Microsoft Co. (NASDAQ:MSFT) Stock Holdings Raised by Griffin Asset Management Inc.

Griffin Asset Management Inc. increased its position in Microsoft Co. (NASDAQ:MSFTGet Rating) by 0.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 88,801 shares of the software giant’s stock after purchasing an additional 472 shares during the period. Microsoft accounts for 3.4% of Griffin Asset Management Inc.’s portfolio, making the stock its 3rd biggest position. Griffin Asset Management Inc.’s holdings in Microsoft were worth $20,682,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Monumental Financial Group Inc. purchased a new stake in shares of Microsoft in the first quarter worth $28,000. Newfound Research LLC grew its stake in shares of Microsoft by 25.4% in the second quarter. Newfound Research LLC now owns 296 shares of the software giant’s stock worth $76,000 after acquiring an additional 60 shares during the last quarter. Grayhawk Investment Strategies Inc. purchased a new stake in shares of Microsoft in the second quarter worth $104,000. Darrow Company Inc. purchased a new stake in shares of Microsoft in the second quarter worth $82,000. Finally, Morgan Dempsey Capital Management LLC purchased a new stake in shares of Microsoft in the third quarter worth $82,000. 69.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Morgan Stanley cut their target price on Microsoft from $325.00 to $307.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 26th. Deutsche Bank Aktiengesellschaft lowered their price target on Microsoft from $315.00 to $275.00 and set a “buy” rating on the stock in a report on Wednesday, October 26th. Barclays lowered their price target on Microsoft from $296.00 to $280.00 and set an “overweight” rating on the stock in a report on Tuesday. Wolfe Research lowered their price target on Microsoft from $340.00 to $280.00 and set an “outperform” rating on the stock in a report on Wednesday, October 26th. Finally, Cowen lowered their price target on Microsoft from $310.00 to $285.00 and set an “outperform” rating on the stock in a report on Wednesday, October 26th. Four analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $293.09.

Insider Activity

In other news, EVP Judson Althoff sold 24,144 shares of the firm’s stock in a transaction that occurred on Thursday, December 1st. The stock was sold at an average price of $254.27, for a total value of $6,139,094.88. Following the completion of the sale, the executive vice president now directly owns 150,047 shares of the company’s stock, valued at approximately $38,152,450.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.03% of the company’s stock.

Microsoft Stock Performance

NASDAQ MSFT opened at $228.85 on Wednesday. The stock has a market capitalization of $1.71 trillion, a PE ratio of 24.66, a P/E/G ratio of 2.20 and a beta of 0.94. The business has a 50 day simple moving average of $240.22 and a two-hundred day simple moving average of $251.20. 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 Co. has a 1-year low of $213.43 and a 1-year high of $323.41.

Microsoft (NASDAQ:MSFTGet Rating) last posted its quarterly earnings data on Tuesday, October 25th. The software giant reported $2.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.29 by $0.06. The business had revenue of $50.12 billion during the quarter, compared to analyst estimates of $49.70 billion. Microsoft had a return on equity of 42.10% and a net margin of 34.37%. The company’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period last year, the company earned $2.27 EPS. On average, research analysts predict that Microsoft Co. will post 9.53 EPS for the current fiscal year.

Microsoft Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 9th. Stockholders of record on Wednesday, February 15th will be paid a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 1.19%. The ex-dividend date is Wednesday, February 15th. Microsoft’s payout ratio is 29.31%.

Microsoft Company 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.

Further Reading

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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