Microsoft Co. (NASDAQ:MSFT) Shares Purchased by Walkner Condon Financial Advisors LLC

Walkner Condon Financial Advisors LLC boosted its position in Microsoft Co. (NASDAQ:MSFTGet Rating) by 7.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,004 shares of the software giant’s stock after acquiring an additional 1,015 shares during the quarter. Microsoft accounts for 1.1% of Walkner Condon Financial Advisors LLC’s investment portfolio, making the stock its 23rd biggest position. Walkner Condon Financial Advisors LLC’s holdings in Microsoft were worth $3,597,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. DGS Capital Management LLC lifted its stake in shares of Microsoft by 19.9% during the first quarter. DGS Capital Management LLC now owns 14,342 shares of the software giant’s stock worth $4,422,000 after purchasing an additional 2,383 shares in the last quarter. IFM Investors Pty Ltd lifted its stake in shares of Microsoft by 20.8% during the first quarter. IFM Investors Pty Ltd now owns 1,138,469 shares of the software giant’s stock worth $351,001,000 after purchasing an additional 196,338 shares in the last quarter. Essex LLC lifted its stake 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 in the last quarter. Blossom Wealth Management lifted its stake in shares of Microsoft by 7.3% during the first quarter. Blossom Wealth Management now owns 2,646 shares of the software giant’s stock worth $816,000 after purchasing an additional 181 shares in the last quarter. Finally, First PREMIER Bank lifted its stake in shares of Microsoft by 1.3% during the first quarter. First PREMIER Bank now owns 26,003 shares of the software giant’s stock worth $8,017,000 after purchasing an additional 342 shares in the last quarter. Institutional investors and hedge funds own 69.29% of the company’s stock.

Insider Activity

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 sale, the chief marketing officer now owns 109,837 shares in the company, valued at approximately $29,244,101.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on MSFT shares. Mizuho reduced their price objective on Microsoft from $320.00 to $305.00 and set a “buy” rating on the stock in a research note on Wednesday, October 26th. Guggenheim assumed coverage on Microsoft in a research note on Friday, August 12th. They issued a “neutral” rating and a $292.00 price target on the stock. Itaú Unibanco assumed coverage on Microsoft in a research note on Tuesday, July 26th. They issued an “outperform” rating and a $287.00 price target on the stock. Fundamental Research cut their price target on Microsoft to $270.00 and set a “buy” rating on the stock in a research note on Tuesday, November 8th. Finally, Oppenheimer cut their price target on Microsoft from $275.00 to $265.00 in a research note 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, the company currently has a consensus rating of “Moderate Buy” and an average price target of $300.64.

Microsoft Stock Performance

Shares of NASDAQ MSFT opened at $245.03 on Wednesday. The company has a market cap of $1.83 trillion, a PE ratio of 26.40, a P/E/G ratio of 2.32 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 12-month low of $213.43 and a 12-month high of $344.30. The stock has a 50 day simple moving average of $237.22 and a 200-day simple moving average of $255.68.

Microsoft (NASDAQ:MSFTGet Rating) last released its earnings results on Tuesday, October 25th. The software giant reported $2.35 earnings per share for the quarter, topping analysts’ consensus estimates of $2.30 by $0.05. The firm had revenue of $50.12 billion during 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 firm’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.27 earnings per share. On average, equities research analysts forecast that Microsoft Co. will post 9.62 EPS for the current year.

Microsoft Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 8th. Shareholders of record on Thursday, November 17th will be given a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 1.11%. 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 is 29.31%.

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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