APCM Wealth Management for Individuals grew its stake in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 21.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,392 shares of the software giant’s stock after purchasing an additional 594 shares during the quarter. APCM Wealth Management for Individuals’ holdings in Microsoft were worth $790,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in the stock. Phoenix Wealth Advisors lifted its position in Microsoft by 2.0% in the second quarter. Phoenix Wealth Advisors now owns 17,286 shares of the software giant’s stock worth $4,440,000 after purchasing an additional 343 shares during the period. Jmac Enterprises LLC increased its holdings 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 in the last quarter. ARGI Investment Services LLC increased its holdings in shares of Microsoft by 9.9% in the second quarter. ARGI Investment Services LLC now owns 37,326 shares of the software giant’s stock valued at $9,586,000 after buying an additional 3,358 shares in the last quarter. First PREMIER Bank increased its holdings 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 valued at $6,699,000 after buying an additional 79 shares in the last quarter. Finally, Seaview Investment Managers LLC raised its stake in Microsoft by 4.9% during the 2nd quarter. Seaview Investment Managers LLC now owns 26,839 shares of the software giant’s stock valued at $6,893,000 after purchasing an additional 1,261 shares during the period. 69.15% of the stock is owned by institutional investors.
Insider Buying and Selling
In related news, EVP Judson Althoff sold 24,144 shares of the firm’s stock in a transaction on 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 sale, the executive vice president now directly owns 150,047 shares in the company, valued at $38,152,450.69. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.03% of the stock is currently owned by company insiders.
Microsoft Trading Up 0.5 %
Microsoft (NASDAQ:MSFT – Get Rating) last announced its quarterly earnings results on Tuesday, October 25th. The software giant reported $2.35 earnings per share for the quarter, topping analysts’ consensus estimates of $2.29 by $0.06. The company had revenue of $50.12 billion for the quarter, compared to analysts’ expectations of $49.70 billion. Microsoft had a net margin of 34.37% and a return on equity of 42.10%. The business’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same period last year, the firm posted $2.27 earnings per share. Equities research analysts predict that Microsoft Co. will post 9.52 EPS for the current year.
Microsoft Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 9th. Stockholders of record on Wednesday, February 15th will be given a dividend of $0.68 per share. The ex-dividend date of this dividend is Wednesday, February 15th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.13%. Microsoft’s dividend payout ratio is 29.31%.
Analyst Upgrades and Downgrades
MSFT has been the topic of several recent analyst reports. Cowen cut their target price on shares of Microsoft from $310.00 to $285.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 26th. Mizuho cut their target price on shares of Microsoft from $320.00 to $305.00 and set a “buy” rating on the stock in a research note on Wednesday, October 26th. Citigroup cut their target price on shares of Microsoft from $300.00 to $282.00 and set a “buy” rating on the stock in a research note on Wednesday, October 19th. Wedbush cut their target price on shares of Microsoft from $320.00 to $290.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 26th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of Microsoft from $315.00 to $275.00 and set a “buy” rating on the stock in a research note on Wednesday, October 26th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and thirty have issued a buy rating to the company’s stock. According to MarketBeat.com, Microsoft currently has a consensus rating of “Moderate Buy” and an average price target of $289.15.
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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