Stone Asset Management Inc. Has $388,000 Stock Position in Microsoft Co. (NASDAQ:MSFT)

Stone Asset Management Inc. grew its stake in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 24.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,510 shares of the software giant’s stock after purchasing an additional 300 shares during the period. Stone Asset Management Inc.’s holdings in Microsoft were worth $388,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Marble Harbor Investment Counsel LLC increased its position in shares of Microsoft by 1.5% during the fourth quarter. Marble Harbor Investment Counsel LLC now owns 171,038 shares of the software giant’s stock worth $57,523,000 after acquiring an additional 2,604 shares in the last quarter. Wharton Business Group LLC bought a new stake in shares of Microsoft during the fourth quarter worth about $5,637,000. Brendel Financial Advisors LLC bought a new stake in shares of Microsoft during the fourth quarter worth about $4,332,000. TD Asset Management Inc. increased its position in shares of Microsoft by 28.5% during the fourth quarter. TD Asset Management Inc. now owns 14,476,729 shares of the software giant’s stock worth $4,868,814,000 after acquiring an additional 3,207,415 shares in the last quarter. Finally, Sierra Capital LLC increased its position in shares of Microsoft by 17.2% during the fourth quarter. Sierra Capital LLC now owns 13,302 shares of the software giant’s stock worth $4,474,000 after acquiring an additional 1,956 shares in the last quarter. Institutional investors and hedge funds own 69.29% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on MSFT. Cowen decreased their target price on shares of Microsoft from $330.00 to $320.00 and set an “outperform” rating for the company in a research report on Friday, July 22nd. KeyCorp decreased their target price on shares of Microsoft from $373.00 to $330.00 and set an “overweight” rating for the company in a research report on Thursday, July 7th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Microsoft from $350.00 to $330.00 and set a “buy” rating for the company in a research report on Wednesday, July 27th. Rosenblatt Securities reduced their price objective on shares of Microsoft from $349.00 to $330.00 and set a “buy” rating for the company in a research report on Tuesday, July 26th. Finally, Guggenheim began coverage on shares of Microsoft in a research report on Friday, August 12th. They issued a “neutral” rating and a $292.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company’s stock. According to data from MarketBeat, Microsoft has a consensus rating of “Moderate Buy” and an average price target of $332.77.

Insiders Place Their Bets

In other Microsoft news, CMO Christopher C. Capossela sold 5,000 shares of the stock in a transaction that occurred on Monday, September 12th. The shares were 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 directly owns 109,837 shares in the company, valued at approximately $29,244,101.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.05% of the company’s stock.

Microsoft Stock Performance

Shares of MSFT stock opened at $240.98 on Friday. The stock has a market capitalization of $1.80 trillion, a P/E ratio of 25.00, a PEG ratio of 2.04 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. The firm’s 50 day moving average is $267.65 and its 200 day moving average is $272.65. Microsoft Co. has a 12 month low of $237.57 and a 12 month high of $349.67.

Microsoft (NASDAQ:MSFTGet Rating) last posted its 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). Microsoft had a return on equity of 43.31% and a net margin of 36.69%. The firm had revenue of $51.87 billion during the quarter, compared to analysts’ expectations of $52.31 billion. During the same quarter in the prior year, the company earned $2.17 earnings per share. On average, sell-side analysts anticipate that Microsoft Co. will post 10.15 earnings per share for the current year.

Microsoft Increases Dividend

The company 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. The ex-dividend date is Wednesday, November 16th. This is a boost from Microsoft’s previous quarterly dividend of $0.62. This represents a $2.72 annualized dividend and a yield of 1.13%. Microsoft’s dividend payout ratio is currently 25.73%.

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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