Stony Point Wealth Management Inc. lifted its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 41.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,850 shares of the software giant’s stock after purchasing an additional 3,164 shares during the quarter. Microsoft comprises about 1.0% of Stony Point Wealth Management Inc.’s investment portfolio, making the stock its 29th biggest position. Stony Point Wealth Management Inc.’s holdings in Microsoft were worth $1,102,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of the company. United Capital Management of KS Inc. boosted its holdings in Microsoft by 5.8% in the fourth quarter. United Capital Management of KS Inc. now owns 17,834 shares of the software giant’s stock valued at $1,811,000 after acquiring an additional 984 shares during the last quarter. Polen Capital Management LLC lifted its stake in shares of Microsoft by 0.8% during the third quarter. Polen Capital Management LLC now owns 13,818,601 shares of the software giant’s stock worth $1,580,433,000 after purchasing an additional 114,047 shares in the last quarter. Abner Herrman & Brock LLC lifted its stake in shares of Microsoft by 1.3% during the fourth quarter. Abner Herrman & Brock LLC now owns 259,088 shares of the software giant’s stock worth $26,316,000 after purchasing an additional 3,234 shares in the last quarter. Nan Shan Life Insurance Co. Ltd. acquired a new position in shares of Microsoft during the third quarter worth about $129,830,000. Finally, Ronna Sue Cohen lifted its stake in shares of Microsoft by 3.2% during the third quarter. Ronna Sue Cohen now owns 17,497 shares of the software giant’s stock worth $2,001,000 after purchasing an additional 537 shares in the last quarter. Institutional investors and hedge funds own 72.94% of the company’s stock.
Shares of Microsoft stock opened at $129.89 on Friday. The company has a debt-to-equity ratio of 0.82, a current ratio of 3.12 and a quick ratio of 3.08. The stock has a market capitalization of $965.86 billion, a P/E ratio of 33.48, a PEG ratio of 2.30 and a beta of 1.22. Microsoft Co. has a fifty-two week low of $92.45 and a fifty-two week high of $131.37.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Wednesday, May 15th will be issued a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 1.42%. The ex-dividend date is Wednesday, May 15th. Microsoft’s dividend payout ratio is currently 47.42%.
In other Microsoft news, CMO Christopher C. Capossela sold 5,000 shares of Microsoft stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $110.46, for a total value of $552,300.00. Following the completion of the transaction, the chief marketing officer now directly owns 156,866 shares in the company, valued at $17,327,418.36. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Satya Nadella sold 267,466 shares of Microsoft stock in a transaction that occurred on Wednesday, February 6th. The shares were sold at an average price of $106.01, for a total value of $28,354,070.66. Following the completion of the transaction, the chief executive officer now owns 1,746,854 shares of the company’s stock, valued at $185,183,992.54. The disclosure for this sale can be found here. Over the last three months, insiders sold 333,667 shares of company stock valued at $35,657,016. 1.38% of the stock is owned by corporate insiders.
A number of research analysts have commented on the company. UBS Group boosted their price objective on Microsoft from $125.00 to $150.00 and gave the stock a “buy” rating in a research note on Thursday. Bank of America boosted their price objective on Microsoft from $150.00 to $155.00 and gave the stock a “buy” rating in a research note on Thursday. Morgan Stanley boosted their price objective on Microsoft from $140.00 to $145.00 and gave the stock an “overweight” rating in a research note on Thursday. Barclays boosted their price objective on Microsoft from $132.00 to $152.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, Nomura boosted their price objective on Microsoft from $124.00 to $131.00 and gave the stock a “buy” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-eight have assigned a buy rating and three have issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $132.55.
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Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its company's Productivity and Business Processes segment offers Office 365 commercial products and services, such as Office, Exchange, SharePoint, Skype for Business, Microsoft Teams, and related Client Access Licenses (CALs); Office 365 consumer services, including Skype, Outlook.com, and OneDrive; LinkedIn online professional network; and Dynamics business solutions comprising financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and medium businesses, large organizations, and divisions of enterprises.
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