ZWJ Investment Counsel Inc. Boosts Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

ZWJ Investment Counsel Inc. raised its stake in Microsoft Co. (NASDAQ:MSFTGet Rating) by 1.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 197,992 shares of the software giant’s stock after buying an additional 2,918 shares during the period. Microsoft makes up about 3.0% of ZWJ Investment Counsel Inc.’s investment portfolio, making the stock its 3rd largest holding. ZWJ Investment Counsel Inc.’s holdings in Microsoft were worth $50,850,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of MSFT. University of Texas Texas AM Investment Managment Co. grew its position in Microsoft by 1,316.7% during the 1st quarter. University of Texas Texas AM Investment Managment Co. now owns 85 shares of the software giant’s stock worth $26,000 after purchasing an additional 79 shares in the last quarter. Monumental Financial Group Inc. purchased a new position in Microsoft during the 1st quarter worth approximately $28,000. Tobam grew its position in Microsoft by 15,400.0% during the 1st quarter. Tobam now owns 155 shares of the software giant’s stock worth $48,000 after purchasing an additional 154 shares in the last quarter. Artemis Wealth Advisors LLC purchased a new position in Microsoft during the 1st quarter worth approximately $68,000. Finally, Newfound Research LLC grew its position in Microsoft by 25.4% during the 2nd quarter. Newfound Research LLC now owns 296 shares of the software giant’s stock worth $76,000 after purchasing an additional 60 shares in the last quarter. Institutional investors own 69.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on MSFT shares. Wedbush lowered their price objective on shares of Microsoft from $320.00 to $290.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 26th. Barclays set a $296.00 price objective on shares of Microsoft in a research report on Tuesday, November 1st. Moffett Nathanson initiated coverage on shares of Microsoft in a report on Thursday, September 22nd. They set a “hold” rating and a $285.00 price target on the stock. Wolfe Research lowered their price target on shares of Microsoft from $340.00 to $280.00 and set an “outperform” rating on the stock in a report on Wednesday, October 26th. Finally, Piper Sandler lowered their price target on shares of Microsoft from $275.00 to $265.00 and set an “overweight” rating on the stock in a report on Wednesday, October 26th. Three investment analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company’s stock. According to MarketBeat, Microsoft has a consensus rating of “Moderate Buy” and an average price target of $300.64.

Insider Activity

In related 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 value of $1,331,250.00. Following the sale, the chief marketing officer now owns 109,837 shares of the company’s stock, valued at $29,244,101.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.03% of the stock is owned by company insiders.

Microsoft Stock Down 2.3 %

Shares of MSFT opened at $241.55 on Tuesday. The company has a 50-day simple moving average of $239.20 and a 200-day simple moving average of $257.31. The firm has a market capitalization of $1.80 trillion, a P/E ratio of 26.03, a P/E/G ratio of 2.38 and a beta of 0.92. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.79 and a current ratio of 1.84. Microsoft Co. has a 52 week low of $213.43 and a 52 week high of $349.67.

Microsoft (NASDAQ:MSFTGet Rating) last announced its quarterly earnings data on Tuesday, October 25th. The software giant reported $2.35 EPS for the quarter, beating analysts’ consensus estimates of $2.30 by $0.05. The business had revenue of $50.12 billion during the quarter, compared to analyst estimates 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 prior year, the business earned $2.27 earnings per share. On average, equities research analysts expect that Microsoft Co. will post 9.62 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 given a dividend of $0.68 per share. The ex-dividend date of this dividend is Wednesday, November 16th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.13%. This is a positive change from Microsoft’s previous quarterly dividend of $0.62. Microsoft’s dividend payout ratio is currently 26.72%.

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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