Towerpoint Wealth LLC increased its holdings in Microsoft Co. (NASDAQ:MSFT) by 8.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,936 shares of the software giant’s stock after purchasing an additional 153 shares during the quarter. Towerpoint Wealth LLC’s holdings in Microsoft were worth $305,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of MSFT. Nuveen Asset Management LLC grew its stake in shares of Microsoft by 2,651.8% in the second quarter. Nuveen Asset Management LLC now owns 67,353,275 shares of the software giant’s stock worth $9,022,645,000 after purchasing an additional 64,905,685 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Microsoft by 1.3% in the second quarter. Vanguard Group Inc. now owns 613,005,516 shares of the software giant’s stock worth $82,118,218,000 after purchasing an additional 7,724,483 shares during the last quarter. Johanson Financial Advisors Inc. grew its stake in shares of Microsoft by 16,050.1% in the fourth quarter. Johanson Financial Advisors Inc. now owns 6,254,458 shares of the software giant’s stock worth $39,651,000 after purchasing an additional 6,215,731 shares during the last quarter. Edgewood Management LLC bought a new stake in shares of Microsoft in the second quarter worth $620,230,000. Finally, California Public Employees Retirement System grew its stake in shares of Microsoft by 27.6% in the third quarter. California Public Employees Retirement System now owns 18,465,052 shares of the software giant’s stock worth $2,567,196,000 after purchasing an additional 3,989,278 shares during the last quarter. 71.78% of the stock is currently owned by institutional investors.
MSFT stock opened at $163.18 on Thursday. The stock has a market capitalization of $1,236.86 billion, a PE ratio of 32.49, a price-to-earnings-growth ratio of 2.54 and a beta of 1.23. The company’s 50-day moving average is $156.07 and its 200-day moving average is $143.58. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.85 and a quick ratio of 2.81. Microsoft Co. has a 1 year low of $102.17 and a 1 year high of $163.94.
Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Wednesday, October 23rd. The software giant reported $1.38 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.24 by $0.14. Microsoft had a net margin of 31.66% and a return on equity of 39.14%. The company had revenue of $33.06 billion for the quarter, compared to analysts’ expectations of $32.24 billion. During the same quarter in the prior year, the firm earned $1.14 EPS. The business’s revenue was up 13.7% on a year-over-year basis. On average, analysts anticipate that Microsoft Co. will post 5.36 earnings per share for the current fiscal year.
Microsoft announced that its board has authorized a share buyback program on Wednesday, September 18th that allows the company to repurchase $40.00 billion in outstanding shares. This repurchase authorization allows the software giant to buy up to 3.8% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.
The firm 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 $0.51 dividend. The ex-dividend date is Wednesday, February 19th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.25%. Microsoft’s dividend payout ratio is presently 42.95%.
In related news, EVP Margaret L. Johnson sold 35,000 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were 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 owns 62,423 shares in the company, valued at approximately $9,364,074.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Jean Philippe Courtois sold 13,074 shares of the company’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 completion of the sale, the executive vice president now owns 611,855 shares in the company, valued at approximately $86,271,555. The disclosure for this sale can be found here. Insiders sold a total of 66,919 shares of company stock worth $9,817,790 in the last 90 days. 1.39% of the stock is currently owned by company insiders.
Several analysts recently weighed in on the stock. Credit Suisse Group boosted their price objective on shares of Microsoft from $155.00 to $180.00 and gave the stock an “outperform” rating in a research note on Monday. They noted that the move was a valuation call. Jefferies Financial Group reaffirmed a “buy” rating and set a $185.00 price target (up previously from $160.00) on shares of Microsoft in a research report on Thursday, January 9th. Mizuho reaffirmed a “buy” rating and set a $160.00 price target on shares of Microsoft in a research report on Wednesday, November 20th. Nomura set a $161.00 price target on shares of Microsoft and gave the company a “buy” rating in a research report on Tuesday, October 15th. Finally, Evercore ISI reaffirmed a “buy” rating and set a $170.00 price target on shares of Microsoft in a research report on Monday, December 16th. One research analyst has rated the stock with a hold rating, thirty-one have given a buy rating and two have issued a strong buy rating to the company. Microsoft currently has a consensus rating of “Buy” and a consensus price target of $165.97.
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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