Aviance Capital Management LLC grew its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 19.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,631 shares of the software giant’s stock after purchasing an additional 2,070 shares during the quarter. Aviance Capital Management LLC’s holdings in Microsoft were worth $1,246,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of the company. Summit Trail Advisors LLC boosted its position in shares of Microsoft by 5,931.9% during the first quarter. Summit Trail Advisors LLC now owns 4,562,204 shares of the software giant’s stock worth $4,562,000 after buying an additional 4,486,569 shares during the period. Polen Capital Management LLC boosted its position in shares of Microsoft by 52.3% during the first quarter. Polen Capital Management LLC now owns 11,012,266 shares of the software giant’s stock worth $1,005,090,000 after buying an additional 3,781,879 shares during the period. Cornerstone Wealth Management LLC boosted its position in shares of Microsoft by 10,330.4% during the second quarter. Cornerstone Wealth Management LLC now owns 3,661,393 shares of the software giant’s stock worth $36,609,000 after buying an additional 3,626,290 shares during the period. Massachusetts Financial Services Co. MA boosted its position in shares of Microsoft by 12.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 31,168,526 shares of the software giant’s stock worth $3,073,529,000 after buying an additional 3,328,581 shares during the period. Finally, Harvard Management Co. Inc. acquired a new position in shares of Microsoft during the first quarter worth approximately $168,611,000. 71.90% of the stock is owned by institutional investors.
In other news, insider Frank H. Brod sold 2,000 shares of the stock in a transaction on Monday, November 5th. The stock was sold at an average price of $107.18, for a total transaction of $214,360.00. Following the completion of the sale, the insider now owns 64,676 shares in the company, valued at approximately $6,931,973.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Christopher C. Capossela sold 4,000 shares of the stock in a transaction on Thursday, December 6th. The shares were sold at an average price of $108.00, for a total value of $432,000.00. Following the sale, the executive vice president now owns 173,931 shares of the company’s stock, valued at approximately $18,784,548. The disclosure for this sale can be found here. Insiders have sold a total of 299,255 shares of company stock valued at $32,229,279 in the last quarter. Insiders own 1.49% of the company’s stock.
Several brokerages have recently issued reports on MSFT. Macquarie set a $125.00 price objective on Microsoft and gave the stock a “buy” rating in a research report on Monday, November 19th. Credit Suisse Group set a $125.00 price objective on Microsoft and gave the stock a “buy” rating in a research report on Monday, November 19th. Citigroup boosted their price objective on Microsoft from $113.00 to $114.00 and gave the stock a “neutral” rating in a research report on Thursday, October 25th. Stifel Nicolaus reiterated a “buy” rating and set a $120.00 price objective on shares of Microsoft in a research report on Thursday, October 25th. Finally, Sanford C. Bernstein reiterated a “buy” rating and set a $137.00 price objective on shares of Microsoft in a research report on Thursday, October 25th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty-three have given a buy rating and two have issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $121.88.
MSFT opened at $104.82 on Friday. The company has a market capitalization of $835.58 billion, a price-to-earnings ratio of 27.02, a PEG ratio of 1.96 and a beta of 1.25. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.92 and a quick ratio of 2.85. Microsoft Co. has a 1-year low of $83.33 and a 1-year high of $116.18.
Microsoft (NASDAQ:MSFT) last released its earnings results on Wednesday, October 24th. The software giant reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.18. Microsoft had a return on equity of 39.86% and a net margin of 16.38%. The firm had revenue of $29.08 billion during the quarter, compared to the consensus estimate of $27.92 billion. During the same period in the prior year, the firm posted $0.84 earnings per share. The firm’s revenue for the quarter was up 18.5% compared to the same quarter last year. On average, analysts predict that Microsoft Co. will post 4.43 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 14th. Stockholders of record on Thursday, February 21st will be given a dividend of $0.46 per share. The ex-dividend date is Wednesday, February 20th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.76%. Microsoft’s dividend payout ratio (DPR) is presently 47.42%.
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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