Greystone Financial Group LLC boosted its holdings in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 13.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,196 shares of the software giant’s stock after purchasing an additional 4,129 shares during the quarter. Microsoft comprises approximately 2.7% of Greystone Financial Group LLC’s portfolio, making the stock its 9th biggest position. Greystone Financial Group LLC’s holdings in Microsoft were worth $8,783,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MSFT. Cooper Financial Group boosted its holdings in shares of Microsoft by 1.9% in the first quarter. Cooper Financial Group now owns 36,136 shares of the software giant’s stock valued at $11,141,000 after acquiring an additional 674 shares during the period. DGS Capital Management LLC boosted its holdings in shares of Microsoft by 19.9% in the first quarter. DGS Capital Management LLC now owns 14,342 shares of the software giant’s stock valued at $4,422,000 after acquiring an additional 2,383 shares during the period. IFM Investors Pty Ltd boosted its holdings in shares of Microsoft by 20.8% in the first quarter. IFM Investors Pty Ltd now owns 1,138,469 shares of the software giant’s stock valued at $351,001,000 after acquiring an additional 196,338 shares during the period. Kwmg LLC lifted its holdings in shares of Microsoft by 2.4% during the first quarter. Kwmg LLC now owns 18,890 shares of the software giant’s stock worth $5,824,000 after purchasing an additional 437 shares during the period. Finally, Essex LLC lifted its holdings in shares of Microsoft by 194.4% during the first quarter. Essex LLC now owns 14,230 shares of the software giant’s stock worth $4,387,000 after purchasing an additional 9,396 shares during the period. 69.29% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
MSFT has been the subject of several recent research reports. Macquarie started coverage on Microsoft in a report on Wednesday, November 2nd. They set a “neutral” rating and a $234.00 price target for the company. Cowen cut their price objective on Microsoft from $310.00 to $285.00 and set an “outperform” rating for the company in a research report on Wednesday, October 26th. Deutsche Bank Aktiengesellschaft cut their price objective on Microsoft from $315.00 to $275.00 and set a “buy” rating for the company in a research report on Wednesday, October 26th. Credit Suisse Group cut their price objective on Microsoft from $400.00 to $365.00 and set an “outperform” rating for the company in a research report on Wednesday, October 26th. Finally, Barclays set a $296.00 price objective on Microsoft in a research report on Tuesday, November 1st. Three research analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company’s stock. Based on data from MarketBeat, Microsoft presently has an average rating of “Moderate Buy” and a consensus price target of $300.64.
Microsoft Stock Down 0.2 %
Microsoft (NASDAQ:MSFT – Get 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. The business had revenue of $50.12 billion for the quarter, compared to analyst estimates of $49.70 billion. Microsoft had a return on equity of 42.10% and a net margin of 34.37%. The company’s revenue was up 10.6% compared to the same quarter last year. During the same period in the previous year, the company posted $2.27 EPS. On average, research analysts forecast that Microsoft Co. will post 9.62 EPS 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 paid a $0.68 dividend. 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%. The ex-dividend date of this dividend is Wednesday, November 16th. Microsoft’s payout ratio is currently 29.31%.
In related news, CMO Christopher C. Capossela sold 5,000 shares of the firm’s stock in a transaction dated 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 approximately $29,244,101.25. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.03% of the company’s stock.
Microsoft Company Profile
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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