Wellington Shields Capital Management LLC Increases Position in Microsoft Co. (MSFT)

Wellington Shields Capital Management LLC boosted its position in shares of Microsoft Co. (NASDAQ:MSFT) by 9.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 150,261 shares of the software giant’s stock after buying an additional 13,276 shares during the period. Microsoft makes up about 1.5% of Wellington Shields Capital Management LLC’s portfolio, making the stock its 4th biggest holding. Wellington Shields Capital Management LLC’s holdings in Microsoft were worth $11,193,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Acrospire Investment Management LLC lifted its stake in shares of Microsoft by 300.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,600 shares of the software giant’s stock worth $110,000 after acquiring an additional 1,200 shares during the last quarter. Stelac Advisory Services LLC lifted its stake in shares of Microsoft by 23.5% during the 2nd quarter. Stelac Advisory Services LLC now owns 2,033 shares of the software giant’s stock worth $140,000 after acquiring an additional 387 shares during the last quarter. Pacific Center for Financial Services lifted its stake in shares of Microsoft by 3.0% during the 2nd quarter. Pacific Center for Financial Services now owns 2,572 shares of the software giant’s stock worth $177,000 after acquiring an additional 75 shares during the last quarter. AlphaMark Advisors LLC lifted its stake in shares of Microsoft by 1.1% during the 2nd quarter. AlphaMark Advisors LLC now owns 2,677 shares of the software giant’s stock worth $185,000 after acquiring an additional 30 shares during the last quarter. Finally, Ruggie Capital Group lifted its stake in shares of Microsoft by 1,165.9% during the 2nd quarter. Ruggie Capital Group now owns 2,823 shares of the software giant’s stock worth $195,000 after acquiring an additional 2,600 shares during the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

Microsoft Co. (NASDAQ MSFT) opened at $90.81 on Thursday. Microsoft Co. has a fifty-two week low of $63.62 and a fifty-two week high of $96.07. The stock has a market capitalization of $700,560.00, a price-to-earnings ratio of 61.36, a PEG ratio of 2.07 and a beta of 1.06. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.89 and a quick ratio of 2.85.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Wednesday, January 31st. The software giant reported $0.96 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.09. The firm had revenue of $28.92 billion during the quarter, compared to analysts’ expectations of $28.42 billion. Microsoft had a return on equity of 35.41% and a net margin of 11.72%. The business’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.83 EPS. sell-side analysts anticipate that Microsoft Co. will post 3.62 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, February 15th will be given a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.85%. Microsoft’s payout ratio is 113.51%.

MSFT has been the subject of a number of research analyst reports. Canaccord Genuity reissued a “buy” rating and set a $94.00 price target (up from $86.00) on shares of Microsoft in a research note on Friday, October 27th. Barclays set a $95.00 price target on Microsoft and gave the stock an “overweight” rating in a research note on Friday, January 12th. ValuEngine raised Microsoft from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Atlantic Securities set a $83.00 price target on Microsoft and gave the stock a “neutral” rating in a research note on Friday, October 27th. Finally, UBS Group set a $105.00 price target on Microsoft and gave the stock a “buy” rating in a research note on Thursday, November 9th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the company. Microsoft has a consensus rating of “Buy” and a consensus target price of $99.14.

In other news, EVP Christopher C. Capossela sold 4,000 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at approximately $15,376,156.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Frank H. Brod sold 18,000 shares of the firm’s stock in a transaction on Monday, December 4th. The stock was 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. 1.49% of the stock is owned by company insiders.

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About Microsoft

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.

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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