Strategic Wealth Designers Raises Stake in Microsoft Co. (NASDAQ:MSFT)
Strategic Wealth Designers raised its position in shares of Microsoft Co. (NASDAQ:MSFT) by 12.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,857 shares of the software giant’s stock after purchasing an additional 898 shares during the quarter. Microsoft accounts for about 1.2% of Strategic Wealth Designers’ investment portfolio, making the stock its 20th largest position. Strategic Wealth Designers’ holdings in Microsoft were worth $1,653,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. PrairieView Partners LLC lifted its holdings in shares of Microsoft by 20.4% in the third quarter. PrairieView Partners LLC now owns 2,968 shares of the software giant’s stock worth $624,000 after buying an additional 503 shares in the last quarter. Citizens National Bank Trust Department raised its stake in Microsoft by 2.7% during the second quarter. Citizens National Bank Trust Department now owns 32,332 shares of the software giant’s stock valued at $6,580,000 after purchasing an additional 853 shares in the last quarter. Dowling & Yahnke LLC raised its stake in Microsoft by 2.8% during the third quarter. Dowling & Yahnke LLC now owns 148,967 shares of the software giant’s stock valued at $31,332,000 after purchasing an additional 4,020 shares in the last quarter. BCS Wealth Management raised its stake in Microsoft by 24.4% during the third quarter. BCS Wealth Management now owns 5,587 shares of the software giant’s stock valued at $1,175,000 after purchasing an additional 1,096 shares in the last quarter. Finally, Affinity Wealth Management LLC raised its stake in Microsoft by 3.3% during the second quarter. Affinity Wealth Management LLC now owns 29,315 shares of the software giant’s stock valued at $6,010,000 after purchasing an additional 938 shares in the last quarter. 69.93% of the stock is currently owned by institutional investors and hedge funds.
MSFT has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft upped their price target on shares of Microsoft from $245.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, October 29th. BidaskClub upgraded shares of Microsoft from a “sell” rating to a “hold” rating in a research report on Tuesday, September 29th. Piper Sandler boosted their price objective on shares of Microsoft from $218.00 to $245.00 and gave the company an “overweight” rating in a research report on Wednesday, October 28th. The Goldman Sachs Group reiterated a “buy” rating and set a $255.00 price objective (up previously from $235.00) on shares of Microsoft in a research report on Wednesday, October 28th. Finally, Barclays reiterated a “buy” rating and set a $250.00 price objective on shares of Microsoft in a research report on Wednesday, October 28th. Three research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and two have assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $230.46.
Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Tuesday, October 27th. The software giant reported $1.82 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.53 by $0.29. Microsoft had a net margin of 32.28% and a return on equity of 40.74%. As a group, equities analysts predict that Microsoft Co. will post 6.74 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Thursday, November 19th will be given a $0.56 dividend. This is a positive change from Microsoft’s previous quarterly dividend of $0.51. This represents a $2.24 annualized dividend and a dividend yield of 1.06%. The ex-dividend date of this dividend is Wednesday, November 18th. Microsoft’s dividend payout ratio (DPR) is presently 38.89%.
In related news, EVP Jean Philippe Courtois sold 15,014 shares of the stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $213.59, for a total value of $3,206,840.26. Following the completion of the transaction, the executive vice president now directly owns 545,484 shares of the company’s stock, valued at approximately $116,509,927.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Satya Nadella sold 104,500 shares of the stock in a transaction that occurred on Thursday, November 5th. The shares were sold at an average price of $222.52, for a total transaction of $23,253,340.00. Following the completion of the transaction, the chief executive officer now directly owns 1,392,573 shares of the company’s stock, valued at $309,875,343.96. The disclosure for this sale can be found here. Insiders sold a total of 422,556 shares of company stock valued at $93,282,154 over the last ninety days. 0.05% of the stock is currently owned by insiders.
Microsoft Company Profile
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, as well as related Client Access Licenses (CAL); Skype, Outlook.com, and OneDrive; LinkedIn that includes Talent, Learning, Sales, and Marketing solutions, as well as premium subscriptions; and Dynamics 365, a set of cloud-based and on-premises business solutions for small and medium businesses, large organizations, and divisions of enterprises.
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