Microsoft Co. (NASDAQ:MSFT) Shares Bought by Ronald Blue Trust Inc.

Ronald Blue Trust Inc. grew its holdings in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 8.2% during the third quarter, Holdings Channel reports. The firm owned 56,759 shares of the software giant’s stock after acquiring an additional 4,304 shares during the quarter. Ronald Blue Trust Inc.’s holdings in Microsoft were worth $14,577,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of MSFT. Walled Lake Planning & Wealth Management LLC lifted its stake in Microsoft by 0.5% in the 2nd quarter. Walled Lake Planning & Wealth Management LLC now owns 7,369 shares of the software giant’s stock valued at $1,893,000 after acquiring an additional 38 shares in the last quarter. Financial Advisors Network Inc. increased its holdings in shares of Microsoft by 1.1% during the 2nd quarter. Financial Advisors Network Inc. now owns 3,482 shares of the software giant’s stock worth $894,000 after acquiring an additional 39 shares during the last quarter. Donoghue Forlines LLC increased its holdings in shares of Microsoft by 1.6% during the 2nd quarter. Donoghue Forlines LLC now owns 2,598 shares of the software giant’s stock worth $667,000 after acquiring an additional 40 shares during the last quarter. Fountainhead AM LLC increased its holdings in shares of Microsoft by 1.0% during the 2nd quarter. Fountainhead AM LLC now owns 4,196 shares of the software giant’s stock worth $1,078,000 after acquiring an additional 41 shares during the last quarter. Finally, Lokken Investment Group LLC increased its holdings in shares of Microsoft by 0.3% during the 2nd quarter. Lokken Investment Group LLC now owns 11,976 shares of the software giant’s stock worth $3,076,000 after acquiring an additional 41 shares during the last quarter. Institutional investors own 69.15% of the company’s stock.

Insider Buying and Selling

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

Microsoft Price Performance

Shares of MSFT opened at $239.23 on Tuesday. The firm has a market capitalization of $1.78 trillion, a PE 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. Microsoft Co. has a 1-year low of $213.43 and a 1-year high of $315.95. The company’s fifty day moving average price is $241.60 and its 200-day moving average price is $250.60.

Microsoft (NASDAQ:MSFTGet Rating) last posted 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. The company had revenue of $50.12 billion during the quarter, compared to the consensus estimate of $49.70 billion. Microsoft had a net margin of 34.37% and a return on equity of 42.10%. The firm’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period in the previous year, the firm posted $2.27 earnings per share. On average, equities research analysts predict that Microsoft Co. will post 9.52 EPS for the current year.

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 9th. Investors of record on Wednesday, February 15th will be given a dividend of $0.68 per share. The ex-dividend date is Wednesday, February 15th. This represents a $2.72 annualized dividend and a dividend yield of 1.14%. Microsoft’s dividend payout ratio (DPR) is presently 29.31%.

Analyst Ratings Changes

A number of research analysts have commented on MSFT shares. Macquarie began coverage on Microsoft in a report on Wednesday, November 2nd. They issued a “neutral” rating and a $234.00 price objective on the stock. Wolfe Research dropped their price objective on Microsoft from $340.00 to $280.00 and set an “outperform” rating for the company in a research report on Wednesday, October 26th. Wells Fargo & Company dropped their target price on Microsoft from $315.00 to $300.00 and set an “overweight” rating for the company in a research report on Wednesday, October 26th. Deutsche Bank Aktiengesellschaft decreased their price target on Microsoft from $315.00 to $275.00 and set a “buy” rating for the company in a research note on Wednesday, October 26th. Finally, Cowen decreased their target price on Microsoft from $310.00 to $285.00 and set an “outperform” rating for the company in a research note on Wednesday, October 26th. Four research analysts have rated the stock with a hold rating and thirty have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $293.09.

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.

See Also

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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