Shulman DeMeo Asset Management LLC increased its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 3.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,236 shares of the software giant’s stock after purchasing an additional 107 shares during the quarter. Shulman DeMeo Asset Management LLC’s holdings in Microsoft were worth $510,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Wealthsource Partners LLC raised its stake in Microsoft by 5.0% in the third quarter. Wealthsource Partners LLC now owns 51,337 shares of the software giant’s stock valued at $7,137,000 after buying an additional 2,444 shares during the last quarter. Miracle Mile Advisors LLC raised its stake in Microsoft by 4.7% in the third quarter. Miracle Mile Advisors LLC now owns 86,948 shares of the software giant’s stock valued at $12,088,000 after buying an additional 3,915 shares during the last quarter. Global Retirement Partners LLC raised its stake in Microsoft by 34.6% in the third quarter. Global Retirement Partners LLC now owns 65,133 shares of the software giant’s stock valued at $9,055,000 after buying an additional 16,741 shares during the last quarter. AMI Asset Management Corp raised its stake in Microsoft by 15.7% in the third quarter. AMI Asset Management Corp now owns 503,586 shares of the software giant’s stock valued at $70,014,000 after buying an additional 68,174 shares during the last quarter. Finally, Penserra Capital Management LLC raised its stake in Microsoft by 1,170.3% in the third quarter. Penserra Capital Management LLC now owns 58,270 shares of the software giant’s stock valued at $8,098,000 after buying an additional 53,683 shares during the last quarter. Hedge funds and other institutional investors own 71.78% of the company’s stock.
MSFT has been the subject of a number of research analyst reports. Morgan Stanley reiterated a “buy” rating and issued a $189.00 price target on shares of Microsoft in a research note on Wednesday. Deutsche Bank increased their price target on Microsoft from $160.00 to $175.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. JPMorgan Chase & Co. reissued a “buy” rating and issued a $169.00 price objective on shares of Microsoft in a report on Thursday, October 24th. Evercore ISI reissued a “buy” rating and issued a $170.00 price objective on shares of Microsoft in a report on Monday, December 16th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $185.00 price objective (up from $160.00) on shares of Microsoft in a report on Thursday, January 9th. One equities research analyst has rated the stock with a hold rating, thirty-one have given a buy rating and two have given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $165.97.
Microsoft stock opened at $163.18 on Thursday. The firm has a market cap of $1,236.86 billion, a price-to-earnings ratio of 34.35, a price-to-earnings-growth ratio of 2.54 and a beta of 1.23. Microsoft Co. has a 52 week low of $102.17 and a 52 week high of $163.94. The business’s 50-day moving average price is $156.07 and its 200 day moving average price is $143.58. The company has a quick ratio of 2.81, a current ratio of 2.85 and a debt-to-equity ratio of 0.69.
Microsoft (NASDAQ:MSFT) last posted its earnings results on Wednesday, October 23rd. The software giant reported $1.38 EPS for the quarter, topping the consensus estimate of $1.24 by $0.14. The firm had revenue of $33.06 billion for the quarter, compared to analyst estimates of $32.24 billion. Microsoft had a return on equity of 39.14% and a net margin of 31.66%. Microsoft’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same period last year, the company earned $1.14 earnings per share. Equities analysts expect that Microsoft Co. will post 5.36 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Thursday, February 20th will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 1.25%. The ex-dividend date is Wednesday, February 19th. Microsoft’s dividend payout ratio (DPR) is 42.95%.
Microsoft declared that its Board of Directors has initiated a share repurchase program on Wednesday, September 18th that allows the company to buyback $40.00 billion in outstanding shares. This buyback authorization allows the software giant to reacquire up to 3.8% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.
In related news, EVP Jean Philippe Courtois sold 13,074 shares of the firm’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $141.00, for a total transaction of $1,843,434.00. Following the sale, the executive vice president now directly owns 611,855 shares of the company’s stock, valued at $86,271,555. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Margaret L. Johnson sold 35,000 shares of the firm’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $150.01, for a total value of $5,250,350.00. Following the sale, the executive vice president now directly owns 62,423 shares in the company, valued at $9,364,074.23. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 66,919 shares of company stock worth $9,817,790. 1.39% of the stock is owned by corporate insiders.
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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