Consolidated Investment Group LLC Raises Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Consolidated Investment Group LLC increased its position in Microsoft Co. (NASDAQ:MSFTGet Rating) by 13.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 33,889 shares of the software giant’s stock after buying an additional 4,000 shares during the quarter. Microsoft accounts for approximately 1.7% of Consolidated Investment Group LLC’s holdings, making the stock its 14th biggest holding. Consolidated Investment Group LLC’s holdings in Microsoft were worth $7,893,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Walled Lake Planning & Wealth Management LLC increased its position in shares of Microsoft by 0.5% during 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. increased its holdings in Microsoft by 1.1% in the 2nd 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 in the last quarter. Donoghue Forlines LLC increased its holdings in Microsoft by 1.6% in the 2nd quarter. Donoghue Forlines LLC now owns 2,598 shares of the software giant’s stock worth $667,000 after acquiring an additional 40 shares in the last quarter. Fountainhead AM LLC increased its holdings in Microsoft by 1.0% in the 2nd quarter. Fountainhead AM LLC now owns 4,196 shares of the software giant’s stock worth $1,078,000 after acquiring an additional 41 shares in the last quarter. Finally, Lokken Investment Group LLC increased its holdings in Microsoft by 0.3% in the 2nd quarter. Lokken Investment Group LLC now owns 11,976 shares of the software giant’s stock worth $3,076,000 after acquiring an additional 41 shares in the last quarter. 69.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on MSFT. DA Davidson began coverage on shares of Microsoft in a report on Wednesday, January 4th. They issued a “buy” rating and a $270.00 target price for the company. Barclays reduced their target price on shares of Microsoft from $296.00 to $280.00 and set an “overweight” rating for the company in a report on Tuesday, January 10th. Mizuho dropped their price target on Microsoft from $305.00 to $290.00 and set a “buy” rating for the company in a research note on Friday. BMO Capital Markets dropped their price target on Microsoft from $270.00 to $267.00 and set an “outperform” rating for the company in a research note on Monday. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Microsoft from $315.00 to $275.00 and set a “buy” rating for the company in a research note on Wednesday, October 26th. One research analyst has rated the stock with a sell rating, four have given a hold rating and twenty-nine have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $287.79.

Microsoft Stock Performance

MSFT stock opened at $242.58 on Tuesday. The company has a quick ratio of 1.79, a current ratio of 1.84 and a debt-to-equity ratio of 0.26. The business’s fifty day simple moving average is $241.72 and its two-hundred day simple moving average is $249.71. Microsoft Co. has a twelve month low of $213.43 and a twelve month high of $315.95. The firm has a market cap of $1.81 trillion, a price-to-earnings ratio of 26.14, a PEG ratio of 2.36 and a beta of 0.94.

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 analysts’ consensus estimates of $2.29 by $0.06. Microsoft had a return on equity of 42.10% and a net margin of 34.37%. The business had revenue of $50.12 billion for the quarter, compared to analyst estimates of $49.70 billion. During the same quarter last year, the firm posted $2.27 earnings per share. The business’s revenue was up 10.6% compared to the same quarter last year. Analysts predict that Microsoft Co. will post 9.51 earnings per share for the current year.

Microsoft Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 9th. Shareholders of record on Wednesday, February 15th will be paid a $0.68 dividend. The ex-dividend date is Wednesday, February 15th. This represents a $2.72 dividend on an annualized basis and a yield of 1.12%. Microsoft’s payout ratio is 29.31%.

Insiders Place Their Bets

In other news, EVP Judson Althoff sold 24,144 shares of the firm’s stock in a transaction 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 transaction, the executive vice president now owns 150,047 shares in the company, valued at $38,152,450.69. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.03% of the company’s stock.

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.

Further Reading

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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