Focused Wealth Management Inc raised its stake in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 1.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,675 shares of the software giant’s stock after purchasing an additional 104 shares during the quarter. Focused Wealth Management Inc’s holdings in Microsoft were worth $2,228,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of MSFT. Kinneret Advisory LLC boosted its holdings in Microsoft by 2.2% in the 2nd quarter. Kinneret Advisory LLC now owns 302,760 shares of the software giant’s stock valued at $77,758,000 after purchasing an additional 6,411 shares in the last quarter. Retirement Group LLC boosted its stake in shares of Microsoft by 3.5% in the second quarter. Retirement Group LLC now owns 4,766 shares of the software giant’s stock valued at $1,221,000 after buying an additional 159 shares in the last quarter. Clifford Swan Investment Counsel LLC boosted its position in shares of Microsoft by 0.3% during the 2nd quarter. Clifford Swan Investment Counsel LLC now owns 341,681 shares of the software giant’s stock worth $87,754,000 after purchasing an additional 1,097 shares in the last quarter. Ironwood Investment Counsel LLC grew its stake in shares of Microsoft by 0.6% during the 2nd quarter. Ironwood Investment Counsel LLC now owns 94,858 shares of the software giant’s stock worth $24,362,000 after purchasing an additional 574 shares during the period. Finally, BRR OpCo LLC increased its holdings in shares of Microsoft by 0.6% in the 2nd quarter. BRR OpCo LLC now owns 42,694 shares of the software giant’s stock valued at $10,965,000 after purchasing an additional 238 shares in the last quarter. 69.29% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of research firms recently commented on MSFT. Cowen decreased their price objective on shares of Microsoft from $310.00 to $285.00 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 on the stock in a report on Wednesday, October 26th. Moffett Nathanson began coverage on Microsoft in a report on Thursday, September 22nd. They set a “hold” rating and a $285.00 price objective for the company. Jefferies Financial Group decreased their target price on Microsoft from $275.00 to $270.00 and set a “buy” rating on the stock in a research report on Wednesday, October 26th. Finally, Wells Fargo & Company dropped their price target on Microsoft from $315.00 to $300.00 and set an “overweight” rating for the company in a research report 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 data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $300.64.
Microsoft Trading Up 1.0 %
Microsoft (NASDAQ:MSFT – Get Rating) last posted its quarterly 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. 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 the consensus estimate of $49.70 billion. During the same quarter last year, the firm posted $2.27 earnings per share. Microsoft’s revenue was up 10.6% on a year-over-year basis. As a group, equities analysts forecast that Microsoft Co. will post 9.62 EPS for the current year.
Microsoft Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 8th. Shareholders of record on Thursday, November 17th will be given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend is Wednesday, November 16th. This is an increase from Microsoft’s previous quarterly dividend of $0.62. Microsoft’s payout ratio is 29.31%.
Insider Transactions at Microsoft
In other news, CMO Christopher C. Capossela sold 5,000 shares of the business’s stock in a transaction dated Monday, September 12th. The stock was sold at an average price of $266.25, for a total transaction of $1,331,250.00. Following the completion of the sale, the chief marketing officer now owns 109,837 shares in the company, valued at approximately $29,244,101.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.03% of the company’s stock.
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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