Ellenbecker Investment Group Increases Stock Position in Microsoft Co. (NASDAQ:MSFT)


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Ellenbecker Investment Group grew its position in Microsoft Co. (NASDAQ:MSFT) by 9.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,333 shares of the software giant’s stock after purchasing an additional 737 shares during the period. Microsoft comprises about 0.7% of Ellenbecker Investment Group’s portfolio, making the stock its 18th largest position. Ellenbecker Investment Group’s holdings in Microsoft were worth $1,854,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Tatro Capital LLC boosted its position in shares of Microsoft by 3.3% in the third quarter. Tatro Capital LLC now owns 1,413 shares of the software giant’s stock valued at $297,000 after acquiring an additional 45 shares during the period. Pettinga Financial Advisors LLC boosted its position in shares of Microsoft by 0.9% in the third quarter. Pettinga Financial Advisors LLC now owns 5,132 shares of the software giant’s stock valued at $1,079,000 after acquiring an additional 48 shares during the period. Greylin Investment Mangement Inc. boosted its position in shares of Microsoft by 3.2% in the second quarter. Greylin Investment Mangement Inc. now owns 1,625 shares of the software giant’s stock valued at $331,000 after acquiring an additional 50 shares during the period. Hunter Perkins Capital Management LLC boosted its position in shares of Microsoft by 1.9% in the third quarter. Hunter Perkins Capital Management LLC now owns 2,690 shares of the software giant’s stock valued at $566,000 after acquiring an additional 50 shares during the period. Finally, Northwest Wealth Management LLC boosted its position in shares of Microsoft by 1.2% in the third quarter. Northwest Wealth Management LLC now owns 4,154 shares of the software giant’s stock valued at $874,000 after acquiring an additional 50 shares during the period. Institutional investors own 63.89% of the company’s stock.

Shares of NASDAQ MSFT opened at $216.34 on Thursday. The company has a quick ratio of 2.49, a current ratio of 2.53 and a debt-to-equity ratio of 0.46. Microsoft Co. has a 52 week low of $132.52 and a 52 week high of $232.86. The firm’s fifty day moving average is $217.71 and its 200 day moving average is $212.60. The company has a market cap of $1.64 trillion, a price-to-earnings ratio of 34.95, a PEG ratio of 2.54 and a beta of 0.82.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Tuesday, October 27th. The software giant reported $1.82 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.53 by $0.29. The business had revenue of $37.15 billion for the quarter, compared to the consensus estimate of $35.67 billion. Microsoft had a net margin of 32.28% and a return on equity of 40.74%. Equities research analysts anticipate that Microsoft Co. will post 6.73 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 11th. Shareholders of record on Thursday, February 18th will be given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date of this dividend is Wednesday, February 17th. Microsoft’s payout ratio is currently 38.89%.

A number of equities analysts have recently commented on the stock. Royal Bank of Canada raised their price objective on shares of Microsoft from $230.00 to $250.00 and gave the company an “outperform” rating in a research report on Tuesday, October 13th. Summit Insights lowered shares of Microsoft from a “buy” rating to a “hold” rating in a research report on Tuesday, September 29th. KeyCorp started coverage on shares of Microsoft in a research report on Monday, November 23rd. They set an “overweight” rating and a $250.00 target price for the company. Sanford C. Bernstein set a $245.00 target price on shares of Microsoft and gave the company a “buy” rating in a research report on Tuesday, December 1st. Finally, Bank of America reiterated a “buy” rating and set a $256.00 target price on shares of Microsoft in a research report on Wednesday, December 16th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty-two have issued a buy rating and two have issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $236.71.

In other Microsoft news, EVP Kathleen T. Hogan sold 30,000 shares of the company’s stock in a transaction dated Wednesday, December 9th. The shares were sold at an average price of $212.43, for a total transaction of $6,372,900.00. Following the transaction, the executive vice president now owns 189,064 shares in the company, valued at approximately $40,162,865.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Bradford L. Smith sold 200,000 shares of the company’s stock in a transaction dated Thursday, November 5th. The shares were sold at an average price of $222.58, for a total transaction of $44,516,000.00. Following the transaction, the president now owns 778,439 shares in the company, valued at approximately $173,264,952.62. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 334,500 shares of company stock worth $74,142,240. Company insiders own 0.05% of the company’s stock.

Microsoft Company Profile

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, as well as related Client Access Licenses (CAL); Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for small and medium businesses, large organizations, and divisions of enterprises.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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