Connable Office Inc. Raises Holdings in Microsoft Co. (NASDAQ:MSFT)

Connable Office Inc. boosted its position in Microsoft Co. (NASDAQ:MSFTGet Rating) by 8.9% during the second quarter, Holdings Channel.com reports. The institutional investor owned 41,249 shares of the software giant’s stock after purchasing an additional 3,375 shares during the period. Microsoft accounts for approximately 1.6% of Connable Office Inc.’s portfolio, making the stock its 12th biggest position. Connable Office Inc.’s holdings in Microsoft were worth $10,594,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. Arbor Investment Advisors LLC raised its stake in shares of Microsoft by 12.6% during the 1st quarter. Arbor Investment Advisors LLC now owns 12,142 shares of the software giant’s stock worth $3,743,000 after buying an additional 1,357 shares during the period. KRS Capital Management LLC raised its stake in shares of Microsoft by 4.8% during the 1st quarter. KRS Capital Management LLC now owns 4,781 shares of the software giant’s stock worth $1,474,000 after buying an additional 218 shares during the period. Phoenix Wealth Advisors increased its position in shares of Microsoft by 2.0% during the second quarter. Phoenix Wealth Advisors now owns 17,286 shares of the software giant’s stock worth $4,440,000 after purchasing an additional 343 shares in the last quarter. Jmac Enterprises LLC increased its position in shares of Microsoft by 1.0% during the second quarter. Jmac Enterprises LLC now owns 16,798 shares of the software giant’s stock worth $4,314,000 after purchasing an additional 169 shares in the last quarter. Finally, Dfpg Investments LLC increased its position in shares of 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. Hedge funds and other institutional investors own 69.29% of the company’s stock.

Microsoft Trading Up 1.7 %

Shares of NASDAQ:MSFT opened at $247.11 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.79 and a current ratio of 1.84. The stock’s 50-day moving average is $239.49 and its 200-day moving average is $257.83. Microsoft Co. has a 52-week low of $213.43 and a 52-week high of $349.67. The company has a market cap of $1.84 trillion, a P/E ratio of 26.63, a P/E/G ratio of 2.16 and a beta of 0.92.

Microsoft (NASDAQ:MSFTGet Rating) last released its earnings results on Tuesday, October 25th. The software giant reported $2.35 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.05. Microsoft had a net margin of 34.37% and a return on equity of 42.10%. The business had revenue of $50.12 billion during the quarter, compared to analysts’ expectations of $49.70 billion. During the same quarter last year, the company earned $2.27 earnings per share. The firm’s revenue was up 10.6% on a year-over-year basis. Equities research analysts predict that Microsoft Co. will post 9.62 earnings per share for the current year.

Microsoft Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 8th. Shareholders of record on Thursday, November 17th will be paid a dividend of $0.68 per share. This is a boost from Microsoft’s previous quarterly dividend of $0.62. The ex-dividend date is Wednesday, November 16th. This represents a $2.72 dividend on an annualized basis and a yield of 1.10%. Microsoft’s dividend payout ratio (DPR) is currently 26.72%.

Insiders Place Their Bets

In other news, CMO Christopher C. Capossela sold 5,000 shares of Microsoft 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 completion of the transaction, 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 accessible through this hyperlink. Corporate insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

MSFT has been the subject of several research reports. Credit Suisse Group dropped their price target on Microsoft from $400.00 to $365.00 and set an “outperform” rating for the company in a research report on Wednesday, October 26th. Raymond James dropped their target price on Microsoft from $300.00 to $280.00 and set an “outperform” rating for the company in a report on Wednesday, October 26th. Oppenheimer lowered their price target on Microsoft from $275.00 to $265.00 in a report on Wednesday, October 26th. Wells Fargo & Company lowered their price target on Microsoft from $315.00 to $300.00 and set an “overweight” rating for the company in a report on Wednesday, October 26th. Finally, Macquarie began coverage on Microsoft in a report on Wednesday, November 2nd. They set a “neutral” rating and a $234.00 price target for the company. Three research analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company’s stock. According to MarketBeat.com, Microsoft currently has an average rating of “Moderate Buy” and an average price target of $300.64.

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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