IFG Advisory LLC lessened its holdings in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 8.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,342 shares of the software giant’s stock after selling 2,725 shares during the period. Microsoft comprises 0.9% of IFG Advisory LLC’s investment portfolio, making the stock its 24th biggest holding. IFG Advisory LLC’s holdings in Microsoft were worth $8,048,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in MSFT. Aaron Wealth Advisors LLC raised its holdings in shares of Microsoft by 35,465.9% in the 1st quarter. Aaron Wealth Advisors LLC now owns 20,611,140 shares of the software giant’s stock worth $66,852,000 after acquiring an additional 20,553,188 shares during the last quarter. Vanguard Group Inc. increased its stake in Microsoft by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 621,598,157 shares of the software giant’s stock valued at $191,644,927,000 after buying an additional 5,648,095 shares during the last quarter. Swiss National Bank increased its stake in Microsoft by 13.8% in the 1st quarter. Swiss National Bank now owns 30,893,155 shares of the software giant’s stock valued at $9,524,669,000 after buying an additional 3,757,500 shares during the last quarter. Jennison Associates LLC increased its stake in Microsoft by 13.2% in the 1st quarter. Jennison Associates LLC now owns 23,092,331 shares of the software giant’s stock valued at $7,119,597,000 after buying an additional 2,696,424 shares during the last quarter. Finally, Verity Asset Management Inc. increased its stake in Microsoft by 21,811.0% in the 1st quarter. Verity Asset Management Inc. now owns 2,047,582 shares of the software giant’s stock valued at $2,901,000 after buying an additional 2,038,237 shares during the last quarter. Institutional investors and hedge funds own 69.29% of the company’s stock.
Analyst Ratings Changes
Several equities research analysts have commented on the stock. Wolfe Research decreased their price objective on shares of Microsoft from $340.00 to $280.00 and set an “outperform” rating for the company in a research note on Wednesday, October 26th. Citigroup decreased their price objective on shares of Microsoft from $300.00 to $282.00 and set a “buy” rating for the company in a research note on Wednesday, October 19th. Morgan Stanley decreased their price target on shares of Microsoft from $325.00 to $307.00 and set an “overweight” rating for the company in a research note on Wednesday, October 26th. Fundamental Research decreased their price target on shares of Microsoft to $270.00 and set a “buy” rating for the company in a research note on Tuesday, November 8th. Finally, Cowen decreased their price target on shares of Microsoft from $310.00 to $285.00 and set an “outperform” rating for the company in a research note on Wednesday, October 26th. Three equities research analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $300.64.
Insider Transactions at Microsoft
Microsoft Stock Performance
NASDAQ MSFT opened at $247.58 on Thursday. Microsoft Co. has a 52-week low of $213.43 and a 52-week high of $344.30. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.79 and a current ratio of 1.84. The company has a market capitalization of $1.85 trillion, a P/E ratio of 26.68, a P/E/G ratio of 2.33 and a beta of 0.92. The company has a fifty day moving average of $237.22 and a 200-day moving average of $255.68.
Microsoft (NASDAQ:MSFT – Get Rating) last posted its quarterly earnings data on Tuesday, October 25th. The software giant reported $2.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.30 by $0.05. Microsoft had a net margin of 34.37% and a return on equity of 42.10%. The company had revenue of $50.12 billion during the quarter, compared to the consensus estimate of $49.70 billion. During the same period in the previous year, the firm posted $2.27 EPS. The firm’s revenue was up 10.6% compared to the same quarter last year. As a group, equities research analysts predict that Microsoft Co. will post 9.62 EPS for the current fiscal 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 issued a dividend of $0.68 per share. This is an increase from Microsoft’s previous quarterly dividend of $0.62. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date is Wednesday, November 16th. Microsoft’s payout ratio is currently 29.31%.
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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