Klingenstein Fields & Co. LLC Has $16.61 Million Holdings in Microsoft Co. (MSFT)

Klingenstein Fields & Co. LLC boosted its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 91.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 163,515 shares of the software giant’s stock after acquiring an additional 78,196 shares during the quarter. Klingenstein Fields & Co. LLC’s holdings in Microsoft were worth $16,609,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Northwest Quadrant Wealth Management LLC boosted its holdings in shares of Microsoft by 2.7% in the third quarter. Northwest Quadrant Wealth Management LLC now owns 3,847 shares of the software giant’s stock valued at $430,000 after purchasing an additional 102 shares during the period. Conservest Capital Advisors Inc. boosted its holdings in shares of Microsoft by 5.2% in the fourth quarter. Conservest Capital Advisors Inc. now owns 2,082 shares of the software giant’s stock valued at $211,000 after purchasing an additional 102 shares during the period. Arvest Bank Trust Division boosted its holdings in shares of Microsoft by 1.0% in the fourth quarter. Arvest Bank Trust Division now owns 11,176 shares of the software giant’s stock valued at $1,135,000 after purchasing an additional 111 shares during the period. Beaton Management Co. Inc. boosted its holdings in shares of Microsoft by 0.8% in the third quarter. Beaton Management Co. Inc. now owns 15,492 shares of the software giant’s stock valued at $1,772,000 after purchasing an additional 120 shares during the period. Finally, Paragon Wealth Strategies LLC boosted its holdings in shares of Microsoft by 5.2% in the fourth quarter. Paragon Wealth Strategies LLC now owns 2,553 shares of the software giant’s stock valued at $256,000 after purchasing an additional 127 shares during the period. 72.94% of the stock is currently owned by institutional investors.

A number of brokerages recently issued reports on MSFT. Oppenheimer boosted their price target on Microsoft from $127.00 to $145.00 and gave the company an “outperform” rating in a report on Thursday. Wedbush boosted their price target on Microsoft from $150.00 to $155.00 and gave the company an “outperform” rating in a report on Thursday. Stifel Nicolaus reiterated an “in-line” rating and issued a $130.00 price target (up previously from $120.00) on shares of Microsoft in a report on Monday, April 22nd. BMO Capital Markets boosted their price target on Microsoft from $125.00 to $147.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Goldman Sachs Group reiterated a “buy” rating and issued a $131.00 price target on shares of Microsoft in a report on Thursday, April 18th. One research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-seven have issued a buy rating and three have assigned a strong buy rating to the company’s stock. Microsoft has a consensus rating of “Buy” and an average target price of $133.30.

Microsoft stock opened at $129.89 on Monday. The company has a quick ratio of 3.08, a current ratio of 2.97 and a debt-to-equity ratio of 0.70. The firm has a market cap of $1,000.13 billion, a price-to-earnings ratio of 33.48, a P/E/G ratio of 2.33 and a beta of 1.22. Microsoft Co. has a twelve month low of $92.45 and a twelve month high of $131.37.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Wednesday, April 24th. The software giant reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.14. The company had revenue of $30.57 billion during the quarter, compared to analyst estimates of $29.86 billion. Microsoft had a return on equity of 39.34% and a net margin of 28.58%. Microsoft’s revenue was up 14.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.95 earnings per share. Analysts anticipate that Microsoft Co. will post 4.55 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Wednesday, May 15th will be given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend is Wednesday, May 15th. Microsoft’s payout ratio is presently 47.42%.

In other news, insider Jean Philippe Courtois sold 28,147 shares of the company’s stock in a transaction on Friday, February 15th. The stock was sold at an average price of $108.14, for a total transaction of $3,043,816.58. Following the transaction, the insider now directly owns 497,162 shares of the company’s stock, valued at $53,763,098.68. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Satya Nadella sold 267,466 shares of the company’s stock in a transaction on Wednesday, February 6th. The stock was sold at an average price of $106.01, for a total value of $28,354,070.66. Following the transaction, the chief executive officer now directly owns 1,746,854 shares in the company, valued at $185,183,992.54. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 333,667 shares of company stock worth $35,657,016. Insiders own 1.38% of the company’s stock.

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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.

Further Reading: Net Income

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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