Microsoft Co. (NASDAQ:MSFT) is Woodstock Corp’s Largest Position

Woodstock Corp lessened its stake in Microsoft Co. (NASDAQ:MSFT) by 0.6% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 222,383 shares of the software giant’s stock after selling 1,395 shares during the quarter. Microsoft accounts for approximately 5.4% of Woodstock Corp’s portfolio, making the stock its biggest position. Woodstock Corp’s holdings in Microsoft were worth $30,918,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. New England Private Wealth Advisors LLC raised its position in shares of Microsoft by 0.7% during the 2nd quarter. New England Private Wealth Advisors LLC now owns 10,520 shares of the software giant’s stock worth $1,408,000 after acquiring an additional 72 shares in the last quarter. Orgel Wealth Management LLC raised its position in shares of Microsoft by 1.2% during the 2nd quarter. Orgel Wealth Management LLC now owns 6,492 shares of the software giant’s stock worth $870,000 after acquiring an additional 74 shares in the last quarter. Planning Directions Inc. increased its position in Microsoft by 3.2% during the second quarter. Planning Directions Inc. now owns 2,418 shares of the software giant’s stock worth $324,000 after buying an additional 74 shares during the period. Weybosset Research & Management LLC increased its position in Microsoft by 2.1% during the second quarter. Weybosset Research & Management LLC now owns 3,625 shares of the software giant’s stock worth $486,000 after buying an additional 75 shares during the period. Finally, Torch Wealth Management LLC increased its position in Microsoft by 0.4% during the second quarter. Torch Wealth Management LLC now owns 18,397 shares of the software giant’s stock worth $2,464,000 after buying an additional 76 shares during the period. Institutional investors and hedge funds own 72.16% of the company’s stock.

Shares of Microsoft stock traded up $2.05 during trading on Wednesday, reaching $137.72. The company’s stock had a trading volume of 2,558,736 shares, compared to its average volume of 24,929,936. 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 Co. has a 12-month low of $93.96 and a 12-month high of $142.37. The company has a market capitalization of $1,035.90 billion, a P/E ratio of 28.99, a price-to-earnings-growth ratio of 2.40 and a beta of 1.22. The business has a 50 day moving average price of $137.40 and a 200-day moving average price of $131.72.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Thursday, July 18th. The software giant reported $1.37 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.21 by $0.16. Microsoft had a return on equity of 39.26% and a net margin of 31.18%. The firm had revenue of $33.72 billion for the quarter, compared to the consensus estimate of $32.80 billion. During the same period in the previous year, the business earned $1.13 earnings per share. The company’s revenue for the quarter was up 12.1% compared to the same quarter last year. Research analysts predict that Microsoft Co. will post 5.23 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be paid a $0.51 dividend. The ex-dividend date of this dividend is Wednesday, November 20th. This is an increase from Microsoft’s previous quarterly dividend of $0.46. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.48%. Microsoft’s payout ratio is 38.74%.

Microsoft announced that its board has approved a share buyback program on Wednesday, September 18th that permits the company to buyback $40.00 billion in outstanding shares. This buyback authorization permits the software giant to purchase up to 3.8% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Several research analysts have commented on MSFT shares. Canaccord Genuity lifted their price target on Microsoft from $145.00 to $155.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. Jefferies Financial Group raised Microsoft from a “hold” rating to a “buy” rating and set a $160.00 price target on the stock in a research report on Monday. ValuEngine lowered Microsoft from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Goldman Sachs Group set a $151.00 price target on Microsoft and gave the stock a “buy” rating in a research report on Friday, July 19th. Finally, Deutsche Bank set a $155.00 price target on Microsoft and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Three research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the stock. Microsoft presently has a consensus rating of “Buy” and an average price target of $151.52.

In other Microsoft news, CEO Satya Nadella sold 99,837 shares of the business’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $137.20, for a total transaction of $13,697,636.40. Following the sale, the chief executive officer now directly owns 1,124,339 shares in the company, valued at $154,259,310.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Amy Hood sold 123,769 shares of the business’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $137.26, for a total value of $16,988,532.94. Following the sale, the chief financial officer now owns 433,940 shares in the company, valued at $59,562,604.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 318,757 shares of company stock worth $43,735,918. Company insiders own 1.38% of the company’s stock.

Microsoft Company Profile

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.

See Also: Return on Equity (ROE)

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.