Penobscot Wealth Management Has $1.97 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

Penobscot Wealth Management increased its position in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 3.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,676 shares of the software giant’s stock after buying an additional 256 shares during the quarter. Microsoft comprises about 1.9% of Penobscot Wealth Management’s portfolio, making the stock its 16th biggest position. Penobscot Wealth Management’s holdings in Microsoft were worth $1,971,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Platform Technology Partners raised its stake in shares of Microsoft by 6.5% in the second quarter. Platform Technology Partners now owns 38,385 shares of the software giant’s stock worth $9,859,000 after purchasing an additional 2,344 shares during the last quarter. Highland Financial Advisors LLC purchased a new stake in shares of Microsoft in the second quarter worth approximately $408,000. Van Hulzen Asset Management LLC raised its stake in shares of Microsoft by 11.4% in the second quarter. Van Hulzen Asset Management LLC now owns 115,153 shares of the software giant’s stock worth $29,575,000 after purchasing an additional 11,758 shares during the last quarter. Bedel Financial Consulting Inc. raised its stake in shares of Microsoft by 1.8% in the second quarter. Bedel Financial Consulting Inc. now owns 33,415 shares of the software giant’s stock worth $8,582,000 after purchasing an additional 581 shares during the last quarter. Finally, GW Henssler & Associates Ltd. raised its stake in shares of Microsoft by 1.5% in the second quarter. GW Henssler & Associates Ltd. now owns 135,372 shares of the software giant’s stock worth $34,767,000 after purchasing an additional 1,938 shares during the last quarter. 69.29% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Microsoft

In other Microsoft news, CMO Christopher C. Capossela sold 5,000 shares of Microsoft stock in a transaction on 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 completion of the transaction, 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 filing with the Securities & Exchange Commission, which can be accessed through this link. 0.03% of the stock is owned by corporate insiders.

Microsoft Trading Up 1.0 %

Shares of Microsoft stock opened at $247.58 on Thursday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.84 and a quick ratio of 1.79. The firm has a fifty day moving average price of $237.22 and a 200 day moving average price of $255.68. Microsoft Co. has a 1 year low of $213.43 and a 1 year high of $344.30. The stock has a market cap of $1.85 trillion, a PE ratio of 26.68, a price-to-earnings-growth ratio of 2.33 and a beta of 0.92.

Microsoft (NASDAQ:MSFTGet Rating) last issued its earnings results on Tuesday, October 25th. The software giant reported $2.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.30 by $0.05. Microsoft had a net margin of 34.37% and a return on equity of 42.10%. The firm had revenue of $50.12 billion during the quarter, compared to analysts’ expectations of $49.70 billion. During the same quarter last year, the company posted $2.27 earnings per share. The firm’s revenue was up 10.6% compared to the same quarter last year. Equities research analysts predict that Microsoft Co. will post 9.62 earnings per share for the current 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 issued a $0.68 dividend. This is a boost from Microsoft’s previous quarterly dividend of $0.62. The ex-dividend date is Wednesday, November 16th. This represents a $2.72 dividend on an annualized basis and a yield of 1.10%. Microsoft’s payout ratio is presently 29.31%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on MSFT shares. Barclays set a $296.00 target price on Microsoft in a report on Tuesday, November 1st. Wolfe Research reduced their target price on Microsoft from $340.00 to $280.00 and set an “outperform” rating for the company in a report on Wednesday, October 26th. UBS Group set a $300.00 target price on Microsoft in a report on Monday. Deutsche Bank Aktiengesellschaft reduced their price objective on Microsoft from $315.00 to $275.00 and set a “buy” rating for the company in a report on Wednesday, October 26th. Finally, Morgan Stanley reduced their price objective on Microsoft from $325.00 to $307.00 and set an “overweight” rating for the company in a report on Wednesday, October 26th. Three research analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $300.64.

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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