Linscomb & Williams Inc. Increases Stake in Microsoft Co. (MSFT)
Linscomb & Williams Inc. grew its position in Microsoft Co. (NASDAQ:MSFT) by 1.9% in the third quarter, according to its most recent filing with the SEC. The fund owned 129,934 shares of the software giant’s stock after acquiring an additional 2,370 shares during the period. Microsoft accounts for approximately 0.8% of Linscomb & Williams Inc.’s investment portfolio, making the stock its 18th biggest position. Linscomb & Williams Inc.’s holdings in Microsoft were worth $9,679,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Acrospire Investment Management LLC increased its holdings in Microsoft by 300.0% in the second quarter. Acrospire Investment Management LLC now owns 1,600 shares of the software giant’s stock valued at $110,000 after purchasing an additional 1,200 shares during the period. Stelac Advisory Services LLC grew its holdings in 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 period. Pacific Center for Financial Services grew its holdings in 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 period. AlphaMark Advisors LLC grew its holdings in 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 period. Finally, Ruggie Capital Group grew its holdings in 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 period. Institutional investors own 73.16% of the company’s stock.
In related news, EVP Christopher C. Capossela sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $83.48, for a total value of $333,920.00. Following the transaction, the executive vice president now owns 185,278 shares of the company’s stock, valued at approximately $15,467,007.44. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Frank H. Brod sold 15,000 shares of Microsoft stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $84.08, for a total transaction of $1,261,200.00. Following the transaction, the insider now directly owns 116,205 shares in the company, valued at approximately $9,770,516.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 45,000 shares of company stock worth $3,759,420. 1.49% of the stock is owned by insiders.
Microsoft Co. (MSFT) opened at $89.60 on Monday. Microsoft Co. has a 1 year low of $62.03 and a 1 year high of $89.78. The firm has a market cap of $691,230.00, a PE ratio of 30.27, a P/E/G ratio of 2.09 and a beta of 0.99. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.12 and a quick ratio of 3.06.
Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Thursday, October 26th. The software giant reported $0.84 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.12. Microsoft had a net margin of 24.56% and a return on equity of 35.23%. The business had revenue of $24.50 billion for the quarter, compared to analysts’ expectations of $23.57 billion. During the same quarter last year, the firm earned $0.76 EPS. The firm’s revenue for the quarter was up 11.7% compared to the same quarter last year. equities 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. Investors 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 annualized dividend and a yield of 1.88%. Microsoft’s payout ratio is 56.76%.
A number of analysts have weighed in on MSFT shares. Royal Bank of Canada reiterated an “outperform” rating and set a $88.00 price target (up from $85.00) on shares of Microsoft in a report on Friday, October 27th. UBS Group set a $105.00 price target on Microsoft and gave the stock a “buy” rating in a report on Thursday, November 9th. Vetr downgraded Microsoft from a “strong-buy” rating to a “buy” rating and set a $93.77 price target for the company. in a report on Monday, December 11th. KeyCorp reiterated a “buy” rating and set a $94.00 price target on shares of Microsoft in a report on Friday, October 27th. Finally, Citigroup increased their price target on Microsoft from $74.00 to $79.00 and gave the stock a “sell” rating in a report on Friday, October 27th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and thirty-one have issued a buy rating to the company. Microsoft has an average rating of “Buy” and a consensus target price of $86.97.
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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