Abner Herrman & Brock LLC Increases Position in Microsoft Co. (MSFT)

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Abner Herrman & Brock LLC boosted its holdings in Microsoft Co. (NASDAQ:MSFT) by 1.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 251,498 shares of the software giant’s stock after acquiring an additional 2,989 shares during the quarter. Microsoft accounts for approximately 3.9% of Abner Herrman & Brock LLC’s holdings, making the stock its 3rd largest position. Abner Herrman & Brock LLC’s holdings in Microsoft were worth $24,800,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in MSFT. Spectrum Financial Alliance Ltd LLC bought a new stake in Microsoft in the first quarter worth about $147,000. Ballew Advisors Inc bought a new stake in shares of Microsoft during the first quarter valued at approximately $164,000. Lara May & Associates LLC bought a new stake in shares of Microsoft during the first quarter valued at approximately $199,000. AlphaStar Capital Management LLC bought a new stake in shares of Microsoft during the fourth quarter valued at approximately $204,000. Finally, Trilogy Capital Inc. bought a new stake in shares of Microsoft during the fourth quarter valued at approximately $207,000. 71.80% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have recently weighed in on MSFT. Macquarie raised shares of Microsoft from a “neutral” rating to an “outperform” rating and set a $121.00 price target for the company in a research note on Friday. Cleveland Research reaffirmed a “buy” rating on shares of Microsoft in a research note on Tuesday, October 2nd. Credit Suisse Group set a $125.00 price target on shares of Microsoft and gave the company a “buy” rating in a research note on Tuesday, October 2nd. Oppenheimer set a $127.00 price objective on shares of Microsoft and gave the company a “buy” rating in a report on Monday, October 1st. Finally, Wells Fargo & Co reissued a “buy” rating and set a $130.00 price objective on shares of Microsoft in a report on Thursday, September 27th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty-one have issued a buy rating and two have assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $120.60.

Shares of NASDAQ:MSFT traded up $3.66 on Friday, hitting $109.57. 46,717,564 shares of the company were exchanged, compared to its average volume of 28,720,928. The company has a market capitalization of $880.63 billion, a P/E ratio of 28.24, a PEG ratio of 2.19 and a beta of 1.28. Microsoft Co. has a 1-year low of $77.25 and a 1-year high of $116.18. The company has a current ratio of 2.90, a quick ratio of 2.86 and a debt-to-equity ratio of 0.94.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Thursday, July 19th. The software giant reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.05. The company had revenue of $30.09 billion during the quarter, compared to the consensus estimate of $29.23 billion. Microsoft had a net margin of 15.02% and a return on equity of 36.69%. The firm’s quarterly revenue was up 17.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.75 earnings per share. Equities analysts forecast that Microsoft Co. will post 4.25 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 13th. Investors of record on Thursday, November 15th will be given a dividend of $0.46 per share. The ex-dividend date is Wednesday, November 14th. This is an increase from Microsoft’s previous quarterly dividend of $0.42. This represents a $1.84 dividend on an annualized basis and a yield of 1.68%. Microsoft’s payout ratio is currently 43.30%.

In other Microsoft news, CMO Christopher C. Capossela sold 23,337 shares of the company’s stock in a transaction dated Monday, September 10th. The shares were sold at an average price of $109.22, for a total value of $2,548,867.14. Following the completion of the transaction, the chief marketing officer now owns 190,570 shares in the company, valued at $20,814,055.40. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Kathleen T. Hogan sold 40,000 shares of the company’s stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $111.31, for a total transaction of $4,452,400.00. Following the completion of the transaction, the executive vice president now owns 339,972 shares of the company’s stock, valued at approximately $37,842,283.32. The disclosure for this sale can be found here. Insiders have sold 650,042 shares of company stock valued at $71,264,850 over the last 90 days. 1.49% of the stock is currently owned by insiders.

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 for businesses, 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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