Atlas Capital Advisors LLC increased its holdings in Microsoft Co. (NASDAQ:MSFT) by 4.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,808 shares of the software giant’s stock after purchasing an additional 650 shares during the quarter. Microsoft makes up 0.7% of Atlas Capital Advisors LLC’s investment portfolio, making the stock its 24th biggest holding. Atlas Capital Advisors LLC’s holdings in Microsoft were worth $2,337,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of the stock. LFA Lugano Financial Advisors SA lifted its holdings in Microsoft by 274.5% in the second quarter. LFA Lugano Financial Advisors SA now owns 191 shares of the software giant’s stock valued at $26,000 after buying an additional 140 shares during the period. Krane Funds Advisors LLC acquired a new position in Microsoft in the second quarter valued at $26,000. Centaurus Financial Inc. raised its holdings in shares of Microsoft by 21.1% during the first quarter. Centaurus Financial Inc. now owns 3,222 shares of the software giant’s stock valued at $27,000 after purchasing an additional 561 shares during the period. Selective Wealth Management Inc. acquired a new position in shares of Microsoft during the third quarter valued at about $36,000. Finally, Atwater Malick LLC acquired a new position in shares of Microsoft during the third quarter valued at about $37,000. 72.22% of the stock is currently owned by institutional investors.
In other Microsoft news, EVP Jean Philippe Courtois sold 11,779 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $140.00, for a total value of $1,649,060.00. Following the completion of the sale, the executive vice president now directly owns 597,727 shares of the company’s stock, valued at approximately $83,681,780. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CMO Christopher C. Capossela sold 2,500 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $144.01, for a total transaction of $360,025.00. Following the completion of the sale, the chief marketing officer now directly owns 118,944 shares of the company’s stock, valued at $17,129,125.44. The disclosure for this sale can be found here. Over the last three months, insiders have sold 332,804 shares of company stock valued at $45,823,569. 1.39% of the stock is currently owned by insiders.
Microsoft (NASDAQ:MSFT) last posted its earnings results on Wednesday, October 23rd. The software giant reported $1.38 EPS for the quarter, topping the consensus estimate of $1.24 by $0.14. The company had revenue of $33.06 billion during the quarter, compared to the consensus estimate of $32.24 billion. Microsoft had a net margin of 31.66% and a return on equity of 39.14%. The firm’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.14 earnings per share. On average, equities research analysts expect that Microsoft Co. will post 5.35 earnings per share for the current fiscal year.
Microsoft announced that its Board of Directors has initiated a share buyback program on Wednesday, September 18th that permits the company to repurchase $40.00 billion in shares. This repurchase authorization permits the software giant to purchase up to 3.8% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its stock is undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be given a dividend of $0.51 per share. The ex-dividend date is Wednesday, November 20th. This is an increase from Microsoft’s previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a dividend yield of 1.38%. Microsoft’s payout ratio is presently 38.74%.
MSFT has been the topic of several research reports. Morgan Stanley upped their price objective on shares of Microsoft from $155.00 to $157.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Jefferies Financial Group upgraded shares of Microsoft from a “hold” rating to a “buy” rating and set a $160.00 price objective on the stock in a report on Monday, October 7th. Credit Suisse Group set a $155.00 price objective on shares of Microsoft and gave the company a “buy” rating in a report on Monday. Wells Fargo & Co set a $160.00 price objective on shares of Microsoft and gave the company a “buy” rating in a report on Friday, July 19th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating and set a $169.00 price objective on shares of Microsoft in a report on Thursday, October 24th. One investment analyst has rated the stock with a hold rating, thirty have given a buy rating and two have issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $159.45.
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.
Read More: What is a capital gain?
Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Co. (NASDAQ:MSFT).
Receive News & Ratings for Microsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft and related companies with MarketBeat.com's FREE daily email newsletter.