Locust Wood Capital Advisers LLC Buys 58,500 Shares of Microsoft Co. (NASDAQ:MSFT)

Share on StockTwits

Locust Wood Capital Advisers LLC grew its stake in Microsoft Co. (NASDAQ:MSFT) by 14.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 477,011 shares of the software giant’s stock after purchasing an additional 58,500 shares during the period. Microsoft comprises about 4.7% of Locust Wood Capital Advisers LLC’s investment portfolio, making the stock its 4th biggest position. Locust Wood Capital Advisers LLC’s holdings in Microsoft were worth $63,900,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Access Financial Services Inc. grew its position in Microsoft by 2.0% in the 2nd quarter. Access Financial Services Inc. now owns 13,217 shares of the software giant’s stock worth $1,771,000 after purchasing an additional 253 shares during the last quarter. Carnegie Capital Asset Management LLC boosted its position in shares of Microsoft by 6.1% during the 2nd quarter. Carnegie Capital Asset Management LLC now owns 277,708 shares of the software giant’s stock valued at $37,202,000 after acquiring an additional 15,867 shares in the last quarter. Cypress Wealth Services LLC boosted its position in shares of Microsoft by 6.1% during the 2nd quarter. Cypress Wealth Services LLC now owns 27,253 shares of the software giant’s stock valued at $3,651,000 after acquiring an additional 1,558 shares in the last quarter. Daiwa Securities Group Inc. boosted its position in shares of Microsoft by 1.1% during the 2nd quarter. Daiwa Securities Group Inc. now owns 387,836 shares of the software giant’s stock valued at $51,953,000 after acquiring an additional 4,353 shares in the last quarter. Finally, Clarus Wealth Advisors boosted its position in shares of Microsoft by 4.8% during the 2nd quarter. Clarus Wealth Advisors now owns 8,079 shares of the software giant’s stock valued at $1,082,000 after acquiring an additional 373 shares in the last quarter. Institutional investors own 72.38% of the company’s stock.

In other Microsoft news, EVP Kathleen T. Hogan sold 15,947 shares of the business’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $133.17, for a total value of $2,123,661.99. Following the completion of the transaction, the executive vice president now directly owns 202,518 shares of the company’s stock, valued at $26,969,322.06. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Frank H. Brod sold 4,000 shares of the business’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $141.05, for a total transaction of $564,200.00. Following the completion of the transaction, the insider now directly owns 64,152 shares of the company’s stock, valued at $9,048,639.60. The disclosure for this sale can be found here. Insiders have sold a total of 26,819 shares of company stock valued at $3,636,400 over the last three months. 1.38% of the stock is currently owned by insiders.

Several analysts have recently weighed in on MSFT shares. Piper Jaffray Companies lifted their target price on shares of Microsoft from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Thursday, April 25th. BMO Capital Markets lifted their target price on shares of Microsoft from $147.00 to $153.00 and gave the company an “outperform” rating in a research report on Tuesday, July 16th. Canaccord Genuity lifted their target price on shares of Microsoft from $145.00 to $155.00 and gave the company a “buy” rating in a research report on Friday, July 19th. Citigroup lifted their target price on shares of Microsoft from $147.00 to $152.00 and gave the company a “neutral” rating in a research report on Friday, July 19th. Finally, Deutsche Bank set a $155.00 target price on shares of Microsoft and gave the company a “buy” rating in a research report on Wednesday, July 17th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-eight have given a buy rating and two have given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $149.21.

Shares of MSFT stock opened at $138.60 on Wednesday. Microsoft Co. has a 12-month low of $93.96 and a 12-month high of $141.68. The company has a market cap of $1,051.47 billion, a P/E ratio of 29.18, a P/E/G ratio of 2.39 and a beta of 1.23. The company’s 50-day moving average price is $137.27. The company has a quick ratio of 2.50, a current ratio of 2.53 and a debt-to-equity ratio of 0.71.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Thursday, July 18th. The software giant reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.16. Microsoft had a net margin of 31.18% and a return on equity of 39.26%. The firm had revenue of $33.72 billion during the quarter, compared to the consensus estimate of $32.80 billion. During the same period last year, the firm posted $1.13 EPS. The firm’s quarterly revenue was up 12.1% on a year-over-year basis. As a group, equities research analysts predict that Microsoft Co. will post 5.22 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Thursday, August 15th will be issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 1.33%. The ex-dividend date is Wednesday, August 14th. Microsoft’s dividend payout ratio is currently 38.74%.

About Microsoft

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

Featured Story: What is operating income?

Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Co. (NASDAQ:MSFT).

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

Receive News & Ratings for Microsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Stock Analysts’ Downgrades for September, 19th
Stock Analysts’ Downgrades for September, 19th
Investment Analysts’ Upgrades for September, 19th
Investment Analysts’ Upgrades for September, 19th
J Sainsbury  Lifted to Buy at UBS Group
J Sainsbury Lifted to Buy at UBS Group
JD Sports Fashion  Price Target Raised to GBX 680
JD Sports Fashion Price Target Raised to GBX 680
Trainline  Price Target Increased to GBX 480 by Analysts at Morgan Stanley
Trainline Price Target Increased to GBX 480 by Analysts at Morgan Stanley
National Health Investors  Stock Rating Lowered by Zacks Investment Research
National Health Investors Stock Rating Lowered by Zacks Investment Research


© 2006-2019 Ticker Report