Van ECK Associates Corp Boosts Holdings in Microsoft Co. (NASDAQ:MSFT)

Van ECK Associates Corp increased its stake in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 9.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,059,358 shares of the software giant’s stock after buying an additional 93,188 shares during the period. Van ECK Associates Corp’s holdings in Microsoft were worth $272,075,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Cooper Financial Group grew its stake in Microsoft by 1.9% in the 1st quarter. Cooper Financial Group now owns 36,136 shares of the software giant’s stock worth $11,141,000 after buying an additional 674 shares in the last quarter. DGS Capital Management LLC raised its holdings in 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 buying an additional 2,383 shares during the last quarter. IFM Investors Pty Ltd raised its holdings in 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 buying an additional 196,338 shares during the last quarter. Kwmg LLC raised its holdings in 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 buying an additional 437 shares during the last quarter. Finally, Essex LLC raised its holdings in 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 buying an additional 9,396 shares during the last quarter. Hedge funds and other institutional investors own 69.29% of the company’s stock.

Insider Activity

In other news, CMO Christopher C. Capossela sold 5,000 shares of Microsoft stock in a transaction that occurred on 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 owns 109,837 shares in the company, valued at $29,244,101.25. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.03% of the company’s stock.

Microsoft Price Performance

NASDAQ MSFT opened at $241.22 on Monday. Microsoft Co. has a 12 month low of $213.43 and a 12 month high of $349.67. The stock has a market cap of $1.80 trillion, a price-to-earnings ratio of 25.99, a PEG ratio of 2.32 and a beta of 0.92. The company’s 50 day moving average is $237.85 and its two-hundred day moving average is $256.14. The company has a current ratio of 1.84, a quick ratio of 1.79 and a debt-to-equity ratio of 0.26.

Microsoft (NASDAQ:MSFTGet Rating) last released its earnings results on Tuesday, October 25th. The software giant reported $2.35 EPS for the quarter, topping analysts’ consensus estimates of $2.30 by $0.05. Microsoft had a net margin of 34.37% and a return on equity of 42.10%. The company had revenue of $50.12 billion for the quarter, compared to analysts’ expectations of $49.70 billion. During the same quarter last year, the business earned $2.27 EPS. The firm’s revenue was up 10.6% compared to the same quarter last year. As a group, research analysts anticipate 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 is Wednesday, November 16th. This represents a $2.72 annualized dividend and a dividend yield of 1.13%. This is a boost from Microsoft’s previous quarterly dividend of $0.62. Microsoft’s dividend payout ratio (DPR) is presently 29.31%.

Analysts Set New Price Targets

Several brokerages have commented on MSFT. Itaú Unibanco began coverage on shares of Microsoft in a report on Tuesday, July 26th. They issued an “outperform” rating and a $287.00 price objective for the company. 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. Credit Suisse Group decreased their price objective on shares of Microsoft from $400.00 to $365.00 and set an “outperform” rating for the company in a report on Wednesday, October 26th. Cowen decreased their price objective on shares of Microsoft from $310.00 to $285.00 and set an “outperform” rating for the company in a report on Wednesday, October 26th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Microsoft from $315.00 to $275.00 and set a “buy” rating for the company in a research note on Wednesday, October 26th. Three investment analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $300.64.

Microsoft Profile

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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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