Microsoft Co. (NASDAQ:MSFT) Stake Increased by PBMares Wealth Management LLC

PBMares Wealth Management LLC grew its holdings in Microsoft Co. (NASDAQ:MSFTGet Rating) by 2.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,309 shares of the software giant’s stock after purchasing an additional 306 shares during the period. Microsoft makes up 1.1% of PBMares Wealth Management LLC’s portfolio, making the stock its 19th biggest position. PBMares Wealth Management LLC’s holdings in Microsoft were worth $2,634,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Aaron Wealth Advisors LLC increased its stake in shares of 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 acquiring an additional 20,553,188 shares during the last quarter. Vanguard Group Inc. increased 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. Bishop Rock Capital L.P. increased its position in Microsoft by 11,434.2% during 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 buying an additional 5,413,630 shares during the last quarter. Renaissance Technologies LLC acquired a new position in Microsoft during the second quarter worth $981,125,000. Finally, Swiss National Bank increased its position in Microsoft by 13.8% during the first quarter. Swiss National Bank now owns 30,893,155 shares of the software giant’s stock worth $9,524,669,000 after buying an additional 3,757,500 shares during the last quarter. Hedge funds and other institutional investors own 69.15% of the company’s stock.

Analyst Upgrades and Downgrades

MSFT has been the topic of several analyst reports. Raymond James lowered their target price 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. Royal Bank of Canada set a $285.00 target price on shares of Microsoft in a research report on Wednesday. Guggenheim downgraded shares of Microsoft from a “neutral” rating to a “sell” rating and set a $212.00 target price on the stock. in a research report on Tuesday, January 17th. Barclays lowered their price target on Microsoft from $296.00 to $280.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 10th. Finally, UBS Group set a $250.00 price target on Microsoft in a research report on Thursday. One analyst has rated the stock with a sell rating, four have given a hold rating and twenty-nine have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $287.88.

Insider Transactions at Microsoft

In related news, EVP Judson Althoff sold 24,144 shares of the business’s stock in a transaction on Thursday, December 1st. The shares were sold at an average price of $254.27, for a total value of $6,139,094.88. Following the sale, the executive vice president now directly owns 150,047 shares of the company’s stock, valued at approximately $38,152,450.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.03% of the company’s stock.

Microsoft Price Performance

MSFT opened at $240.22 on Friday. The company has a fifty day moving average price of $241.70 and a two-hundred day moving average price of $250.01. The firm has a market capitalization of $1.79 trillion, a PE ratio of 25.89, a P/E/G 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 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 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. As a group, analysts anticipate that Microsoft Co. will post 9.52 earnings per share for the current year.

Microsoft Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 9th. Stockholders of record on Thursday, February 16th will be given a dividend of $0.68 per share. The ex-dividend date 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%.

Microsoft 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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