McCollum Christoferson Group LLC Purchases New Position in Microsoft Co. (MSFT)

McCollum Christoferson Group LLC purchased a new stake in Microsoft Co. (NASDAQ:MSFT) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 71,921 shares of the software giant’s stock, valued at approximately $6,152,000. Microsoft comprises approximately 2.5% of McCollum Christoferson Group LLC’s portfolio, making the stock its 10th largest holding.

Several other institutional investors and hedge funds have also recently made changes to their positions in MSFT. Tompkins Financial Corp raised its position in shares of Microsoft by 17.9% in the 3rd quarter. Tompkins Financial Corp now owns 100,261 shares of the software giant’s stock worth $7,469,000 after acquiring an additional 15,202 shares in the last quarter. Private Wealth Partners LLC raised its position in shares of Microsoft by 0.6% in the 3rd quarter. Private Wealth Partners LLC now owns 270,524 shares of the software giant’s stock worth $20,151,000 after acquiring an additional 1,511 shares in the last quarter. Zacks Investment Management raised its position in shares of Microsoft by 1.5% in the 2nd quarter. Zacks Investment Management now owns 1,257,001 shares of the software giant’s stock worth $86,645,000 after acquiring an additional 18,438 shares in the last quarter. Rockefeller Financial Services Inc. raised its position in shares of Microsoft by 1.6% in the 3rd quarter. Rockefeller Financial Services Inc. now owns 1,764,878 shares of the software giant’s stock worth $131,466,000 after acquiring an additional 27,962 shares in the last quarter. Finally, RNC Capital Management LLC raised its position in shares of Microsoft by 3.4% in the 2nd quarter. RNC Capital Management LLC now owns 530,320 shares of the software giant’s stock worth $36,555,000 after acquiring an additional 17,659 shares in the last quarter. Institutional investors own 73.85% of the company’s stock.

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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 shares were sold at an average price of $93.30, for a total transaction of $279,900.00. Following the transaction, the chief marketing officer now owns 178,278 shares of the company’s stock, valued at approximately $16,633,337.40. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Christopher C. Capossela sold 3,500 shares of Microsoft stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $93.00, for a total transaction of $325,500.00. Following the transaction, the executive vice president now directly owns 174,778 shares in the company, valued at approximately $16,254,354. The disclosure for this sale can be found here. In the last three months, insiders have sold 10,000 shares of company stock worth $930,900. Insiders own 1.49% of the company’s stock.

MSFT stock opened at $90.23 on Friday. The stock has a market cap of $710,921.88, a price-to-earnings ratio of 27.26, a P/E/G ratio of 2.14 and a beta of 1.07. 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 Co. has a 52-week low of $64.85 and a 52-week high of $97.24.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Wednesday, January 31st. The software giant reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.09. The business had revenue of $28.92 billion during the quarter, compared to the consensus estimate of $28.42 billion. Microsoft had a return on equity of 35.41% and a net margin of 11.72%. The company’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.83 EPS. analysts forecast that Microsoft Co. will post 3.63 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 14th. Shareholders of record on Thursday, May 17th will be given a dividend of $0.42 per share. The ex-dividend date is Wednesday, May 16th. This represents a $1.68 annualized dividend and a dividend yield of 1.86%. Microsoft’s dividend payout ratio is currently 50.76%.

MSFT has been the subject of several research analyst reports. KeyCorp lifted their price objective on Microsoft from $106.00 to $110.00 and gave the stock an “overweight” rating in a research report on Thursday, February 1st. Vetr lowered Microsoft from a “strong-buy” rating to a “buy” rating and set a $93.77 price objective for the company. in a research report on Monday, December 11th. Royal Bank of Canada set a $100.00 price objective on Microsoft and gave the stock a “buy” rating in a research report on Wednesday, December 20th. Tigress Financial reissued a “buy” rating on shares of Microsoft in a research report on Wednesday, February 14th. Finally, Zacks Investment Research raised Microsoft from a “hold” rating to a “buy” rating and set a $99.00 price objective for the company in a research report on Wednesday, January 17th. One analyst has rated the stock with a sell rating, seven have given a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the company. Microsoft has a consensus rating of “Buy” and a consensus target price of $100.14.

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Microsoft Company Profile

Microsoft Corporation develops, licenses, and supports software products, services, and devices worldwide. The company's Productivity and Business Processes segment offers Office 365 commercial products and services for businesses, including Office, Exchange, SharePoint, Skype for Business, and related Client Access Licenses (CALs); Office 365 consumer services, such as Skype, Outlook.com, and OneDrive; Dynamics business solutions, such as financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and mid-size businesses, large organizations, and divisions of enterprises; and LinkedIn online professional network.

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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