Zweig DiMenna Associates LLC Boosts Stake in Microsoft Co. (NASDAQ:MSFT)

Zweig DiMenna Associates LLC increased its stake in Microsoft Co. (NASDAQ:MSFT) by 9.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 190,512 shares of the software giant’s stock after purchasing an additional 16,291 shares during the quarter. Microsoft makes up approximately 2.3% of Zweig DiMenna Associates LLC’s portfolio, making the stock its 9th biggest holding. Zweig DiMenna Associates LLC’s holdings in Microsoft were worth $26,487,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of MSFT. New England Private Wealth Advisors LLC grew its position in Microsoft by 0.7% in the second quarter. New England Private Wealth Advisors LLC now owns 10,520 shares of the software giant’s stock worth $1,408,000 after acquiring an additional 72 shares in the last quarter. Orgel Wealth Management LLC boosted its position in Microsoft by 1.2% during the second quarter. Orgel Wealth Management LLC now owns 6,492 shares of the software giant’s stock valued at $870,000 after buying an additional 74 shares during the period. Planning Directions Inc. boosted its position in Microsoft by 3.2% during the second quarter. Planning Directions Inc. now owns 2,418 shares of the software giant’s stock valued at $324,000 after buying an additional 74 shares during the period. Addison Capital Co boosted its position in Microsoft by 0.6% during the third quarter. Addison Capital Co now owns 13,332 shares of the software giant’s stock valued at $1,854,000 after buying an additional 74 shares during the period. Finally, Weybosset Research & Management LLC boosted its position in Microsoft by 2.1% during the second quarter. Weybosset Research & Management LLC now owns 3,625 shares of the software giant’s stock valued at $486,000 after buying an additional 75 shares during the period. 72.20% of the stock is currently owned by institutional investors.

In other Microsoft news, CMO Christopher C. Capossela sold 2,500 shares of Microsoft stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $142.89, for a total value of $357,225.00. Following the sale, the chief marketing officer now directly owns 133,944 shares in the company, valued at approximately $19,139,258.16. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CMO Christopher C. Capossela sold 7,000 shares of Microsoft stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $138.15, for a total transaction of $967,050.00. Following the completion of the sale, the chief marketing officer now owns 122,817 shares in the company, valued at $16,967,168.55. The disclosure for this sale can be found here. Insiders have sold a total of 339,804 shares of company stock worth $46,790,619 in the last quarter. Corporate insiders own 1.39% of the company’s stock.

Shares of MSFT traded up $0.15 on Monday, hitting $146.11. 14,362,073 shares of the stock traded hands, compared to its average volume of 25,256,336. Microsoft Co. has a one year low of $93.96 and a one year high of $146.42. The company has a debt-to-equity ratio of 0.69, a quick ratio of 2.81 and a current ratio of 2.85. The business has a 50 day simple moving average of $139.85 and a 200 day simple moving average of $135.04. The company has a market capitalization of $1,102.06 billion, a PE ratio of 30.76, a P/E/G ratio of 2.27 and a beta of 1.23.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Wednesday, October 23rd. The software giant reported $1.38 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.24 by $0.14. The business had revenue of $33.06 billion for the quarter, compared to analysts’ expectations of $32.24 billion. Microsoft had a net margin of 31.66% and a return on equity of 39.14%. The company’s revenue was up 13.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.14 EPS. On average, equities analysts expect that Microsoft Co. will post 5.35 earnings per share for the current year.

Microsoft announced that its board has authorized a share repurchase program on Wednesday, September 18th that allows the company to repurchase $40.00 billion in outstanding shares. This repurchase authorization allows the software giant to repurchase up to 3.8% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend is Wednesday, November 20th. This is a boost from Microsoft’s previous quarterly dividend of $0.46. Microsoft’s dividend payout ratio (DPR) is currently 38.74%.

Several analysts have issued reports on the stock. CIBC upped their price target on shares of Microsoft from $145.00 to $160.00 and gave the company an “outperform” rating in a research report on Friday, July 19th. Evercore ISI set a $160.00 price target on shares of Microsoft and gave the company a “buy” rating in a research report on Friday, October 18th. Zacks Investment Research upgraded shares of Microsoft from a “hold” rating to a “buy” rating and set a $147.00 price target for the company in a research report on Friday, October 25th. Wells Fargo & Co set a $160.00 price target on shares of Microsoft and gave the company a “buy” rating in a research report on Friday, July 19th. Finally, DZ Bank restated a “buy” rating on shares of Microsoft in a research report on Friday, July 19th. One equities research analyst has rated the stock with a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $159.45.

Microsoft 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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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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