KLCM Advisors Inc. Has $2.06 Million Position in Microsoft Co. (NASDAQ:MSFT)

KLCM Advisors Inc. grew its stake in Microsoft Co. (NASDAQ:MSFTGet Rating) by 0.6% during the second quarter, HoldingsChannel.com reports. The firm owned 8,015 shares of the software giant’s stock after buying an additional 47 shares during the period. KLCM Advisors Inc.’s holdings in Microsoft were worth $2,058,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. KRS Capital Management LLC increased its holdings in shares of Microsoft by 4.8% in the first quarter. KRS Capital Management LLC now owns 4,781 shares of the software giant’s stock worth $1,474,000 after acquiring an additional 218 shares in the last quarter. Phoenix Wealth Advisors boosted its holdings in shares of Microsoft by 2.0% in the second quarter. Phoenix Wealth Advisors now owns 17,286 shares of the software giant’s stock valued at $4,440,000 after buying an additional 343 shares during the period. Jmac Enterprises LLC increased its position in shares of Microsoft by 1.0% during the second quarter. Jmac Enterprises LLC now owns 16,798 shares of the software giant’s stock worth $4,314,000 after acquiring an additional 169 shares in the last quarter. ARGI Investment Services LLC raised its holdings in shares of Microsoft by 9.9% during the second quarter. ARGI Investment Services LLC now owns 37,326 shares of the software giant’s stock worth $9,586,000 after acquiring an additional 3,358 shares during the period. Finally, First PREMIER Bank lifted its position in Microsoft by 0.3% in 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 in the last quarter. 69.29% of the stock is owned by institutional investors and hedge funds.

Microsoft Stock Up 1.0 %

Shares of NASDAQ:MSFT opened at $247.58 on Friday. The company has a 50-day moving average price of $237.12 and a 200 day moving average price of $255.62. The company has a current ratio of 1.84, a quick ratio of 1.79 and a debt-to-equity ratio of 0.26. Microsoft Co. has a 12 month low of $213.43 and a 12 month high of $344.30. The company has a market cap of $1.85 trillion, a price-to-earnings ratio of 26.68, a PEG ratio of 2.36 and a beta of 0.92.

Microsoft (NASDAQ:MSFTGet Rating) last announced its quarterly earnings data on Tuesday, October 25th. The software giant reported $2.35 EPS for the quarter, beating the consensus estimate of $2.30 by $0.05. Microsoft had a return on equity of 42.10% and a net margin of 34.37%. The company had revenue of $50.12 billion for the quarter, compared to the consensus estimate of $49.70 billion. During the same quarter in the prior year, the company posted $2.27 EPS. Microsoft’s quarterly revenue was up 10.6% on a year-over-year basis. As a group, equities research analysts predict that Microsoft Co. will post 9.62 earnings per share for the current year.

Microsoft Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 8th. Investors of record on Thursday, November 17th will be issued a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 1.10%. The ex-dividend date is Wednesday, November 16th. This is an increase from Microsoft’s previous quarterly dividend of $0.62. Microsoft’s dividend payout ratio (DPR) is 29.31%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on MSFT. Credit Suisse Group reduced their price objective on Microsoft from $400.00 to $365.00 and set an “outperform” rating for the company in a research report on Wednesday, October 26th. Piper Sandler lowered their price objective on shares of Microsoft from $275.00 to $265.00 and set an “overweight” rating on the stock in a report on Wednesday, October 26th. Wolfe Research reduced 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. Rosenblatt Securities lowered their target price on Microsoft from $300.00 to $285.00 and set a “buy” rating on the stock in a research report on Thursday, October 27th. Finally, Mizuho cut their target price on shares of Microsoft from $320.00 to $305.00 and set a “buy” 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, Microsoft currently has an average rating of “Moderate Buy” and an average target price of $300.64.

Insider Buying and Selling at Microsoft

In other Microsoft news, CMO Christopher C. Capossela sold 5,000 shares of the stock in a transaction dated 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 directly owns 109,837 shares of the company’s stock, valued at $29,244,101.25. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.03% of the company’s stock.

Microsoft Profile

(Get Rating)

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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