Brookstone Capital Management Has $30.80 Million Holdings in Microsoft Co. (NASDAQ:MSFT)

Brookstone Capital Management boosted its holdings in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 7.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 115,061 shares of the software giant’s stock after purchasing an additional 7,795 shares during the period. Brookstone Capital Management’s holdings in Microsoft were worth $30,797,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of MSFT. University of Texas Texas AM Investment Managment Co. raised its position in Microsoft by 1,316.7% in the 1st quarter. University of Texas Texas AM Investment Managment Co. now owns 85 shares of the software giant’s stock worth $26,000 after purchasing an additional 79 shares during the last quarter. Monumental Financial Group Inc. acquired a new stake in shares of Microsoft in the 1st quarter valued at $28,000. Tobam raised its position in shares of Microsoft by 15,400.0% during the first quarter. Tobam now owns 155 shares of the software giant’s stock worth $48,000 after acquiring an additional 154 shares during the last quarter. Artemis Wealth Advisors LLC acquired a new position in shares of Microsoft during the first quarter valued at $68,000. Finally, Castle Financial & Retirement Planning Associates Inc. bought a new position in Microsoft in the fourth quarter valued at about $80,000. Institutional investors and hedge funds own 69.29% of the company’s stock.

Insider Activity at Microsoft

In other Microsoft news, CMO Christopher C. Capossela sold 5,000 shares of the company’s 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 in the company, valued at $29,244,101.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.05% of the stock is currently owned by company insiders.

Microsoft Stock Performance

Shares of NASDAQ MSFT opened at $240.98 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.75 and a current ratio of 1.78. The stock has a 50 day moving average price of $267.65 and a 200 day moving average price of $272.65. The stock has a market capitalization of $1.80 trillion, a PE ratio of 25.00, a price-to-earnings-growth ratio of 2.04 and a beta of 0.94. Microsoft Co. has a 52 week low of $237.57 and a 52 week high of $349.67.

Microsoft (NASDAQ:MSFTGet Rating) last released its quarterly earnings data on Tuesday, July 26th. The software giant reported $2.23 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 period in the previous year, the company posted $2.17 EPS. Analysts predict that Microsoft Co. will post 10.15 earnings per share for the current fiscal year.

Microsoft Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 8th. Stockholders 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 dividend yield of 1.13%. This is a boost from Microsoft’s previous quarterly dividend of $0.62. The ex-dividend date is Wednesday, November 16th. Microsoft’s dividend payout ratio is presently 25.73%.

Analyst Ratings Changes

A number of research analysts have issued reports on MSFT shares. Mizuho cut their target price on shares of Microsoft from $350.00 to $340.00 and set a “buy” rating on the stock in a research report on Tuesday, July 19th. Redburn Partners began coverage on shares of Microsoft in a report on Wednesday, June 29th. They set a “buy” rating and a $370.00 target price for the company. 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. BMO Capital Markets lifted their price objective on Microsoft from $305.00 to $320.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 27th. Finally, UBS Group set a $330.00 target price on Microsoft in a research note on Thursday, September 15th. Three investment analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $332.77.

Microsoft Profile

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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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