Beese Fulmer Investment Management Inc. Acquires 101 Shares of Microsoft Co. (NASDAQ:MSFT)

Beese Fulmer Investment Management Inc. boosted its holdings in Microsoft Co. (NASDAQ:MSFTGet Rating) by 0.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 139,343 shares of the software giant’s stock after acquiring an additional 101 shares during the period. Microsoft accounts for about 4.6% of Beese Fulmer Investment Management Inc.’s portfolio, making the stock its 2nd largest holding. Beese Fulmer Investment Management Inc.’s holdings in Microsoft were worth $35,787,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC lifted its stake in Microsoft by 5.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 134,115 shares of the software giant’s stock worth $42,237,000 after purchasing an additional 7,210 shares in the last quarter. Arbor Investment Advisors LLC lifted its stake in Microsoft by 12.6% during the first quarter. Arbor Investment Advisors LLC now owns 12,142 shares of the software giant’s stock worth $3,743,000 after purchasing an additional 1,357 shares in the last quarter. KRS Capital Management LLC lifted its stake in Microsoft by 4.8% during the first quarter. KRS Capital Management LLC now owns 4,781 shares of the software giant’s stock worth $1,474,000 after purchasing an additional 218 shares in the last quarter. Dfpg Investments LLC lifted its stake in Microsoft by 22.9% during the first quarter. Dfpg Investments LLC now owns 27,038 shares of the software giant’s stock worth $7,585,000 after purchasing an additional 5,030 shares in the last quarter. Finally, Allworth Financial LP lifted its stake in Microsoft by 41.4% during the first quarter. Allworth Financial LP now owns 147,385 shares of the software giant’s stock worth $45,441,000 after purchasing an additional 43,189 shares in the last quarter. 69.29% of the stock is currently owned by institutional investors and hedge funds.

Microsoft Trading Down 1.4 %

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

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

Microsoft Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 8th. Shareholders of record on Thursday, November 17th will be paid a $0.68 dividend. This is an increase from Microsoft’s previous quarterly dividend of $0.62. This represents a $2.72 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend is Wednesday, November 16th. Microsoft’s dividend payout ratio (DPR) is 25.73%.

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 transaction, the chief marketing officer now directly owns 109,837 shares in the company, valued at approximately $29,244,101.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.05% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Cowen decreased their price target on Microsoft from $330.00 to $320.00 and set an “outperform” rating on the stock in a research note on Friday, July 22nd. Stifel Nicolaus reduced their price objective on Microsoft from $320.00 to $300.00 and set a “buy” rating on the stock in a research note on Wednesday, July 27th. Mizuho lowered their target price on Microsoft from $350.00 to $340.00 and set a “buy” rating for the company in a research note on Tuesday, July 19th. Wolfe Research reduced their price target on Microsoft from $320.00 to $275.00 and set an “outperform” rating on the stock in a research report on Friday, July 29th. Finally, KeyCorp decreased their price objective on Microsoft from $373.00 to $330.00 and set an “overweight” rating for the company in a research note on Thursday, July 7th. Two research analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $334.31.

About Microsoft

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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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