Affinity Capital Advisors LLC Grows Holdings in Microsoft Co. (NASDAQ:MSFT)

Affinity Capital Advisors LLC grew its stake in Microsoft Co. (NASDAQ:MSFTGet Rating) by 1.0% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 9,580 shares of the software giant’s stock after acquiring an additional 97 shares during the period. Microsoft comprises 0.8% of Affinity Capital Advisors LLC’s investment portfolio, making the stock its 25th biggest holding. Affinity Capital Advisors LLC’s holdings in Microsoft were worth $2,460,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in Microsoft by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 621,598,157 shares of the software giant’s stock valued at $191,644,927,000 after buying an additional 5,648,095 shares during the period. State Street Corp boosted its holdings in Microsoft by 2.8% in the fourth quarter. State Street Corp now owns 302,541,869 shares of the software giant’s stock valued at $101,750,881,000 after purchasing an additional 8,108,943 shares during the period. Geode Capital Management LLC boosted its holdings in Microsoft by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 129,107,118 shares of the software giant’s stock valued at $43,313,705,000 after purchasing an additional 3,027,306 shares during the period. Norges Bank purchased a new position in Microsoft in the fourth quarter valued at $24,401,940,000. Finally, Nuveen Asset Management LLC boosted its holdings in Microsoft by 1.0% in the fourth quarter. Nuveen Asset Management LLC now owns 57,181,533 shares of the software giant’s stock valued at $19,231,292,000 after purchasing an additional 584,273 shares during the period. 69.29% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Microsoft

In other Microsoft news, CMO Christopher C. Capossela sold 5,000 shares of Microsoft stock in a transaction that occurred on Monday, September 12th. The stock was sold at an average price of $266.25, for a total value of $1,331,250.00. Following the sale, the chief marketing officer now owns 109,837 shares of the company’s stock, valued at approximately $29,244,101.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.05% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

MSFT has been the subject of a number of recent research reports. Redburn Partners initiated coverage on Microsoft in a report on Wednesday, June 29th. They issued a “buy” rating and a $370.00 target price for the company. Deutsche Bank Aktiengesellschaft decreased their target price on Microsoft from $350.00 to $330.00 and set a “buy” rating for the company in a report on Wednesday, July 27th. KeyCorp decreased their target price on Microsoft from $373.00 to $330.00 and set an “overweight” rating for the company in a report on Thursday, July 7th. Jefferies Financial Group set a $320.00 target price on Microsoft in a report on Tuesday, September 6th. Finally, Itaú Unibanco started coverage on Microsoft in a research note on Tuesday, July 26th. They issued an “outperform” rating and a $287.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $334.31.

Microsoft Stock Performance

Shares of MSFT stock opened at $238.95 on Thursday. The stock has a market capitalization of $1.78 trillion, a PE ratio of 24.79, a price-to-earnings-growth ratio of 2.06 and a beta of 0.94. Microsoft Co. has a 52-week low of $238.90 and a 52-week high of $349.67. The stock’s 50-day moving average price is $267.91 and its 200 day moving average price is $272.92. The company has a quick ratio of 1.75, a current ratio of 1.78 and a debt-to-equity ratio of 0.28.

Microsoft (NASDAQ:MSFTGet Rating) last issued its quarterly earnings results on Tuesday, July 26th. The software giant reported $2.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.28 by ($0.05). The company had revenue of $51.87 billion during the quarter, compared to analyst estimates of $52.31 billion. Microsoft had a net margin of 36.69% and a return on equity of 43.31%. During the same quarter last year, the firm earned $2.17 EPS. As a group, equities research analysts forecast that Microsoft Co. will post 10.15 EPS for the current year.

Microsoft Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 8th. Shareholders of record on Thursday, November 17th will be issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend is Wednesday, November 16th. This is a positive change from Microsoft’s previous quarterly dividend of $0.62. Microsoft’s payout ratio is currently 25.73%.

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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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