Spectrum Asset Management Inc. NB CA boosted its holdings in Microsoft Co. (NASDAQ:MSFT) by 1.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 32,592 shares of the software giant’s stock after buying an additional 396 shares during the period. Microsoft makes up about 2.6% of Spectrum Asset Management Inc. NB CA’s investment portfolio, making the stock its 8th largest position. Spectrum Asset Management Inc. NB CA’s holdings in Microsoft were worth $3,310,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. HC Financial Advisors Inc. increased its position in Microsoft by 5.3% during the 3rd quarter. HC Financial Advisors Inc. now owns 26,827 shares of the software giant’s stock worth $3,068,000 after purchasing an additional 1,356 shares in the last quarter. UMB Bank N A MO boosted its holdings in Microsoft by 0.7% in the 3rd quarter. UMB Bank N A MO now owns 543,384 shares of the software giant’s stock worth $62,147,000 after acquiring an additional 3,679 shares during the period. Highland Associates Inc. purchased a new position in Microsoft in the 3rd quarter worth approximately $14,995,000. Delta Asset Management LLC TN boosted its holdings in Microsoft by 1.7% in the 3rd quarter. Delta Asset Management LLC TN now owns 589,881 shares of the software giant’s stock worth $67,465,000 after acquiring an additional 10,110 shares during the period. Finally, Edge Wealth Management LLC boosted its holdings in Microsoft by 1.0% in the 3rd quarter. Edge Wealth Management LLC now owns 155,949 shares of the software giant’s stock worth $17,836,000 after acquiring an additional 1,472 shares during the period. 73.60% of the stock is currently owned by institutional investors.
A number of research firms have weighed in on MSFT. Goldman Sachs Group restated a “buy” rating and issued a $131.00 price target on shares of Microsoft in a report on Thursday, April 18th. ValuEngine upgraded Microsoft from a “hold” rating to a “buy” rating in a research note on Monday, April 1st. Wedbush reiterated an “outperform” rating and set a $150.00 target price (up from $140.00) on shares of Microsoft in a research note on Thursday, April 18th. Zacks Investment Research upgraded Microsoft from a “hold” rating to a “buy” rating and set a $118.00 target price for the company in a research note on Thursday, January 24th. Finally, JPMorgan Chase & Co. increased their target price on Microsoft from $115.00 to $125.00 and gave the company an “overweight” rating in a research note on Thursday, March 28th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-five have issued a buy rating and three have given a strong buy rating to the company. Microsoft has a consensus rating of “Buy” and a consensus price target of $135.75.
Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Wednesday, April 24th. The software giant reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.14. The company had revenue of $30.57 billion for the quarter, compared to analyst estimates of $29.86 billion. Microsoft had a return on equity of 39.34% and a net margin of 28.58%. The company’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same period last year, the company earned $0.95 earnings per share. Sell-side analysts anticipate that Microsoft Co. will post 4.58 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Wednesday, May 15th will be issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend is Wednesday, May 15th. Microsoft’s dividend payout ratio (DPR) is 47.42%.
In other news, EVP Christopher C. Capossela sold 5,000 shares of the firm’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $126.02, for a total transaction of $630,100.00. Following the transaction, the executive vice president now directly owns 144,934 shares of the company’s stock, valued at $18,264,582.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Frank H. Brod sold 7,220 shares of the firm’s stock in a transaction on Thursday, February 28th. The shares were sold at an average price of $112.76, for a total value of $814,127.20. Following the transaction, the insider now directly owns 53,069 shares in the company, valued at $5,984,060.44. The disclosure for this sale can be found here. Insiders have sold 238,354 shares of company stock worth $30,340,221 over the last three months. Corporate insiders own 1.38% of the company’s stock.
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Microsoft Company Profile
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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