IVC Wealth Advisors LLC lifted its position in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 9.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,781 shares of the software giant’s stock after buying an additional 237 shares during the quarter. IVC Wealth Advisors LLC’s holdings in Microsoft were worth $714,000 as of its most recent filing with the SEC.
Other large investors have also made changes to their positions in the company. University of Texas Texas AM Investment Managment Co. grew its stake in shares of Microsoft by 1,316.7% in the 1st quarter. University of Texas Texas AM Investment Managment Co. now owns 85 shares of the software giant’s stock valued at $26,000 after buying an additional 79 shares in the last quarter. Monumental Financial Group Inc. bought a new stake in shares of Microsoft in the 1st quarter valued at approximately $28,000. Joseph Group Capital Management bought a new stake in shares of Microsoft in the 4th quarter valued at approximately $1,535,000. Tobam grew its stake in shares of Microsoft by 15,400.0% in the 1st quarter. Tobam now owns 155 shares of the software giant’s stock valued at $48,000 after buying an additional 154 shares in the last quarter. Finally, Artemis Wealth Advisors LLC bought a new stake in shares of Microsoft in the 1st quarter valued at approximately $68,000. Institutional investors own 69.29% of the company’s stock.
In other news, CMO Christopher C. Capossela sold 5,000 shares of the firm’s stock in a transaction on Monday, September 12th. The stock was sold at an average price of $266.25, for a total value of $1,331,250.00. Following the completion of the sale, the chief marketing officer now directly owns 109,837 shares in the company, valued at $29,244,101.25. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.05% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
MSFT has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. set a $320.00 target price on Microsoft in a research report on Thursday, June 9th. Wedbush decreased their target price on Microsoft from $340.00 to $320.00 and set an “outperform” rating for the company in a research report on Wednesday, July 27th. Itaú Unibanco initiated coverage on Microsoft in a research report on Tuesday, July 26th. They set an “outperform” rating and a $287.00 target price for the company. Morgan Stanley decreased their target price on Microsoft from $372.00 to $354.00 and set an “overweight” rating for the company in a research report on Tuesday, July 12th. Finally, KeyCorp decreased their target price on Microsoft from $373.00 to $330.00 and set an “overweight” rating for the company in a research report on Thursday, July 7th. Three research analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $332.77.
Microsoft Stock Up 0.8 %
Shares of NASDAQ MSFT opened at $240.98 on Friday. The stock has a market cap of $1.80 trillion, a PE ratio of 25.00, a PEG ratio of 2.04 and a beta of 0.94. The business has a fifty day moving average of $267.65 and a two-hundred day moving average of $272.65. Microsoft Co. has a 52-week low of $237.57 and a 52-week high of $349.67. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.75 and a current ratio of 1.78.
Microsoft (NASDAQ:MSFT – Get Rating) last issued its quarterly earnings data on Tuesday, July 26th. The software giant reported $2.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.28 by ($0.05). The company had revenue of $51.87 billion for the quarter, compared to the consensus estimate of $52.31 billion. Microsoft had a net margin of 36.69% and a return on equity of 43.31%. During the same period in the previous year, the business posted $2.17 earnings per share. As a group, equities research analysts expect that Microsoft Co. will post 10.15 earnings per share for the current fiscal year.
Microsoft Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 8th. Stockholders of record on Thursday, November 17th will be paid a $0.68 dividend. The ex-dividend date is Wednesday, November 16th. This is a positive change from Microsoft’s previous quarterly dividend of $0.62. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.13%. Microsoft’s dividend payout ratio (DPR) is 25.73%.
Microsoft Company Profile
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates in three segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, Microsoft Viva, and Skype for Business; Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and enterprise divisions.
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