Professional Planning raised its holdings in Microsoft Co. (NASDAQ:MSFT) by 7.8% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,074 shares of the software giant’s stock after buying an additional 2,096 shares during the period. Microsoft comprises approximately 4.5% of Professional Planning’s investment portfolio, making the stock its 9th biggest holding. Professional Planning’s holdings in Microsoft were worth $2,867,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Live Your Vision LLC increased its stake in shares of Microsoft by 58.7% during the second quarter. Live Your Vision LLC now owns 1,376 shares of the software giant’s stock worth $140,000 after purchasing an additional 509 shares during the period. CX Institutional bought a new position in shares of Microsoft during the second quarter worth approximately $145,000. Spectrum Financial Alliance Ltd LLC bought a new position in shares of Microsoft during the first quarter worth approximately $147,000. Ballew Advisors Inc bought a new position in shares of Microsoft during the first quarter worth approximately $164,000. Finally, Lara May & Associates LLC bought a new position in shares of Microsoft during the first quarter worth approximately $199,000. Hedge funds and other institutional investors own 71.80% of the company’s stock.
A number of equities analysts have recently weighed in on the company. Credit Suisse Group reiterated a “buy” rating and set a $125.00 target price on shares of Microsoft in a research note on Monday, September 10th. Macquarie upgraded Microsoft from a “neutral” rating to an “outperform” rating in a research note on Friday. Nomura set a $118.00 target price on Microsoft and gave the stock a “buy” rating in a research note on Friday, July 20th. Atlantic Securities upgraded Microsoft from a “neutral” rating to an “overweight” rating in a research note on Monday, June 25th. Finally, Wells Fargo & Co set a $120.00 target price on Microsoft and gave the stock a “buy” rating in a research note on Friday, July 20th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty-one have issued a buy rating and two have assigned a strong buy rating to the company. Microsoft currently has an average rating of “Buy” and an average target price of $120.08.
In other Microsoft news, EVP Margaret L. Johnson sold 47,000 shares of the firm’s stock in a transaction on Thursday, August 2nd. The stock was sold at an average price of $107.67, for a total value of $5,060,490.00. Following the sale, the executive vice president now owns 109,687 shares of the company’s stock, valued at approximately $11,809,999.29. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Satya Nadella sold 328,000 shares of the firm’s stock in a transaction on Friday, August 10th. The shares were sold at an average price of $109.44, for a total value of $35,896,320.00. Following the completion of the sale, the chief executive officer now directly owns 778,596 shares in the company, valued at approximately $85,209,546.24. The disclosure for this sale can be found here. In the last ninety days, insiders sold 650,042 shares of company stock worth $71,264,850. Company insiders own 1.49% of the company’s stock.
Shares of MSFT stock opened at $109.57 on Friday. The firm has a market capitalization of $880.63 billion, a price-to-earnings ratio of 28.24, a price-to-earnings-growth ratio of 2.19 and a beta of 1.28. Microsoft Co. has a fifty-two week low of $77.25 and a fifty-two week high of $116.18. The company has a debt-to-equity ratio of 0.94, a quick ratio of 2.86 and a current ratio of 2.90.
Microsoft (NASDAQ:MSFT) last issued its earnings results on Thursday, July 19th. The software giant reported $1.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.05. The firm had revenue of $30.09 billion for the quarter, compared to the consensus estimate of $29.23 billion. Microsoft had a return on equity of 36.69% and a net margin of 15.02%. The company’s revenue was up 17.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.75 EPS. On average, analysts forecast that Microsoft Co. will post 4.25 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 13th. Shareholders of record on Thursday, November 15th will be issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date is Wednesday, November 14th. This is an increase from Microsoft’s previous quarterly dividend of $0.42. Microsoft’s dividend payout ratio (DPR) is currently 43.30%.
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its company's Productivity and Business Processes segment offers Office 365 commercial products and services for businesses, such as Office, Exchange, SharePoint, Skype for Business, Microsoft Teams, and related Client Access Licenses (CALs); Office 365 consumer services, including Skype, Outlook.com, and OneDrive; LinkedIn online professional network; and Dynamics business solutions comprising financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and medium businesses, large organizations, and divisions of enterprises.
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