Hosking Partners LLP decreased its stake in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 16.0% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 146,555 shares of the software giant’s stock after selling 27,956 shares during the period. Microsoft accounts for about 1.5% of Hosking Partners LLP’s holdings, making the stock its 18th largest position. Hosking Partners LLP’s holdings in Microsoft were worth $37,640,000 as of its most recent filing with the SEC.
Other hedge funds have also made changes to their positions in the company. KRS Capital Management LLC increased its holdings in shares of Microsoft by 4.8% during the 1st quarter. KRS Capital Management LLC now owns 4,781 shares of the software giant’s stock valued at $1,474,000 after acquiring an additional 218 shares during the last quarter. Phoenix Wealth Advisors increased its holdings in shares of Microsoft by 2.0% during the 2nd quarter. Phoenix Wealth Advisors now owns 17,286 shares of the software giant’s stock valued at $4,440,000 after acquiring an additional 343 shares during the last quarter. Jmac Enterprises LLC increased its holdings in shares of Microsoft by 1.0% during the 2nd quarter. Jmac Enterprises LLC now owns 16,798 shares of the software giant’s stock valued at $4,314,000 after acquiring an additional 169 shares during the last quarter. ARGI Investment Services LLC increased its holdings in shares of Microsoft by 9.9% during the 2nd quarter. ARGI Investment Services LLC now owns 37,326 shares of the software giant’s stock valued at $9,586,000 after acquiring an additional 3,358 shares during the last quarter. Finally, First PREMIER Bank increased its holdings in shares of Microsoft by 0.3% during the 2nd quarter. First PREMIER Bank now owns 26,082 shares of the software giant’s stock valued at $6,699,000 after acquiring an additional 79 shares during the last quarter. Institutional investors and hedge funds own 69.29% of the company’s stock.
Wall Street Analyst Weigh In
A number of analysts have issued reports on the company. UBS Group set a $300.00 target price on Microsoft in a report on Monday. Barclays set a $296.00 target price on Microsoft in a report on Tuesday, November 1st. Royal Bank of Canada lowered their target price on Microsoft from $380.00 to $310.00 and set an “outperform” rating on the stock in a report on Wednesday, October 26th. Wedbush lowered their target price on Microsoft from $320.00 to $290.00 and set an “outperform” rating on the stock in a report on Wednesday, October 26th. Finally, Macquarie began coverage on Microsoft in a report on Wednesday, November 2nd. They issued a “neutral” rating and a $234.00 target price on the stock. Three research analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $300.64.
Insider Buying and Selling at Microsoft
Microsoft Trading Up 1.0 %
MSFT stock opened at $247.58 on Thursday. The company has a market cap of $1.85 trillion, a P/E ratio of 26.68, a PEG ratio of 2.33 and a beta of 0.92. Microsoft Co. has a twelve month low of $213.43 and a twelve month high of $344.30. The company has a quick ratio of 1.79, a current ratio of 1.84 and a debt-to-equity ratio of 0.26. The business has a fifty day moving average of $237.22 and a 200-day moving average of $255.68.
Microsoft (NASDAQ:MSFT – Get Rating) last announced its quarterly earnings data on Tuesday, October 25th. The software giant reported $2.35 EPS for the quarter, topping 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 business had revenue of $50.12 billion during the quarter, compared to analysts’ expectations of $49.70 billion. During the same period in the previous year, the firm earned $2.27 earnings per share. The firm’s quarterly revenue was up 10.6% compared to the same quarter last year. As a group, equities research analysts expect that Microsoft Co. will post 9.62 EPS for the current year.
Microsoft Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 8th. Investors of record on Thursday, November 17th will be paid a dividend of $0.68 per share. The ex-dividend date of this dividend is Wednesday, November 16th. This is a boost 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%. Microsoft’s payout ratio is 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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