Mitchell Sinkler & Starr PA Boosts Position in Microsoft Co. (NASDAQ:MSFT)

Mitchell Sinkler & Starr PA increased its stake in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 0.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,642 shares of the software giant’s stock after acquiring an additional 256 shares during the quarter. Microsoft makes up 5.0% of Mitchell Sinkler & Starr PA’s investment portfolio, making the stock its 2nd largest position. Mitchell Sinkler & Starr PA’s holdings in Microsoft were worth $12,959,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. DGS Capital Management LLC lifted its holdings in Microsoft by 19.9% in the 1st quarter. DGS Capital Management LLC now owns 14,342 shares of the software giant’s stock worth $4,422,000 after buying an additional 2,383 shares during the period. IFM Investors Pty Ltd lifted its holdings in Microsoft by 20.8% in the 1st quarter. IFM Investors Pty Ltd now owns 1,138,469 shares of the software giant’s stock worth $351,001,000 after buying an additional 196,338 shares during the period. Altus Wealth Group LLC lifted its holdings in Microsoft by 1.2% in the 1st quarter. Altus Wealth Group LLC now owns 12,712 shares of the software giant’s stock worth $3,919,000 after buying an additional 152 shares during the period. Powell Investment Advisors LLC lifted its holdings in Microsoft by 16.2% in the 1st quarter. Powell Investment Advisors LLC now owns 2,578 shares of the software giant’s stock worth $795,000 after buying an additional 359 shares during the period. Finally, Onyx Bridge Wealth Group LLC lifted its holdings in Microsoft by 8.2% in the 1st quarter. Onyx Bridge Wealth Group LLC now owns 6,782 shares of the software giant’s stock worth $1,921,000 after buying an additional 512 shares during the period. 69.15% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. UBS Group set a $250.00 target price on Microsoft in a research note on Thursday. Barclays lowered their target price on Microsoft from $296.00 to $280.00 and set an “overweight” rating for the company in a research note on Tuesday, January 10th. Raymond James lowered their target price on Microsoft from $300.00 to $280.00 and set an “outperform” rating for the company in a research note on Wednesday, October 26th. Deutsche Bank Aktiengesellschaft reduced their price objective on Microsoft from $315.00 to $275.00 and set a “buy” rating for the company in a research report on Wednesday, October 26th. Finally, Wolfe Research reduced their price objective on Microsoft from $340.00 to $280.00 and set an “outperform” rating for the company in a research report on Wednesday, October 26th. One 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’s stock. According to data from MarketBeat, Microsoft currently has an average rating of “Moderate Buy” and an average price target of $287.88.

Insiders Place Their Bets

In other Microsoft news, EVP Judson Althoff sold 24,144 shares of the business’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 sale, the executive vice president now directly 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 is available at this hyperlink. 0.03% of the stock is currently owned by insiders.

Microsoft Price Performance

NASDAQ:MSFT opened at $240.22 on Monday. The company has a current ratio of 1.84, a quick ratio of 1.79 and a debt-to-equity ratio of 0.26. The company 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. Microsoft Co. has a 12 month low of $213.43 and a 12 month high of $315.95. The business’s 50-day moving average is $241.70 and its 200 day moving average is $249.89.

Microsoft (NASDAQ:MSFTGet Rating) last posted its earnings results on Tuesday, October 25th. The software giant reported $2.35 EPS 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 the consensus estimate of $49.70 billion. Microsoft had a return on equity of 42.10% and a net margin of 34.37%. The firm’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period in the previous year, the business earned $2.27 earnings per share. On average, equities research analysts forecast that Microsoft Co. will post 9.51 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 9th. Shareholders of record on Wednesday, February 15th will be paid a dividend of $0.68 per share. 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 currently 29.31%.

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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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