Microsoft Co. (NASDAQ:MSFT) Stock Position Lifted by GWM Advisors LLC

GWM Advisors LLC boosted its holdings in Microsoft Co. (NASDAQ:MSFT) by 5.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 359,206 shares of the software giant’s stock after purchasing an additional 18,802 shares during the period. Microsoft comprises 2.6% of GWM Advisors LLC’s holdings, making the stock its 3rd largest position. GWM Advisors LLC’s holdings in Microsoft were worth $75,551,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of MSFT. Nordea Investment Management AB boosted its position in Microsoft by 105.3% in the second quarter. Nordea Investment Management AB now owns 20,872,802 shares of the software giant’s stock worth $4,168,090,000 after purchasing an additional 10,705,657 shares during the last quarter. APG Asset Management N.V. lifted its position in shares of Microsoft by 40.2% during the 2nd quarter. APG Asset Management N.V. now owns 13,477,185 shares of the software giant’s stock valued at $2,442,009,000 after buying an additional 3,863,058 shares during the last quarter. Copper Rock Capital Partners LLC purchased a new position in shares of Microsoft during the 2nd quarter valued at $178,633,000. CIBC Private Wealth Group LLC lifted its position in shares of Microsoft by 49.1% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 7,924,225 shares of the software giant’s stock valued at $1,666,334,000 after buying an additional 2,610,267 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Microsoft by 2.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 85,075,509 shares of the software giant’s stock valued at $17,313,715,000 after buying an additional 1,667,999 shares during the last quarter. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Shares of Microsoft stock opened at $210.39 on Friday. The company has a current ratio of 2.53, a quick ratio of 2.49 and a debt-to-equity ratio of 0.46. The firm 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 business’s 50-day moving average price is $213.80 and its 200-day moving average price is $204.25. Microsoft Co. has a 12 month low of $132.52 and a 12 month high of $232.86.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Tuesday, October 27th. The software giant reported $1.82 EPS for the quarter, beating the consensus estimate of $1.53 by $0.29. Microsoft had a return on equity of 40.74% and a net margin of 32.28%. As a group, analysts predict that Microsoft Co. will post 6.74 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Thursday, November 19th will be given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 1.06%. 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. Microsoft’s dividend payout ratio (DPR) is presently 38.89%.

In related news, EVP Jean Philippe Courtois sold 15,014 shares of the firm’s stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $213.59, for a total transaction of $3,206,840.26. Following the transaction, the executive vice president now directly owns 545,484 shares in the company, valued at approximately $116,509,927.56. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, President Bradford L. Smith sold 200,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 5th. The stock was 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 in the company, valued at $173,264,952.62. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 422,556 shares of company stock worth $93,282,154. 0.05% of the stock is owned by corporate insiders.

MSFT has been the topic of a number of recent research reports. Summit Insights cut Microsoft from a “buy” rating to a “hold” rating in a research report on Tuesday, September 29th. Deutsche Bank Aktiengesellschaft upped their price target on Microsoft from $245.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, October 29th. Piper Sandler upped their price target on Microsoft from $218.00 to $245.00 and gave the company an “overweight” rating in a research report on Wednesday, October 28th. Stifel Nicolaus increased their price objective on Microsoft from $220.00 to $245.00 and gave the stock a “buy” rating in a report on Tuesday, October 20th. Finally, Credit Suisse Group set a $235.00 price objective on Microsoft and gave the stock a “buy” rating in a report on Friday. Three equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and two have issued a strong buy rating to the stock. Microsoft currently has a consensus rating of “Buy” and a consensus price target of $230.46.

About Microsoft

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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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