AE Wealth Management LLC Grows Holdings in Microsoft Co. (NASDAQ:MSFT)

AE Wealth Management LLC lifted its holdings in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 5.8% during the 2nd quarter, Holdings Channel.com reports. The firm owned 723,338 shares of the software giant’s stock after buying an additional 39,471 shares during the quarter. Microsoft accounts for about 1.5% of AE Wealth Management LLC’s investment portfolio, making the stock its 5th largest holding. AE Wealth Management LLC’s holdings in Microsoft were worth $185,775,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in MSFT. Aaron Wealth Advisors LLC grew its holdings 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 acquiring an additional 20,553,188 shares during the last quarter. Vanguard Group Inc. grew its holdings 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 acquiring an additional 5,648,095 shares during the last quarter. Swiss National Bank grew its holdings 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 acquiring an additional 3,757,500 shares during the last quarter. Jennison Associates LLC grew its holdings 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 acquiring an additional 2,696,424 shares during the last quarter. Finally, Verity Asset Management Inc. grew its holdings 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 acquiring an additional 2,038,237 shares during the last quarter. Institutional investors own 69.29% of the company’s stock.

Microsoft Stock Down 0.2 %

MSFT opened at $241.22 on Friday. The company has a quick ratio of 1.79, a current ratio of 1.84 and a debt-to-equity ratio of 0.26. The firm has a 50 day moving average price of $237.85 and a 200-day moving average price of $256.37. Microsoft Co. has a twelve month low of $213.43 and a twelve month high of $349.67. The stock has a market capitalization of $1.80 trillion, a price-to-earnings ratio of 25.99, a PEG ratio of 2.33 and a beta of 0.92.

Microsoft (NASDAQ:MSFTGet Rating) last released its quarterly earnings data 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 firm had revenue of $50.12 billion during the quarter, compared to analysts’ expectations of $49.70 billion. During the same period in the previous year, the company earned $2.27 earnings per share. The firm’s quarterly revenue was up 10.6% on a year-over-year basis. Equities research analysts forecast that Microsoft Co. will post 9.62 earnings per share for the current year.

Microsoft Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 8th. Stockholders of record on Thursday, November 17th will be issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend 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 payout ratio is presently 29.31%.

Analyst Ratings Changes

MSFT has been the topic of a number of research reports. Mizuho cut their target price on shares of Microsoft from $320.00 to $305.00 and set a “buy” rating on the stock in a research note on Wednesday, October 26th. JPMorgan Chase & Co. cut their target price on shares of Microsoft from $305.00 to $275.00 in a research note on Wednesday, October 26th. StockNews.com initiated coverage on shares of Microsoft in a research note on Wednesday, October 12th. They set a “buy” rating on the stock. Stifel Nicolaus cut their target price on shares of Microsoft from $300.00 to $290.00 and set a “buy” rating on the stock in a research note on Wednesday, October 26th. Finally, Cowen cut their target price on shares of Microsoft from $310.00 to $285.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 26th. Three analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company’s stock. According to data from MarketBeat, Microsoft presently has an average rating of “Moderate Buy” and an average target price of $300.64.

Insider Activity

In related news, CMO Christopher C. Capossela sold 5,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief marketing officer now directly owns 109,837 shares in the company, valued at $29,244,101.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.03% of the stock is owned by corporate insiders.

Microsoft Profile

(Get Rating)

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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