Microsoft Co. (NASDAQ:MSFT) Shares Purchased by KG&L Capital Management LLC

KG&L Capital Management LLC lifted its stake in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 2.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,206 shares of the software giant’s stock after purchasing an additional 420 shares during the period. Microsoft accounts for 2.5% of KG&L Capital Management LLC’s holdings, making the stock its 10th biggest position. KG&L Capital Management LLC’s holdings in Microsoft were worth $4,473,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently made changes to their positions in the company. DGS Capital Management LLC raised its holdings in shares of Microsoft by 19.9% in the 1st quarter. DGS Capital Management LLC now owns 14,342 shares of the software giant’s stock valued at $4,422,000 after purchasing an additional 2,383 shares during the period. IFM Investors Pty Ltd raised its stake in Microsoft by 20.8% in the first quarter. IFM Investors Pty Ltd now owns 1,138,469 shares of the software giant’s stock valued at $351,001,000 after buying an additional 196,338 shares during the period. Altus Wealth Group LLC boosted its stake in shares of Microsoft by 1.2% during the 1st quarter. Altus Wealth Group LLC now owns 12,712 shares of the software giant’s stock worth $3,919,000 after acquiring an additional 152 shares during the period. Powell Investment Advisors LLC increased its holdings in shares of Microsoft by 16.2% during the 1st quarter. Powell Investment Advisors LLC now owns 2,578 shares of the software giant’s stock worth $795,000 after acquiring an additional 359 shares during the last quarter. Finally, Onyx Bridge Wealth Group LLC boosted its position in Microsoft by 8.2% during the first quarter. Onyx Bridge Wealth Group LLC now owns 6,782 shares of the software giant’s stock worth $1,921,000 after purchasing an additional 512 shares during the period. Institutional investors and hedge funds own 69.15% of the company’s stock.

Insider Activity

In related news, EVP Judson Althoff sold 24,144 shares of the business’s stock in a transaction on Thursday, December 1st. The shares were sold at an average price of $254.27, for a total value of $6,139,094.88. Following the sale, the executive vice president now owns 150,047 shares of the company’s stock, valued at $38,152,450.69. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on MSFT shares. Citigroup reduced their target price on shares of Microsoft from $282.00 to $280.00 and set a “buy” rating for the company in a report on Thursday. Cowen decreased their target price on Microsoft from $310.00 to $285.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 26th. DA Davidson started coverage on Microsoft in a research report on Wednesday, January 4th. They set a “buy” rating and a $270.00 price objective on the stock. Evercore ISI reduced their target price on shares of Microsoft from $300.00 to $280.00 and set an “outperform” rating for the company in a research report on Thursday. Finally, Piper Sandler lowered their price target on shares of Microsoft from $265.00 to $247.00 and set an “overweight” rating on the stock in a research report on Monday, January 9th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-nine have assigned a buy rating to the stock. According to MarketBeat, Microsoft currently has an average rating of “Moderate Buy” and a consensus price target of $288.33.

Microsoft Stock Down 1.6 %

Shares of MSFT opened at $231.93 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.79 and a current ratio of 1.84. Microsoft Co. has a 52 week low of $213.43 and a 52 week high of $315.95. The stock has a market capitalization of $1.73 trillion, a price-to-earnings ratio of 24.99, a PEG ratio of 2.35 and a beta of 0.94. The stock has a fifty day moving average of $241.84 and a 200-day moving average of $250.23.

Microsoft (NASDAQ:MSFTGet Rating) last posted its earnings results on Tuesday, October 25th. The software giant reported $2.35 EPS for the quarter, beating the consensus estimate of $2.29 by $0.06. The firm had revenue of $50.12 billion during the quarter, compared to the consensus estimate of $49.70 billion. Microsoft had a return on equity of 42.10% and a net margin of 34.37%. The business’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period last year, the company earned $2.27 earnings per share. As a group, sell-side analysts anticipate that Microsoft Co. will post 9.52 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 9th. Shareholders of record on Wednesday, February 15th will be given a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 1.17%. The ex-dividend date is Wednesday, February 15th. Microsoft’s dividend payout ratio (DPR) 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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