Thrive Wealth Management LLC Acquires 1,554 Shares of Microsoft Co. (NASDAQ:MSFT)

Thrive Wealth Management LLC grew its holdings in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 13.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 13,408 shares of the software giant’s stock after purchasing an additional 1,554 shares during the period. Microsoft makes up approximately 1.1% of Thrive Wealth Management LLC’s holdings, making the stock its 12th largest position. Thrive Wealth Management LLC’s holdings in Microsoft were worth $3,123,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Microsoft by 0.9% in the first quarter. Vanguard Group Inc. now owns 621,598,157 shares of the software giant’s stock worth $191,644,927,000 after acquiring an additional 5,648,095 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Microsoft by 0.3% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 195,859,819 shares of the software giant’s stock valued at $50,302,677,000 after purchasing an additional 556,020 shares during the last quarter. Legal & General Group Plc increased its stake in Microsoft by 1.5% during the 2nd quarter. Legal & General Group Plc now owns 54,799,110 shares of the software giant’s stock valued at $14,074,064,000 after purchasing an additional 784,656 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Microsoft by 2.4% in the second quarter. Massachusetts Financial Services Co. MA now owns 40,130,443 shares of the software giant’s stock worth $10,306,701,000 after buying an additional 939,396 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Microsoft by 2.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 39,863,273 shares of the software giant’s stock worth $12,290,246,000 after buying an additional 766,487 shares in the last quarter. 69.15% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Microsoft 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 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 document filed with the Securities & Exchange Commission, which is accessible through this link. 0.03% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on MSFT shares. Guggenheim lowered shares of Microsoft from a “neutral” rating to a “sell” rating and set a $212.00 price objective for the company. in a report on Tuesday. Cowen lowered their price target on Microsoft from $310.00 to $285.00 and set an “outperform” rating on the stock in a report on Wednesday, October 26th. Cowen decreased their target price on Microsoft from $285.00 to $280.00 and set an “outperform” rating for the company in a research report on Thursday. Jefferies Financial Group set a $270.00 price target on shares of Microsoft in a report on Thursday, January 5th. Finally, StockNews.com cut shares of Microsoft from a “buy” rating to a “hold” rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and twenty-nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $287.88.

Microsoft Trading Up 3.6 %

MSFT stock opened at $240.22 on Friday. 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 business has a 50 day simple moving average of $241.70 and a two-hundred day simple moving average of $250.10. The company has a market capitalization of $1.79 trillion, a price-to-earnings ratio of 25.89, a PEG ratio of 2.35 and a beta of 0.94.

Microsoft (NASDAQ:MSFTGet Rating) last issued its 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 firm had revenue of $50.12 billion during the quarter, compared to analyst estimates of $49.70 billion. Microsoft had a net margin of 34.37% and a return on equity of 42.10%. Microsoft’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.27 earnings per share. Research analysts anticipate that Microsoft Co. will post 9.52 EPS for the current fiscal year.

Microsoft Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 9th. Stockholders of record on Wednesday, February 15th will be issued a $0.68 dividend. The ex-dividend date is Wednesday, February 15th. This represents a $2.72 annualized dividend and a dividend yield of 1.13%. Microsoft’s dividend payout ratio (DPR) is 29.31%.

About Microsoft

(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.

Further Reading

Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Co. (NASDAQ:MSFTGet Rating).

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

Receive News & Ratings for Microsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft and related companies with MarketBeat.com's FREE daily email newsletter.