Birinyi Associates Inc. Boosts Stock Position in Microsoft Co. (NASDAQ:MSFT)

Birinyi Associates Inc. raised its stake in Microsoft Co. (NASDAQ:MSFT) by 3.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 50,335 shares of the software giant’s stock after buying an additional 1,885 shares during the quarter. Microsoft comprises about 2.8% of Birinyi Associates Inc.’s portfolio, making the stock its 9th biggest holding. Birinyi Associates Inc.’s holdings in Microsoft were worth $6,735,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently bought and sold shares of MSFT. Orgel Wealth Management LLC raised its holdings in Microsoft by 1.2% in the second quarter. Orgel Wealth Management LLC now owns 6,492 shares of the software giant’s stock valued at $870,000 after acquiring an additional 74 shares in the last quarter. Planning Directions Inc. lifted its holdings in Microsoft by 3.2% in the second quarter. Planning Directions Inc. now owns 2,418 shares of the software giant’s stock valued at $324,000 after acquiring an additional 74 shares during the period. Weybosset Research & Management LLC lifted its holdings in Microsoft by 2.1% in the second quarter. Weybosset Research & Management LLC now owns 3,625 shares of the software giant’s stock valued at $486,000 after acquiring an additional 75 shares during the period. Torch Wealth Management LLC lifted its holdings in Microsoft by 0.4% in the second quarter. Torch Wealth Management LLC now owns 18,397 shares of the software giant’s stock valued at $2,464,000 after acquiring an additional 76 shares during the period. Finally, Harvey Investment Co. LLC lifted its holdings in Microsoft by 0.4% in the second quarter. Harvey Investment Co. LLC now owns 18,085 shares of the software giant’s stock valued at $2,423,000 after acquiring an additional 80 shares during the period. 72.39% of the stock is currently owned by institutional investors.

Shares of NASDAQ MSFT traded down $0.20 during mid-day trading on Friday, hitting $137.32. 16,359,830 shares of the company traded hands, compared to its average volume of 25,676,770. The business has a 50 day moving average of $137.25 and a two-hundred day moving average of $128.50. The stock has a market capitalization of $1,039.03 billion, a price-to-earnings ratio of 28.91, a PEG ratio of 2.37 and a beta of 1.22. 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 1 year low of $93.96 and a 1 year high of $141.68.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Thursday, July 18th. The software giant reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.16. The firm had revenue of $33.72 billion during the quarter, compared to the consensus estimate of $32.80 billion. Microsoft had a return on equity of 39.26% and a net margin of 31.18%. The business’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.13 EPS. As a group, research analysts anticipate that Microsoft Co. will post 5.22 EPS for the current year.

Several research analysts have recently issued reports on MSFT shares. Oppenheimer lifted their price target on Microsoft from $145.00 to $160.00 and gave the stock an “outperform” rating in a research note on Friday, July 19th. Wedbush reiterated an “outperform” rating on shares of Microsoft in a research report on Thursday, August 29th. Royal Bank of Canada restated a “buy” rating and issued a $153.00 price target on shares of Microsoft in a report on Wednesday, July 24th. Citigroup lifted their price target on Microsoft from $147.00 to $152.00 and gave the company a “neutral” rating in a report on Friday, July 19th. Finally, DZ Bank restated a “buy” rating on shares of Microsoft in a report on Friday, July 19th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the company. Microsoft presently has an average rating of “Buy” and an average price target of $149.21.

In other Microsoft news, CMO Christopher C. Capossela sold 3,372 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $138.06, for a total value of $465,538.32. Following the transaction, the chief marketing officer now directly owns 136,623 shares of the company’s stock, valued at approximately $18,862,171.38. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Frank H. Brod sold 4,000 shares of the 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 transaction, the insider now directly owns 64,152 shares in the company, valued at approximately $9,048,639.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 318,757 shares of company stock valued at $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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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