Ingalls & Snyder LLC Boosts Position in Microsoft Co. (MSFT)

Ingalls & Snyder LLC boosted its holdings in Microsoft Co. (NASDAQ:MSFT) by 2.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 369,166 shares of the software giant’s stock after acquiring an additional 7,960 shares during the quarter. Microsoft accounts for about 1.5% of Ingalls & Snyder LLC’s holdings, making the stock its 12th biggest position. Ingalls & Snyder LLC’s holdings in Microsoft were worth $31,578,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of MSFT. Capital Research Global Investors grew its position in Microsoft by 212.3% in the 2nd quarter. Capital Research Global Investors now owns 69,663,044 shares of the software giant’s stock valued at $4,801,874,000 after purchasing an additional 47,353,245 shares during the period. Janus Henderson Group PLC grew its position in Microsoft by 609.4% in the 2nd quarter. Janus Henderson Group PLC now owns 49,174,883 shares of the software giant’s stock valued at $3,389,625,000 after purchasing an additional 42,243,011 shares during the period. Vanguard Group Inc. boosted its holdings in Microsoft by 4.6% during the 2nd quarter. Vanguard Group Inc. now owns 564,052,011 shares of the software giant’s stock worth $38,880,105,000 after acquiring an additional 25,053,413 shares during the last quarter. Tiger Global Management LLC boosted its holdings in Microsoft by 395.2% during the 2nd quarter. Tiger Global Management LLC now owns 10,487,500 shares of the software giant’s stock worth $722,903,000 after acquiring an additional 8,369,500 shares during the last quarter. Finally, Polen Capital Management LLC purchased a new position in Microsoft during the 3rd quarter worth $527,480,000. 73.85% of the stock is owned by institutional investors and hedge funds.

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In related news, CMO Christopher C. Capossela sold 3,000 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $93.30, for a total value of $279,900.00. Following the sale, 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 this hyperlink. Also, EVP Christopher C. Capossela sold 3,500 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $93.00, for a total value of $325,500.00. Following the completion of the sale, the executive vice president now owns 171,278 shares in the company, valued at $15,928,854. 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 90 days. 1.49% of the stock is currently owned by company insiders.

MSFT has been the topic of a number of analyst reports. Barclays set a $95.00 price objective on shares of Microsoft and gave the stock an “overweight” rating in a report on Friday, January 12th. ValuEngine raised shares of Microsoft from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Oppenheimer lifted their price objective on shares of Microsoft to $115.00 and gave the stock an “outperform” rating in a report on Tuesday, January 9th. Credit Suisse Group reaffirmed an “outperform” rating and set a $115.00 price objective (up from $95.00) on shares of Microsoft in a report on Thursday, January 18th. Finally, BMO Capital Markets lifted their price objective on shares of Microsoft to $100.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the stock. Microsoft currently has an average rating of “Buy” and a consensus price target of $100.14.

Shares of NASDAQ:MSFT opened at $90.23 on Monday. The company has a current ratio of 2.89, a quick ratio of 2.85 and a debt-to-equity ratio of 1.01. The stock has a market capitalization of $694,752.38, a P/E ratio of 27.26, a P/E/G ratio of 2.09 and a beta of 1.07. Microsoft Co. has a fifty-two week low of $64.85 and a fifty-two week high of $97.24.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results 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 company had revenue of $28.92 billion for the quarter, compared to the consensus estimate of $28.42 billion. Microsoft had a net margin of 11.72% and a return on equity of 35.41%. The firm’s quarterly revenue was up 11.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.83 EPS. analysts expect that Microsoft Co. will post 3.63 EPS for the current year.

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

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About Microsoft

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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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