Epstein & White Financial LLC Acquires 85 Shares of Microsoft Co. (NASDAQ:MSFT)

Epstein & White Financial LLC lifted its holdings in Microsoft Co. (NASDAQ:MSFT) by 1.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,876 shares of the software giant’s stock after buying an additional 85 shares during the period. Microsoft comprises 0.4% of Epstein & White Financial LLC’s holdings, making the stock its 20th largest holding. Epstein & White Financial LLC’s holdings in Microsoft were worth $1,026,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Geode Capital Management LLC grew its position in Microsoft by 2.0% in the first quarter. Geode Capital Management LLC now owns 115,684,966 shares of the software giant’s stock worth $18,213,038,000 after acquiring an additional 2,283,447 shares in the last quarter. Capital International Investors grew its position in Microsoft by 3.5% in the 1st quarter. Capital International Investors now owns 103,523,946 shares of the software giant’s stock valued at $16,326,780,000 after acquiring an additional 3,527,148 shares during the last quarter. Capital Research Global Investors increased its stake in Microsoft by 0.5% in the first quarter. Capital Research Global Investors now owns 93,247,848 shares of the software giant’s stock worth $14,706,128,000 after purchasing an additional 471,612 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Microsoft by 2.0% during the second quarter. Bank of New York Mellon Corp now owns 85,075,509 shares of the software giant’s stock worth $17,313,715,000 after purchasing an additional 1,667,999 shares during the last quarter. Finally, Legal & General Group Plc boosted its stake in shares of Microsoft by 2.8% during the first quarter. Legal & General Group Plc now owns 46,522,802 shares of the software giant’s stock valued at $7,337,453,000 after purchasing an additional 1,251,930 shares during the period. Hedge funds and other institutional investors own 69.93% of the company’s stock.

A number of equities research analysts recently weighed in on MSFT shares. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Microsoft from $230.00 to $245.00 and gave the company a “buy” rating in a report on Monday, October 12th. Citigroup boosted their price target on Microsoft from $179.00 to $216.00 and gave the company a “neutral” rating in a report on Thursday, July 16th. BMO Capital Markets increased their price objective on Microsoft from $212.00 to $235.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 15th. They noted that the move was a valuation call. Oppenheimer started coverage on Microsoft in a research report on Monday, August 3rd. They set a “hold” rating for the company. Finally, Tigress Financial reissued a “buy” rating on shares of Microsoft in a research report on Friday, July 31st. Four investment analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $220.30.

MSFT stock opened at $219.66 on Friday. The company has a market capitalization of $1,662.31 billion, a P/E ratio of 38.20, a price-to-earnings-growth ratio of 2.54 and a beta of 0.92. Microsoft Co. has a 12 month low of $132.52 and a 12 month high of $232.86. The firm’s fifty day simple moving average is $211.82 and its 200-day simple moving average is $196.06. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.52 and a quick ratio of 2.49.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Wednesday, July 22nd. The software giant reported $1.46 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.12. The company had revenue of $38.03 billion for the quarter, compared to the consensus estimate of $36.59 billion. Microsoft had a return on equity of 39.45% and a net margin of 30.96%. As a group, sell-side analysts forecast that Microsoft Co. will post 6.36 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Thursday, November 19th will be given a dividend of $0.56 per share. This is a boost from Microsoft’s previous quarterly dividend of $0.51. This represents a $2.24 annualized dividend and a yield of 1.02%. The ex-dividend date of this dividend is Wednesday, November 18th. Microsoft’s dividend payout ratio (DPR) is currently 35.42%.

In related news, EVP Jean Philippe Courtois sold 15,140 shares of the firm’s stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $215.00, for a total transaction of $3,255,100.00. Following the sale, the executive vice president now owns 560,498 shares in the company, valued at $120,507,070. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CMO Christopher C. Capossela sold 23,000 shares of Microsoft stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $210.70, for a total transaction of $4,846,100.00. Following the completion of the transaction, the chief marketing officer now directly owns 122,943 shares of the company’s stock, valued at approximately $25,904,090.10. The disclosure for this sale can be found here. Insiders sold 164,067 shares of company stock valued at $35,247,737 over the last three months. 1.39% of the stock is currently owned by corporate insiders.

Microsoft 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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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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