Microsoft Co. (NASDAQ:MSFT) is Buckley Wealth Management LLC’s 2nd Largest Position

Buckley Wealth Management LLC trimmed its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 8.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 90,469 shares of the software giant’s stock after selling 8,173 shares during the period. Microsoft makes up 6.2% of Buckley Wealth Management LLC’s investment portfolio, making the stock its 2nd largest holding. Buckley Wealth Management LLC’s holdings in Microsoft were worth $12,578,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nuveen Asset Management LLC increased its holdings in Microsoft by 2,651.8% during the second quarter. Nuveen Asset Management LLC now owns 67,353,275 shares of the software giant’s stock valued at $9,022,645,000 after buying an additional 64,905,685 shares during the last quarter. Thoroughbred Financial Services LLC increased its holdings in Microsoft by 13,479.6% during the second quarter. Thoroughbred Financial Services LLC now owns 8,726,283 shares of the software giant’s stock valued at $872,628,000 after buying an additional 8,662,023 shares during the last quarter. Vanguard Group Inc. increased its holdings in Microsoft by 1.3% during the second quarter. Vanguard Group Inc. now owns 613,005,516 shares of the software giant’s stock valued at $82,118,218,000 after buying an additional 7,724,483 shares during the last quarter. Edgewood Management LLC purchased a new stake in Microsoft during the second quarter valued at approximately $620,230,000. Finally, Parnassus Investments CA increased its holdings in Microsoft by 87.9% during the second quarter. Parnassus Investments CA now owns 8,818,322 shares of the software giant’s stock valued at $1,181,303,000 after buying an additional 4,126,121 shares during the last quarter. 72.19% of the stock is owned by hedge funds and other institutional investors.

MSFT opened at $141.58 on Wednesday. The firm has a market cap of $1,066.51 billion, a P/E ratio of 29.41, a PEG ratio of 2.24 and a beta of 1.22. Microsoft Co. has a 1-year low of $93.96 and a 1-year high of $142.37. The company has a 50 day simple moving average of $137.91 and a two-hundred day simple moving average of $132.49. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.53 and a quick ratio of 2.50.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Thursday, July 18th. The software giant reported $1.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.21 by $0.16. The business had revenue of $33.72 billion during the quarter, compared to analyst estimates of $32.80 billion. Microsoft had a net margin of 31.18% and a return on equity of 39.26%. The company’s revenue was up 12.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.13 earnings per share. Equities analysts anticipate that Microsoft Co. will post 5.24 earnings per share for the current year.

Microsoft declared that its Board of Directors has authorized a share buyback program on Wednesday, September 18th that authorizes the company to buyback $40.00 billion in shares. This buyback authorization authorizes the software giant to buy up to 3.8% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be given a $0.51 dividend. This is a positive change from Microsoft’s previous quarterly dividend of $0.46. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date of this dividend is Wednesday, November 20th. Microsoft’s dividend payout ratio is presently 38.74%.

In related news, CFO Amy Hood sold 123,769 shares of the company’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $137.26, for a total transaction of $16,988,532.94. Following the completion of the transaction, the chief financial officer now owns 433,940 shares in the company, valued at $59,562,604.40. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CMO Christopher C. Capossela sold 9,000 shares of the company’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $135.58, for a total transaction of $1,220,220.00. Following the transaction, the chief marketing officer now owns 119,579 shares of the company’s stock, valued at approximately $16,212,520.82. The disclosure for this sale can be found here. Over the last quarter, insiders sold 318,757 shares of company stock valued at $43,735,918. Company insiders own 1.38% of the company’s stock.

A number of analysts have commented on the stock. Cowen assumed coverage on shares of Microsoft in a report on Thursday, July 11th. They set an “outperform” rating and a $150.00 target price for the company. CIBC upped their target price on shares of Microsoft from $145.00 to $160.00 and gave the company an “outperform” rating in a report on Friday, July 19th. ValuEngine cut shares of Microsoft from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Royal Bank of Canada reaffirmed a “buy” rating and set a $153.00 target price on shares of Microsoft in a report on Wednesday, July 24th. Finally, DZ Bank reaffirmed a “buy” rating on shares of Microsoft in a report on Friday, July 19th. Three analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the company. Microsoft currently has an average rating of “Buy” and an average target price of $151.69.

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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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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