Baltimore Washington Financial Advisors Inc. increased its position in shares of Microsoft Co. (NASDAQ:MSFT) by 1.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 158,791 shares of the software giant’s stock after acquiring an additional 2,908 shares during the period. Microsoft makes up about 2.7% of Baltimore Washington Financial Advisors Inc.’s holdings, making the stock its 4th biggest position. Baltimore Washington Financial Advisors Inc.’s holdings in Microsoft were worth $11,828,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Capital Research Global Investors increased its holdings in shares of Microsoft by 212.3% in the 2nd quarter. Capital Research Global Investors now owns 69,663,044 shares of the software giant’s stock worth $4,801,874,000 after buying an additional 47,353,245 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of Microsoft by 609.4% in the 2nd quarter. Janus Henderson Group PLC now owns 49,174,883 shares of the software giant’s stock worth $3,389,625,000 after buying an additional 42,243,011 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Microsoft by 4.6% in the 2nd quarter. Vanguard Group Inc. now owns 564,052,011 shares of the software giant’s stock worth $38,880,105,000 after buying an additional 25,053,413 shares during the last quarter. Tiger Global Management LLC increased its holdings in shares of Microsoft by 395.2% in the 2nd quarter. Tiger Global Management LLC now owns 10,487,500 shares of the software giant’s stock worth $722,903,000 after buying an additional 8,369,500 shares during the last quarter. Finally, Parametric Portfolio Associates LLC increased its holdings in shares of Microsoft by 32.5% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 19,139,433 shares of the software giant’s stock worth $1,319,271,000 after buying an additional 4,699,588 shares during the last quarter. 73.16% of the stock is currently owned by institutional investors and hedge funds.
Microsoft Co. (NASDAQ:MSFT) traded up $1.50 during trading hours on Friday, hitting $89.58. 24,270,000 shares of the stock traded hands, compared to its average volume of 23,290,000. Microsoft Co. has a 12-month low of $62.03 and a 12-month high of $89.78. The company has a debt-to-equity ratio of 0.91, a quick ratio of 3.06 and a current ratio of 3.12. The stock has a market cap of $691,070.00, a PE ratio of 30.26, a price-to-earnings-growth ratio of 2.05 and a beta of 0.99.
Microsoft (NASDAQ:MSFT) last posted its earnings results on Thursday, October 26th. The software giant reported $0.84 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.12. Microsoft had a net margin of 24.56% and a return on equity of 35.23%. The firm had revenue of $24.50 billion during the quarter, compared to analysts’ expectations of $23.57 billion. During the same period last year, the company posted $0.76 EPS. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. equities research analysts expect that Microsoft Co. will post 3.39 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, February 15th will be given a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $1.68 annualized dividend and a dividend yield of 1.88%. Microsoft’s dividend payout ratio is 56.76%.
A number of equities analysts have recently commented on the stock. Oppenheimer increased their price target on shares of Microsoft to $115.00 and gave the stock an “outperform” rating in a report on Tuesday. Zacks Investment Research lowered shares of Microsoft from a “buy” rating to a “hold” rating in a report on Tuesday. Barclays set a $95.00 target price on shares of Microsoft and gave the company an “overweight” rating in a report on Friday. Wells Fargo & Co reaffirmed an “outperform” rating and set a $100.00 target price (up previously from $90.00) on shares of Microsoft in a report on Friday. Finally, Piper Jaffray Companies reaffirmed a “buy” rating on shares of Microsoft in a report on Thursday, January 4th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and thirty-one have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $86.97.
In other news, insider Frank H. Brod sold 18,000 shares of the firm’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $83.15, for a total value of $1,496,700.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Frank H. Brod sold 15,000 shares of the stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $84.08, for a total transaction of $1,261,200.00. Following the completion of the transaction, the insider now owns 116,205 shares of the company’s stock, valued at $9,770,516.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 45,000 shares of company stock valued at $3,759,420. Corporate insiders own 1.49% of the company’s stock.
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Microsoft Company Profile
Microsoft Corporation is a technology company. The Company develops, licenses, and supports a range of software products, services and devices. The Company’s segments include Productivity and Business Processes, Intelligent Cloud and More Personal Computing. The Company’s products include operating systems; cross-device productivity applications; server applications; business solution applications; desktop and server management tools; software development tools; video games, and training and certification of computer system integrators and developers.
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