Norman Fields Gottscho Capital Management LLC lifted its stake in Microsoft Co. (NASDAQ:MSFT) by 3.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,100 shares of the software giant’s stock after buying an additional 100 shares during the period. Norman Fields Gottscho Capital Management LLC’s holdings in Microsoft were worth $431,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. LFA Lugano Financial Advisors SA lifted its stake in Microsoft by 274.5% during the second quarter. LFA Lugano Financial Advisors SA now owns 191 shares of the software giant’s stock worth $26,000 after purchasing an additional 140 shares during the period. Krane Funds Advisors LLC bought a new position in Microsoft during the second quarter worth about $26,000. AlphaOne Investment Services LLC bought a new position in Microsoft during the second quarter worth about $51,000. University of Texas Texas AM Investment Managment Co. lifted its stake in Microsoft by 48.9% during the second quarter. University of Texas Texas AM Investment Managment Co. now owns 521 shares of the software giant’s stock worth $70,000 after purchasing an additional 171 shares during the period. Finally, Gavea Investimentos Ltda bought a new position in Microsoft during the second quarter worth about $70,000. Institutional investors and hedge funds own 72.16% of the company’s stock.
Shares of Microsoft stock opened at $139.68 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.53 and a quick ratio of 2.50. The firm has a market cap of $1,066.51 billion, a P/E ratio of 29.41, a P/E/G ratio of 2.22 and a beta of 1.22. The firm has a 50 day simple moving average of $137.45 and a 200 day simple moving average of $132.03. Microsoft Co. has a fifty-two week low of $93.96 and a fifty-two week high of $142.37.
Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Thursday, July 18th. The software giant reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.16. The business had revenue of $33.72 billion during the quarter, compared to analyst estimates of $32.80 billion. Microsoft had a net margin of 31.18% and a return on equity of 39.26%. Microsoft’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.13 earnings per share. On average, sell-side analysts expect that Microsoft Co. will post 5.24 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be issued a $0.51 dividend. The ex-dividend date is Wednesday, November 20th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.46%. This is a positive change from Microsoft’s previous quarterly dividend of $0.46. Microsoft’s dividend payout ratio (DPR) is currently 38.74%.
Microsoft announced that its Board of Directors has authorized a share repurchase plan on Wednesday, September 18th that authorizes the company to repurchase $40.00 billion in shares. This repurchase authorization authorizes the software giant to buy up to 3.8% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.
Several analysts have recently weighed in on the stock. Jefferies Financial Group raised shares of Microsoft from a “hold” rating to a “buy” rating and set a $160.00 price objective for the company in a report on Monday, October 7th. Oppenheimer raised their price objective on shares of Microsoft from $145.00 to $160.00 and gave the stock an “outperform” rating in a report on Friday, July 19th. Macquarie raised their price objective on shares of Microsoft from $150.00 to $160.00 and gave the stock an “outperform” rating in a report on Friday, July 19th. Citigroup raised their price objective on shares of Microsoft from $147.00 to $152.00 and gave the stock a “neutral” rating in a report on Friday, July 19th. Finally, UBS Group set a $162.00 price objective on shares of Microsoft and gave the stock a “buy” rating in a report on Friday, July 19th. Three analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the company. Microsoft currently has an average rating of “Buy” and an average target price of $151.52.
In related news, CFO Amy Hood sold 123,769 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $137.26, for a total value of $16,988,532.94. Following the completion of the sale, the chief financial officer now owns 433,940 shares of the company’s stock, valued at $59,562,604.40. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Satya Nadella sold 99,837 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $137.20, for a total transaction of $13,697,636.40. Following the completion of the sale, the chief executive officer now directly owns 1,124,339 shares of the company’s stock, valued at approximately $154,259,310.80. The disclosure for this sale can be found here. In the last three months, insiders sold 318,757 shares of company stock valued at $43,735,918. 1.38% of the stock is currently owned by company insiders.
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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