Microsoft Co. (NASDAQ:MSFT) Shares Purchased by ShoreHaven Wealth Partners LLC

ShoreHaven Wealth Partners LLC increased its stake in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 21.5% in the 2nd quarter, Holdings Channel reports. The firm owned 3,693 shares of the software giant’s stock after purchasing an additional 653 shares during the period. ShoreHaven Wealth Partners LLC’s holdings in Microsoft were worth $948,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of MSFT. Arbor Investment Advisors LLC raised its holdings in Microsoft by 12.6% in the 1st quarter. Arbor Investment Advisors LLC now owns 12,142 shares of the software giant’s stock valued at $3,743,000 after acquiring an additional 1,357 shares during the last quarter. KRS Capital Management LLC raised its holdings in Microsoft by 4.8% in the 1st quarter. KRS Capital Management LLC now owns 4,781 shares of the software giant’s stock valued at $1,474,000 after acquiring an additional 218 shares during the last quarter. Phoenix Wealth Advisors raised its holdings in Microsoft by 2.0% in the 2nd quarter. Phoenix Wealth Advisors now owns 17,286 shares of the software giant’s stock valued at $4,440,000 after acquiring an additional 343 shares during the last quarter. Jmac Enterprises LLC raised its holdings in Microsoft by 1.0% in the 2nd quarter. Jmac Enterprises LLC now owns 16,798 shares of the software giant’s stock valued at $4,314,000 after acquiring an additional 169 shares during the last quarter. Finally, Dfpg Investments LLC raised its holdings in Microsoft by 22.9% in the 1st quarter. Dfpg Investments LLC now owns 27,038 shares of the software giant’s stock valued at $7,585,000 after acquiring an additional 5,030 shares during the last quarter. Institutional investors and hedge funds own 69.29% of the company’s stock.

Insider Buying and Selling

In related news, CMO Christopher C. Capossela sold 5,000 shares of Microsoft stock in a transaction on Monday, September 12th. The shares were sold at an average price of $266.25, for a total transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.03% of the stock is owned by company insiders.

Microsoft Price Performance

Shares of MSFT opened at $247.11 on Friday. Microsoft Co. has a twelve month low of $213.43 and a twelve month high of $349.67. The firm’s fifty day simple moving average is $239.49 and its 200-day simple moving average is $257.83. The firm has a market capitalization of $1.84 trillion, a price-to-earnings ratio of 26.63, a PEG ratio of 2.16 and a beta of 0.92. The company has a current ratio of 1.84, a quick ratio of 1.79 and a debt-to-equity ratio of 0.26.

Microsoft (NASDAQ:MSFTGet Rating) last announced its quarterly earnings data on Tuesday, October 25th. The software giant reported $2.35 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $49.70 billion. During the same period last year, the business earned $2.27 EPS. The company’s revenue was up 10.6% on a year-over-year basis. Equities analysts forecast that Microsoft Co. will post 9.62 EPS for the current fiscal year.

Microsoft Increases Dividend

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

Analyst Ratings Changes

MSFT has been the subject of a number of recent research reports. JPMorgan Chase & Co. cut their price objective on shares of Microsoft from $305.00 to $275.00 in a report on Wednesday, October 26th. Cowen dropped their price target on shares of Microsoft from $310.00 to $285.00 and set an “outperform” rating for the company in a research note on Wednesday, October 26th. Evercore ISI dropped their price target on shares of Microsoft from $330.00 to $300.00 and set an “outperform” rating for the company in a research note on Wednesday, October 26th. Stifel Nicolaus dropped their price target on shares of Microsoft from $300.00 to $290.00 and set a “buy” rating for the company in a research note on Wednesday, October 26th. Finally, UBS Group dropped their price target on shares of Microsoft from $330.00 to $300.00 and set a “buy” rating for the company in a research note on Thursday, October 20th. Three research analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the stock. According to MarketBeat.com, Microsoft currently has an average rating of “Moderate Buy” and an average target price of $300.64.

Microsoft Company 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.

Further Reading

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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