Albion Financial Group UT lifted its position in Microsoft Co. (NASDAQ:MSFT) by 0.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 152,060 shares of the software giant’s stock after purchasing an additional 268 shares during the quarter. Microsoft comprises about 2.8% of Albion Financial Group UT’s investment portfolio, making the stock its 7th biggest position. Albion Financial Group UT’s holdings in Microsoft were worth $23,980,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of MSFT. Ledyard National Bank increased its stake in Microsoft by 1.6% during the fourth quarter. Ledyard National Bank now owns 180,111 shares of the software giant’s stock worth $28,404,000 after acquiring an additional 2,875 shares during the last quarter. Hussman Strategic Advisors Inc. bought a new stake in Microsoft during the fourth quarter worth approximately $402,000. Iberiabank Corp increased its stake in Microsoft by 0.7% during the fourth quarter. Iberiabank Corp now owns 126,534 shares of the software giant’s stock worth $19,954,000 after acquiring an additional 909 shares during the last quarter. Kanawha Capital Management LLC increased its stake in Microsoft by 3.3% during the fourth quarter. Kanawha Capital Management LLC now owns 237,979 shares of the software giant’s stock worth $37,529,000 after acquiring an additional 7,504 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its stake in Microsoft by 1.0% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 29,527,441 shares of the software giant’s stock worth $4,656,477,000 after acquiring an additional 279,674 shares during the last quarter. 71.91% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ MSFT opened at $184.71 on Thursday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.77 and a current ratio of 2.80. The firm has a market capitalization of $1,401.57 billion, a price-to-earnings ratio of 32.18, a PEG ratio of 2.53 and a beta of 1.15. The stock has a 50 day moving average price of $166.44 and a 200 day moving average price of $148.34. Microsoft Co. has a 52-week low of $105.48 and a 52-week high of $190.70.
Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Wednesday, January 29th. The software giant reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.19. The firm had revenue of $36.91 billion during the quarter, compared to analyst estimates of $35.68 billion. Microsoft had a return on equity of 40.41% and a net margin of 33.02%. Microsoft’s quarterly revenue was up 13.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.10 earnings per share. Analysts forecast that Microsoft Co. will post 5.64 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Thursday, February 20th will be issued a $0.51 dividend. The ex-dividend date of this dividend is Wednesday, February 19th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.10%. Microsoft’s payout ratio is 42.95%.
Several brokerages have weighed in on MSFT. Piper Sandler boosted their price objective on Microsoft from $190.00 to $199.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Barclays reissued a “buy” rating and set a $190.00 price objective on shares of Microsoft in a research note on Thursday, January 30th. Credit Suisse Group boosted their price objective on Microsoft from $180.00 to $190.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. BidaskClub raised Microsoft from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 13th. Finally, DZ Bank reissued a “buy” rating on shares of Microsoft in a research note on Monday, January 6th. Two analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and two have assigned a strong buy rating to the stock. Microsoft presently has a consensus rating of “Buy” and an average price target of $187.06.
In related news, EVP Margaret L. Johnson sold 35,000 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $150.01, for a total value of $5,250,350.00. Following the completion of the sale, the executive vice president now owns 62,423 shares in the company, valued at $9,364,074.23. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jean Philippe Courtois sold 18,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $179.55, for a total value of $3,231,900.00. Following the completion of the sale, the executive vice president now owns 582,510 shares of the company’s stock, valued at approximately $104,589,670.50. The disclosure for this sale can be found here. 1.39% of the stock is currently owned by insiders.
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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