Naples Global Advisors LLC raised its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 3.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 67,286 shares of the software giant’s stock after purchasing an additional 1,977 shares during the quarter. Microsoft comprises 1.7% of Naples Global Advisors LLC’s holdings, making the stock its 6th biggest position. Naples Global Advisors LLC’s holdings in Microsoft were worth $5,756,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also added to or reduced their stakes in MSFT. Acrospire Investment Management LLC increased its stake in shares of Microsoft by 300.0% in the second quarter. Acrospire Investment Management LLC now owns 1,600 shares of the software giant’s stock worth $110,000 after acquiring an additional 1,200 shares during the period. Stelac Advisory Services LLC increased its stake in shares of Microsoft by 23.5% in the second quarter. Stelac Advisory Services LLC now owns 2,033 shares of the software giant’s stock worth $140,000 after acquiring an additional 387 shares during the period. Pacific Center for Financial Services increased its stake in shares of Microsoft by 3.0% in the second quarter. Pacific Center for Financial Services now owns 2,572 shares of the software giant’s stock worth $177,000 after acquiring an additional 75 shares during the period. AlphaMark Advisors LLC increased its stake in shares of Microsoft by 1.1% in the second quarter. AlphaMark Advisors LLC now owns 2,677 shares of the software giant’s stock worth $185,000 after acquiring an additional 30 shares during the period. Finally, Family Capital Trust Co acquired a new stake in shares of Microsoft in the fourth quarter worth $188,000. Hedge funds and other institutional investors own 73.85% of the company’s stock.
In other news, EVP Christopher C. Capossela sold 3,500 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $93.00, for a total value of $325,500.00. Following the transaction, the executive vice president now directly owns 171,278 shares of the company’s stock, valued at $15,928,854. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CMO Christopher C. Capossela sold 3,000 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $93.30, for a total transaction of $279,900.00. Following the completion of the transaction, the chief marketing officer now directly owns 178,278 shares in the company, valued at $16,633,337.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 10,000 shares of company stock worth $930,900. Insiders own 1.49% of the company’s stock.
A number of analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Microsoft from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. Vetr upgraded shares of Microsoft from a “buy” rating to a “strong-buy” rating and set a $104.63 price target on the stock in a research report on Tuesday, April 3rd. UBS set a $110.00 price target on shares of Microsoft and gave the company a “buy” rating in a research report on Thursday, February 1st. Deutsche Bank restated a “buy” rating and set a $115.00 price target on shares of Microsoft in a research report on Thursday, February 1st. Finally, Atlantic Securities set a $97.00 price target on shares of Microsoft and gave the company a “neutral” rating in a research report on Thursday, February 1st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $100.14.
NASDAQ:MSFT opened at $90.23 on Friday. The company has a current ratio of 2.89, a quick ratio of 2.85 and a debt-to-equity ratio of 1.01. The stock has a market capitalization of $711,306.88, a PE ratio of 27.26, a price-to-earnings-growth ratio of 2.14 and a beta of 1.07. Microsoft Co. has a twelve month low of $64.85 and a twelve month high of $97.24.
Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Wednesday, January 31st. The software giant reported $0.96 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.09. The firm had revenue of $28.92 billion for the quarter, compared to the consensus estimate of $28.42 billion. Microsoft had a net margin of 11.72% and a return on equity of 35.41%. The company’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same period last year, the firm posted $0.83 earnings per share. research analysts anticipate that Microsoft Co. will post 3.63 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 14th. Stockholders of record on Thursday, May 17th will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 1.86%. The ex-dividend date is Wednesday, May 16th. Microsoft’s dividend payout ratio is currently 50.76%.
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Microsoft Company Profile
Microsoft Corporation develops, licenses, and supports software products, services, and devices worldwide. The company's Productivity and Business Processes segment offers Office 365 commercial products and services for businesses, including Office, Exchange, SharePoint, Skype for Business, and related Client Access Licenses (CALs); Office 365 consumer services, such as Skype, Outlook.com, and OneDrive; Dynamics business solutions, such as financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and mid-size businesses, large organizations, and divisions of enterprises; and LinkedIn online professional network.
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