Appleton Partners Inc. MA Raises Stake in Microsoft Co. (MSFT)

Appleton Partners Inc. MA raised its position in Microsoft Co. (NASDAQ:MSFT) by 19.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 87,640 shares of the software giant’s stock after buying an additional 14,560 shares during the period. Appleton Partners Inc. MA’s holdings in Microsoft were worth $4,862,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of MSFT. Taylor Wealth Management Partners increased its position in shares of Microsoft by 76.2% in the fourth quarter. Taylor Wealth Management Partners now owns 650 shares of the software giant’s stock valued at $36,000 after buying an additional 281 shares in the last quarter. Creative Planning increased its position in shares of Microsoft by 66.7% in the fourth quarter. Creative Planning now owns 2,500 shares of the software giant’s stock valued at $0 after buying an additional 1,000 shares in the last quarter. Simplex Trading increased its position in shares of Microsoft by 8.4% in the fourth quarter. Simplex Trading now owns 3,355 shares of the software giant’s stock valued at $407,000 after buying an additional 259 shares in the last quarter. Baystate Wealth Management purchased a new position in shares of Microsoft during the fourth quarter valued at $256,000. Finally, Exchange Capital Management increased its position in shares of Microsoft by 6.1% in the fourth quarter. Exchange Capital Management now owns 4,783 shares of the software giant’s stock valued at $265,000 after buying an additional 275 shares in the last quarter.

Shares of Microsoft Co. (NASDAQ:MSFT) opened at 55.09 on Friday. Microsoft Co. has a 52 week low of $39.72 and a 52 week high of $56.85. The stock’s 50 day moving average is $53.70 and its 200-day moving average is $49.50. The firm has a market cap of $436.59 billion and a PE ratio of 38.99.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Thursday, January 28th. The software giant reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.07. The company earned $25.70 billion during the quarter, compared to analysts’ expectations of $25.24 billion. During the same quarter in the previous year, the business posted $0.71 EPS. The business’s quarterly revenue was down 1.7% compared to the same quarter last year. On average, equities analysts predict that Microsoft Co. will post $2.76 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 10th. Stockholders of record on Thursday, February 18th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 2.61%. The ex-dividend date is Tuesday, February 16th.

Several equities analysts have recently commented on MSFT shares. Goldman Sachs reissued a “neutral” rating and issued a $57.00 target price on shares of Microsoft in a report on Wednesday, December 30th. Vetr downgraded shares of Microsoft from a “buy” rating to a “hold” rating and set a $58.07 target price on the stock. in a report on Monday, December 7th. Sanford C. Bernstein reissued a “buy” rating and issued a $62.00 target price on shares of Microsoft in a report on Monday, December 7th. Nomura boosted their target price on shares of Microsoft from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday, December 9th. Finally, Pacific Crest reissued a “buy” rating on shares of Microsoft in a report on Monday, December 28th. Three analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $56.76.

In other news, insider G Mason Morfit sold 18,650,000 shares of Microsoft stock in a transaction dated Wednesday, November 11th. The stock was sold at an average price of $53.53, for a total value of $998,334,500.00. The sale was disclosed in a legal filing with the Securities Exchange Commission, which is available at this hyperlink.

Microsoft Corporation is engaged in developing, licensing and supporting a range of software products and services. The Company also designs and sells hardware, and delivers online advertising to the customers. The Company operates in five segments: Devices and Consumer (NASDAQ:MSFT) Licensing, DC Hardware, DC Other, Commercial Licensing, and Commercial Other. The Company’s products include operating systems for computing devices, servers, phones, and other intelligent devices; server applications for distributed computing environments; productivity applications; business solution applications; desktop and server management tools; software development tools; video games; and online advertising. It also offers cloud-based solutions that provide customers with software, services and content over the Internet by way of shared computing resources located in centralized data centers. It provides consulting and product and solution support services.

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Sunday, January 31st, 2016 EN

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