Tortoise Investment Management LLC Raises Stake in Microsoft Co. (NASDAQ:MSFT)

Tortoise Investment Management LLC boosted its position in Microsoft Co. (NASDAQ:MSFTGet Rating) by 6.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,447 shares of the software giant’s stock after buying an additional 521 shares during the quarter. Tortoise Investment Management LLC’s holdings in Microsoft were worth $2,169,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of MSFT. Aaron Wealth Advisors LLC boosted its stake in Microsoft by 35,465.9% in the first quarter. Aaron Wealth Advisors LLC now owns 20,611,140 shares of the software giant’s stock worth $66,852,000 after buying an additional 20,553,188 shares in the last quarter. Vanguard Group Inc. boosted its stake in Microsoft by 0.9% in the first quarter. Vanguard Group Inc. now owns 621,598,157 shares of the software giant’s stock worth $191,644,927,000 after buying an additional 5,648,095 shares in the last quarter. Swiss National Bank boosted its stake in Microsoft by 13.8% in the first quarter. Swiss National Bank now owns 30,893,155 shares of the software giant’s stock worth $9,524,669,000 after buying an additional 3,757,500 shares in the last quarter. Jennison Associates LLC boosted its stake in Microsoft by 13.2% in the first quarter. Jennison Associates LLC now owns 23,092,331 shares of the software giant’s stock worth $7,119,597,000 after buying an additional 2,696,424 shares in the last quarter. Finally, Verity Asset Management Inc. boosted its stake in shares of Microsoft by 21,811.0% during the first quarter. Verity Asset Management Inc. now owns 2,047,582 shares of the software giant’s stock valued at $2,901,000 after purchasing an additional 2,038,237 shares during the period. Hedge funds and other institutional investors own 69.29% of the company’s stock.

Insider Activity

In other news, CMO Christopher C. Capossela sold 5,000 shares of the firm’s 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 $29,244,101.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.03% of the company’s stock.

Microsoft Price Performance

MSFT opened at $242.05 on Tuesday. The stock has a fifty day simple moving average of $237.35 and a two-hundred day simple moving average of $255.89. 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 cap of $1.80 trillion, a price-to-earnings ratio of 26.08, a price-to-earnings-growth ratio of 2.32 and a beta of 0.92. Microsoft Co. has a 12-month low of $213.43 and a 12-month high of $349.67.

Microsoft (NASDAQ:MSFTGet Rating) last issued its quarterly earnings results 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. Microsoft had a return on equity of 42.10% and a net margin of 34.37%. The firm had revenue of $50.12 billion during the quarter, compared to the consensus estimate of $49.70 billion. During the same period last year, the company earned $2.27 earnings per share. The company’s revenue was up 10.6% on a year-over-year basis. Research analysts predict that Microsoft Co. will post 9.62 earnings per share for the current fiscal year.

Microsoft Increases Dividend

The business 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 is Wednesday, November 16th. This is an increase from Microsoft’s previous quarterly dividend of $0.62. This represents a $2.72 annualized dividend and a dividend yield of 1.12%. Microsoft’s dividend payout ratio (DPR) is presently 29.31%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on MSFT shares. JPMorgan Chase & Co. dropped their price objective on Microsoft from $305.00 to $275.00 in a research note on Wednesday, October 26th. Jefferies Financial Group dropped their price objective on Microsoft from $275.00 to $270.00 and set a “buy” rating for the company in a research note on Wednesday, October 26th. Fundamental Research dropped their price objective on Microsoft to $270.00 and set a “buy” rating for the company in a research note on Tuesday, November 8th. Cowen dropped their price objective on Microsoft from $310.00 to $285.00 and set an “outperform” rating for the company in a research note on Wednesday, October 26th. Finally, Oppenheimer dropped their price objective on Microsoft from $275.00 to $265.00 in a research note on Wednesday, October 26th. Three research analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $300.64.

Microsoft 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.

See Also

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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