Microsoft Co. (NASDAQ:MSFT) Holdings Boosted by Asio Capital LLC

Asio Capital LLC grew its position in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 1.0% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 29,548 shares of the software giant’s stock after buying an additional 297 shares during the quarter. Microsoft accounts for 2.4% of Asio Capital LLC’s investment portfolio, making the stock its 7th largest holding. Asio Capital LLC’s holdings in Microsoft were worth $7,589,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in MSFT. Northwest Wealth Management LLC boosted its position in shares of Microsoft by 0.8% in the first quarter. Northwest Wealth Management LLC now owns 4,536 shares of the software giant’s stock worth $1,399,000 after acquiring an additional 37 shares during the last quarter. Flynn Zito Capital Management LLC raised its stake in Microsoft by 0.4% during the first quarter. Flynn Zito Capital Management LLC now owns 10,532 shares of the software giant’s stock worth $3,247,000 after purchasing an additional 38 shares during the period. Financial Advisors Network Inc. boosted its holdings in shares of Microsoft by 1.1% in the 2nd quarter. Financial Advisors Network Inc. now owns 3,482 shares of the software giant’s stock valued at $894,000 after purchasing an additional 39 shares during the last quarter. Trinity Financial Advisors LLC grew its stake in shares of Microsoft by 0.9% during the 1st quarter. Trinity Financial Advisors LLC now owns 4,636 shares of the software giant’s stock valued at $1,429,000 after buying an additional 40 shares during the period. Finally, Atlas Financial Advisors Inc. increased its holdings in shares of Microsoft by 3.3% during the 1st quarter. Atlas Financial Advisors Inc. now owns 1,267 shares of the software giant’s stock worth $391,000 after buying an additional 40 shares during the last quarter. Institutional investors and hedge funds own 69.29% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on MSFT shares. Cowen lowered their price target on Microsoft from $310.00 to $285.00 and set an “outperform” rating for the company in a research report on Wednesday, October 26th. Wolfe Research cut their price target on shares of Microsoft from $340.00 to $280.00 and set an “outperform” rating on the stock in a report on Wednesday, October 26th. Citigroup decreased their price objective on shares of Microsoft from $300.00 to $282.00 and set a “buy” rating for the company in a research note on Wednesday, October 19th. Jefferies Financial Group cut their target price on shares of Microsoft from $275.00 to $270.00 and set a “buy” rating on the stock in a research note on Wednesday, October 26th. Finally, Morgan Stanley lowered their price target 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 given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $300.64.

Insider Buying and Selling

In other Microsoft news, CMO Christopher C. Capossela sold 5,000 shares of the firm’s stock in a transaction on 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 sale, the chief marketing officer now directly owns 109,837 shares in the company, valued at $29,244,101.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.03% of the stock is owned by company insiders.

Microsoft Stock Performance

Microsoft stock opened at $247.58 on Friday. The company has a market cap of $1.85 trillion, a PE ratio of 26.68, a P/E/G ratio of 2.36 and a beta of 0.92. Microsoft Co. has a 12 month low of $213.43 and a 12 month high of $344.30. The company has a fifty day moving average price of $237.12 and a two-hundred day moving average price of $255.62. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.84 and a quick ratio of 1.79.

Microsoft (NASDAQ:MSFTGet Rating) last announced 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 the consensus estimate of $49.70 billion. During the same quarter in the prior year, the firm earned $2.27 EPS. The company’s revenue for the quarter was up 10.6% compared to the same quarter last year. Research analysts expect that Microsoft Co. will post 9.62 earnings per share for the current year.

Microsoft Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 8th. Investors of record on Thursday, November 17th will be given a dividend of $0.68 per share. The ex-dividend date is Wednesday, November 16th. This represents a $2.72 dividend on an annualized basis and a yield of 1.10%. This is a positive change from Microsoft’s previous quarterly dividend of $0.62. Microsoft’s payout ratio is currently 29.31%.

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.

See Also

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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