Microsoft Co. (NASDAQ:MSFT) is Signet Investment Advisory Group Inc.’s 4th Largest Position

Signet Investment Advisory Group Inc. lowered its position in Microsoft Co. (NASDAQ:MSFTGet Rating) by 4.4% in the second quarter, Holdings Channel.com reports. The institutional investor owned 24,304 shares of the software giant’s stock after selling 1,118 shares during the period. Microsoft comprises approximately 4.3% of Signet Investment Advisory Group Inc.’s holdings, making the stock its 4th largest position. Signet Investment Advisory Group Inc.’s holdings in Microsoft were worth $6,242,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Landmark Financial Advisors LLC raised its stake in shares of Microsoft by 0.7% during the second quarter. Landmark Financial Advisors LLC now owns 7,743 shares of the software giant’s stock worth $1,989,000 after purchasing an additional 56 shares during the last quarter. DekaBank Deutsche Girozentrale raised its stake in shares of Microsoft by 1.8% during the second quarter. DekaBank Deutsche Girozentrale now owns 6,410,347 shares of the software giant’s stock worth $1,646,883,000 after purchasing an additional 111,080 shares during the last quarter. Carl P. Sherr & Co. LLC raised its stake in shares of Microsoft by 9.4% during the second quarter. Carl P. Sherr & Co. LLC now owns 17,825 shares of the software giant’s stock worth $4,578,000 after purchasing an additional 1,537 shares during the last quarter. CHICAGO TRUST Co NA raised its stake in shares of Microsoft by 6.1% during the second quarter. CHICAGO TRUST Co NA now owns 77,878 shares of the software giant’s stock worth $20,001,000 after purchasing an additional 4,444 shares during the last quarter. Finally, Norwood Financial Corp grew its holdings in Microsoft by 0.9% during the second quarter. Norwood Financial Corp now owns 6,492 shares of the software giant’s stock worth $1,668,000 after acquiring an additional 58 shares during the period. Hedge funds and other institutional investors own 69.29% of the company’s stock.

Microsoft Stock Performance

NASDAQ MSFT opened at $241.22 on Friday. The business’s 50-day moving average price is $237.85 and its 200 day moving average price is $256.37. The company 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 company has a current ratio of 1.84, a quick ratio of 1.79 and a debt-to-equity ratio of 0.26. Microsoft Co. has a twelve month low of $213.43 and a twelve month high of $349.67.

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

Microsoft Increases Dividend

The company 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 $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.13%. This is an increase from Microsoft’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Wednesday, November 16th. Microsoft’s dividend payout ratio (DPR) is 29.31%.

Insider Transactions at Microsoft

In other news, CMO Christopher C. Capossela sold 5,000 shares of the stock in a transaction dated Monday, September 12th. The stock was sold at an average price of $266.25, for a total value of $1,331,250.00. Following the completion of the sale, the chief marketing officer now owns 109,837 shares in the company, valued at $29,244,101.25. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

MSFT has been the topic of a number of recent analyst reports. Itau BBA Securities initiated coverage on Microsoft in a report on Tuesday, July 26th. They set an “outperform” rating and a $287.00 price objective on the stock. UBS Group set a $300.00 price objective on Microsoft in a report on Monday, November 14th. Citigroup dropped their price objective on Microsoft from $300.00 to $282.00 and set a “buy” rating on the stock in a report on Wednesday, October 19th. Cowen dropped their price objective on Microsoft from $310.00 to $285.00 and set an “outperform” rating on the stock in a report on Wednesday, October 26th. Finally, Rosenblatt Securities lowered their target price on Microsoft from $300.00 to $285.00 and set a “buy” rating on the stock in a report on Thursday, October 27th. Three analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the stock. Based on data from MarketBeat.com, Microsoft presently has a consensus rating of “Moderate Buy” and a consensus target price of $300.64.

Microsoft Company 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.

Recommended Stories

Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Co. (NASDAQ:MSFTGet Rating).

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

Receive News & Ratings for Microsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft and related companies with MarketBeat.com's FREE daily email newsletter.