Welch Group LLC Has $35.20 Million Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Welch Group LLC reduced its stake in Microsoft Co. (NASDAQ:MSFT) by 5.4% in the second quarter, Holdings Channel.com reports. The institutional investor owned 262,794 shares of the software giant’s stock after selling 15,057 shares during the period. Microsoft comprises 3.8% of Welch Group LLC’s holdings, making the stock its largest position. Welch Group LLC’s holdings in Microsoft were worth $35,204,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Stony Point Wealth Management Inc. increased its stake in shares of Microsoft by 41.2% in the 4th quarter. Stony Point Wealth Management Inc. now owns 10,850 shares of the software giant’s stock valued at $1,102,000 after buying an additional 3,164 shares during the period. Pennsylvania Trust Co increased its stake in shares of Microsoft by 3.4% in the 4th quarter. Pennsylvania Trust Co now owns 461,221 shares of the software giant’s stock valued at $46,847,000 after buying an additional 15,118 shares during the period. TRUE Private Wealth Advisors increased its stake in shares of Microsoft by 20.6% in the 4th quarter. TRUE Private Wealth Advisors now owns 50,710 shares of the software giant’s stock valued at $5,150,000 after buying an additional 8,672 shares during the period. Denali Advisors LLC acquired a new stake in shares of Microsoft in the 4th quarter valued at $91,000. Finally, QUANTRES ASSET MANAGEMENT Ltd acquired a new stake in shares of Microsoft in the 4th quarter valued at $396,000. 72.12% of the stock is owned by institutional investors.

A number of equities research analysts recently commented on MSFT shares. Nomura lifted their price objective on Microsoft from $124.00 to $131.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. KeyCorp lifted their price objective on Microsoft from $143.00 to $155.00 and gave the stock an “overweight” rating in a research note on Friday, July 19th. Stifel Nicolaus lifted their price objective on Microsoft from $150.00 to $155.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. Credit Suisse Group lifted their price objective on Microsoft from $145.00 to $155.00 and gave the stock an “outperform” rating in a research note on Friday, July 19th. Finally, Barclays lifted their price objective on Microsoft from $132.00 to $152.00 and gave the stock an “overweight” rating in a research note on Thursday, April 25th. One analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Microsoft has an average rating of “Buy” and an average price target of $149.21.

In other news, EVP Kathleen T. Hogan sold 15,947 shares of the business’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $133.17, for a total value of $2,123,661.99. Following the sale, the executive vice president now directly owns 202,518 shares in the company, valued at $26,969,322.06. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Frank H. Brod sold 4,000 shares of the business’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $141.05, for a total value of $564,200.00. Following the completion of the sale, the insider now owns 64,152 shares in the company, valued at $9,048,639.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 24,947 shares of company stock valued at $3,317,962. Insiders own 1.38% of the company’s stock.

NASDAQ:MSFT traded down $2.42 on Friday, reaching $135.64. The company’s stock had a trading volume of 981,204 shares, compared to its average volume of 20,402,828. Microsoft Co. has a 1-year low of $93.96 and a 1-year high of $141.68. The company has a current ratio of 2.53, a quick ratio of 2.50 and a debt-to-equity ratio of 0.71. The stock has a market cap of $1,075.48 billion, a price-to-earnings ratio of 28.56, a PEG ratio of 2.45 and a beta of 1.21. The stock’s 50-day moving average price is $136.87.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Thursday, July 18th. The software giant reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $32.80 billion. During the same period in the previous year, the firm earned $1.13 earnings per share. The company’s revenue was up 12.1% on a year-over-year basis. As a group, equities research analysts forecast that Microsoft Co. will post 5.21 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 15th will be paid a $0.46 dividend. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $1.84 dividend on an annualized basis and a yield of 1.36%. Microsoft’s payout ratio is 38.74%.

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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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