Colonial River Wealth Management LLC Invests $2.88 Million in Microsoft Co. (NASDAQ:MSFT)

Colonial River Wealth Management LLC purchased a new position in shares of Microsoft Co. (NASDAQ:MSFT) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 11,810 shares of the software giant’s stock, valued at approximately $2,878,000. Microsoft accounts for about 1.3% of Colonial River Wealth Management LLC’s portfolio, making the stock its 7th largest holding.

Several other hedge funds and other institutional investors also recently bought and sold shares of MSFT. UBS Asset Management Americas Inc. increased its position in shares of Microsoft by 33.0% during the 3rd quarter. UBS Asset Management Americas Inc. now owns 53,535,518 shares of the software giant’s stock worth $11,260,125,000 after purchasing an additional 13,273,020 shares during the last quarter. Morgan Stanley increased its position in shares of Microsoft by 14.7% during the 4th quarter. Morgan Stanley now owns 69,099,798 shares of the software giant’s stock worth $15,369,178,000 after purchasing an additional 8,865,366 shares during the last quarter. Itau Unibanco Holding S.A. increased its position in shares of Microsoft by 5,330.8% during the 4th quarter. Itau Unibanco Holding S.A. now owns 5,357,196 shares of the software giant’s stock worth $18,791,000 after purchasing an additional 5,258,551 shares during the last quarter. Nuveen Asset Management LLC increased its position in shares of Microsoft by 7.4% during the 4th quarter. Nuveen Asset Management LLC now owns 60,306,979 shares of the software giant’s stock worth $13,413,478,000 after purchasing an additional 4,140,017 shares during the last quarter. Finally, Viking Global Investors LP increased its position in shares of Microsoft by 43.4% during the 4th quarter. Viking Global Investors LP now owns 11,838,092 shares of the software giant’s stock worth $2,633,028,000 after purchasing an additional 3,581,072 shares during the last quarter. Institutional investors and hedge funds own 69.01% of the company’s stock.

In other news, Director Emma N. Walmsley acquired 4,300 shares of Microsoft stock in a transaction on Wednesday, March 10th. The stock was bought at an average price of $236.80 per share, for a total transaction of $1,018,240.00. Following the completion of the purchase, the director now owns 5,026 shares in the company, valued at $1,190,156.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Jean Philippe Courtois sold 18,358 shares of the business’s stock in a transaction that occurred on Thursday, January 28th. The shares were sold at an average price of $239.60, for a total value of $4,398,576.80. Following the completion of the sale, the executive vice president now owns 593,915 shares of the company’s stock, valued at approximately $142,302,034. The disclosure for this sale can be found here. 0.05% of the stock is currently owned by insiders.

MSFT stock opened at $255.85 on Friday. The business has a 50 day moving average price of $236.15 and a 200 day moving average price of $223.43. The stock has a market cap of $1.93 trillion, a price-to-earnings ratio of 41.33, a PEG ratio of 2.44 and a beta of 0.83. Microsoft Co. has a fifty-two week low of $162.30 and a fifty-two week high of $255.99. The company has a quick ratio of 2.49, a current ratio of 2.53 and a debt-to-equity ratio of 0.46.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Monday, January 25th. The software giant reported $2.03 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.64 by $0.39. Microsoft had a return on equity of 40.74% and a net margin of 32.28%. The company had revenue of $43.08 billion during the quarter, compared to analysts’ expectations of $40.23 billion. During the same quarter in the previous year, the business earned $1.51 earnings per share. The firm’s revenue for the quarter was up 16.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Microsoft Co. will post 6.73 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 10th. Shareholders of record on Thursday, May 20th will be paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date is Wednesday, May 19th. Microsoft’s dividend payout ratio is currently 38.89%.

MSFT has been the subject of a number of recent analyst reports. Argus raised their price objective on Microsoft from $235.00 to $275.00 and gave the stock a “buy” rating in a research report on Thursday, January 28th. Jefferies Financial Group set a $300.00 price objective on Microsoft and gave the stock a “buy” rating in a research report on Monday, March 15th. The Goldman Sachs Group raised Microsoft from a “buy” rating to a “conviction-buy” rating and set a $315.00 target price for the company in a research report on Monday, March 8th. Sanford C. Bernstein reaffirmed a “buy” rating and issued a $283.00 target price on shares of Microsoft in a research report on Wednesday, January 27th. Finally, Barclays lifted their target price on Microsoft from $250.00 to $269.00 and gave the company an “overweight” rating in a research report on Wednesday, January 27th. Two analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and three have issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $268.28.

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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