Microsoft Co. (NASDAQ:MSFT) is Northwestern Mutual Investment Management Company LLC’s 7th Largest Position

Northwestern Mutual Investment Management Company LLC raised its stake in Microsoft Co. (NASDAQ:MSFTGet Rating) by 0.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 326,514 shares of the software giant’s stock after purchasing an additional 2,991 shares during the quarter. Microsoft accounts for about 1.9% of Northwestern Mutual Investment Management Company LLC’s portfolio, making the stock its 7th biggest position. Northwestern Mutual Investment Management Company LLC’s holdings in Microsoft were worth $83,859,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. University of Texas Texas AM Investment Managment Co. increased its position in shares of Microsoft by 1,316.7% during the first quarter. University of Texas Texas AM Investment Managment Co. now owns 85 shares of the software giant’s stock valued at $26,000 after acquiring an additional 79 shares during the last quarter. Monumental Financial Group Inc. purchased a new stake in shares of Microsoft during the first quarter valued at approximately $28,000. Newfound Research LLC increased its position in shares of Microsoft by 25.4% during the second quarter. Newfound Research LLC now owns 296 shares of the software giant’s stock valued at $76,000 after acquiring an additional 60 shares during the last quarter. Darrow Company Inc. purchased a new stake in shares of Microsoft during the second quarter valued at approximately $82,000. Finally, Evolution Advisers Inc. increased its position in shares of Microsoft by 36.4% during the first quarter. Evolution Advisers Inc. now owns 341 shares of the software giant’s stock valued at $105,000 after acquiring an additional 91 shares during the last quarter. 69.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on MSFT. UBS Group set a $300.00 price target on Microsoft in a research report on Monday. Credit Suisse Group reduced their price objective on Microsoft from $400.00 to $365.00 and set an “outperform” rating for the company in a report on Wednesday, October 26th. Oppenheimer reduced their price objective on Microsoft from $275.00 to $265.00 in a report on Wednesday, October 26th. Barclays set a $296.00 price objective on Microsoft in a report on Tuesday, November 1st. Finally, Jefferies Financial Group reduced their price objective on Microsoft from $275.00 to $270.00 and set a “buy” rating for the company in a report on Wednesday, October 26th. Three 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $300.64.

Microsoft Trading Up 1.0 %

NASDAQ MSFT opened at $247.58 on Thursday. The stock’s 50-day simple moving average is $237.22 and its two-hundred day simple moving average is $255.68. Microsoft Co. has a twelve month low of $213.43 and a twelve month high of $344.30. 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 company has a market capitalization of $1.85 trillion, a price-to-earnings ratio of 26.68, a PEG ratio of 2.33 and a beta of 0.92.

Microsoft (NASDAQ:MSFTGet Rating) last released its quarterly 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. Microsoft had a return on equity of 42.10% and a net margin of 34.37%. The business had revenue of $50.12 billion for the quarter, compared to the consensus estimate of $49.70 billion. During the same quarter last year, the business posted $2.27 earnings per share. The company’s revenue for the quarter was up 10.6% on a year-over-year basis. Research analysts forecast that Microsoft Co. will post 9.62 EPS for the current fiscal 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. The ex-dividend date of this dividend is Wednesday, November 16th. This represents a $2.72 annualized dividend and a dividend yield of 1.10%. This is an increase from Microsoft’s previous quarterly dividend of $0.62. Microsoft’s payout ratio is currently 29.31%.

Insider Transactions at Microsoft

In other news, CMO Christopher C. Capossela sold 5,000 shares of Microsoft 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 transaction, 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 can be accessed through this link. Company insiders own 0.03% of the company’s stock.

About Microsoft

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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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