Microsoft Co. (MSFT) is Berkshire Asset Management LLC PA’s 2nd Largest Position

Berkshire Asset Management LLC PA lifted its position in Microsoft Co. (NASDAQ:MSFT) by 2.2% in the first quarter, HoldingsChannel.com reports. The firm owned 439,367 shares of the software giant’s stock after buying an additional 9,305 shares during the period. Microsoft makes up about 3.9% of Berkshire Asset Management LLC PA’s portfolio, making the stock its 2nd biggest holding. Berkshire Asset Management LLC PA’s holdings in Microsoft were worth $40,101,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in MSFT. Kohmann Bosshard Financial Services LLC acquired a new position in Microsoft in the fourth quarter valued at about $103,000. Cerebellum GP LLC acquired a new position in Microsoft in the fourth quarter valued at about $134,000. Family Capital Trust Co acquired a new position in Microsoft in the fourth quarter valued at about $188,000. AlphaStar Capital Management LLC acquired a new position in Microsoft in the fourth quarter valued at about $204,000. Finally, Moller Financial Services acquired a new position in Microsoft in the fourth quarter valued at about $205,000. 72.27% of the stock is owned by hedge funds and other institutional investors.

MSFT has been the topic of a number of recent analyst reports. Goldman Sachs Group set a $103.00 target price on shares of Microsoft and gave the company a “buy” rating in a research report on Friday, April 20th. Vetr raised shares of Microsoft from a “buy” rating to a “strong-buy” rating and set a $101.39 target price on the stock in a research report on Friday, March 23rd. Deutsche Bank set a $120.00 target price on shares of Microsoft and gave the company a “buy” rating in a research report on Monday, March 12th. KeyCorp reaffirmed a “buy” rating and issued a $110.00 target price on shares of Microsoft in a research report on Friday, April 27th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $115.00 target price on shares of Microsoft in a research report on Friday, May 18th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $105.49.

In other Microsoft news, EVP Christopher C. Capossela sold 10,000 shares of the firm’s stock in a transaction on Thursday, June 7th. The stock was sold at an average price of $100.99, for a total value of $1,009,900.00. Following the completion of the sale, the executive vice president now owns 158,601 shares of the company’s stock, valued at $16,017,114.99. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Sandra E. Peterson bought 5,400 shares of Microsoft stock in a transaction on Tuesday, June 5th. The stock was acquired at an average cost of $101.96 per share, with a total value of $550,584.00. Following the acquisition, the director now owns 5,400 shares of the company’s stock, valued at approximately $550,584. The disclosure for this purchase can be found here. Company insiders own 1.49% of the company’s stock.

Shares of NASDAQ:MSFT opened at $98.39 on Tuesday. The company has a market capitalization of $773.14 billion, a P/E ratio of 29.73, a PEG ratio of 2.19 and a beta of 1.04. Microsoft Co. has a fifty-two week low of $68.02 and a fifty-two week high of $102.69. The company has a debt-to-equity ratio of 1.00, a quick ratio of 3.35 and a current ratio of 3.40.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Thursday, April 26th. The software giant reported $0.95 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.10. The company had revenue of $26.82 billion for the quarter, compared to analyst estimates of $25.78 billion. Microsoft had a net margin of 13.72% and a return on equity of 36.49%. The firm’s revenue was up 15.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.73 earnings per share. analysts predict that Microsoft Co. will post 3.84 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 13th. Stockholders of record on Thursday, August 16th will be given a dividend of $0.42 per share. The ex-dividend date is Wednesday, August 15th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.71%. Microsoft’s dividend payout ratio (DPR) is presently 50.76%.

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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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