MinichMacGregor Wealth Management LLC grew its position in Microsoft Co. (NASDAQ:MSFT) by 168.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,420 shares of the software giant’s stock after purchasing an additional 7,173 shares during the quarter. MinichMacGregor Wealth Management LLC’s holdings in Microsoft were worth $851,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MSFT. Royal London Asset Management Ltd. acquired a new stake in shares of Microsoft in the 2nd quarter valued at $406,699,000. Old Port Advisors bought a new position in shares of Microsoft in the second quarter valued at about $5,719,000. Sound Income Strategies LLC raised its holdings in shares of Microsoft by 36.3% in the third quarter. Sound Income Strategies LLC now owns 2,491 shares of the software giant’s stock valued at $285,000 after buying an additional 664 shares during the last quarter. Radnor Capital Management LLC raised its holdings in shares of Microsoft by 11.6% in the third quarter. Radnor Capital Management LLC now owns 78,233 shares of the software giant’s stock valued at $8,948,000 after buying an additional 8,136 shares during the last quarter. Finally, Boussard & Gavaudan Investment Management LLP bought a new position in shares of Microsoft in the third quarter valued at about $29,505,000. 72.89% of the stock is currently owned by institutional investors and hedge funds.
Shares of NASDAQ:MSFT opened at $120.77 on Wednesday. The stock has a market cap of $931.29 billion, a price-to-earnings ratio of 31.13, a PEG ratio of 2.22 and a beta of 1.21. Microsoft Co. has a 1-year low of $90.28 and a 1-year high of $121.65. The company has a debt-to-equity ratio of 0.82, a current ratio of 3.12 and a quick ratio of 3.08.
Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, January 30th. The software giant reported $1.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.09 by $0.01. The firm had revenue of $32.47 billion during the quarter, compared to analysts’ expectations of $32.53 billion. Microsoft had a return on equity of 39.52% and a net margin of 28.31%. The company’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.96 EPS. As a group, sell-side analysts expect that Microsoft Co. will post 4.41 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Wednesday, May 15th will be paid a $0.46 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.52%. Microsoft’s dividend payout ratio (DPR) is presently 47.42%.
A number of research firms recently issued reports on MSFT. Credit Suisse Group set a $125.00 price target on Microsoft and gave the company a “buy” rating in a report on Sunday, January 27th. UBS Group set a $125.00 price target on Microsoft and gave the company a “buy” rating in a report on Thursday, January 31st. Nomura cut their price target on Microsoft from $115.00 to $113.00 and set a “buy” rating for the company in a report on Thursday, January 31st. Citigroup reaffirmed a “neutral” rating and issued a $110.00 price target (down from $114.00) on shares of Microsoft in a report on Thursday, January 31st. Finally, Zacks Investment Research cut Microsoft from a “buy” rating to a “hold” rating in a report on Monday, January 28th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, thirty-one have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $123.85.
In other news, CMO Christopher C. Capossela sold 5,000 shares of the company’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $110.46, for a total value of $552,300.00. Following the completion of the sale, the chief marketing officer now directly owns 156,866 shares of the company’s stock, valued at approximately $17,327,418.36. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Christopher C. Capossela sold 10,500 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $111.48, for a total value of $1,170,540.00. Following the completion of the sale, the executive vice president now directly owns 156,866 shares of the company’s stock, valued at $17,487,421.68. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 333,667 shares of company stock valued at $35,657,016. 1.38% of the stock is currently owned by company insiders.
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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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