Carmel Capital Partners LLC Boosts Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Carmel Capital Partners LLC grew its holdings in Microsoft Co. (NASDAQ:MSFTGet Rating) by 17.1% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,321 shares of the software giant’s stock after buying an additional 339 shares during the period. Carmel Capital Partners LLC’s holdings in Microsoft were worth $596,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of Microsoft by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 621,598,157 shares of the software giant’s stock worth $191,644,927,000 after acquiring an additional 5,648,095 shares during the last quarter. State Street Corp lifted its holdings in shares of Microsoft by 2.8% in the 4th quarter. State Street Corp now owns 302,541,869 shares of the software giant’s stock worth $101,750,881,000 after acquiring an additional 8,108,943 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Microsoft by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 129,107,118 shares of the software giant’s stock worth $43,313,705,000 after acquiring an additional 3,027,306 shares during the last quarter. Norges Bank bought a new stake in shares of Microsoft in the 4th quarter worth about $24,401,940,000. Finally, Nuveen Asset Management LLC lifted its holdings in shares of Microsoft by 1.0% in the 4th quarter. Nuveen Asset Management LLC now owns 57,181,533 shares of the software giant’s stock worth $19,231,292,000 after acquiring an additional 584,273 shares during the last quarter. 69.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on MSFT. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Microsoft from $350.00 to $330.00 and set a “buy” rating for the company in a report on Wednesday, July 27th. Moffett Nathanson assumed coverage on shares of Microsoft in a report on Thursday. They set a “hold” rating and a $285.00 price objective for the company. Guggenheim assumed coverage on shares of Microsoft in a report on Friday, August 12th. They set a “neutral” rating and a $292.00 price objective for the company. JPMorgan Chase & Co. set a $320.00 price objective on shares of Microsoft in a report on Thursday, June 9th. Finally, Credit Suisse Group set a $400.00 price objective on shares of Microsoft in a report on Tuesday, July 26th. Three equities research analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $332.77.

Microsoft Stock Performance

Shares of NASDAQ MSFT opened at $240.98 on Friday. The stock has a market cap of $1.80 trillion, a price-to-earnings ratio of 25.00, a PEG ratio of 2.04 and a beta of 0.94. Microsoft Co. has a 12 month low of $237.57 and a 12 month high of $349.67. The company has a 50 day simple moving average of $267.65 and a two-hundred day simple moving average of $272.65. The company has a current ratio of 1.78, a quick ratio of 1.75 and a debt-to-equity ratio of 0.28.

Microsoft (NASDAQ:MSFTGet Rating) last released its quarterly earnings data on Tuesday, July 26th. The software giant reported $2.23 earnings per share for the quarter, missing analysts’ consensus estimates of $2.28 by ($0.05). The business had revenue of $51.87 billion during the quarter, compared to analyst estimates of $52.31 billion. Microsoft had a return on equity of 43.31% and a net margin of 36.69%. During the same quarter in the previous year, the company earned $2.17 EPS. As a group, analysts predict that Microsoft Co. will post 10.15 earnings per share for the current year.

Microsoft Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 8th. Stockholders of record on Thursday, November 17th will be issued a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 1.13%. The ex-dividend date is Wednesday, November 16th. This is a boost from Microsoft’s previous quarterly dividend of $0.62. Microsoft’s payout ratio is 25.73%.

Insider Activity

In other news, CMO Christopher C. Capossela sold 5,000 shares of the business’s stock in a transaction dated 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 transaction, the chief marketing officer now owns 109,837 shares of the company’s stock, valued at approximately $29,244,101.25. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.05% of the company’s stock.

About Microsoft

(Get Rating)

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.

Featured Stories

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

Receive News & Ratings for Microsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft and related companies with MarketBeat.com's FREE daily email newsletter.