Microsoft Co. (NASDAQ:MSFT) is Sonata Capital Group Inc.’s 6th Largest Position

Sonata Capital Group Inc. lifted its position in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 4.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 27,542 shares of the software giant’s stock after acquiring an additional 1,171 shares during the quarter. Microsoft makes up 3.7% of Sonata Capital Group Inc.’s investment portfolio, making the stock its 6th largest position. Sonata Capital Group Inc.’s holdings in Microsoft were worth $7,074,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Aaron Wealth Advisors LLC boosted its stake in Microsoft by 35,465.9% in the 1st quarter. Aaron Wealth Advisors LLC now owns 20,611,140 shares of the software giant’s stock worth $66,852,000 after purchasing an additional 20,553,188 shares during the period. Vanguard Group Inc. boosted its stake in Microsoft by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 621,598,157 shares of the software giant’s stock worth $191,644,927,000 after purchasing an additional 5,648,095 shares during the period. Swiss National Bank boosted its stake in Microsoft by 13.8% in the 1st quarter. Swiss National Bank now owns 30,893,155 shares of the software giant’s stock worth $9,524,669,000 after purchasing an additional 3,757,500 shares during the period. Jennison Associates LLC boosted its stake in Microsoft by 13.2% in the 1st quarter. Jennison Associates LLC now owns 23,092,331 shares of the software giant’s stock worth $7,119,597,000 after purchasing an additional 2,696,424 shares during the period. Finally, Verity Asset Management Inc. boosted its stake in Microsoft by 21,811.0% in the 1st quarter. Verity Asset Management Inc. now owns 2,047,582 shares of the software giant’s stock worth $2,901,000 after purchasing an additional 2,038,237 shares during the period. Institutional investors own 69.29% of the company’s stock.

Microsoft Price Performance

MSFT opened at $241.22 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. Microsoft Co. has a 52-week low of $213.43 and a 52-week high of $349.67. The stock has a market capitalization of $1.80 trillion, a PE ratio of 25.99, a price-to-earnings-growth ratio of 2.33 and a beta of 0.92. The stock’s 50 day moving average price is $237.85 and its 200-day moving average price is $256.55.

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

Microsoft Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 8th. Investors of record on Thursday, November 17th will be given a dividend of $0.68 per share. The ex-dividend date of this dividend is Wednesday, November 16th. This is a positive change from Microsoft’s previous quarterly dividend of $0.62. This represents a $2.72 annualized dividend and a dividend yield of 1.13%. Microsoft’s payout ratio is currently 29.31%.

Insider Activity at Microsoft

In related 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 transaction of $1,331,250.00. Following the sale, the chief marketing officer now directly 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 at the SEC website. 0.03% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

MSFT has been the subject of several analyst reports. Wolfe Research cut their target price on Microsoft from $340.00 to $280.00 and set an “outperform” rating for the company in a research note on Wednesday, October 26th. BMO Capital Markets dropped their price target on Microsoft from $295.00 to $270.00 and set an “outperform” rating for the company in a research report on Wednesday, October 26th. Deutsche Bank Aktiengesellschaft dropped their price target on Microsoft from $315.00 to $275.00 and set a “buy” rating for the company in a research report on Wednesday, October 26th. Citigroup dropped their price target on Microsoft from $300.00 to $282.00 and set a “buy” rating for the company in a research report on Wednesday, October 19th. Finally, Stifel Nicolaus dropped their price target on Microsoft from $300.00 to $290.00 and set a “buy” rating for the company in a research report on Wednesday, October 26th. Three equities research analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company’s stock. Based on data from MarketBeat, Microsoft presently has a consensus rating of “Moderate Buy” and a consensus 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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