Institutional & Family Asset Management LLC Boosts Position in Microsoft Co. (MSFT)

Institutional & Family Asset Management LLC increased its position in shares of Microsoft Co. (NASDAQ:MSFT) by 5.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,829 shares of the software giant’s stock after acquiring an additional 3,517 shares during the period. Microsoft comprises 1.0% of Institutional & Family Asset Management LLC’s investment portfolio, making the stock its 16th biggest position. Institutional & Family Asset Management LLC’s holdings in Microsoft were worth $4,829,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Carderock Capital Management Inc. raised its position in Microsoft by 0.7% in the 2nd quarter. Carderock Capital Management Inc. now owns 3,981 shares of the software giant’s stock valued at $274,000 after purchasing an additional 26 shares in the last quarter. AlphaMark Advisors LLC raised its position in Microsoft by 1.1% in the 2nd quarter. AlphaMark Advisors LLC now owns 2,677 shares of the software giant’s stock valued at $185,000 after purchasing an additional 30 shares in the last quarter. Simonbaker & Partners LLC raised its position in Microsoft by 0.4% in the 2nd quarter. Simonbaker & Partners LLC now owns 11,364 shares of the software giant’s stock valued at $783,000 after purchasing an additional 40 shares in the last quarter. Arcus Capital Partners LLC raised its position in Microsoft by 1.4% in the 2nd quarter. Arcus Capital Partners LLC now owns 3,159 shares of the software giant’s stock valued at $218,000 after purchasing an additional 45 shares in the last quarter. Finally, Jackson Grant Investment Advisers Inc. raised its position in Microsoft by 0.3% in the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 19,112 shares of the software giant’s stock valued at $1,317,000 after purchasing an additional 55 shares in the last quarter. 73.88% of the stock is currently owned by hedge funds and other institutional investors.

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Microsoft Co. (MSFT) opened at $94.60 on Friday. Microsoft Co. has a 12 month low of $64.12 and a 12 month high of $97.24. The firm has a market capitalization of $725,166.50, a P/E ratio of 26.83, a price-to-earnings-growth ratio of 2.17 and a beta of 1.04. The company has a quick ratio of 2.85, a current ratio of 2.89 and a debt-to-equity ratio of 1.01.

Microsoft (NASDAQ:MSFT) last announced its earnings results on Wednesday, January 31st. The software giant reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.09. Microsoft had a return on equity of 35.41% and a net margin of 11.72%. The company had revenue of $28.92 billion for the quarter, compared to the consensus estimate of $28.42 billion. During the same period last year, the business posted $0.83 EPS. The company’s revenue was up 11.9% on a year-over-year basis. equities research analysts predict that Microsoft Co. will post 3.65 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 14th. Shareholders of record on Thursday, May 17th will be paid a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, May 16th. This represents a $1.68 annualized dividend and a dividend yield of 1.78%. Microsoft’s dividend payout ratio (DPR) is currently 115.07%.

A number of research firms have issued reports on MSFT. Zacks Investment Research lowered Microsoft from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Vetr lowered Microsoft from a “buy” rating to a “hold” rating and set a $94.20 price target on the stock. in a research report on Tuesday, February 6th. UBS set a $110.00 price objective on Microsoft and gave the company a “buy” rating in a report on Thursday, February 1st. Deutsche Bank reiterated a “buy” rating and issued a $115.00 price objective on shares of Microsoft in a report on Thursday, February 1st. Finally, JPMorgan Chase & Co. set a $94.00 price objective on Microsoft and gave the company a “neutral” rating in a report on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirty-one have issued a buy rating to the company’s stock. Microsoft has a consensus rating of “Buy” and a consensus price target of $99.41.

In other Microsoft news, CMO Christopher C. Capossela sold 3,000 shares of Microsoft stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $93.30, for a total value of $279,900.00. Following the transaction, the chief marketing officer now directly owns 178,278 shares in the company, valued at approximately $16,633,337.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Christopher C. Capossela sold 3,500 shares of Microsoft stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $93.00, for a total value of $325,500.00. Following the completion of the transaction, the executive vice president now owns 174,778 shares in the company, valued at $16,254,354. The disclosure for this sale can be found here. Insiders sold a total of 10,000 shares of company stock worth $930,900 over the last quarter. Company insiders own 1.49% of the company’s stock.

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Microsoft 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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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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