PFG Advisors raised its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 1,238.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,436 shares of the software giant’s stock after purchasing an additional 26,312 shares during the quarter. Microsoft accounts for approximately 1.1% of PFG Advisors’ investment portfolio, making the stock its 18th largest holding. PFG Advisors’ holdings in Microsoft were worth $2,965,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc increased its stake in shares of Microsoft by 1.6% during the third quarter. Vanguard Group Inc now owns 577,877,949 shares of the software giant’s stock valued at $66,091,902,000 after buying an additional 8,820,439 shares during the period. Morgan Stanley increased its stake in shares of Microsoft by 4.8% during the third quarter. Morgan Stanley now owns 60,865,803 shares of the software giant’s stock valued at $6,961,221,000 after buying an additional 2,796,779 shares during the period. Legal & General Group Plc increased its stake in shares of Microsoft by 1.1% during the third quarter. Legal & General Group Plc now owns 33,422,395 shares of the software giant’s stock valued at $3,822,534,000 after buying an additional 355,063 shares during the period. Clearbridge Investments LLC increased its stake in shares of Microsoft by 0.3% during the third quarter. Clearbridge Investments LLC now owns 24,014,135 shares of the software giant’s stock valued at $2,746,497,000 after buying an additional 68,852 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its stake in Microsoft by 2.5% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 23,889,840 shares of the software giant’s stock valued at $2,732,281,000 after purchasing an additional 592,064 shares during the last quarter. Institutional investors and hedge funds own 72.89% of the company’s stock.
Shares of NASDAQ MSFT opened at $123.37 on Monday. The company has a debt-to-equity ratio of 0.82, a current ratio of 3.12 and a quick ratio of 3.08. The stock has a market capitalization of $949.92 billion, a price-to-earnings ratio of 31.80, a price-to-earnings-growth ratio of 2.26 and a beta of 1.22. Microsoft Co. has a fifty-two week low of $90.28 and a fifty-two week high of $123.52.
Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Wednesday, January 30th. The software giant reported $1.10 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.01. The business had revenue of $32.47 billion during the quarter, compared to the consensus estimate of $32.53 billion. Microsoft had a return on equity of 39.52% and a net margin of 28.31%. The company’s quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter last year, the company earned $0.96 earnings per share. On average, equities analysts anticipate that Microsoft Co. will post 4.42 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Wednesday, May 15th will be issued a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 1.49%. The ex-dividend date is Wednesday, May 15th. Microsoft’s dividend payout ratio is presently 47.42%.
In related news, CEO Satya Nadella sold 267,466 shares of Microsoft stock in a transaction dated Wednesday, February 6th. The stock was sold at an average price of $106.01, for a total transaction of $28,354,070.66. Following the completion of the sale, the chief executive officer now owns 1,746,854 shares of the company’s stock, valued at $185,183,992.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Christopher C. Capossela sold 10,500 shares of Microsoft stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $111.48, for a total value of $1,170,540.00. Following the sale, the executive vice president now directly owns 156,866 shares of the company’s stock, valued at approximately $17,487,421.68. The disclosure for this sale can be found here. In the last three months, insiders sold 333,667 shares of company stock valued at $35,657,016. Corporate insiders own 1.38% of the company’s stock.
Several equities analysts have issued reports on the company. Credit Suisse Group reiterated a “buy” rating and issued a $125.00 target price on shares of Microsoft in a research note on Friday, March 22nd. KeyCorp reiterated a “buy” rating and issued a $141.00 target price (up previously from $125.00) on shares of Microsoft in a research note on Wednesday, April 17th. Wedbush reiterated an “outperform” rating and issued a $150.00 target price (up previously from $140.00) on shares of Microsoft in a research note on Thursday. Goldman Sachs Group reiterated a “buy” rating and issued a $131.00 target price on shares of Microsoft in a research note on Thursday. Finally, Zacks Investment Research upgraded Microsoft from a “hold” rating to a “buy” rating and set a $118.00 target price on the stock in a research note on Thursday, January 24th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, thirty have given a buy rating and two have issued a strong buy rating to the stock. Microsoft has a consensus rating of “Buy” and a consensus target price of $125.00.
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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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