Hartline Investment Corp Has $21.79 Million Position in Microsoft Co. (NASDAQ:MSFT)

Hartline Investment Corp grew its holdings in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 934.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 90,845 shares of the software giant’s stock after acquiring an additional 82,064 shares during the quarter. Microsoft accounts for 5.0% of Hartline Investment Corp’s portfolio, making the stock its 5th largest holding. Hartline Investment Corp’s holdings in Microsoft were worth $21,786,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sentinel Pension Advisors Inc. boosted its holdings in Microsoft by 1.1% during the 4th quarter. Sentinel Pension Advisors Inc. now owns 3,746 shares of the software giant’s stock valued at $898,000 after acquiring an additional 39 shares during the period. Rovin Capital UT ADV raised its position in Microsoft by 1.1% during the 3rd quarter. Rovin Capital UT ADV now owns 3,747 shares of the software giant’s stock valued at $873,000 after purchasing an additional 40 shares during the last quarter. Lokken Investment Group LLC raised its position in Microsoft by 0.3% during the 2nd quarter. Lokken Investment Group LLC now owns 11,976 shares of the software giant’s stock valued at $3,076,000 after purchasing an additional 41 shares during the last quarter. Denver Wealth Management Inc. raised its position in Microsoft by 3.1% during the 4th quarter. Denver Wealth Management Inc. now owns 1,348 shares of the software giant’s stock valued at $323,000 after purchasing an additional 41 shares during the last quarter. Finally, Daniels&Tansey LLP raised its position in shares of Microsoft by 2.8% in the 4th quarter. Daniels&Tansey LLP now owns 1,488 shares of the software giant’s stock worth $357,000 after acquiring an additional 41 shares in the last quarter. 69.15% of the stock is owned by institutional investors.

Microsoft Trading Down 0.1 %

Microsoft stock opened at $318.34 on Monday. Microsoft Co. has a 1 year low of $213.43 and a 1 year high of $319.04. The firm’s 50 day moving average price is $290.86 and its two-hundred day moving average price is $261.67. The firm has a market cap of $2.37 trillion, a price-to-earnings ratio of 34.49, a price-to-earnings-growth ratio of 2.83 and a beta of 0.93. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.88 and a current ratio of 1.91.

Microsoft (NASDAQ:MSFT – Get Rating) last posted its quarterly earnings results on Tuesday, April 25th. The software giant reported $2.45 earnings per share for the quarter, topping analysts’ consensus estimates of $2.22 by $0.23. The business had revenue of $52.86 billion for the quarter, compared to the consensus estimate of $51.01 billion. Microsoft had a net margin of 33.25% and a return on equity of 38.98%. Microsoft’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the prior year, the business posted $2.22 earnings per share. On average, research analysts predict that Microsoft Co. will post 9.66 EPS for the current fiscal year.

Microsoft Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 8th. Shareholders of record on Thursday, May 18th will be paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend is Wednesday, May 17th. Microsoft’s dividend payout ratio is 29.47%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. BNP Paribas lowered Microsoft from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $310.00 to $300.00 in a research report on Monday, April 24th. Deutsche Bank Aktiengesellschaft raised their target price on Microsoft from $310.00 to $340.00 in a report on Wednesday, April 26th. Guggenheim raised their price target on Microsoft from $212.00 to $232.00 and gave the company a “sell” rating in a report on Wednesday, April 26th. Macquarie raised Microsoft from a “neutral” rating to an “outperform” rating and raised their price target for the company from $260.00 to $325.00 in a report on Wednesday, April 26th. Finally, Oppenheimer raised their price target on Microsoft from $310.00 to $330.00 and gave the company an “outperform” rating in a report on Wednesday, April 26th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirty-two have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $323.28.

Insiders Place Their Bets

In other news, CEO Satya Nadella sold 4,767 shares of the firm’s stock in a transaction that occurred on Tuesday, February 28th. The shares were sold at an average price of $248.88, for a total transaction of $1,186,410.96. Following the completion of the sale, the chief executive officer now owns 788,625 shares of the company’s stock, valued at $196,272,990. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other Microsoft news, CMO Christopher C. Capossela sold 5,000 shares of the business’s stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $316.87, for a total transaction of $1,584,350.00. Following the sale, the chief marketing officer now directly owns 89,328 shares of the company’s stock, valued at approximately $28,305,363.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Satya Nadella sold 4,767 shares of the business’s stock in a transaction dated Tuesday, February 28th. The stock was sold at an average price of $248.88, for a total transaction of $1,186,410.96. Following the transaction, the chief executive officer now owns 788,625 shares in the company, valued at $196,272,990. The disclosure for this sale can be found here. Insiders sold a total of 54,848 shares of company stock worth $16,635,227 over the last quarter. Company insiders own 0.03% of the company’s stock.

Microsoft Profile

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Microsoft Corp. engages in the development and support of software, services, devices, and solutions. It operates through the following business segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment consists of Office Commercial (Office 365 subscriptions, the Office 365 portion of Microsoft 365 Commercial subscriptions, and Office licensed on-premises), Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, Office Consumer, including Microsoft 365 Consumer subscriptions, Office licensed on-premises, and other Office services, LinkedIn, including Talent Solutions, Marketing Solutions, Premium Subscriptions, Sales Solutions, and Learning Solutions, Dynamics business solutions, including Dynamics 365, comprising a set of intelligent, cloud-based applications across ERP, CRM, Customer Insights, Power Apps, and Power Automate, and on-premises ERP and CRM applications.