Terra Nova Asset Management LLC Has $2.75 Million Position in Microsoft Co. (NASDAQ:MSFT)

Terra Nova Asset Management LLC lifted its stake in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 2.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,813 shares of the software giant’s stock after purchasing an additional 260 shares during the period. Microsoft accounts for 3.0% of Terra Nova Asset Management LLC’s holdings, making the stock its 5th biggest position. Terra Nova Asset Management LLC’s holdings in Microsoft were worth $2,751,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in MSFT. Walled Lake Planning & Wealth Management LLC increased its stake in shares of 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 purchasing an additional 38 shares during the last quarter. Financial Advisors Network Inc. lifted its holdings in shares of Microsoft by 1.1% in the second 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 boosted its stake in shares of Microsoft by 1.6% in the 2nd quarter. Donoghue Forlines LLC now owns 2,598 shares of the software giant’s stock valued at $667,000 after purchasing an additional 40 shares in the last quarter. Fountainhead AM LLC grew 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 valued at $1,078,000 after purchasing an additional 41 shares during the last quarter. Finally, Lokken Investment Group LLC increased its position in 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 purchasing an additional 41 shares in the last quarter. Institutional investors and hedge funds own 69.15% of the company’s stock.

Microsoft Trading Up 3.6 %

Shares of Microsoft stock opened at $240.22 on Friday. The stock has a market capitalization of $1.79 trillion, a PE ratio of 25.89, a price-to-earnings-growth ratio of 2.35 and a beta of 0.94. Microsoft Co. has a 52 week low of $213.43 and a 52 week high of $315.95. The stock has a 50 day moving average price of $241.70 and a two-hundred day moving average price of $250.10. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.79 and a current ratio of 1.84.

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

Microsoft Announces Dividend

The firm 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 $0.68 dividend. The ex-dividend date of this dividend is Wednesday, February 15th. This represents a $2.72 annualized dividend and a yield of 1.13%. Microsoft’s payout ratio is 29.31%.

Insider Buying and Selling at Microsoft

In other news, EVP Judson Althoff sold 24,144 shares of the firm’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 150,047 shares in the company, valued at $38,152,450.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on MSFT shares. Stifel Nicolaus lowered their price target on shares of Microsoft from $300.00 to $290.00 and set a “buy” rating for the company in a report on Wednesday, October 26th. Oppenheimer reduced their price target on Microsoft from $275.00 to $265.00 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 for the company in a report on Thursday. The Goldman Sachs Group set a $315.00 target price on shares of Microsoft in a report on Tuesday. Finally, UBS Group set a $250.00 price target on shares of Microsoft in a research note on Thursday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-nine have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $287.88.

Microsoft Profile

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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.

Further Reading

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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