Microsoft Co. (NASDAQ:MSFT) Holdings Boosted by Consolidated Investment Group LLC

Consolidated Investment Group LLC boosted its position in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 15.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 29,889 shares of the software giant’s stock after purchasing an additional 4,000 shares during the period. Microsoft accounts for 1.5% of Consolidated Investment Group LLC’s investment portfolio, making the stock its 15th biggest holding. Consolidated Investment Group LLC’s holdings in Microsoft were worth $7,676,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cooper Financial Group grew its holdings in shares of Microsoft by 1.9% during the 1st quarter. Cooper Financial Group now owns 36,136 shares of the software giant’s stock valued at $11,141,000 after acquiring an additional 674 shares in the last quarter. DGS Capital Management LLC grew its holdings in shares of Microsoft by 19.9% during the 1st quarter. DGS Capital Management LLC now owns 14,342 shares of the software giant’s stock valued at $4,422,000 after acquiring an additional 2,383 shares in the last quarter. IFM Investors Pty Ltd grew its holdings in shares of Microsoft by 20.8% during the 1st quarter. IFM Investors Pty Ltd now owns 1,138,469 shares of the software giant’s stock valued at $351,001,000 after acquiring an additional 196,338 shares in the last quarter. Kwmg LLC grew its holdings in shares of Microsoft by 2.4% during the 1st quarter. Kwmg LLC now owns 18,890 shares of the software giant’s stock valued at $5,824,000 after acquiring an additional 437 shares in the last quarter. Finally, Essex LLC grew its holdings in shares of Microsoft by 194.4% during the 1st quarter. Essex LLC now owns 14,230 shares of the software giant’s stock valued at $4,387,000 after acquiring an additional 9,396 shares in the last quarter. 69.29% of the stock is currently owned by hedge funds and other institutional investors.

Microsoft Stock Performance

NASDAQ MSFT opened at $241.55 on Tuesday. The stock has a market cap of $1.80 trillion, a P/E ratio of 26.03, a PEG ratio of 2.38 and a beta of 0.92. The company’s 50-day simple moving average is $239.20 and its 200 day simple moving average is $257.31. Microsoft Co. has a twelve month low of $213.43 and a twelve month high of $349.67. The company has a quick ratio of 1.79, a current ratio of 1.84 and a debt-to-equity ratio of 0.26.

Microsoft (NASDAQ:MSFTGet Rating) last posted its earnings results on Tuesday, October 25th. The software giant reported $2.35 earnings per share for the quarter, beating analysts’ consensus estimates of $2.30 by $0.05. The business had revenue of $50.12 billion for the quarter, compared to analysts’ expectations of $49.70 billion. Microsoft had a net margin of 34.37% and a return on equity of 42.10%. The firm’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.27 earnings per share. As a group, research analysts forecast that Microsoft Co. will post 9.62 earnings per share for the current fiscal year.

Microsoft Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 8th. Shareholders of record on Thursday, November 17th will be paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 1.13%. This is a boost from Microsoft’s previous quarterly dividend of $0.62. The ex-dividend date is Wednesday, November 16th. Microsoft’s dividend payout ratio is currently 26.72%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on MSFT. Citigroup lowered their price target on shares of Microsoft from $300.00 to $282.00 and set a “buy” rating on the stock in a report on Wednesday, October 19th. Guggenheim initiated coverage on shares of Microsoft in a report on Friday, August 12th. They set a “neutral” rating and a $292.00 price target on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Microsoft from $305.00 to $275.00 in a report on Wednesday, October 26th. Morgan Stanley decreased their price objective on shares of Microsoft from $325.00 to $307.00 and set an “overweight” rating for the company in a report on Wednesday, October 26th. Finally, Jefferies Financial Group decreased their price objective on shares of Microsoft from $275.00 to $270.00 and set a “buy” rating for the company in a report on Wednesday, October 26th. Three equities research analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $300.64.

Insiders Place Their Bets

In other Microsoft news, CMO Christopher C. Capossela sold 5,000 shares of the company’s stock in a transaction dated Monday, September 12th. The shares were sold at an average price of $266.25, for a total transaction of $1,331,250.00. Following the sale, the chief marketing officer now directly owns 109,837 shares of the company’s stock, valued at $29,244,101.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.03% of the company’s stock.

Microsoft Company Profile

(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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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