Peachtree Investment Partners LLC purchased a new position in Microsoft Co. (NASDAQ:MSFT) in the 4th quarter, HoldingsChannel reports. The firm purchased 59,041 shares of the software giant’s stock, valued at approximately $5,997,000. Microsoft accounts for approximately 6.8% of Peachtree Investment Partners LLC’s investment portfolio, making the stock its 4th biggest position.
Several other large investors have also added to or reduced their stakes in the company. Guardian Investment Management lifted its holdings in shares of Microsoft by 4.2% in the fourth quarter. Guardian Investment Management now owns 30,770 shares of the software giant’s stock valued at $3,125,000 after buying an additional 1,240 shares during the period. United Capital Management of KS Inc. lifted its holdings in shares of Microsoft by 5.8% in the fourth quarter. United Capital Management of KS Inc. now owns 17,834 shares of the software giant’s stock valued at $1,811,000 after buying an additional 984 shares during the period. Polen Capital Management LLC lifted its holdings in shares of Microsoft by 0.8% in the third quarter. Polen Capital Management LLC now owns 13,818,601 shares of the software giant’s stock valued at $1,580,433,000 after buying an additional 114,047 shares during the period. Abner Herrman & Brock LLC lifted its holdings in shares of Microsoft by 1.3% in the fourth quarter. Abner Herrman & Brock LLC now owns 259,088 shares of the software giant’s stock valued at $26,316,000 after buying an additional 3,234 shares during the period. Finally, Leavell Investment Management Inc. lifted its holdings in shares of Microsoft by 0.3% during the fourth quarter. Leavell Investment Management Inc. now owns 89,124 shares of the software giant’s stock valued at $9,052,000 after purchasing an additional 300 shares during the last quarter. 72.10% of the stock is owned by institutional investors.
Shares of Microsoft stock opened at $132.45 on Friday. The stock has a market capitalization of $1,013.94 billion, a P/E ratio of 34.14, a price-to-earnings-growth ratio of 2.32 and a beta of 1.22. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.97 and a quick ratio of 2.93. Microsoft Co. has a 1 year low of $93.96 and a 1 year high of $134.24.
Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, April 24th. The software giant reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.14. The firm had revenue of $30.57 billion during the quarter, compared to the consensus estimate of $29.86 billion. Microsoft had a return on equity of 39.34% and a net margin of 28.58%. The business’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.95 EPS. On average, research analysts forecast that Microsoft Co. will post 4.58 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Thursday, August 15th will be paid a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 1.39%. The ex-dividend date is Wednesday, August 14th. Microsoft’s dividend payout ratio is currently 47.42%.
In related news, EVP Christopher C. Capossela sold 3,000 shares of the stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $128.87, for a total value of $386,610.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Bradford L. Smith sold 192,300 shares of the stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $130.34, for a total value of $25,064,382.00. Following the completion of the sale, the president now directly owns 754,442 shares of the company’s stock, valued at $98,333,970.28. The disclosure for this sale can be found here. Over the last three months, insiders sold 216,247 shares of company stock valued at $28,204,754. Company insiders own 1.38% of the company’s stock.
MSFT has been the subject of several analyst reports. Credit Suisse Group reaffirmed a “buy” rating and set a $125.00 target price on shares of Microsoft in a report on Wednesday, April 24th. ValuEngine raised Microsoft from a “hold” rating to a “buy” rating in a report on Monday, April 1st. Goldman Sachs Group reaffirmed a “buy” rating and set a $131.00 target price on shares of Microsoft in a report on Thursday, April 18th. KeyCorp reaffirmed a “buy” rating and set a $141.00 target price (up from $125.00) on shares of Microsoft in a report on Wednesday, April 17th. Finally, Mizuho initiated coverage on Microsoft in a report on Wednesday, March 13th. They set a “buy” rating and a $135.00 target price for the company. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-five have given a buy rating and three have assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $135.75.
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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.
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