Microsoft Co. (NASDAQ:MSFT) Shares Bought by SkyOak Wealth LLC

SkyOak Wealth LLC boosted its position in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 2.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,136 shares of the software giant’s stock after purchasing an additional 435 shares during the period. Microsoft makes up 1.3% of SkyOak Wealth LLC’s portfolio, making the stock its 17th biggest position. SkyOak Wealth LLC’s holdings in Microsoft were worth $3,758,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in 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 purchasing an additional 5,648,095 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings 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 worth $50,302,677,000 after acquiring an additional 556,020 shares in the last quarter. Legal & General Group Plc grew its holdings 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 worth $14,074,064,000 after acquiring an additional 784,656 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Microsoft by 2.4% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 40,130,443 shares of the software giant’s stock worth $10,306,701,000 after acquiring an additional 939,396 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Microsoft by 2.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 39,863,273 shares of the software giant’s stock worth $12,290,246,000 after acquiring an additional 766,487 shares in the last quarter. 69.15% of the stock is owned by institutional investors and hedge funds.

Microsoft Stock Performance

Shares of MSFT opened at $240.22 on Monday. The firm’s 50 day moving average is $241.70 and its 200-day moving average is $249.89. The stock has a market capitalization of $1.79 trillion, a P/E ratio of 25.89, a P/E/G ratio of 2.36 and a beta of 0.94. 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 12-month low of $213.43 and a 12-month high of $315.95.

Microsoft (NASDAQ:MSFTGet Rating) last released its earnings results on Tuesday, October 25th. The software giant reported $2.35 earnings per share for the quarter, topping the consensus estimate of $2.29 by $0.06. The business had revenue of $50.12 billion for 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 firm’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 anticipate that Microsoft Co. will post 9.51 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 given a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 1.13%. The ex-dividend date of this dividend is Wednesday, February 15th. Microsoft’s dividend payout ratio (DPR) is currently 29.31%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Fundamental Research decreased their price objective on shares of Microsoft to $270.00 and set a “buy” rating for the company in a report on Tuesday, November 8th. Raymond James reduced 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. Wolfe Research reduced their price target on shares of Microsoft from $340.00 to $280.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 26th. Credit Suisse Group set a $365.00 price target on shares of Microsoft in a research report on Friday, December 9th. Finally, Jefferies Financial Group set a $270.00 price target on shares of Microsoft in a research report on Thursday, January 5th. One 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 company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $287.88.

Insider Transactions at Microsoft

In other news, EVP Judson Althoff sold 24,144 shares of Microsoft stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 150,047 shares of the company’s stock, valued at $38,152,450.69. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.03% of the stock is currently owned by insiders.

About Microsoft

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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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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