DAVENPORT & Co LLC grew its holdings in Microsoft Co. (NASDAQ:MSFT) by 0.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,146,937 shares of the software giant’s stock after acquiring an additional 2,577 shares during the period. Microsoft comprises about 2.5% of DAVENPORT & Co LLC’s investment portfolio, making the stock its 3rd biggest position. DAVENPORT & Co LLC’s holdings in Microsoft were worth $255,102,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. NuWave Investment Management LLC lifted its position in shares of Microsoft by 3,250.0% in the fourth quarter. NuWave Investment Management LLC now owns 134 shares of the software giant’s stock worth $30,000 after buying an additional 130 shares in the last quarter. Newfound Research LLC bought a new stake in Microsoft during the third quarter worth approximately $32,000. FNY Investment Advisers LLC bought a new stake in Microsoft during the third quarter worth approximately $45,000. Your Advocates Ltd. LLP increased its stake in Microsoft by 588.2% during the second quarter. Your Advocates Ltd. LLP now owns 351 shares of the software giant’s stock worth $71,000 after acquiring an additional 300 shares during the last quarter. Finally, Carolina Wealth Advisors LLC increased its stake in Microsoft by 20.1% during the third quarter. Carolina Wealth Advisors LLC now owns 341 shares of the software giant’s stock worth $72,000 after acquiring an additional 57 shares during the last quarter. Institutional investors and hedge funds own 63.89% of the company’s stock.
In other news, President Bradford L. Smith sold 200,000 shares of the stock in a transaction on Thursday, November 5th. The stock was sold at an average price of $222.58, for a total transaction of $44,516,000.00. Following the completion of the sale, the president now owns 778,439 shares in the company, valued at approximately $173,264,952.62. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Kathleen T. Hogan sold 30,000 shares of the stock in a transaction on Wednesday, December 9th. The shares were sold at an average price of $212.43, for a total value of $6,372,900.00. Following the sale, the executive vice president now owns 189,064 shares of the company’s stock, valued at approximately $40,162,865.52. The disclosure for this sale can be found here. In the last quarter, insiders have sold 334,500 shares of company stock valued at $74,142,240. Company insiders own 0.05% of the company’s stock.
Microsoft (NASDAQ:MSFT) last posted its earnings results on Tuesday, October 27th. The software giant reported $1.82 earnings per share for the quarter, topping analysts’ consensus estimates of $1.53 by $0.29. The company had revenue of $37.15 billion during the quarter, compared to analyst estimates of $35.67 billion. Microsoft had a return on equity of 40.74% and a net margin of 32.28%. Equities analysts expect that Microsoft Co. will post 6.73 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 11th. Stockholders of record on Thursday, February 18th will be issued a dividend of $0.56 per share. The ex-dividend date of this dividend is Wednesday, February 17th. This represents a $2.24 annualized dividend and a dividend yield of 1.04%. Microsoft’s dividend payout ratio is presently 38.89%.
MSFT has been the topic of several analyst reports. Credit Suisse Group set a $235.00 price objective on Microsoft and gave the stock a “buy” rating in a research note on Monday, January 4th. Bank of America reaffirmed a “buy” rating and set a $256.00 target price on shares of Microsoft in a research note on Wednesday, December 16th. Tigress Financial reaffirmed a “buy” rating on shares of Microsoft in a research note on Sunday, November 1st. Summit Insights cut Microsoft from a “buy” rating to a “hold” rating in a research note on Tuesday, September 29th. Finally, Sanford C. Bernstein set a $245.00 target price on Microsoft and gave the company a “buy” rating in a research note on Tuesday, December 1st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty-two have assigned a buy rating and two have issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $236.71.
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, as well as related Client Access Licenses (CAL); Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for small and medium businesses, large organizations, and divisions of enterprises.
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