Thrivent Financial for Lutherans grew its position in Microsoft Co. (NASDAQ:MSFT) by 0.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 5,043,774 shares of the software giant’s stock after acquiring an additional 16,311 shares during the quarter. Microsoft comprises 1.8% of Thrivent Financial for Lutherans’ investment portfolio, making the stock its 3rd largest holding. Thrivent Financial for Lutherans’ holdings in Microsoft were worth $512,541,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in MSFT. HC Financial Advisors Inc. increased its position in shares of Microsoft by 5.3% in the third quarter. HC Financial Advisors Inc. now owns 26,827 shares of the software giant’s stock valued at $3,068,000 after acquiring an additional 1,356 shares during the last quarter. Garner Asset Management Corp increased its position in shares of Microsoft by 329.8% in the third quarter. Garner Asset Management Corp now owns 32,580 shares of the software giant’s stock valued at $891,000 after acquiring an additional 25,000 shares during the last quarter. Squar Milner Financial Services LLC increased its position in shares of Microsoft by 44.0% in the third quarter. Squar Milner Financial Services LLC now owns 16,170 shares of the software giant’s stock valued at $1,849,000 after acquiring an additional 4,944 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of Microsoft in the third quarter valued at about $871,000. Finally, CMH Wealth Management LLC increased its position in shares of Microsoft by 24.1% in the third quarter. CMH Wealth Management LLC now owns 55,193 shares of the software giant’s stock valued at $6,381,000 after acquiring an additional 10,710 shares during the last quarter. Institutional investors and hedge funds own 72.10% of the company’s stock.
In other news, EVP Christopher C. Capossela sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $128.87, for a total transaction of $386,610.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Kathleen T. Hogan sold 15,947 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $133.17, for a total value of $2,123,661.99. Following the sale, the executive vice president now owns 202,518 shares of the company’s stock, valued at approximately $26,969,322.06. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 216,247 shares of company stock valued at $28,204,754. Corporate insiders own 1.38% of the company’s stock.
A number of analysts recently issued reports on the company. KeyCorp reaffirmed a “buy” rating and issued a $141.00 target price (up previously from $125.00) on shares of Microsoft in a research report on Wednesday, April 17th. Credit Suisse Group reaffirmed a “buy” rating and issued a $125.00 target price on shares of Microsoft in a research report on Friday, March 22nd. JPMorgan Chase & Co. lifted their target price on Microsoft from $125.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. Wedbush lifted their target price on Microsoft from $150.00 to $155.00 and gave the company an “outperform” rating in a research report on Thursday, April 25th. Finally, Morgan Stanley boosted their price target on Microsoft from $140.00 to $145.00 and gave the stock an “overweight” rating in a research report on Thursday, April 25th. One analyst has rated the stock with a sell rating, three have given a hold rating, twenty-five have given a buy rating and three have issued a strong buy rating to the stock. Microsoft has a consensus rating of “Buy” and a consensus target price of $135.75.
NASDAQ MSFT traded up $0.16 during trading on Friday, reaching $132.48. 699,116 shares of the company’s stock were exchanged, compared to its average volume of 22,624,398. Microsoft Co. has a fifty-two week low of $93.96 and a fifty-two week high of $134.24. The company has a market cap of $1,007.58 billion, a PE ratio of 34.15, a price-to-earnings-growth ratio of 2.31 and a beta of 1.22. The company has a quick ratio of 2.93, a current ratio of 2.97 and a debt-to-equity ratio of 0.70.
Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Wednesday, April 24th. The software giant reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.14. Microsoft had a return on equity of 39.34% and a net margin of 28.58%. The company had revenue of $30.57 billion during the quarter, compared to analysts’ expectations of $29.86 billion. During the same quarter in the previous year, the company posted $0.95 earnings per share. The business’s revenue was up 14.0% on a year-over-year basis. As a group, research analysts anticipate that Microsoft Co. will post 4.58 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 15th will be issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date is Wednesday, August 14th. Microsoft’s dividend payout ratio is presently 47.42%.
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Microsoft Company Profile
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its company's Productivity and Business Processes segment offers Office 365 commercial products and services, such as Office, Exchange, SharePoint, Skype for Business, Microsoft Teams, and related Client Access Licenses (CALs); Office 365 consumer services, including Skype, Outlook.com, and OneDrive; LinkedIn online professional network; and Dynamics business solutions comprising financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and medium businesses, large organizations, and divisions of enterprises.
Further Reading: What is Liquidity?
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