Welch Investments LLC Has $4.55 Million Position in Microsoft Co. (MSFT)

Welch Investments LLC lifted its position in Microsoft Co. (NASDAQ:MSFT) by 1,598.7% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 61,104 shares of the software giant’s stock after acquiring an additional 57,507 shares during the period. Microsoft makes up about 3.1% of Welch Investments LLC’s investment portfolio, making the stock its 20th largest position. Welch Investments LLC’s holdings in Microsoft were worth $4,552,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in MSFT. River Wealth Advisors LLC boosted its position in Microsoft by 6.4% during the second quarter. River Wealth Advisors LLC now owns 25,130 shares of the software giant’s stock worth $1,732,000 after purchasing an additional 1,517 shares during the period. Northeast Financial Consultants Inc lifted its holdings in shares of Microsoft by 17.4% during the second quarter. Northeast Financial Consultants Inc now owns 10,100 shares of the software giant’s stock worth $696,000 after buying an additional 1,500 shares in the last quarter. One Capital Management LLC lifted its holdings in shares of Microsoft by 5.0% during the second quarter. One Capital Management LLC now owns 56,671 shares of the software giant’s stock worth $3,906,000 after buying an additional 2,675 shares in the last quarter. JLB & Associates Inc. acquired a new stake in shares of Microsoft during the second quarter worth $10,873,000. Finally, First National Bank Sioux Falls lifted its holdings in shares of Microsoft by 9.6% during the second quarter. First National Bank Sioux Falls now owns 15,629 shares of the software giant’s stock worth $1,078,000 after buying an additional 1,365 shares in the last quarter. 73.19% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have recently weighed in on the company. Zacks Investment Research downgraded Microsoft from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. ValuEngine raised Microsoft from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Vetr downgraded Microsoft from a “buy” rating to a “hold” rating and set a $94.20 target price for the company. in a report on Tuesday, February 6th. Morgan Stanley set a $88.00 target price on Microsoft and gave the stock a “buy” rating in a report on Friday, October 27th. Finally, Credit Suisse Group reissued a “buy” rating and set a $95.00 target price on shares of Microsoft in a report on Friday, October 27th. One research analyst has rated the stock with a sell rating, six have given a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $99.14.

Shares of Microsoft Co. (NASDAQ:MSFT) opened at $92.00 on Monday. The firm has a market capitalization of $708,380.94, a PE ratio of 26.21, a PEG ratio of 2.13 and a beta of 1.06. The company has a debt-to-equity ratio of 1.01, a quick ratio of 2.85 and a current ratio of 2.89. Microsoft Co. has a twelve month low of $63.62 and a twelve month high of $96.07.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Wednesday, January 31st. The software giant reported $0.96 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.09. The company had revenue of $28.92 billion for 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% compared to the same quarter last year. During the same period in the previous year, the business posted $0.83 earnings per share. research analysts anticipate that Microsoft Co. will post 3.64 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, February 15th will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 1.83%. The ex-dividend date of this dividend is Wednesday, February 14th. Microsoft’s dividend payout ratio (DPR) is currently 115.07%.

In other news, EVP Christopher C. Capossela sold 4,000 shares of the business’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $83.44, for a total transaction of $333,760.00. Following the sale, the executive vice president now directly owns 184,278 shares in the company, valued at $15,376,156.32. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Frank H. Brod sold 18,000 shares of the business’s stock in a transaction dated 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. Insiders own 1.49% of the company’s stock.

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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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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