Carillon Tower Advisers Inc. reduced its holdings in Microsoft Co. (NASDAQ:MSFT) by 0.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 609,316 shares of the software giant’s stock after selling 5,400 shares during the period. Carillon Tower Advisers Inc.’s holdings in Microsoft were worth $84,714,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. LFA Lugano Financial Advisors SA increased its stake 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 purchasing an additional 140 shares in the last quarter. Krane Funds Advisors LLC bought a new stake in Microsoft in the second quarter valued at approximately $26,000. Centaurus Financial Inc. increased its stake in Microsoft by 21.1% in 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 in the last quarter. Selective Wealth Management Inc. bought a new stake in Microsoft in the third quarter valued at approximately $36,000. Finally, Atwater Malick LLC bought a new stake in Microsoft in the third quarter valued at approximately $37,000. Institutional investors and hedge funds own 72.17% of the company’s stock.
Several equities research analysts have commented on the stock. Cleveland Research reaffirmed a “buy” rating on shares of Microsoft in a research note on Friday, October 18th. BidaskClub raised shares of Microsoft from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 13th. Stifel Nicolaus reissued a “buy” rating and set a $160.00 price objective on shares of Microsoft in a research report on Monday. Evercore ISI set a $160.00 price objective on shares of Microsoft and gave the stock a “buy” rating in a research report on Friday, October 18th. Finally, Citigroup increased their price objective on shares of Microsoft from $152.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. One analyst has rated the stock with a hold rating, thirty have assigned a buy rating and two have given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $159.45.
Microsoft stock opened at $150.34 on Tuesday. The company has a market cap of $1,129.52 billion, a P/E ratio of 31.65, a price-to-earnings-growth ratio of 2.33 and a beta of 1.23. Microsoft Co. has a 1-year low of $93.96 and a 1-year high of $150.55. The company has a fifty day simple moving average of $141.57 and a 200 day simple moving average of $135.97. The company has a current ratio of 2.85, a quick ratio of 2.81 and a debt-to-equity ratio of 0.69.
Microsoft (NASDAQ:MSFT) last released its earnings results on Wednesday, October 23rd. The software giant reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.14. The business 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% compared to the same quarter last year. During the same quarter last year, the firm earned $1.14 earnings per share. On average, equities research analysts forecast that Microsoft Co. will post 5.35 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be given a $0.51 dividend. The ex-dividend date is Wednesday, November 20th. This represents a $2.04 dividend on an annualized basis and a yield of 1.36%. This is an increase from Microsoft’s previous quarterly dividend of $0.46. Microsoft’s dividend payout ratio (DPR) is 38.74%.
Microsoft declared that its board has authorized a share repurchase plan on Wednesday, September 18th that allows the company to repurchase $40.00 billion in shares. This repurchase authorization allows the software giant to reacquire up to 3.8% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.
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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