Strategic Advisors LLC Increases Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Strategic Advisors LLC increased its holdings in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 2.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 93,085 shares of the software giant’s stock after purchasing an additional 2,588 shares during the quarter. Microsoft accounts for 5.0% of Strategic Advisors LLC’s portfolio, making the stock its 2nd biggest holding. Strategic Advisors LLC’s holdings in Microsoft were worth $23,907,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MSFT. University of Texas Texas AM Investment Managment Co. lifted its holdings 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 valued at $26,000 after acquiring an additional 79 shares during the period. Monumental Financial Group Inc. bought a new position in Microsoft in the first quarter valued at about $28,000. Tobam lifted its holdings in Microsoft by 15,400.0% in the first quarter. Tobam now owns 155 shares of the software giant’s stock valued at $48,000 after acquiring an additional 154 shares during the period. Newfound Research LLC lifted its holdings in Microsoft by 25.4% in the second quarter. Newfound Research LLC now owns 296 shares of the software giant’s stock valued at $76,000 after acquiring an additional 60 shares during the period. Finally, Darrow Company Inc. bought a new position in Microsoft in the second quarter valued at about $82,000. 69.29% of the stock is owned by institutional investors.

Insider Activity

In other news, CMO Christopher C. Capossela sold 5,000 shares of the firm’s stock in a transaction that occurred on 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 directly owns 109,837 shares of the company’s stock, valued at approximately $29,244,101.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.03% of the company’s stock.

Microsoft Price Performance

NASDAQ:MSFT opened at $242.05 on Tuesday. The firm has a market capitalization of $1.80 trillion, a price-to-earnings ratio of 26.08, a PEG ratio of 2.32 and a beta of 0.92. Microsoft Co. has a 1 year low of $213.43 and a 1 year high of $349.67. The business has a 50 day simple moving average of $237.35 and a 200-day simple moving average of $255.89. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.84 and a quick ratio of 1.79.

Microsoft (NASDAQ:MSFTGet Rating) last posted its quarterly earnings data 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 business had revenue of $50.12 billion during 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 for the quarter was up 10.6% on a year-over-year basis. During the same period last year, the company earned $2.27 EPS. Equities analysts forecast that Microsoft Co. will post 9.62 EPS 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 paid a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 1.12%. This is a positive change from Microsoft’s previous quarterly dividend of $0.62. The ex-dividend date is Wednesday, November 16th. Microsoft’s dividend payout ratio (DPR) is presently 29.31%.

Analysts Set New Price Targets

MSFT has been the topic of a number of recent research reports. Itaú Unibanco initiated coverage on Microsoft in a report on Tuesday, July 26th. They issued an “outperform” rating and a $287.00 target price on the stock. Evercore ISI reduced their price target on Microsoft from $330.00 to $300.00 and set an “outperform” rating for the company in a research report on Wednesday, October 26th. Jefferies Financial Group reduced their price target on Microsoft from $275.00 to $270.00 and set a “buy” rating for the company in a research report on Wednesday, October 26th. Fundamental Research reduced their price target on Microsoft to $270.00 and set a “buy” rating for the company in a research report on Tuesday, November 8th. Finally, Piper Sandler reduced their price target on Microsoft from $275.00 to $265.00 and set an “overweight” rating for the company in a research report on Wednesday, October 26th. Three investment analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $300.64.

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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