Destiny Wealth Partners LLC Has $4.42 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

Destiny Wealth Partners LLC increased its position in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 2.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 18,973 shares of the software giant’s stock after buying an additional 386 shares during the quarter. Destiny Wealth Partners LLC’s holdings in Microsoft were worth $4,419,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of MSFT. DGS Capital Management LLC raised its stake in shares of Microsoft by 19.9% in the first quarter. DGS Capital Management LLC now owns 14,342 shares of the software giant’s stock worth $4,422,000 after purchasing an additional 2,383 shares during the last quarter. IFM Investors Pty Ltd grew its holdings in shares of 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 acquiring an additional 196,338 shares in the last quarter. Altus Wealth Group LLC grew its holdings in shares of Microsoft by 1.2% in the first quarter. Altus Wealth Group LLC now owns 12,712 shares of the software giant’s stock valued at $3,919,000 after acquiring an additional 152 shares in the last quarter. Powell Investment Advisors LLC grew its holdings in shares of Microsoft by 16.2% in the first quarter. Powell Investment Advisors LLC now owns 2,578 shares of the software giant’s stock valued at $795,000 after acquiring an additional 359 shares in the last quarter. Finally, Onyx Bridge Wealth Group LLC grew its holdings in shares of Microsoft by 8.2% in the first quarter. Onyx Bridge Wealth Group LLC now owns 6,782 shares of the software giant’s stock valued at $1,921,000 after acquiring an additional 512 shares in the last quarter. 69.15% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Microsoft

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

Microsoft Trading Up 3.6 %

Shares of MSFT stock opened at $240.22 on Monday. 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 company has a market capitalization of $1.79 trillion, a PE ratio of 25.89, a price-to-earnings-growth ratio of 2.36 and a beta of 0.94. The business’s fifty day moving average is $241.70 and its 200 day moving average is $249.89.

Microsoft (NASDAQ:MSFTGet Rating) last issued its quarterly earnings data on Tuesday, October 25th. The software giant reported $2.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.29 by $0.06. Microsoft had a return on equity of 42.10% and a net margin of 34.37%. 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 business posted $2.27 earnings per share. The firm’s revenue was up 10.6% compared to the same quarter last year. On average, equities research analysts anticipate that Microsoft Co. will post 9.51 EPS for the current fiscal year.

Microsoft Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 9th. Investors of record on Wednesday, February 15th will be given a $0.68 dividend. The ex-dividend date of this dividend is Wednesday, February 15th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.13%. Microsoft’s dividend payout ratio (DPR) is presently 29.31%.

Analyst Ratings Changes

MSFT has been the subject of several recent analyst reports. Cowen reduced their target price on Microsoft from $310.00 to $285.00 and set an “outperform” rating for the company in a report on Wednesday, October 26th. Deutsche Bank Aktiengesellschaft reduced their target price on Microsoft from $315.00 to $275.00 and set a “buy” rating for the company in a report on Wednesday, October 26th. Raymond James reduced their target price on Microsoft from $300.00 to $280.00 and set an “outperform” rating for the company in a report on Wednesday, October 26th. Wedbush reduced their price objective on Microsoft from $320.00 to $290.00 and set an “outperform” rating for the company in a report on Wednesday, October 26th. Finally, Piper Sandler reduced their price objective on Microsoft from $265.00 to $247.00 and set an “overweight” rating for the company in a report on Monday, January 9th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $287.88.

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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