W.G. Shaheen & Associates DBA Whitney & Co lifted its position in shares of Microsoft Co. (NASDAQ:MSFT) by 2.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 108,355 shares of the software giant’s stock after acquiring an additional 2,440 shares during the period. Microsoft comprises approximately 4.5% of W.G. Shaheen & Associates DBA Whitney & Co’s holdings, making the stock its 4th largest holding. W.G. Shaheen & Associates DBA Whitney & Co’s holdings in Microsoft were worth $22,051,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Virtus ETF Advisers LLC increased its position in Microsoft by 230.5% in the second quarter. Virtus ETF Advisers LLC now owns 195 shares of the software giant’s stock worth $40,000 after buying an additional 136 shares during the period. Selective Wealth Management Inc. increased its position in Microsoft by 26.9% in the second quarter. Selective Wealth Management Inc. now owns 236 shares of the software giant’s stock worth $48,000 after buying an additional 50 shares during the period. Virtus Alternative Investment Advisers Inc. acquired a new stake in Microsoft in the second quarter worth $48,000. Sofos Investments Inc. grew its stake in shares of Microsoft by 15.5% in the first quarter. Sofos Investments Inc. now owns 2,552 shares of the software giant’s stock worth $81,000 after purchasing an additional 343 shares in the last quarter. Finally, Cypress Capital Management LLC WY grew its stake in shares of Microsoft by 14.3% in the first quarter. Cypress Capital Management LLC WY now owns 761 shares of the software giant’s stock worth $120,000 after purchasing an additional 95 shares in the last quarter. 69.93% of the stock is currently owned by institutional investors and hedge funds.
Shares of NASDAQ MSFT opened at $208.78 on Wednesday. The firm has a market cap of $1,579.97 billion, a price-to-earnings ratio of 36.31, a P/E/G ratio of 2.33 and a beta of 0.89. The business’s 50-day simple moving average is $212.36 and its 200-day simple moving average is $187.59. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.49 and a current ratio of 2.52. Microsoft Co. has a 52 week low of $132.52 and a 52 week high of $232.86.
Microsoft (NASDAQ:MSFT) last released its earnings results on Wednesday, July 22nd. The software giant reported $1.46 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.34 by $0.12. The firm had revenue of $38.03 billion for the quarter, compared to analyst estimates of $36.59 billion. Microsoft had a return on equity of 39.45% and a net margin of 30.96%. As a group, equities research analysts forecast that Microsoft Co. will post 6.39 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Thursday, November 19th will be issued a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend is Wednesday, November 18th. This is a positive change from Microsoft’s previous quarterly dividend of $0.51. Microsoft’s dividend payout ratio (DPR) is presently 35.42%.
Several research analysts have recently issued reports on the company. Sanford C. Bernstein reissued a “buy” rating and issued a $233.00 price target on shares of Microsoft in a research note on Thursday, July 23rd. Goldman Sachs Group set a $215.00 price target on Microsoft and gave the stock a “buy” rating in a research note on Monday, July 20th. BMO Capital Markets raised their target price on Microsoft from $212.00 to $235.00 and gave the company an “outperform” rating in a research note on Wednesday, July 15th. They noted that the move was a valuation call. Piper Sandler raised their target price on Microsoft from $192.00 to $218.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Finally, Oppenheimer initiated coverage on Microsoft in a research note on Monday, August 3rd. They set a “hold” rating for the company. Four analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $216.72.
In other news, EVP Jean Philippe Courtois sold 15,014 shares of Microsoft stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $213.59, for a total transaction of $3,206,840.26. Following the sale, the executive vice president now owns 545,484 shares of the company’s stock, valued at approximately $116,509,927.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CMO Christopher C. Capossela sold 23,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $210.70, for a total value of $4,846,100.00. Following the transaction, the chief marketing officer now owns 122,943 shares of the company’s stock, valued at approximately $25,904,090.10. The disclosure for this sale can be found here. Insiders have sold a total of 164,067 shares of company stock worth $35,247,737 in the last three months. 1.39% of the stock is owned by insiders.
Microsoft Company Profile
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, 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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