Microsoft Co. (NASDAQ:MSFT) is Bradley & Co. Private Wealth Management LLC’s 3rd Largest Position

Bradley & Co. Private Wealth Management LLC increased its holdings in Microsoft Co. (NASDAQ:MSFTGet Rating) by 4.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 25,871 shares of the software giant’s stock after acquiring an additional 1,151 shares during the quarter. Microsoft makes up about 7.2% of Bradley & Co. Private Wealth Management LLC’s investment portfolio, making the stock its 3rd largest position. Bradley & Co. Private Wealth Management LLC’s holdings in Microsoft were worth $6,026,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Monumental Financial Group Inc. purchased a new stake in Microsoft in the first quarter worth about $28,000. Newfound Research LLC lifted its stake in Microsoft by 25.4% in the second quarter. Newfound Research LLC now owns 296 shares of the software giant’s stock worth $76,000 after acquiring an additional 60 shares during the period. Grayhawk Investment Strategies Inc. bought a new position in Microsoft in the second quarter worth about $104,000. Darrow Company Inc. bought a new position in Microsoft in the second quarter worth about $82,000. Finally, Morgan Dempsey Capital Management LLC bought a new position in Microsoft in the third quarter worth about $82,000. 69.15% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Microsoft

In related news, EVP Judson Althoff sold 24,144 shares of the stock in a transaction on Thursday, December 1st. The stock was sold at an average price of $254.27, for a total value of $6,139,094.88. Following the completion of the transaction, the executive vice president now directly owns 150,047 shares of the company’s stock, valued at approximately $38,152,450.69. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.03% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Moffett Nathanson assumed coverage on shares of Microsoft in a report on Thursday, September 22nd. They issued a “hold” rating and a $285.00 target price for the company. Wolfe Research reduced 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. Credit Suisse Group set a $365.00 target price on shares of Microsoft in a report on Friday, December 9th. Evercore ISI cut their price objective on shares of Microsoft from $330.00 to $300.00 and set an “outperform” rating on the stock in a report on Wednesday, October 26th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Microsoft from $315.00 to $275.00 and set a “buy” rating on the stock in a report on Wednesday, October 26th. Four analysts have rated the stock with a hold rating and thirty have issued a buy rating to the stock. According to MarketBeat.com, Microsoft currently has an average rating of “Moderate Buy” and a consensus target price of $293.09.

Microsoft Trading Up 0.3 %

Shares of NASDAQ:MSFT opened at $239.23 on Tuesday. Microsoft Co. has a 1 year low of $213.43 and a 1 year high of $315.95. The firm has a market capitalization of $1.78 trillion, a price-to-earnings ratio of 25.78, a price-to-earnings-growth ratio of 2.35 and a beta of 0.94. 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 business’s 50 day moving average price is $241.60 and its 200-day moving average price is $250.60.

Microsoft (NASDAQ:MSFTGet Rating) last announced its earnings results on Tuesday, October 25th. The software giant reported $2.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.29 by $0.06. Microsoft had a return on equity of 42.10% and a net margin of 34.37%. The firm had revenue of $50.12 billion for the quarter, compared to analyst estimates of $49.70 billion. During the same quarter last year, the firm posted $2.27 EPS. The business’s revenue was up 10.6% on a year-over-year basis. On average, equities research analysts forecast that Microsoft Co. will post 9.52 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 9th. Investors of record on Wednesday, February 15th will be paid a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 1.14%. The ex-dividend date is Wednesday, February 15th. Microsoft’s dividend payout ratio is currently 29.31%.

About Microsoft

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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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