Markel Corp Buys 32,000 Shares of Microsoft Co. (MSFT)

Markel Corp increased its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 11.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 312,000 shares of the software giant’s stock after acquiring an additional 32,000 shares during the quarter. Markel Corp’s holdings in Microsoft were worth $23,241,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of MSFT. K.J. Harrison & Partners Inc lifted its holdings in Microsoft by 14.4% in the 3rd quarter. K.J. Harrison & Partners Inc now owns 77,231 shares of the software giant’s stock worth $5,753,000 after buying an additional 9,700 shares during the period. Fortaleza Asset Management Inc. lifted its holdings in Microsoft by 47.5% in the 3rd quarter. Fortaleza Asset Management Inc. now owns 33,020 shares of the software giant’s stock worth $2,460,000 after buying an additional 10,640 shares during the period. Mosaic Family Wealth LLC lifted its holdings in Microsoft by 17.3% in the 3rd quarter. Mosaic Family Wealth LLC now owns 19,712 shares of the software giant’s stock worth $1,467,000 after buying an additional 2,913 shares during the period. Westwood Management Corp IL lifted its holdings in Microsoft by 0.5% in the 3rd quarter. Westwood Management Corp IL now owns 505,700 shares of the software giant’s stock worth $37,670,000 after buying an additional 2,600 shares during the period. Finally, Northstar Wealth Partners LLC lifted its holdings in Microsoft by 26.3% in the 3rd quarter. Northstar Wealth Partners LLC now owns 11,091 shares of the software giant’s stock worth $846,000 after buying an additional 2,312 shares during the period. Institutional investors and hedge funds own 73.16% of the company’s stock.

Several equities research analysts have weighed in on the company. Barclays set a $95.00 price objective on Microsoft and gave the stock an “overweight” rating in a report on Friday. Wells Fargo & Co reiterated an “outperform” rating and issued a $100.00 price objective (up previously from $90.00) on shares of Microsoft in a report on Friday. ValuEngine upgraded Microsoft from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Oppenheimer set a $80.00 price objective on Microsoft and gave the stock a “buy” rating in a report on Monday, September 25th. Finally, Zacks Investment Research cut Microsoft from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and thirty-one have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $86.97.

In related news, insider Frank H. Brod sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $84.08, for a total transaction of $1,261,200.00. Following the completion of the transaction, the insider now owns 116,205 shares of the company’s stock, valued at approximately $9,770,516.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Christopher C. Capossela sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $83.48, for a total value of $333,920.00. Following the transaction, the executive vice president now directly owns 185,278 shares of the company’s stock, valued at approximately $15,467,007.44. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 45,000 shares of company stock valued at $3,759,420. 1.49% of the stock is owned by corporate insiders.

Microsoft Co. (MSFT) opened at $89.60 on Friday. Microsoft Co. has a 52-week low of $62.03 and a 52-week high of $89.78. The company has a debt-to-equity ratio of 0.91, a quick ratio of 3.06 and a current ratio of 3.12. The firm has a market capitalization of $691,230.00, a P/E ratio of 30.27, a P/E/G ratio of 2.05 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 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.12. Microsoft had a return on equity of 35.23% and a net margin of 24.56%. The company had revenue of $24.50 billion during the quarter, compared to analyst estimates of $23.57 billion. During the same quarter last year, the company earned $0.76 EPS. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. equities analysts forecast that Microsoft Co. will post 3.39 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Investors of record on Thursday, February 15th will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date is Wednesday, February 14th. Microsoft’s dividend payout ratio (DPR) is presently 56.76%.

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Microsoft Company 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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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