Steward Partners Investment Advisory LLC Takes $13.26 Million Position in Microsoft Co. (MSFT)

Steward Partners Investment Advisory LLC bought a new position in shares of Microsoft Co. (NASDAQ:MSFT) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 177,951 shares of the software giant’s stock, valued at approximately $13,255,000. Microsoft makes up 1.3% of Steward Partners Investment Advisory LLC’s investment portfolio, making the stock its 10th largest position.

Several other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Microsoft by 4.6% during the second quarter. Vanguard Group Inc. now owns 564,052,011 shares of the software giant’s stock worth $38,880,105,000 after purchasing an additional 25,053,413 shares in the last quarter. Capital Research Global Investors lifted its position in shares of Microsoft by 212.3% during the second quarter. Capital Research Global Investors now owns 69,663,044 shares of the software giant’s stock worth $4,801,874,000 after purchasing an additional 47,353,245 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of Microsoft by 609.4% during the second quarter. Janus Henderson Group PLC now owns 49,174,883 shares of the software giant’s stock worth $3,389,625,000 after purchasing an additional 42,243,011 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Microsoft by 2.1% during the third quarter. Legal & General Group Plc now owns 38,463,571 shares of the software giant’s stock worth $2,864,881,000 after purchasing an additional 774,549 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its position in shares of Microsoft by 2.5% during the third quarter. Schwab Charles Investment Management Inc. now owns 30,375,635 shares of the software giant’s stock worth $2,262,682,000 after purchasing an additional 753,152 shares in the last quarter. Institutional investors own 73.85% of the company’s stock.

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Several equities analysts recently weighed in on the stock. JPMorgan Chase set a $94.00 price objective on shares of Microsoft and gave the company a “neutral” rating in a report on Thursday, February 1st. Royal Bank of Canada set a $105.00 price objective on shares of Microsoft and gave the company a “buy” rating in a report on Thursday, February 1st. Atlantic Securities set a $97.00 price objective on shares of Microsoft and gave the company a “neutral” rating in a report on Thursday, February 1st. Vetr lowered shares of Microsoft from a “buy” rating to a “hold” rating and set a $95.65 price objective on the stock. in a report on Tuesday, March 6th. Finally, Zacks Investment Research lowered shares of Microsoft from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $100.14.

In other news, CMO Christopher C. Capossela sold 3,000 shares of the stock in a transaction on Friday, February 16th. The shares were sold at an average price of $93.30, for a total transaction of $279,900.00. Following the completion of the sale, the chief marketing officer now owns 178,278 shares of the company’s stock, valued at $16,633,337.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Christopher C. Capossela sold 3,500 shares of the firm’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $93.00, for a total transaction of $325,500.00. Following the completion of the transaction, the executive vice president now directly owns 171,278 shares of the company’s stock, valued at approximately $15,928,854. The disclosure for this sale can be found here. Insiders have sold 10,000 shares of company stock valued at $930,900 in the last three months. 1.49% of the stock is owned by insiders.

Shares of MSFT stock traded down $2.15 during trading hours on Friday, hitting $90.23. 38,026,000 shares of the company were exchanged, compared to its average volume of 36,657,988. The company has a quick ratio of 2.85, a current ratio of 2.89 and a debt-to-equity ratio of 1.01. Microsoft Co. has a 52 week low of $64.85 and a 52 week high of $97.24. The company has a market capitalization of $694,752.38, a price-to-earnings ratio of 27.26, a P/E/G ratio of 2.09 and a beta of 1.07.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Wednesday, January 31st. The software giant reported $0.96 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.09. Microsoft had a net margin of 11.72% and a return on equity of 35.41%. The company had revenue of $28.92 billion during the quarter, compared to the consensus estimate of $28.42 billion. During the same quarter in the prior year, the firm earned $0.83 earnings per share. The firm’s revenue was up 11.9% compared to the same quarter last year. equities analysts expect that Microsoft Co. will post 3.63 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 14th. Stockholders of record on Thursday, May 17th will be given a dividend of $0.42 per share. 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 50.76%.

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About Microsoft

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.

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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