KG&L Capital Management LLC Purchases 420 Shares of Microsoft Co. (NASDAQ:MSFT)

KG&L Capital Management LLC lifted its holdings in Microsoft Co. (NASDAQ:MSFTGet Rating) by 2.2% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 19,206 shares of the software giant’s stock after buying an additional 420 shares during the period. Microsoft comprises approximately 2.5% of KG&L Capital Management LLC’s holdings, making the stock its 10th largest position. KG&L Capital Management LLC’s holdings in Microsoft were worth $4,473,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MSFT. Aaron Wealth Advisors LLC increased its holdings in Microsoft by 35,465.9% in the first quarter. Aaron Wealth Advisors LLC now owns 20,611,140 shares of the software giant’s stock worth $66,852,000 after purchasing an additional 20,553,188 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Microsoft by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 621,598,157 shares of the software giant’s stock valued at $191,644,927,000 after acquiring an additional 5,648,095 shares during the period. Bishop Rock Capital L.P. grew its holdings in Microsoft by 11,434.2% in the second quarter. Bishop Rock Capital L.P. now owns 5,460,976 shares of the software giant’s stock worth $21,263,000 after purchasing an additional 5,413,630 shares during the period. Renaissance Technologies LLC acquired a new position in shares of Microsoft during the second quarter valued at about $981,125,000. Finally, Swiss National Bank grew its stake in shares of Microsoft by 13.8% in the 1st quarter. Swiss National Bank now owns 30,893,155 shares of the software giant’s stock valued at $9,524,669,000 after buying an additional 3,757,500 shares during the period. 69.15% of the stock is owned by institutional investors and hedge funds.

Microsoft Price Performance

MSFT stock opened at $231.93 on Friday. The firm has a 50 day moving average of $241.84 and a 200-day moving average of $250.23. The firm has a market capitalization of $1.73 trillion, a P/E ratio of 24.99, a price-to-earnings-growth ratio of 2.35 and a beta of 0.94. Microsoft Co. has a 12 month low of $213.43 and a 12 month high of $315.95. 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 (NASDAQ:MSFTGet Rating) last announced its quarterly earnings results on Tuesday, October 25th. The software giant reported $2.35 EPS for the quarter, beating the consensus estimate of $2.29 by $0.06. The firm 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 business’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same period last year, the firm earned $2.27 EPS. As a group, sell-side analysts predict that Microsoft Co. will post 9.52 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 9th. Shareholders of record on Wednesday, February 15th will be paid a $0.68 dividend. The ex-dividend date is Wednesday, February 15th. This represents a $2.72 dividend on an annualized basis and a yield of 1.17%. Microsoft’s dividend payout ratio is currently 29.31%.

Insider Buying and Selling at Microsoft

In other news, EVP Judson Althoff sold 24,144 shares of the business’s stock in a transaction dated Thursday, December 1st. The stock was 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 of the company’s stock, valued at $38,152,450.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on MSFT. Mizuho cut their price target on Microsoft from $320.00 to $305.00 and set a “buy” rating on the stock in a report on Wednesday, October 26th. Citigroup dropped their price objective on shares of Microsoft from $282.00 to $280.00 and set a “buy” rating on the stock in a research note on Thursday. Wells Fargo & Company decreased their target price on shares of Microsoft from $315.00 to $300.00 and set an “overweight” rating for the company in a research report on Wednesday, October 26th. Raymond James dropped their price target on shares of Microsoft from $300.00 to $280.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 26th. Finally, Oppenheimer decreased their price objective on Microsoft from $275.00 to $265.00 in a report on Wednesday, October 26th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Microsoft has an average rating of “Moderate Buy” and an average target price of $288.33.

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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