Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Has $113.96 Million Holdings in Microsoft Co. (MSFT)
Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its holdings in Microsoft Co. (NASDAQ:MSFT) by 0.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,529,854 shares of the software giant’s stock after acquiring an additional 5,295 shares during the quarter. Microsoft comprises approximately 2.2% of Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings, making the stock its 13th largest position. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Microsoft were worth $113,959,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Capital Research Global Investors lifted its stake in shares of Microsoft by 212.3% in the second quarter. Capital Research Global Investors now owns 69,663,044 shares of the software giant’s stock worth $4,801,874,000 after buying an additional 47,353,245 shares during the last quarter. Janus Henderson Group PLC lifted its stake in shares of Microsoft by 609.4% in the second quarter. Janus Henderson Group PLC now owns 49,174,883 shares of the software giant’s stock worth $3,389,625,000 after buying an additional 42,243,011 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Microsoft by 4.6% in the second quarter. Vanguard Group Inc. now owns 564,052,011 shares of the software giant’s stock worth $38,880,105,000 after buying an additional 25,053,413 shares during the last quarter. Tiger Global Management LLC lifted its stake in shares of Microsoft by 395.2% in the second quarter. Tiger Global Management LLC now owns 10,487,500 shares of the software giant’s stock worth $722,903,000 after buying an additional 8,369,500 shares during the last quarter. Finally, Parametric Portfolio Associates LLC lifted its stake in shares of Microsoft by 32.5% in the second quarter. Parametric Portfolio Associates LLC now owns 19,139,433 shares of the software giant’s stock worth $1,319,271,000 after buying an additional 4,699,588 shares during the last quarter. Hedge funds and other institutional investors own 73.19% of the company’s stock.
A number of analysts have recently weighed in on the stock. Oppenheimer boosted their price objective on shares of Microsoft to $115.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 9th. Zacks Investment Research cut shares of Microsoft from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. Barclays set a $95.00 target price on shares of Microsoft and gave the company an “overweight” rating in a research note on Friday. Wells Fargo & Co reiterated an “outperform” rating and set a $100.00 target price (up from $90.00) on shares of Microsoft in a research note on Friday. Finally, Piper Jaffray Companies reiterated a “buy” rating on shares of Microsoft in a research note on Thursday, January 4th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and thirty-one have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $86.97.
Shares of Microsoft Co. (MSFT) opened at $89.60 on Tuesday. The company has a quick ratio of 3.06, a current ratio of 3.12 and a debt-to-equity ratio of 0.91. Microsoft Co. has a fifty-two week low of $62.03 and a fifty-two week high of $89.78. The firm has a market cap of $691,070.00, a PE ratio of 30.27, a PEG ratio of 2.09 and a beta of 0.99.
Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Thursday, October 26th. The software giant reported $0.84 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.12. The business had revenue of $24.50 billion for the quarter, compared to the consensus estimate of $23.57 billion. Microsoft had a net margin of 24.56% and a return on equity of 35.23%. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.76 EPS. research analysts expect that Microsoft Co. will post 3.39 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Investors of record on Thursday, February 15th will be given a dividend of $0.42 per share. The ex-dividend date is Wednesday, February 14th. This represents a $1.68 annualized dividend and a yield of 1.88%. Microsoft’s dividend payout ratio (DPR) is 56.76%.
In related news, insider Frank H. Brod sold 15,000 shares of the company’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $84.08, for a total transaction of $1,261,200.00. Following the transaction, the insider now owns 116,205 shares in the company, valued at approximately $9,770,516.40. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Christopher C. Capossela sold 4,000 shares of the company’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $83.46, for a total transaction of $333,840.00. Following the transaction, the executive vice president now owns 189,278 shares in the company, valued at approximately $15,797,141.88. The disclosure for this sale can be found here. In the last quarter, insiders have sold 45,000 shares of company stock worth $3,759,420. 1.49% of the stock is owned by corporate insiders.
Microsoft Company Profile
Microsoft Corporation is a technology company. The Company develops, licenses, and supports a range of software products, services and devices. The Company’s segments include Productivity and Business Processes, Intelligent Cloud and More Personal Computing. The Company’s 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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