Clifford Swan Investment Counsel LLC Buys 1,097 Shares of Microsoft Co. (NASDAQ:MSFT)

Clifford Swan Investment Counsel LLC increased its stake in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 0.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 341,681 shares of the software giant’s stock after purchasing an additional 1,097 shares during the quarter. Microsoft comprises about 3.8% of Clifford Swan Investment Counsel LLC’s portfolio, making the stock its 3rd biggest position. Clifford Swan Investment Counsel LLC’s holdings in Microsoft were worth $87,754,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently bought and sold shares of MSFT. University of Texas Texas AM Investment Managment Co. lifted its stake 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 period. Monumental Financial Group Inc. acquired a new position in Microsoft during the 1st quarter valued at about $28,000. Newfound Research LLC boosted its stake in shares of Microsoft by 25.4% in the 2nd quarter. Newfound Research LLC now owns 296 shares of the software giant’s stock valued at $76,000 after purchasing an additional 60 shares during the last quarter. Darrow Company Inc. acquired a new stake in shares of Microsoft during the 2nd quarter worth approximately $82,000. Finally, Evolution Advisers Inc. raised its stake in shares of Microsoft by 36.4% during the first quarter. Evolution Advisers Inc. now owns 341 shares of the software giant’s stock worth $105,000 after buying an additional 91 shares during the last quarter. Institutional investors own 69.29% of the company’s stock.

Microsoft Stock Performance

Shares of MSFT stock opened at $247.58 on Friday. Microsoft Co. has a 52 week low of $213.43 and a 52 week high of $344.30. The stock has a fifty day moving average of $237.12 and a 200 day moving average of $255.62. 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 firm has a market capitalization of $1.85 trillion, a price-to-earnings ratio of 26.68, a PEG ratio of 2.36 and a beta of 0.92.

Microsoft (NASDAQ:MSFTGet Rating) last released its quarterly earnings data 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 net margin of 34.37% and a return on equity of 42.10%. The business had revenue of $50.12 billion during the quarter, compared to analyst estimates of $49.70 billion. During the same period last year, the business earned $2.27 EPS. Microsoft’s revenue was up 10.6% compared to the same quarter last year. As a group, research analysts expect that Microsoft Co. will post 9.62 earnings per share for the current year.

Microsoft Increases Dividend

The business also recently announced 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. This is a boost from Microsoft’s previous quarterly dividend of $0.62. 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 1.10%. Microsoft’s payout ratio is 29.31%.

Insider Buying and Selling

In other Microsoft 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 transaction, the chief marketing officer now directly owns 109,837 shares in the company, valued at approximately $29,244,101.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.03% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on MSFT. Stifel Nicolaus reduced their price objective on shares of Microsoft from $300.00 to $290.00 and set a “buy” rating on the stock in a research note on Wednesday, October 26th. Jefferies Financial Group decreased their price objective on Microsoft from $275.00 to $270.00 and set a “buy” rating for the company in a research note on Wednesday, October 26th. BMO Capital Markets reduced their target price on Microsoft from $295.00 to $270.00 and set an “outperform” rating on the stock in a report on Wednesday, October 26th. Credit Suisse Group lowered their price target on Microsoft from $400.00 to $365.00 and set an “outperform” rating for the company in a research note on Wednesday, October 26th. Finally, Oppenheimer decreased their price objective on shares of Microsoft from $275.00 to $265.00 in a report on Wednesday, October 26th. Three equities research analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Microsoft currently has an average rating of “Moderate Buy” and an average price target 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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