (NYSE:MS)

A. D. Beadell Investment Counsel Inc. cut its stake in shares of Morgan Stanley (NYSE:MS) by 5.7% in the 4th quarter, HoldingsChannel reports. The fund owned 16,171 shares of the financial services provider’s stock after selling 975 shares during the quarter. Morgan Stanley makes up 1.6% of A. D. Beadell Investment Counsel Inc.’s investment portfolio, making the stock its 22nd largest position. A. D. Beadell Investment Counsel Inc.’s holdings in Morgan Stanley were worth $2,033,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Bank of New Hampshire raised its position in shares of Morgan Stanley by 1.5% in the fourth quarter. Bank of New Hampshire now owns 6,313 shares of the financial services provider’s stock valued at $794,000 after buying an additional 93 shares in the last quarter. Rosenberg Matthew Hamilton increased its stake in Morgan Stanley by 2.6% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 3,748 shares of the financial services provider’s stock worth $391,000 after acquiring an additional 96 shares during the period. Omnia Family Wealth LLC raised its holdings in Morgan Stanley by 3.3% in the 3rd quarter. Omnia Family Wealth LLC now owns 3,063 shares of the financial services provider’s stock valued at $319,000 after acquiring an additional 97 shares in the last quarter. Raab & Moskowitz Asset Management LLC lifted its position in shares of Morgan Stanley by 2.8% during the 3rd quarter. Raab & Moskowitz Asset Management LLC now owns 3,642 shares of the financial services provider’s stock valued at $380,000 after acquiring an additional 98 shares during the period. Finally, TFB Advisors LLC grew its holdings in shares of Morgan Stanley by 3.9% during the 3rd quarter. TFB Advisors LLC now owns 2,662 shares of the financial services provider’s stock worth $277,000 after purchasing an additional 99 shares in the last quarter. Institutional investors own 84.19% of the company’s stock.

Morgan Stanley Stock Performance

Shares of MS stock traded down $4.54 during trading hours on Friday, hitting $123.32. 1,863,616 shares of the company were exchanged, compared to its average volume of 5,070,432. Morgan Stanley has a 52-week low of $83.09 and a 52-week high of $136.24. The firm has a fifty day simple moving average of $128.32 and a 200 day simple moving average of $112.24. The stock has a market capitalization of $198.67 billion, a price-to-earnings ratio of 18.77, a P/E/G ratio of 1.18 and a beta of 1.36. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 3.14.

Morgan Stanley (NYSE:MS) last announced its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $1.88 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.31. Morgan Stanley had a net margin of 10.64% and a return on equity of 12.58%. The company had revenue of $15.38 billion for the quarter, compared to analysts’ expectations of $14.27 billion. Research analysts predict that Morgan Stanley will post 7.33 earnings per share for the current fiscal year.

Morgan Stanley Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were given a dividend of $0.925 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $3.70 dividend on an annualized basis and a dividend yield of 3.00%. Morgan Stanley’s dividend payout ratio (DPR) is currently 56.32%.

Insider Transactions at Morgan Stanley

In other news, Director Stephen J. Luczo sold 60,000 shares of the company’s stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $119.17, for a total value of $7,150,200.00. Following the completion of the transaction, the director now directly owns 138,363 shares in the company, valued at approximately $16,488,718.71. This represents a 30.25 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on MS shares. Bank of America boosted their price target on Morgan Stanley from $140.00 to $146.00 and gave the company a “buy” rating in a research note on Tuesday. Royal Bank of Canada increased their target price on Morgan Stanley from $108.00 to $122.00 and gave the company a “sector perform” rating in a research report on Thursday, October 17th. Barclays boosted their price objective on shares of Morgan Stanley from $135.00 to $155.00 and gave the stock an “overweight” rating in a research note on Monday. Keefe, Bruyette & Woods boosted their price target on shares of Morgan Stanley from $121.00 to $138.00 and gave the stock a “market perform” rating in a research report on Tuesday, December 3rd. Finally, Wells Fargo & Company upgraded Morgan Stanley from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $107.00 to $142.00 in a research report on Friday, November 15th. Eleven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $125.80.

About Morgan Stanley

Morgan Stanley, a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals in the Americas, Europe, the Middle East, Africa, and Asia. It operates through Institutional Securities, Wealth Management, and Investment Management segments.