Keystone Wealth Partners lifted its stake in Microsoft Co. (NASDAQ:MSFT) by 26.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,208 shares of the software giant’s stock after buying an additional 674 shares during the period. Microsoft makes up approximately 0.5% of Keystone Wealth Partners’ investment portfolio, making the stock its 17th biggest position. Keystone Wealth Partners’ holdings in Microsoft were worth $905,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of MSFT. OLD Mission Capital LLC acquired a new stake in Microsoft during the 3rd quarter worth about $1,254,000. Ironwood Wealth Management LLC. boosted its position in shares of Microsoft by 0.4% during the 2nd quarter. Ironwood Wealth Management LLC. now owns 11,696 shares of the software giant’s stock worth $3,169,000 after purchasing an additional 42 shares in the last quarter. Meitav Dash Investments Ltd. boosted its position in shares of Microsoft by 6.1% during the 2nd quarter. Meitav Dash Investments Ltd. now owns 346,695 shares of the software giant’s stock worth $93,914,000 after purchasing an additional 19,983 shares in the last quarter. Magnus Financial Group LLC boosted its position in shares of Microsoft by 3.1% during the 2nd quarter. Magnus Financial Group LLC now owns 14,314 shares of the software giant’s stock worth $3,878,000 after purchasing an additional 435 shares in the last quarter. Finally, Mutual of America Capital Management LLC boosted its position in shares of Microsoft by 0.8% during the 2nd quarter. Mutual of America Capital Management LLC now owns 1,017,154 shares of the software giant’s stock worth $275,547,000 after purchasing an additional 8,401 shares in the last quarter. Institutional investors and hedge funds own 69.05% of the company’s stock.
In other Microsoft news, EVP Judson Althoff sold 54,757 shares of the firm’s stock in a transaction on Tuesday, November 2nd. The shares were sold at an average price of $332.28, for a total value of $18,194,655.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Bradford L. Smith sold 55,000 shares of the firm’s stock in a transaction on Monday, November 1st. The shares were sold at an average price of $328.60, for a total transaction of $18,073,000.00. The disclosure for this sale can be found here. Insiders sold a total of 530,699 shares of company stock valued at $181,312,457 over the last quarter. 0.05% of the stock is owned by company insiders.
Microsoft stock opened at $314.27 on Tuesday. Microsoft Co. has a 1-year low of $212.03 and a 1-year high of $349.67. The firm has a market capitalization of $2.36 trillion, a price-to-earnings ratio of 35.15, a P/E/G ratio of 2.85 and a beta of 0.86. The company has a current ratio of 2.16, a quick ratio of 2.12 and a debt-to-equity ratio of 0.33. The firm has a 50 day simple moving average of $333.11 and a 200 day simple moving average of $306.85.
Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Monday, October 25th. The software giant reported $2.27 earnings per share for the quarter, beating analysts’ consensus estimates of $2.08 by $0.19. Microsoft had a net margin of 38.51% and a return on equity of 45.80%. The business had revenue of $45.32 billion during the quarter, compared to analyst estimates of $44 billion. During the same period in the previous year, the business earned $1.82 EPS. Microsoft’s revenue was up 22.0% compared to the same quarter last year. On average, equities research analysts forecast that Microsoft Co. will post 9.13 EPS for the current year.
Microsoft announced that its board has initiated a share repurchase program on Tuesday, September 14th that authorizes the company to buyback $60.00 billion in shares. This buyback authorization authorizes the software giant to purchase up to 2.7% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 10th. Investors of record on Thursday, February 17th will be paid a $0.62 dividend. The ex-dividend date is Wednesday, February 16th. This represents a $2.48 dividend on an annualized basis and a yield of 0.79%. Microsoft’s dividend payout ratio is 27.74%.
A number of equities analysts have recently issued reports on MSFT shares. Fundamental Research increased their price objective on shares of Microsoft from $281.78 to $299.93 and gave the stock a “hold” rating in a research report on Monday, November 22nd. UBS Group started coverage on shares of Microsoft in a research report on Tuesday, December 21st. They set an “outperform” rating on the stock. Barclays increased their price objective on shares of Microsoft from $345.00 to $363.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 27th. Citigroup raised their price target on shares of Microsoft from $384.00 to $407.00 and gave the company a “buy” rating in a research report on Wednesday, October 27th. Finally, Morgan Stanley raised their price target on shares of Microsoft from $331.00 to $364.00 and gave the company an “overweight” rating in a research report on Wednesday, October 27th. One research analyst has rated the stock with a hold rating, thirty-three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Microsoft currently has a consensus rating of “Buy” and an average target price of $350.34.
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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