Valmark Advisers Inc. Grows Stake in Microsoft Co. (NASDAQ:MSFT)

Valmark Advisers Inc. grew its holdings in Microsoft Co. (NASDAQ:MSFT) by 19.4% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 12,439 shares of the software giant’s stock after acquiring an additional 2,025 shares during the period. Valmark Advisers Inc.’s holdings in Microsoft were worth $1,729,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Navellier & Associates Inc raised its position in shares of Microsoft by 0.6% in the 2nd quarter. Navellier & Associates Inc now owns 15,304 shares of the software giant’s stock worth $2,050,000 after acquiring an additional 95 shares in the last quarter. Legacy Financial Strategies LLC bought a new position in shares of Microsoft in the 2nd quarter worth approximately $211,000. Axiom International Investors LLC DE raised its position in shares of Microsoft by 24.3% in the 2nd quarter. Axiom International Investors LLC DE now owns 1,042,490 shares of the software giant’s stock worth $139,652,000 after acquiring an additional 203,715 shares in the last quarter. Independence Bank of Kentucky raised its position in shares of Microsoft by 0.6% in the 2nd quarter. Independence Bank of Kentucky now owns 14,960 shares of the software giant’s stock worth $2,004,000 after acquiring an additional 95 shares in the last quarter. Finally, Holderness Investments Co. raised its position in shares of Microsoft by 0.4% in the 2nd quarter. Holderness Investments Co. now owns 63,296 shares of the software giant’s stock worth $8,479,000 after acquiring an additional 237 shares in the last quarter. Institutional investors and hedge funds own 72.17% of the company’s stock.

Several research analysts have recently issued reports on the company. Mizuho reissued a “buy” rating and issued a $160.00 target price on shares of Microsoft in a research report on Wednesday, November 20th. Evercore ISI set a $160.00 target price on Microsoft and gave the stock a “buy” rating in a research report on Friday, October 18th. Morgan Stanley increased their target price on Microsoft from $155.00 to $157.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Barclays set a $168.00 target price on Microsoft and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Sanford C. Bernstein reissued a “buy” rating and issued a $167.00 target price on shares of Microsoft in a research report on Monday, October 28th. One equities research analyst has rated the stock with a hold rating, thirty 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 a consensus price target of $159.45.

In other Microsoft news, CMO Christopher C. Capossela sold 2,500 shares of Microsoft stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $144.01, for a total value of $360,025.00. Following the completion of the sale, the chief marketing officer now owns 118,944 shares of the company’s stock, valued at approximately $17,129,125.44. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Jean Philippe Courtois sold 11,345 shares of Microsoft stock in a transaction on Monday, October 28th. The stock was sold at an average price of $145.06, for a total value of $1,645,705.70. Following the completion of the sale, the executive vice president now directly owns 611,855 shares of the company’s stock, valued at approximately $88,755,686.30. The disclosure for this sale can be found here. In the last three months, insiders sold 332,804 shares of company stock valued at $45,823,569. Corporate insiders own 1.39% of the company’s stock.

MSFT stock opened at $149.59 on Monday. Microsoft Co. has a twelve month low of $93.96 and a twelve month high of $151.33. The company has a quick ratio of 2.81, a current ratio of 2.85 and a debt-to-equity ratio of 0.69. The firm has a market cap of $1,140.35 billion, a PE ratio of 31.49, a price-to-earnings-growth ratio of 2.35 and a beta of 1.23. The business has a 50 day moving average of $142.59 and a 200 day moving average of $136.40.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Wednesday, October 23rd. The software giant reported $1.38 EPS for the quarter, topping the Zacks’ consensus estimate of $1.24 by $0.14. The business had revenue of $33.06 billion during the quarter, compared to analyst estimates of $32.24 billion. Microsoft had a return on equity of 39.14% and a net margin of 31.66%. The company’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.14 EPS. On average, research analysts expect that Microsoft Co. will post 5.35 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be issued a $0.51 dividend. This is a positive change from Microsoft’s previous quarterly dividend of $0.46. The ex-dividend date is Wednesday, November 20th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.36%. Microsoft’s dividend payout ratio (DPR) is presently 42.95%.

Microsoft announced that its board has approved a share buyback program on Wednesday, September 18th that allows the company to repurchase $40.00 billion in shares. This repurchase authorization allows the software giant to buy up to 3.8% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

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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