Personal Capital Advisors Corp Buys 8,829 Shares of Microsoft Co. (NASDAQ:MSFT)

Personal Capital Advisors Corp increased its stake in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 1.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 814,930 shares of the software giant’s stock after purchasing an additional 8,829 shares during the quarter. Microsoft makes up about 1.1% of Personal Capital Advisors Corp’s portfolio, making the stock its 22nd largest holding. Personal Capital Advisors Corp’s holdings in Microsoft were worth $209,299,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also added to or reduced their stakes in MSFT. KRS Capital Management LLC raised its stake in shares of Microsoft by 4.8% during the first 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 grew its position in shares of Microsoft by 2.0% in the 2nd 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 last quarter. Jmac Enterprises LLC increased its stake in shares of Microsoft by 1.0% in the second quarter. Jmac Enterprises LLC now owns 16,798 shares of the software giant’s stock valued at $4,314,000 after buying an additional 169 shares during the period. ARGI Investment Services LLC raised its position 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 last quarter. Finally, First PREMIER Bank lifted its stake in shares of Microsoft by 0.3% in the second quarter. First PREMIER Bank now owns 26,082 shares of the software giant’s stock worth $6,699,000 after acquiring an additional 79 shares during the period. Institutional investors own 69.29% of the company’s stock.

Wall Street Analyst Weigh In

MSFT has been the subject of several analyst reports. Wolfe Research lowered their price target 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. Royal Bank of Canada lowered their target price on shares of Microsoft from $380.00 to $310.00 and set an “outperform” rating for the company in a research note on Wednesday, October 26th. Credit Suisse Group decreased their price target on Microsoft from $400.00 to $365.00 and set an “outperform” rating for the company in a report on Wednesday, October 26th. Mizuho lowered their price objective on Microsoft from $320.00 to $305.00 and set a “buy” rating for the company in a research report on Wednesday, October 26th. Finally, Oppenheimer cut their target price on Microsoft from $275.00 to $265.00 in a research report on Wednesday, October 26th. Three equities research analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $300.64.

Insider Activity at Microsoft

In other Microsoft news, CMO Christopher C. Capossela sold 5,000 shares of the business’s 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 owns 109,837 shares of the company’s stock, valued at $29,244,101.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.03% of the stock is currently owned by company insiders.

Microsoft Trading Up 1.0 %

NASDAQ MSFT opened at $247.58 on Friday. The company has a current ratio of 1.84, a quick ratio of 1.79 and a debt-to-equity ratio of 0.26. The business has a fifty day simple moving average of $237.12 and a 200 day simple moving average of $255.62. Microsoft Co. has a 12 month low of $213.43 and a 12 month high of $344.30. The firm has a market capitalization of $1.85 trillion, a P/E ratio of 26.68, a PEG ratio of 2.36 and a beta of 0.92.

Microsoft (NASDAQ:MSFTGet Rating) last announced its earnings results 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 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 quarter in the prior year, the company posted $2.27 earnings per share. The firm’s revenue for the quarter was up 10.6% on a year-over-year basis. On average, analysts predict that Microsoft Co. will post 9.62 EPS for the current fiscal year.

Microsoft Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 8th. Stockholders of record on Thursday, November 17th will be paid a $0.68 dividend. 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. This is an increase from Microsoft’s previous quarterly dividend of $0.62. Microsoft’s payout ratio is presently 29.31%.

Microsoft Company 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.

Further Reading

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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