Benin Management CORP Has $14.27 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

Benin Management CORP lifted its holdings in Microsoft Co. (NASDAQ:MSFTGet Rating) by 4.3% in the second quarter, Holdings Channel reports. The fund owned 55,569 shares of the software giant’s stock after purchasing an additional 2,282 shares during the quarter. Microsoft makes up 5.4% of Benin Management CORP’s holdings, making the stock its 3rd biggest holding. Benin Management CORP’s holdings in Microsoft were worth $14,272,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. University of Texas Texas AM Investment Managment Co. lifted its stake in Microsoft by 1,316.7% in the first quarter. University of Texas Texas AM Investment Managment Co. now owns 85 shares of the software giant’s stock worth $26,000 after purchasing an additional 79 shares during the last quarter. Monumental Financial Group Inc. purchased a new position in shares of Microsoft during the first quarter worth approximately $28,000. Tobam increased its position in shares of Microsoft by 15,400.0% during the first quarter. Tobam now owns 155 shares of the software giant’s stock worth $48,000 after acquiring an additional 154 shares during the period. Newfound Research LLC increased its position in shares of Microsoft by 25.4% during the second quarter. Newfound Research LLC now owns 296 shares of the software giant’s stock worth $76,000 after acquiring an additional 60 shares during the period. Finally, Darrow Company Inc. purchased a new position in shares of Microsoft during the second quarter worth approximately $82,000. Institutional investors own 69.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Wells Fargo & Company reduced their target price on shares of Microsoft from $315.00 to $300.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 26th. Barclays set a $296.00 target price on shares of Microsoft in a research report on Tuesday, November 1st. Guggenheim started coverage on shares of Microsoft in a research report on Friday, August 12th. They set a “neutral” rating and a $292.00 target price on the stock. Oppenheimer cut their price objective on shares of Microsoft from $275.00 to $265.00 in a report on Wednesday, October 26th. Finally, Fundamental Research cut their price objective on shares of Microsoft to $270.00 and set a “buy” rating on the stock in a report on Tuesday, November 8th. 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 MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $300.64.

Insider Activity at Microsoft

In related news, CMO Christopher C. Capossela sold 5,000 shares of the business’s 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 completion of the transaction, 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.03% of the stock is currently owned by insiders.

Microsoft Trading Down 0.2 %

NASDAQ:MSFT opened at $241.22 on Friday. Microsoft Co. has a 12 month low of $213.43 and a 12 month high of $349.67. The firm has a fifty day simple moving average of $237.85 and a 200-day simple moving average of $256.37. The company has a current ratio of 1.84, a quick ratio of 1.79 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $1.80 trillion, a P/E ratio of 25.99, a PEG ratio of 2.33 and a beta of 0.92.

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

Microsoft Increases Dividend

The firm also recently announced 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 is Wednesday, November 16th. This is an increase from Microsoft’s previous quarterly dividend of $0.62. This represents a $2.72 dividend on an annualized basis and a yield of 1.13%. Microsoft’s payout ratio is currently 29.31%.

About Microsoft

(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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