Microsoft Co. (MSFT) is Franklin Parlapiano Turner & Welch LLC’s 7th Largest Position
Franklin Parlapiano Turner & Welch LLC boosted its position in Microsoft Co. (NASDAQ:MSFT) by 2.2% during the third quarter, Holdings Channel reports. The institutional investor owned 78,741 shares of the software giant’s stock after buying an additional 1,708 shares during the period. Microsoft makes up approximately 2.5% of Franklin Parlapiano Turner & Welch LLC’s portfolio, making the stock its 7th largest holding. Franklin Parlapiano Turner & Welch LLC’s holdings in Microsoft were worth $5,865,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently bought and sold shares of MSFT. Westpac Banking Corp lifted its holdings in Microsoft by 10.3% in the third quarter. Westpac Banking Corp now owns 906,076 shares of the software giant’s stock valued at $67,494,000 after acquiring an additional 84,885 shares during the period. Baillie Gifford & Co. lifted its holdings in Microsoft by 56.8% in the third quarter. Baillie Gifford & Co. now owns 465,911 shares of the software giant’s stock valued at $34,706,000 after acquiring an additional 168,690 shares during the period. Horseman Capital Management Ltd acquired a new stake in Microsoft in the third quarter valued at $1,192,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its holdings in Microsoft by 0.3% in the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,529,854 shares of the software giant’s stock valued at $113,959,000 after acquiring an additional 5,295 shares during the period. Finally, Bainco International Investors lifted its holdings in Microsoft by 4.7% in the third quarter. Bainco International Investors now owns 171,022 shares of the software giant’s stock valued at $12,739,000 after acquiring an additional 7,688 shares during the period. Hedge funds and other institutional investors own 73.19% of the company’s stock.
Shares of Microsoft Co. (NASDAQ MSFT) opened at $88.35 on Wednesday. The company has a market capitalization of $691,227.31, a PE ratio of 26.51, a P/E/G ratio of 2.09 and a beta of 0.99. Microsoft Co. has a 52-week low of $62.03 and a 52-week high of $90.79. The company has a debt-to-equity ratio of 0.91, a quick ratio of 3.06 and a current ratio of 3.12.
Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Thursday, October 26th. The software giant reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.12. The firm had revenue of $24.50 billion during the quarter, compared to analysts’ expectations of $23.57 billion. Microsoft had a return on equity of 35.23% and a net margin of 24.56%. The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.76 EPS. analysts expect that Microsoft Co. will post 3.39 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Thursday, February 15th will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 1.90%. The ex-dividend date of this dividend is Wednesday, February 14th. Microsoft’s dividend payout ratio (DPR) is 57.14%.
MSFT has been the subject of several research reports. Zacks Investment Research downgraded Microsoft from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. Credit Suisse Group reaffirmed a “buy” rating and set a $95.00 price target on shares of Microsoft in a research note on Friday, October 27th. Morgan Stanley set a $88.00 price target on Microsoft and gave the stock a “buy” rating in a research note on Friday, October 27th. Tigress Financial reaffirmed a “buy” rating on shares of Microsoft in a research note on Tuesday, November 7th. Finally, Vetr raised Microsoft from a “sell” rating to a “hold” rating and set a $82.07 price target for the company in a research note on Tuesday, October 31st. Two investment 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 stock. The company presently has a consensus rating of “Buy” and a consensus target price of $86.97.
In other Microsoft news, EVP Christopher C. Capossela sold 4,000 shares of Microsoft stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $83.44, for a total value of $333,760.00. Following the completion of the sale, the executive vice president now owns 184,278 shares in the company, valued at approximately $15,376,156.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Frank H. Brod sold 18,000 shares of Microsoft stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $83.15, for a total value of $1,496,700.00. The disclosure for this sale can be found here. Insiders sold a total of 45,000 shares of company stock valued at $3,759,420 in the last 90 days. 1.49% of the stock is owned by company insiders.
WARNING: This report was reported by Watch List News and is the sole property of of Watch List News. If you are viewing this report on another domain, it was illegally copied and reposted in violation of US & international trademark & copyright legislation. The legal version of this report can be accessed at https://www.watchlistnews.com/microsoft-co-msft-is-franklin-parlapiano-turner-welch-llcs-7th-largest-position/1810322.html.
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.
Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Co. (NASDAQ:MSFT).
Receive News & Ratings for Microsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft and related companies with MarketBeat.com's FREE daily email newsletter.