Portland Global Advisors LLC boosted its position in Microsoft Co. (NASDAQ:MSFT) by 2.2% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 41,105 shares of the software giant’s stock after acquiring an additional 885 shares during the period. Microsoft accounts for approximately 2.7% of Portland Global Advisors LLC’s portfolio, making the stock its 10th largest holding. Portland Global Advisors LLC’s holdings in Microsoft were worth $8,365,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the stock. Leavell Investment Management Inc. raised its stake in Microsoft by 1.3% in the 2nd quarter. Leavell Investment Management Inc. now owns 90,941 shares of the software giant’s stock valued at $18,507,000 after acquiring an additional 1,147 shares during the period. Monarch Capital Management Inc. raised its stake in Microsoft by 0.7% in the 2nd quarter. Monarch Capital Management Inc. now owns 64,009 shares of the software giant’s stock valued at $13,026,000 after acquiring an additional 471 shares during the period. Madrona Financial Services LLC raised its stake in Microsoft by 6.7% in the 2nd quarter. Madrona Financial Services LLC now owns 21,486 shares of the software giant’s stock valued at $4,373,000 after acquiring an additional 1,342 shares during the period. Kavar Capital Partners LLC raised its stake in Microsoft by 1.7% in the 2nd quarter. Kavar Capital Partners LLC now owns 22,141 shares of the software giant’s stock valued at $4,506,000 after acquiring an additional 372 shares during the period. Finally, Spotlight Asset Group Inc. raised its stake in Microsoft by 1.4% in the 2nd quarter. Spotlight Asset Group Inc. now owns 18,297 shares of the software giant’s stock valued at $3,724,000 after acquiring an additional 251 shares during the period. Institutional investors and hedge funds own 70.59% of the company’s stock.
Shares of MSFT stock opened at $205.01 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.49 and a current ratio of 2.52. Microsoft Co. has a fifty-two week low of $130.78 and a fifty-two week high of $216.38. The stock has a 50 day moving average price of $202.18 and a two-hundred day moving average price of $178.77. The company has a market capitalization of $1,546.26 billion, a P/E ratio of 35.65, a PEG ratio of 2.33 and a beta of 0.93.
Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, July 22nd. The software giant reported $1.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.34 by $0.12. Microsoft had a return on equity of 39.45% and a net margin of 30.96%. The firm had revenue of $38.03 billion during the quarter, compared to the consensus estimate of $36.59 billion. As a group, equities analysts predict that Microsoft Co. will post 6.39 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 20th will be given a $0.51 dividend. The ex-dividend date is Wednesday, August 19th. This represents a $2.04 annualized dividend and a yield of 1.00%. Microsoft’s payout ratio is currently 35.42%.
MSFT has been the subject of a number of recent analyst reports. Griffin Securities lifted their target price on Microsoft from $192.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Citigroup lifted their target price on Microsoft from $179.00 to $216.00 and gave the company a “neutral” rating in a report on Thursday, July 16th. Argus lifted their target price on Microsoft from $200.00 to $235.00 and gave the company a “buy” rating in a report on Wednesday, June 24th. Stifel Nicolaus lifted their target price on Microsoft from $200.00 to $215.00 and gave the company a “buy” rating in a report on Monday, July 20th. Finally, Zacks Investment Research raised Microsoft from a “hold” rating to a “buy” rating and set a $195.00 target price for the company in a report on Wednesday, May 20th. Four investment analysts have rated the stock with a hold rating, thirty-three have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $213.23.
Microsoft Company Profile
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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