Microsoft Co. (NASDAQ:MSFT) Shares Bought by Ridgewood Investments LLC
Ridgewood Investments LLC grew its position in shares of Microsoft Co. (NASDAQ:MSFT) by 10.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,301 shares of the software giant’s stock after purchasing an additional 413 shares during the period. Ridgewood Investments LLC’s holdings in Microsoft were worth $905,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Advisor Group Holdings Inc. purchased a new stake in shares of Microsoft during the first quarter worth about $328,820,000. Nordea Investment Management AB grew its stake in Microsoft by 105.3% during the 2nd quarter. Nordea Investment Management AB now owns 20,872,802 shares of the software giant’s stock valued at $4,168,090,000 after purchasing an additional 10,705,657 shares in the last quarter. APG Asset Management N.V. increased its holdings in 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 worth $2,442,009,000 after purchasing an additional 3,863,058 shares during the last quarter. Viking Global Investors LP raised its position in shares of Microsoft by 257.7% in the 1st quarter. Viking Global Investors LP now owns 4,900,338 shares of the software giant’s stock valued at $772,832,000 after purchasing an additional 3,530,518 shares in the last quarter. Finally, Capital International Investors boosted its stake in Microsoft by 3.5% during the 1st quarter. Capital International Investors now owns 103,523,946 shares of the software giant’s stock valued at $16,326,780,000 after acquiring an additional 3,527,148 shares during the last quarter. 69.93% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages have issued reports on MSFT. Wedbush upped their price objective on Microsoft from $220.00 to $260.00 and gave the company an “outperform” rating in a research note on Thursday, July 9th. Credit Suisse Group reaffirmed a “buy” rating and set a $225.00 target price on shares of Microsoft in a report on Monday, October 5th. DZ Bank reissued a “buy” rating on shares of Microsoft in a report on Thursday, July 23rd. Barclays upped their price objective on Microsoft from $204.00 to $234.00 and gave the stock an “overweight” rating in a research note on Monday, July 20th. Finally, Morgan Stanley boosted their price target on shares of Microsoft from $230.00 to $245.00 and gave the company an “overweight” rating in a report on Wednesday, September 9th. Four research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. Microsoft presently has a consensus rating of “Buy” and a consensus price target of $220.30.
Shares of Microsoft stock opened at $219.66 on Friday. Microsoft Co. has a 12-month low of $132.52 and a 12-month high of $232.86. The firm has a market capitalization of $1,662.31 billion, a PE ratio of 38.20, a price-to-earnings-growth ratio of 2.54 and a beta of 0.92. The company has a quick ratio of 2.49, a current ratio of 2.52 and a debt-to-equity ratio of 0.50. The stock’s fifty day moving average is $211.82 and its 200-day moving average is $196.06.
Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Wednesday, July 22nd. The software giant reported $1.46 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.34 by $0.12. Microsoft had a return on equity of 39.45% and a net margin of 30.96%. The firm had revenue of $38.03 billion for the quarter, compared to analysts’ expectations of $36.59 billion. Analysts expect that Microsoft Co. will post 6.36 EPS for the current year.
The company also recently announced 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 an increase from Microsoft’s previous quarterly dividend of $0.51. This represents a $2.24 annualized dividend and a dividend yield of 1.02%. The ex-dividend date is Wednesday, November 18th. Microsoft’s dividend payout ratio (DPR) is 35.42%.
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.
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