Welch Group LLC Has $1,208,000 Stake in Microsoft Corporation (MSFT)
Welch Group LLC boosted its stake in Microsoft Corporation (NASDAQ:MSFT) by 139.4% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 20,968 shares of the software giant’s stock after buying an additional 12,209 shares during the period. Welch Group LLC’s holdings in Microsoft Corporation were worth $1,208,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. First Manhattan Co. boosted its stake in Microsoft Corporation by 1.4% in the second quarter. First Manhattan Co. now owns 7,974,066 shares of the software giant’s stock valued at $408,033,000 after buying an additional 108,933 shares in the last quarter. Tesco Pension Investment Ltd bought a new stake in Microsoft Corporation during the third quarter valued at about $170,936,000. Berkshire Asset Management LLC PA boosted its stake in Microsoft Corporation by 8.2% in the second quarter. Berkshire Asset Management LLC PA now owns 343,893 shares of the software giant’s stock valued at $17,597,000 after buying an additional 26,037 shares in the last quarter. Roffman Miller Associates Inc. PA boosted its stake in Microsoft Corporation by 5.8% in the second quarter. Roffman Miller Associates Inc. PA now owns 390,571 shares of the software giant’s stock valued at $19,986,000 after buying an additional 21,496 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its stake in Microsoft Corporation by 53.6% in the second quarter. Acadian Asset Management LLC now owns 2,726,637 shares of the software giant’s stock valued at $139,523,000 after buying an additional 951,208 shares in the last quarter. 70.72% of the stock is currently owned by institutional investors.
Microsoft Corporation (NASDAQ:MSFT) traded up 0.14% during midday trading on Friday, reaching $62.70. 19,421,383 shares of the company traded hands. The company has a 50-day moving average price of $61.81 and a 200-day moving average price of $57.95. The company has a market cap of $487.51 billion, a price-to-earnings ratio of 30.03 and a beta of 1.13. Microsoft Corporation has a 12-month low of $48.03 and a 12-month high of $64.10.
Microsoft Corporation (NASDAQ:MSFT) last issued its earnings results on Thursday, October 20th. The software giant reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.08. The business earned $22.30 billion during the quarter, compared to analyst estimates of $21.71 billion. Microsoft Corporation had a return on equity of 30.92% and a net margin of 19.40%. Microsoft Corporation’s revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.67 earnings per share. On average, analysts predict that Microsoft Corporation will post $2.98 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 9th. Investors of record on Thursday, February 16th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Tuesday, February 14th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.49%. Microsoft Corporation’s payout ratio is 75.00%.
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Several equities research analysts recently issued reports on MSFT shares. Morgan Stanley reissued an “overweight” rating and issued a $74.00 target price (up from $62.00) on shares of Microsoft Corporation in a research report on Friday, December 23rd. Goldman Sachs Group, Inc. (The) raised shares of Microsoft Corporation from a “neutral” rating to a “buy” rating and raised their target price for the stock from $60.00 to $68.00 in a research report on Sunday, December 4th. Barclays PLC reissued an “overweight” rating and issued a $65.00 target price (up from $60.00) on shares of Microsoft Corporation in a research report on Friday, October 21st. Vetr raised shares of Microsoft Corporation from a “hold” rating to a “buy” rating and set a $63.17 target price on the stock in a research report on Wednesday, October 26th. Finally, J P Morgan Chase & Co set a $55.00 target price on shares of Microsoft Corporation and gave the stock a “neutral” rating in a research report on Thursday, October 20th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty-five have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $63.68.
In related news, CMO Christopher C. Capossela sold 12,000 shares of the company’s stock in a transaction on Tuesday, November 8th. The stock was sold at an average price of $60.51, for a total value of $726,120.00. Following the completion of the transaction, the chief marketing officer now directly owns 253,306 shares in the company, valued at $15,327,546.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Christopher C. Capossela sold 18,583 shares of the company’s stock in a transaction on Monday, November 14th. The shares were sold at an average price of $58.58, for a total value of $1,088,592.14. Following the completion of the transaction, the executive vice president now owns 243,306 shares of the company’s stock, valued at $14,252,865.48. The disclosure for this sale can be found here. 2.99% of the stock is owned by corporate insiders.
Microsoft Corporation Company Profile
Microsoft Corporation is a technology company. The Company develops, licenses and supports a range of software products, services and devices. Its segments are Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. Its products include operating systems; cross-device productivity applications; server applications; business solution applications; desktop and server management tools; software development tools; video games, and training and certification of computer system integrators and developers.
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