Strategic Investment Advisors MI raised its position in shares of Microsoft Co. (NASDAQ:MSFT) by 12.6% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,498 shares of the software giant’s stock after buying an additional 1,402 shares during the period. Strategic Investment Advisors MI’s holdings in Microsoft were worth $2,629,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in MSFT. Geode Capital Management LLC grew its position in shares of Microsoft by 2.0% in the 1st quarter. Geode Capital Management LLC now owns 115,684,966 shares of the software giant’s stock worth $18,213,038,000 after buying an additional 2,283,447 shares during the last quarter. Capital International Investors boosted its holdings in Microsoft by 3.5% in the first 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 in the last quarter. Capital Research Global Investors increased its position in Microsoft by 0.5% during the 1st quarter. Capital Research Global Investors now owns 93,247,848 shares of the software giant’s stock valued at $14,706,128,000 after purchasing an additional 471,612 shares during the period. Bank of New York Mellon Corp raised its holdings in Microsoft by 2.0% in the 2nd 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 in the last quarter. Finally, Legal & General Group Plc lifted its position in shares of Microsoft by 2.8% in the 1st quarter. Legal & General Group Plc now owns 46,522,802 shares of the software giant’s stock worth $7,337,453,000 after purchasing an additional 1,251,930 shares during the period. 69.93% of the stock is currently owned by institutional investors and hedge funds.
Shares of NASDAQ:MSFT opened at $219.66 on Friday. The stock’s 50-day simple moving average is $211.82 and its two-hundred day simple moving average is $196.06. The stock has a market capitalization of $1,662.31 billion, a price-to-earnings ratio of 38.20, a PEG ratio of 2.54 and a beta of 0.92. Microsoft Co. has a 52-week low of $132.52 and a 52-week high of $232.86. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.49 and a current ratio of 2.52.
Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Wednesday, July 22nd. The software giant reported $1.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.12. Microsoft had a net margin of 30.96% and a return on equity of 39.45%. The company had revenue of $38.03 billion for the quarter, compared to the consensus estimate of $36.59 billion. As a group, equities analysts forecast that Microsoft Co. will post 6.36 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Thursday, November 19th will be paid a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 1.02%. The ex-dividend date is Wednesday, November 18th. This is a boost from Microsoft’s previous quarterly dividend of $0.51. Microsoft’s dividend payout ratio (DPR) is currently 35.42%.
A number of equities analysts recently issued reports on MSFT shares. Royal Bank of Canada increased their price target on shares of Microsoft from $230.00 to $250.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 13th. DZ Bank restated a “buy” rating on shares of Microsoft in a research note on Thursday, July 23rd. Tigress Financial reaffirmed a “buy” rating on shares of Microsoft in a research note on Friday, July 31st. Raymond James increased their price objective on Microsoft from $208.00 to $225.00 and gave the stock a “strong-buy” rating in a report on Monday, July 20th. Finally, BMO Capital Markets boosted their target price on shares of Microsoft from $212.00 to $235.00 and gave the company an “outperform” rating in a report on Wednesday, July 15th. They noted that the move was a valuation call. Four investment analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $220.30.
In related news, EVP Kathleen T. Hogan sold 30,871 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $209.90, for a total transaction of $6,479,822.90. Following the completion of the transaction, the executive vice president now directly owns 176 shares in the company, valued at approximately $36,942.40. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Jean Philippe Courtois sold 15,014 shares of the stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $213.59, for a total transaction of $3,206,840.26. Following the completion of the sale, the executive vice president now directly owns 545,484 shares of the company’s stock, valued at $116,509,927.56. The disclosure for this sale can be found here. In the last three months, insiders have sold 164,067 shares of company stock valued at $35,247,737. Insiders own 1.39% of the company’s stock.
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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