Tarbox Family Office Inc. grew its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 29.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,572 shares of the software giant’s stock after acquiring an additional 1,491 shares during the period. Tarbox Family Office Inc.’s holdings in Microsoft were worth $490,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. New Capital Management LP increased its holdings in shares of Microsoft by 0.5% during the first quarter. New Capital Management LP now owns 4,305 shares of the software giant’s stock worth $284,000 after purchasing an additional 22 shares during the period. Nottingham Advisors Inc. increased its holdings in shares of Microsoft by 0.4% during the second quarter. Nottingham Advisors Inc. now owns 5,399 shares of the software giant’s stock worth $372,000 after purchasing an additional 22 shares during the period. American Economic Planning Group Inc. ADV increased its holdings in shares of Microsoft by 0.5% during the second quarter. American Economic Planning Group Inc. ADV now owns 4,939 shares of the software giant’s stock worth $340,000 after purchasing an additional 23 shares during the period. Carderock Capital Management Inc. increased its holdings in shares of Microsoft by 0.7% during the second quarter. Carderock Capital Management Inc. now owns 3,981 shares of the software giant’s stock worth $274,000 after purchasing an additional 26 shares during the period. Finally, Appropriate Balance Financial Services Inc. increased its holdings in shares of Microsoft by 4.7% during the second quarter. Appropriate Balance Financial Services Inc. now owns 643 shares of the software giant’s stock worth $9,331,000 after purchasing an additional 29 shares during the period. Hedge funds and other institutional investors own 73.15% of the company’s stock.

In other Microsoft news, insider Frank H. Brod sold 18,000 shares of Microsoft stock in a transaction on Monday, December 4th. The shares were sold at an average price of $83.15, for a total value of $1,496,700.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Christopher C. Capossela sold 4,000 shares of Microsoft stock in a transaction on Friday, November 10th. The shares were sold at an average price of $83.46, for a total transaction of $333,840.00. Following the completion of the sale, the executive vice president now directly owns 189,278 shares of the company’s stock, valued at $15,797,141.88. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 45,000 shares of company stock valued at $3,759,420. Insiders own 1.49% of the company’s stock.

Microsoft Co. (NASDAQ:MSFT) opened at $85.51 on Monday. The stock has a market cap of $659,670.00, a price-to-earnings ratio of 28.89, a P/E/G ratio of 1.99 and a beta of 0.99. The company has a quick ratio of 3.06, a current ratio of 3.12 and a debt-to-equity ratio of 0.91. Microsoft Co. has a fifty-two week low of $61.95 and a fifty-two week high of $87.50.

Microsoft (NASDAQ:MSFT) last released its earnings results on Thursday, October 26th. The software giant reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.12. The business had revenue of $24.50 billion for the quarter, compared to analyst estimates of $23.57 billion. Microsoft had a net margin of 24.56% and a return on equity of 35.23%. Microsoft’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.76 earnings per share. equities analysts expect that Microsoft Co. will post 3.38 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Investors of record on Thursday, February 15th will be issued a $0.42 dividend. The ex-dividend date is Wednesday, February 14th. This represents a $1.68 annualized dividend and a yield of 1.96%. Microsoft’s payout ratio is 56.76%.

MSFT has been the topic of several recent research reports. ValuEngine raised shares of Microsoft from a “hold” rating to a “buy” rating in a report on Wednesday, September 6th. Canaccord Genuity reaffirmed a “buy” rating and set a $94.00 target price (up from $86.00) on shares of Microsoft in a report on Friday, October 27th. Atlantic Securities set a $83.00 target price on shares of Microsoft and gave the stock a “neutral” rating in a report on Friday, October 27th. UBS Group set a $105.00 target price on shares of Microsoft and gave the stock a “buy” rating in a report on Thursday, November 9th. Finally, Barclays reaffirmed an “overweight” rating and set a $89.00 target price (up from $82.00) on shares of Microsoft in a report on Friday, October 27th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and thirty have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $85.82.

COPYRIGHT VIOLATION NOTICE: “Tarbox Family Office Inc. Raises Holdings in Microsoft Co. (MSFT)” was published by TheOlympiaReport and is the property of of TheOlympiaReport. If you are reading this story on another site, it was stolen and republished in violation of United States and international copyright and trademark legislation. The legal version of this story can be viewed at https://theolympiareport.com/2017/12/25/tarbox-family-office-inc-raises-holdings-in-microsoft-co-msft.html.

Microsoft Profile

Microsoft Corporation is a technology company. The Company develops, licenses, and supports a range of software products, services and devices. The Company’s segments include Productivity and Business Processes, Intelligent Cloud and More Personal Computing. The Company’s products include operating systems; cross-device productivity applications; server applications; business solution applications; desktop and server management tools; software development tools; video games, and training and certification of computer system integrators and developers.

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

Receive News & Ratings for Microsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft and related companies with MarketBeat.com's FREE daily email newsletter.