Sentinel Pension Advisors Inc. lifted its holdings in Microsoft Co. (NASDAQ:MSFT) by 52.2% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 4,718 shares of the software giant’s stock after buying an additional 1,618 shares during the quarter. Sentinel Pension Advisors Inc.’s holdings in Microsoft were worth $992,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of MSFT. Newfound Research LLC bought a new stake in Microsoft in the 3rd quarter valued at about $32,000. Virtus ETF Advisers LLC lifted its position in Microsoft by 230.5% in the 2nd quarter. Virtus ETF Advisers LLC now owns 195 shares of the software giant’s stock valued at $40,000 after purchasing an additional 136 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in Microsoft in the 3rd quarter valued at about $45,000. Virtus Alternative Investment Advisers Inc. bought a new stake in Microsoft in the 2nd quarter valued at about $48,000. Finally, Carolina Wealth Advisors LLC lifted its position in Microsoft by 20.1% in the 3rd quarter. Carolina Wealth Advisors LLC now owns 341 shares of the software giant’s stock valued at $72,000 after purchasing an additional 57 shares during the last quarter. Institutional investors own 69.93% of the company’s stock.
In other news, President Bradford L. Smith sold 200,000 shares of Microsoft stock in a transaction that occurred on Thursday, November 5th. The shares were sold at an average price of $222.58, for a total value of $44,516,000.00. Following the transaction, the president now owns 778,439 shares of the company’s stock, valued at $173,264,952.62. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Satya Nadella sold 104,500 shares of Microsoft stock in a transaction that occurred on Thursday, November 5th. The shares were sold at an average price of $222.52, for a total transaction of $23,253,340.00. Following the completion of the transaction, the chief executive officer now directly owns 1,392,573 shares in the company, valued at approximately $309,875,343.96. The disclosure for this sale can be found here. In the last three months, insiders sold 422,556 shares of company stock worth $93,282,154. Insiders own 0.05% of the company’s stock.
Several equities analysts have commented on MSFT shares. Morgan Stanley raised their target price on shares of Microsoft from $245.00 to $249.00 and gave the company an “overweight” rating in a research note on Wednesday, October 28th. Piper Sandler raised their target price on shares of Microsoft from $218.00 to $245.00 and gave the company an “overweight” rating in a research note on Wednesday, October 28th. BidaskClub raised shares of Microsoft from a “sell” rating to a “hold” rating in a research note on Tuesday, September 29th. Stifel Nicolaus raised their target price on shares of Microsoft from $220.00 to $245.00 and gave the company a “buy” rating in a research note on Tuesday, October 20th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Microsoft from $245.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, October 29th. Three equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and two have issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $230.46.
NASDAQ MSFT opened at $210.39 on Friday. The company has a quick ratio of 2.49, a current ratio of 2.53 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $1,590.65 billion, a PE ratio of 33.99, a price-to-earnings-growth ratio of 2.58 and a beta of 0.87. The company has a 50 day moving average price of $213.80 and a two-hundred day moving average price of $204.25. Microsoft Co. has a 12-month low of $132.52 and a 12-month high of $232.86.
Microsoft (NASDAQ:MSFT) last posted its earnings results on Tuesday, October 27th. The software giant reported $1.82 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.53 by $0.29. Microsoft had a net margin of 32.28% and a return on equity of 40.74%. As a group, equities analysts anticipate that Microsoft Co. will post 6.74 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Thursday, November 19th will be given a $0.56 dividend. This is a positive change from Microsoft’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend is Wednesday, November 18th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.06%. Microsoft’s dividend payout ratio (DPR) is currently 38.89%.
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, as well as related Client Access Licenses (CAL); Skype, Outlook.com, and OneDrive; LinkedIn that includes Talent, Learning, Sales, and Marketing solutions, as well as premium subscriptions; and Dynamics 365, a set of cloud-based and on-premises business solutions for small and medium businesses, large organizations, and divisions of enterprises.
Read More: Net Margin
Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Co. (NASDAQ:MSFT).
Receive News & Ratings for Microsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft and related companies with MarketBeat.com's FREE daily email newsletter.