Portland Hill Asset Management Ltd Acquires 384 Shares of Microsoft Co. (NASDAQ:MSFT)

Portland Hill Asset Management Ltd lifted its stake in Microsoft Co. (NASDAQ:MSFT) by 110.7% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 731 shares of the software giant’s stock after buying an additional 384 shares during the quarter. Microsoft makes up about 0.1% of Portland Hill Asset Management Ltd’s investment portfolio, making the stock its 26th largest position. Portland Hill Asset Management Ltd’s holdings in Microsoft were worth $172,000 as of its most recent filing with the SEC.

Several other hedge funds also recently added to or reduced their stakes in MSFT. Resolute Partners Group purchased a new stake in Microsoft during the fourth quarter valued at $26,000. Paradigm Strategies in Wealth Management LLC bought a new position in Microsoft during the first quarter valued at $67,000. Luken Investment Analytics LLC bought a new position in shares of Microsoft in the fourth quarter worth about $70,000. Newfound Research LLC grew its holdings in shares of Microsoft by 77.8% in the first quarter. Newfound Research LLC now owns 336 shares of the software giant’s stock worth $79,000 after purchasing an additional 147 shares during the last quarter. Finally, Carolina Wealth Advisors LLC grew its holdings in shares of Microsoft by 19.2% in the first quarter. Carolina Wealth Advisors LLC now owns 373 shares of the software giant’s stock worth $88,000 after purchasing an additional 60 shares during the last quarter. 69.38% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CMO Christopher C. Capossela sold 1,500 shares of Microsoft stock in a transaction on Wednesday, May 12th. The shares were sold at an average price of $240.00, for a total value of $360,000.00. Following the sale, the chief marketing officer now owns 87,703 shares of the company’s stock, valued at approximately $21,048,720. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Bradford L. Smith sold 8,000 shares of Microsoft stock in a transaction on Monday, May 10th. The shares were sold at an average price of $250.27, for a total transaction of $2,002,160.00. Following the completion of the sale, the president now directly owns 694,584 shares in the company, valued at approximately $173,833,537.68. The disclosure for this sale can be found here. Insiders have sold a total of 15,586 shares of company stock worth $3,899,849 in the last ninety days. Corporate insiders own 0.05% of the company’s stock.

A number of research analysts have recently commented on the stock. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upped their price target on shares of Microsoft from $292.00 to $302.00 and gave the stock a “buy” rating in a report on Wednesday, April 21st. KGI Securities initiated coverage on shares of Microsoft in a report on Tuesday, June 1st. They set an “outperform” rating and a $300.00 target price on the stock. UBS Group increased their target price on shares of Microsoft from $275.00 to $300.00 and gave the stock a “buy” rating in a report on Wednesday, April 28th. Fundamental Research increased their target price on shares of Microsoft from $236.60 to $256.70 and gave the stock a “hold” rating in a report on Wednesday, May 26th. Finally, Argus increased their target price on shares of Microsoft from $275.00 to $300.00 and gave the stock a “buy” rating in a report on Tuesday, April 13th. Two investment analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $290.70.

MSFT opened at $257.24 on Friday. Microsoft Co. has a 12-month low of $184.01 and a 12-month high of $263.19. The company has a quick ratio of 2.26, a current ratio of 2.29 and a debt-to-equity ratio of 0.37. The stock has a market cap of $1.94 trillion, a price-to-earnings ratio of 35.05, a PEG ratio of 2.54 and a beta of 0.79. The stock’s 50 day simple moving average is $251.46.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Tuesday, April 27th. The software giant reported $1.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.76 by $0.19. The company had revenue of $41.71 billion during the quarter, compared to analyst estimates of $40.83 billion. Microsoft had a net margin of 35.02% and a return on equity of 43.75%. Microsoft’s revenue for the quarter was up 19.1% compared to the same quarter last year. During the same period last year, the firm posted $1.40 EPS. As a group, equities research analysts anticipate that Microsoft Co. will post 7.71 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 10th. Stockholders of record on Thursday, May 20th were paid a dividend of $0.56 per share. The ex-dividend date of this dividend was Wednesday, May 19th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 0.87%. Microsoft’s payout ratio is 38.89%.

Microsoft Profile

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, OneDrive, and LinkedIn; 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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