Wellington Shields & Co. LLC Has $11.02 Million Stake in Microsoft Co. (NASDAQ:MSFT)

Wellington Shields & Co. LLC cut its position in shares of Microsoft Co. (NASDAQ:MSFT) by 0.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 82,260 shares of the software giant’s stock after selling 371 shares during the quarter. Microsoft accounts for about 5.2% of Wellington Shields & Co. LLC’s portfolio, making the stock its 2nd biggest holding. Wellington Shields & Co. LLC’s holdings in Microsoft were worth $11,020,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Lunia Capital LP grew its stake in Microsoft by 9,650.2% in the fourth quarter. Lunia Capital LP now owns 17,036,540 shares of the software giant’s stock valued at $17,037,000 after purchasing an additional 16,861,809 shares in the last quarter. Thoroughbred Financial Services LLC grew its stake in Microsoft by 13,479.6% in the second quarter. Thoroughbred Financial Services LLC now owns 8,726,283 shares of the software giant’s stock valued at $872,628,000 after purchasing an additional 8,662,023 shares in the last quarter. Actiam N.V. bought a new position in Microsoft in the fourth quarter valued at approximately $117,106,000. Mawer Investment Management Ltd. grew its stake in Microsoft by 59.6% in the second quarter. Mawer Investment Management Ltd. now owns 3,029,648 shares of the software giant’s stock valued at $405,863,000 after purchasing an additional 1,131,228 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. grew its stake in Microsoft by 74.3% in the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 2,035,128 shares of the software giant’s stock valued at $180,823,000 after purchasing an additional 867,711 shares in the last quarter. Institutional investors and hedge funds own 72.39% of the company’s stock.

MSFT has been the subject of a number of analyst reports. Cowen initiated coverage on Microsoft in a research note on Thursday, July 11th. They issued an “outperform” rating and a $150.00 price target for the company. Royal Bank of Canada restated a “buy” rating and issued a $153.00 price target on shares of Microsoft in a research note on Wednesday, July 24th. KeyCorp reaffirmed a “buy” rating and issued a $155.00 price objective on shares of Microsoft in a research report on Thursday, August 29th. Oppenheimer raised their price objective on Microsoft from $145.00 to $160.00 and gave the company an “outperform” rating in a research report on Friday, July 19th. Finally, Credit Suisse Group set a $155.00 price objective on Microsoft and gave the company a “buy” rating in a research report on Wednesday, September 4th. One research analyst has rated the stock with a sell rating, two have given a hold rating, twenty-eight have issued a buy rating and one has given a strong buy rating to the company. Microsoft currently has a consensus rating of “Buy” and a consensus target price of $149.21.

NASDAQ:MSFT traded up $0.38 during mid-day trading on Friday, hitting $137.90. 3,561,005 shares of the stock were exchanged, compared to its average volume of 22,346,984. The stock has a market capitalization of $1,039.03 billion, a price-to-earnings ratio of 29.03, a price-to-earnings-growth ratio of 2.37 and a beta of 1.22. The firm’s 50-day simple moving average is $137.25 and its 200 day simple moving average is $128.50. The company has a debt-to-equity ratio of 0.71, a quick ratio of 2.50 and a current ratio of 2.53. Microsoft Co. has a fifty-two week low of $93.96 and a fifty-two week high of $141.68.

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

In related news, CAO Frank H. Brod sold 4,000 shares of Microsoft stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $137.17, for a total transaction of $548,680.00. Following the completion of the sale, the chief accounting officer now directly owns 54,306 shares of the company’s stock, valued at approximately $7,449,154.02. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Satya Nadella sold 99,837 shares of Microsoft stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $137.20, for a total value of $13,697,636.40. Following the sale, the chief executive officer now directly owns 1,124,339 shares of the company’s stock, valued at $154,259,310.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 318,757 shares of company stock valued at $43,735,918. 1.38% of the stock is currently owned by insiders.

Microsoft 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.

Recommended Story: What member countries make up the G-20?

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.