Brighton Jones LLC Has $174.59 Million Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Brighton Jones LLC lifted its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 0.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 644,497 shares of the software giant’s stock after purchasing an additional 4,626 shares during the quarter. Microsoft comprises 9.0% of Brighton Jones LLC’s investment portfolio, making the stock its 2nd biggest holding. Brighton Jones LLC’s holdings in Microsoft were worth $174,594,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Danda Trouve Investment Management Inc. increased its stake in Microsoft by 63.8% during the 2nd quarter. Danda Trouve Investment Management Inc. now owns 131 shares of the software giant’s stock valued at $35,000 after purchasing an additional 51 shares in the last quarter. Litman Gregory Asset Management LLC grew its holdings in shares of Microsoft by 2,000.0% during the second quarter. Litman Gregory Asset Management LLC now owns 924 shares of the software giant’s stock valued at $92,000 after buying an additional 880 shares during the last quarter. Paradigm Strategies in Wealth Management LLC grew its holdings in shares of Microsoft by 24.7% during the second quarter. Paradigm Strategies in Wealth Management LLC now owns 353 shares of the software giant’s stock valued at $96,000 after buying an additional 70 shares during the last quarter. Strategic Point Investment Advisors LLC bought a new stake in shares of Microsoft during the second quarter worth about $109,000. Finally, Lake Point Wealth Management bought a new position in Microsoft in the 2nd quarter valued at about $162,000. Institutional investors own 69.17% of the company’s stock.

In other news, CEO Satya Nadella sold 75,573 shares of the firm’s stock in a transaction that occurred on Wednesday, September 1st. The shares were sold at an average price of $303.28, for a total value of $22,919,779.44. Following the transaction, the chief executive officer now owns 1,632,350 shares in the company, valued at $495,059,108. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Amy Hood sold 60,000 shares of the stock in a transaction on Wednesday, September 1st. The shares were sold at an average price of $303.08, for a total transaction of $18,184,800.00. The disclosure for this sale can be found here. Insiders have sold a total of 165,573 shares of company stock valued at $50,066,379 over the last 90 days. 0.05% of the stock is currently owned by company insiders.

Several research firms have recently issued reports on MSFT. Jefferies Financial Group upped their target price on shares of Microsoft from $335.00 to $345.00 and gave the stock a “buy” rating in a research note on Wednesday, September 8th. The Goldman Sachs Group set a $340.00 price objective on shares of Microsoft in a research note on Wednesday, July 28th. Morgan Stanley boosted their price objective on Microsoft from $305.00 to $331.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 14th. KGI Securities started coverage on Microsoft in a research note on Tuesday, June 1st. They issued an “outperform” rating and a $300.00 price objective for the company. Finally, Tigress Financial reiterated a “buy” rating and set a $366.00 target price (up from $303.00) on shares of Microsoft in a research note on Friday, September 17th. Two investment analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $324.84.

NASDAQ:MSFT opened at $299.35 on Friday. The company has a market capitalization of $2.25 trillion, a price-to-earnings ratio of 37.19, a PEG ratio of 3.10 and a beta of 0.78. The business has a 50 day moving average of $294.27 and a 200 day moving average of $267.72. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.08 and a quick ratio of 2.05. Microsoft Co. has a 1-year low of $199.62 and a 1-year high of $305.84.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Monday, July 26th. The software giant reported $2.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.92 by $0.25. Microsoft had a net margin of 36.45% and a return on equity of 45.76%. The firm had revenue of $46.15 billion during the quarter, compared to analyst estimates of $44.30 billion. During the same period in the previous year, the business posted $1.46 EPS. The business’s quarterly revenue was up 21.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Microsoft Co. will post 8.61 EPS for the current year.

Microsoft declared that its Board of Directors has approved a share repurchase plan on Tuesday, September 14th that allows the company to buyback $60.00 billion in shares. This buyback authorization allows the software giant to buy up to 2.7% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 9th. Stockholders of record on Thursday, November 18th will be paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date of this dividend is Wednesday, November 17th. This is a positive change from Microsoft’s previous quarterly dividend of $0.56. Microsoft’s payout ratio is 28.11%.

About Microsoft

Microsoft Corp. engages in the development and support of software, services, devices, and solutions. It operates through the following business segments: Productivity and Business Processes; Intelligent Cloud; and More Personal Computing. The Productivity and Business Processes segment comprises products and services in the portfolio of productivity, communication, and information services of the company spanning a variety of devices and platform.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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