Microsoft Co. (NASDAQ:MSFT) Stock Position Boosted by Carson Advisory Inc.

Carson Advisory Inc. raised its stake in Microsoft Co. (NASDAQ:MSFTGet Rating) by 4.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,164 shares of the software giant’s stock after purchasing an additional 385 shares during the period. Microsoft accounts for approximately 2.6% of Carson Advisory Inc.’s investment portfolio, making the stock its 6th largest holding. Carson Advisory Inc.’s holdings in Microsoft were worth $2,353,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in shares of Microsoft by 0.9% during the first 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. Charles Schwab Investment Management Inc. grew its stake in shares of Microsoft by 2.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 39,863,273 shares of the software giant’s stock worth $12,290,246,000 after acquiring an additional 766,487 shares during the last quarter. Swiss National Bank boosted its position in Microsoft by 13.8% in the first quarter. Swiss National Bank now owns 30,893,155 shares of the software giant’s stock valued at $9,524,669,000 after buying an additional 3,757,500 shares during the last quarter. Fisher Asset Management LLC boosted its position in Microsoft by 3.8% in the first quarter. Fisher Asset Management LLC now owns 27,871,939 shares of the software giant’s stock valued at $8,593,198,000 after buying an additional 1,027,207 shares during the last quarter. Finally, Jennison Associates LLC boosted its position in Microsoft by 0.4% in the second quarter. Jennison Associates LLC now owns 23,188,553 shares of the software giant’s stock valued at $5,955,516,000 after buying an additional 96,222 shares during the last quarter. Hedge funds and other institutional investors own 69.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on MSFT. Itau BBA Securities began coverage on Microsoft in a research report on Tuesday, July 26th. They issued an “outperform” rating and a $287.00 target price on the stock. BMO Capital Markets dropped their target price on Microsoft from $295.00 to $270.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 26th. Citigroup dropped their target price on Microsoft from $300.00 to $282.00 and set a “buy” rating on the stock in a research report on Wednesday, October 19th. Cowen dropped their target price on Microsoft from $310.00 to $285.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 26th. Finally, StockNews.com started coverage on Microsoft in a report on Wednesday, October 12th. They issued a “buy” rating for the company. 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.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $300.64.

Microsoft Stock Down 0.2 %

Shares of NASDAQ:MSFT opened at $241.22 on Monday. 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 business has a fifty day moving average of $237.85 and a two-hundred day moving average of $256.14. The stock has a market cap of $1.80 trillion, a P/E ratio of 25.99, a PEG ratio of 2.32 and a beta of 0.92. Microsoft Co. has a 52-week low of $213.43 and a 52-week high of $349.67.

Microsoft (NASDAQ:MSFTGet Rating) last issued 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. The company had revenue of $50.12 billion during the quarter, compared to analysts’ expectations of $49.70 billion. Microsoft had a return on equity of 42.10% and a net margin of 34.37%. The firm’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period in the prior year, the business earned $2.27 EPS. On average, research analysts expect that Microsoft Co. will post 9.62 earnings per share for the current year.

Microsoft Increases Dividend

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

Insider Transactions at Microsoft

In other news, CMO Christopher C. Capossela sold 5,000 shares of the stock in a transaction 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 completion of the transaction, the chief marketing officer now directly owns 109,837 shares in the company, valued at approximately $29,244,101.25. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.03% of the company’s stock.

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.

See Also

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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