Northwestern Mutual Investment Management Company LLC Boosts Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Northwestern Mutual Investment Management Company LLC increased its holdings in Microsoft Co. (NASDAQ:MSFTGet Rating) by 0.9% during the 2nd quarter, Holdings Channel reports. The firm owned 326,514 shares of the software giant’s stock after buying an additional 2,991 shares during the period. Microsoft makes up approximately 1.9% of Northwestern Mutual Investment Management Company LLC’s investment portfolio, making the stock its 7th biggest position. Northwestern Mutual Investment Management Company LLC’s holdings in Microsoft were worth $83,859,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of MSFT. University of Texas Texas AM Investment Managment Co. boosted its position in Microsoft by 1,316.7% during the 1st quarter. University of Texas Texas AM Investment Managment Co. now owns 85 shares of the software giant’s stock valued at $26,000 after acquiring an additional 79 shares in the last quarter. Monumental Financial Group Inc. bought a new stake in Microsoft during the 1st quarter valued at approximately $28,000. Newfound Research LLC boosted its position in Microsoft by 25.4% during the 2nd quarter. Newfound Research LLC now owns 296 shares of the software giant’s stock valued at $76,000 after acquiring an additional 60 shares in the last quarter. Darrow Company Inc. bought a new stake in Microsoft during the 2nd quarter valued at approximately $82,000. Finally, Evolution Advisers Inc. boosted its position in Microsoft by 36.4% during the 1st quarter. Evolution Advisers Inc. now owns 341 shares of the software giant’s stock valued at $105,000 after acquiring an additional 91 shares in the last quarter. 69.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Cowen lowered their target price on shares of Microsoft from $310.00 to $285.00 and set an “outperform” rating for the company in a report on Wednesday, October 26th. Jefferies Financial Group lowered their target price on shares of Microsoft from $275.00 to $270.00 and set a “buy” rating for the company in a report on Wednesday, October 26th. Wolfe Research lowered their target price on shares of Microsoft from $340.00 to $280.00 and set an “outperform” rating for the company in a report on Wednesday, October 26th. Morgan Stanley lowered their target price on shares of Microsoft from $325.00 to $307.00 and set an “overweight” rating for the company in a report on Wednesday, October 26th. Finally, Wedbush lowered their target price on shares of Microsoft from $320.00 to $290.00 and set an “outperform” rating for the company in a report 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 stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $300.64.

Microsoft Trading Up 1.0 %

Shares of MSFT stock opened at $247.58 on Thursday. Microsoft Co. has a 1 year low of $213.43 and a 1 year high of $344.30. The firm has a fifty day moving average price of $237.22 and a 200-day moving average price of $255.68. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.84 and a quick ratio of 1.79. The company has a market cap of $1.85 trillion, a price-to-earnings ratio of 26.68, a PEG ratio of 2.33 and a beta of 0.92.

Microsoft (NASDAQ:MSFTGet Rating) last issued its quarterly earnings data on Tuesday, October 25th. The software giant reported $2.35 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $50.12 billion during the quarter, compared to the consensus estimate of $49.70 billion. During the same quarter in the previous year, the firm posted $2.27 EPS. The company’s revenue for the quarter was up 10.6% compared to the same quarter last year. As a group, equities analysts predict that Microsoft Co. will post 9.62 earnings per share for the current year.

Microsoft Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 8th. Stockholders of record on Thursday, November 17th will be given a dividend of $0.68 per share. This is an increase from Microsoft’s previous quarterly dividend of $0.62. The ex-dividend date is Wednesday, November 16th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.10%. Microsoft’s payout ratio is presently 29.31%.

Insider Activity

In related news, CMO Christopher C. Capossela sold 5,000 shares of the company’s stock in a transaction on Monday, September 12th. The shares were sold at an average price of $266.25, for a total value of $1,331,250.00. Following the completion of the transaction, the chief marketing officer now owns 109,837 shares of the company’s stock, valued at approximately $29,244,101.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.03% of the company’s stock.

Microsoft Company Profile

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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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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