Wilbanks Smith & Thomas Asset Management LLC Grows Stock Position in Microsoft Co. (NASDAQ:MSFT)

Wilbanks Smith & Thomas Asset Management LLC boosted its stake in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 2.9% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 138,636 shares of the software giant’s stock after buying an additional 3,909 shares during the quarter. Microsoft makes up approximately 1.5% of Wilbanks Smith & Thomas Asset Management LLC’s investment portfolio, making the stock its 14th biggest holding. Wilbanks Smith & Thomas Asset Management LLC’s holdings in Microsoft were worth $35,606,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. University of Texas Texas AM Investment Managment Co. increased its stake 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 worth $26,000 after purchasing an additional 79 shares during the period. Monumental Financial Group Inc. bought a new stake in Microsoft during the first quarter valued at about $28,000. Newfound Research LLC boosted its position in Microsoft by 25.4% during the second quarter. Newfound Research LLC now owns 296 shares of the software giant’s stock valued at $76,000 after purchasing an additional 60 shares in the last quarter. Darrow Company Inc. bought a new stake in Microsoft during the second quarter valued at about $82,000. Finally, Evolution Advisers Inc. boosted its position in Microsoft by 36.4% during the first quarter. Evolution Advisers Inc. now owns 341 shares of the software giant’s stock valued at $105,000 after purchasing an additional 91 shares in the last quarter. Hedge funds and other institutional investors own 69.29% of the company’s stock.

Microsoft Stock Performance

NASDAQ MSFT opened at $245.03 on Wednesday. The stock’s fifty day moving average is $237.22 and its two-hundred day moving average is $255.68. The firm has a market capitalization of $1.83 trillion, a P/E ratio of 26.40, a price-to-earnings-growth ratio of 2.32 and a beta of 0.92. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.79 and a current ratio of 1.84. Microsoft Co. has a fifty-two week low of $213.43 and a fifty-two week high of $344.30.

Microsoft (NASDAQ:MSFTGet Rating) last released its quarterly earnings data 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 company 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 firm’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.27 earnings per share. On average, research analysts anticipate that Microsoft Co. will post 9.62 earnings per share for the current year.

Microsoft Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 8th. Shareholders of record on Thursday, November 17th will be paid a dividend of $0.68 per share. The ex-dividend date is Wednesday, November 16th. This represents a $2.72 dividend on an annualized basis and a yield of 1.11%. This is a positive change from Microsoft’s previous quarterly dividend of $0.62. Microsoft’s payout ratio is 29.31%.

Analyst Ratings Changes

MSFT has been the subject of several recent analyst reports. Morgan Stanley lowered their price target on Microsoft from $325.00 to $307.00 and set an “overweight” rating for the company in a report on Wednesday, October 26th. Guggenheim assumed coverage on Microsoft in a research report on Friday, August 12th. They set a “neutral” rating and a $292.00 price target for the company. 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. Itau BBA Securities assumed coverage on Microsoft in a research report on Tuesday, July 26th. They set an “outperform” rating and a $287.00 price target for the company. Finally, Itaú Unibanco assumed coverage on Microsoft in a research report on Tuesday, July 26th. They set an “outperform” rating and a $287.00 price target for the company. Three research analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $300.64.

Insiders Place Their Bets

In other Microsoft news, CMO Christopher C. Capossela sold 5,000 shares of Microsoft stock in a transaction 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 sale, the chief marketing officer now owns 109,837 shares in the company, valued at $29,244,101.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.03% of the stock is currently owned by corporate insiders.

About Microsoft

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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

Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Co. (NASDAQ:MSFTGet Rating).

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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