Griffin Asset Management Inc. bought a new position in shares of Microsoft Corporation (NASDAQ:MSFT) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 92,214 shares of the software giant’s stock, valued at approximately $6,356,000. Microsoft accounts for approximately 1.7% of Griffin Asset Management Inc.’s investment portfolio, making the stock its 18th largest holding.
Other large investors have also modified their holdings of the company. Appropriate Balance Financial Services Inc. increased its holdings in shares of Microsoft by 4.7% in the 2nd quarter. Appropriate Balance Financial Services Inc. now owns 643 shares of the software giant’s stock worth $9,331,000 after acquiring an additional 29 shares during the period. Acrospire Investment Management LLC increased its holdings in shares of Microsoft by 300.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,600 shares of the software giant’s stock worth $110,000 after acquiring an additional 1,200 shares during the period. Hefty Wealth Partners increased its holdings in shares of Microsoft by 65.6% in the 2nd quarter. Hefty Wealth Partners now owns 1,648 shares of the software giant’s stock worth $113,000 after acquiring an additional 653 shares during the period. Ullmann Financial Group Inc. acquired a new stake in shares of Microsoft in the 1st quarter worth about $132,000. Finally, Stelac Advisory Services LLC increased its holdings in shares of Microsoft by 23.5% in the 2nd quarter. Stelac Advisory Services LLC now owns 2,033 shares of the software giant’s stock worth $140,000 after acquiring an additional 387 shares during the period. 73.33% of the stock is currently owned by institutional investors.
Shares of Microsoft Corporation (MSFT) opened at $86.85 on Friday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 3.06 and a current ratio of 3.12. Microsoft Corporation has a 52 week low of $61.95 and a 52 week high of $87.09. The company has a market cap of $687,100.00, a PE ratio of 25.06, a price-to-earnings-growth ratio of 1.97 and a beta of 0.99.
Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Thursday, October 26th. The software giant reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.12. The company had revenue of $24.50 billion during 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%. The business’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.76 earnings per share. equities research analysts predict that Microsoft Corporation will post 3.38 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, February 15th will be given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend is Wednesday, February 14th. Microsoft’s dividend payout ratio (DPR) is 56.76%.
A number of analysts recently weighed in on MSFT shares. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $90.00 price objective on shares of Microsoft in a report on Sunday, August 27th. BMO Capital Markets reaffirmed a “buy” rating and issued a $86.00 price objective on shares of Microsoft in a report on Friday, August 25th. ValuEngine raised shares of Microsoft from a “hold” rating to a “buy” rating in a report on Wednesday, September 6th. KeyCorp reaffirmed a “buy” rating and issued a $82.00 price objective on shares of Microsoft in a report on Sunday, September 10th. Finally, Royal Bank of Canada reaffirmed a “buy” rating on shares of Microsoft in a report on Friday, September 8th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirty have assigned a buy rating to the stock. Microsoft presently has an average rating of “Buy” and a consensus price target of $85.28.
In other news, insider Frank H. Brod sold 15,000 shares of the stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $84.08, for a total value of $1,261,200.00. Following the completion of the sale, the insider now directly owns 116,205 shares of the company’s stock, valued at $9,770,516.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Frank H. Brod sold 18,000 shares of the stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $83.15, for a total transaction of $1,496,700.00. The disclosure for this sale can be found here. Insiders sold 45,000 shares of company stock valued at $3,759,420 over the last three months. 1.49% of the stock is owned by insiders.
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.
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