Addison Advisors LLC grew its position in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 1.1% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 14,879 shares of the software giant’s stock after acquiring an additional 163 shares during the quarter. Microsoft makes up about 2.3% of Addison Advisors LLC’s investment portfolio, making the stock its 8th largest holding. Addison Advisors LLC’s holdings in Microsoft were worth $3,821,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of MSFT. DGS Capital Management LLC boosted its stake in shares of Microsoft by 19.9% during the 1st quarter. DGS Capital Management LLC now owns 14,342 shares of the software giant’s stock worth $4,422,000 after acquiring an additional 2,383 shares in the last quarter. IFM Investors Pty Ltd boosted its stake in shares of Microsoft by 20.8% during the 1st quarter. IFM Investors Pty Ltd now owns 1,138,469 shares of the software giant’s stock worth $351,001,000 after acquiring an additional 196,338 shares in the last quarter. Essex LLC boosted its stake in shares of Microsoft by 194.4% during the 1st quarter. Essex LLC now owns 14,230 shares of the software giant’s stock worth $4,387,000 after acquiring an additional 9,396 shares in the last quarter. Blossom Wealth Management boosted its stake in shares of Microsoft by 7.3% during the 1st quarter. Blossom Wealth Management now owns 2,646 shares of the software giant’s stock worth $816,000 after acquiring an additional 181 shares in the last quarter. Finally, S.E.E.D. Planning Group LLC boosted its stake in shares of Microsoft by 19.0% during the 1st quarter. S.E.E.D. Planning Group LLC now owns 23,667 shares of the software giant’s stock worth $7,297,000 after acquiring an additional 3,785 shares in the last quarter. 69.29% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at Microsoft
In other Microsoft 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 value of $1,331,250.00. Following the transaction, the chief marketing officer now directly owns 109,837 shares in the company, valued at approximately $29,244,101.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.03% of the company’s stock.
Microsoft Trading Up 1.0 %
Microsoft (NASDAQ:MSFT – Get Rating) last released its quarterly earnings results on Tuesday, October 25th. The software giant reported $2.35 earnings per share for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $49.70 billion. During the same period last year, the firm posted $2.27 EPS. The business’s revenue was up 10.6% on a year-over-year basis. Analysts expect that Microsoft Co. will post 9.62 EPS for the current fiscal year.
Microsoft Increases Dividend
The company also recently disclosed 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 1.10%. This is a positive change 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 (DPR) is presently 29.31%.
Analyst Ratings Changes
Several research firms have recently issued reports on MSFT. Evercore ISI decreased their price target on Microsoft from $330.00 to $300.00 and set an “outperform” rating for the company in a research note on Wednesday, October 26th. Cowen decreased their target price on Microsoft from $310.00 to $285.00 and set an “outperform” rating for the company in a research note on Wednesday, October 26th. Rosenblatt Securities decreased their target price on Microsoft from $300.00 to $285.00 and set a “buy” rating for the company in a research note on Thursday, October 27th. JPMorgan Chase & Co. decreased their target price on Microsoft from $305.00 to $275.00 in a research note on Wednesday, October 26th. Finally, Stifel Nicolaus decreased their target price on Microsoft from $300.00 to $290.00 and set a “buy” rating for the company in a research note on Wednesday, October 26th. Three investment analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $300.64.
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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