Bull Street Advisors LLC lifted its holdings in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 0.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,634 shares of the software giant’s stock after buying an additional 55 shares during the quarter. Microsoft comprises 2.7% of Bull Street Advisors LLC’s portfolio, making the stock its 12th biggest holding. Bull Street Advisors LLC’s holdings in Microsoft were worth $5,043,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MSFT. Aaron Wealth Advisors LLC increased its position in Microsoft by 35,465.9% in the first quarter. Aaron Wealth Advisors LLC now owns 20,611,140 shares of the software giant’s stock worth $66,852,000 after purchasing an additional 20,553,188 shares during the period. Vanguard Group Inc. increased its position in Microsoft by 0.9% in the first quarter. Vanguard Group Inc. now owns 621,598,157 shares of the software giant’s stock worth $191,644,927,000 after purchasing an additional 5,648,095 shares during the period. Swiss National Bank grew its position in shares of Microsoft by 13.8% during the 1st quarter. Swiss National Bank now owns 30,893,155 shares of the software giant’s stock worth $9,524,669,000 after buying an additional 3,757,500 shares during the period. Jennison Associates LLC grew its position in shares of Microsoft by 13.2% during the 1st quarter. Jennison Associates LLC now owns 23,092,331 shares of the software giant’s stock worth $7,119,597,000 after buying an additional 2,696,424 shares during the period. Finally, Verity Asset Management Inc. grew its position in shares of Microsoft by 21,811.0% during the 1st quarter. Verity Asset Management Inc. now owns 2,047,582 shares of the software giant’s stock worth $2,901,000 after buying an additional 2,038,237 shares during the period. 69.29% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on the company. Fundamental Research decreased their target price on Microsoft to $270.00 and set a “buy” rating for the company in a research report on Tuesday, November 8th. Stifel Nicolaus decreased their target price on Microsoft from $300.00 to $290.00 and set a “buy” rating for the company in a research report on Wednesday, October 26th. Itaú Unibanco started coverage on Microsoft in a report on Tuesday, July 26th. They set an “outperform” rating and a $287.00 price objective on the stock. JPMorgan Chase & Co. cut their price objective on Microsoft from $305.00 to $275.00 in a report on Wednesday, October 26th. Finally, Royal Bank of Canada cut their price objective on Microsoft from $380.00 to $310.00 and set an “outperform” 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. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $300.64.
Insider Buying and Selling
Microsoft Trading Up 0.3 %
Shares of Microsoft stock opened at $242.05 on Tuesday. The company has a quick ratio of 1.79, a current ratio of 1.84 and a debt-to-equity ratio of 0.26. The stock has a market cap of $1.80 trillion, a P/E ratio of 26.08, a P/E/G ratio of 2.32 and a beta of 0.92. Microsoft Co. has a 12-month low of $213.43 and a 12-month high of $349.67. The business’s 50 day moving average is $237.35 and its 200-day moving average is $255.89.
Microsoft (NASDAQ:MSFT – Get Rating) last posted its earnings results on Tuesday, October 25th. The software giant reported $2.35 earnings per share for the quarter, topping analysts’ consensus estimates of $2.30 by $0.05. The business had revenue of $50.12 billion for the quarter, compared to analyst estimates of $49.70 billion. Microsoft had a return on equity of 42.10% and a net margin of 34.37%. The firm’s revenue was up 10.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.27 EPS. Equities research analysts predict that Microsoft Co. will post 9.62 earnings per share for the current fiscal year.
Microsoft Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 8th. Investors of record on Thursday, November 17th will be issued a dividend of $0.68 per share. The ex-dividend date of this dividend is Wednesday, November 16th. This is a positive change from Microsoft’s previous quarterly dividend of $0.62. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.12%. Microsoft’s payout ratio is presently 29.31%.
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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