Bell & Brown Wealth Advisors LLC decreased its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 0.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,233 shares of the software giant’s stock after selling 84 shares during the quarter. Microsoft comprises 2.2% of Bell & Brown Wealth Advisors LLC’s holdings, making the stock its 11th biggest position. Bell & Brown Wealth Advisors LLC’s holdings in Microsoft were worth $2,643,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently modified their holdings of MSFT. LFA Lugano Financial Advisors SA increased its stake in shares of Microsoft by 274.5% in the second quarter. LFA Lugano Financial Advisors SA now owns 191 shares of the software giant’s stock worth $26,000 after acquiring an additional 140 shares during the period. Krane Funds Advisors LLC acquired a new stake in shares of Microsoft in the second quarter worth $26,000. AlphaOne Investment Services LLC acquired a new stake in shares of Microsoft in the second quarter worth $51,000. University of Texas Texas AM Investment Managment Co. increased its stake in shares of Microsoft by 48.9% in the second quarter. University of Texas Texas AM Investment Managment Co. now owns 521 shares of the software giant’s stock worth $70,000 after acquiring an additional 171 shares during the period. Finally, Gavea Investimentos Ltda acquired a new stake in shares of Microsoft in the second quarter worth $70,000. Institutional investors and hedge funds own 72.16% of the company’s stock.
MSFT opened at $139.68 on Friday. The company has a quick ratio of 2.50, a current ratio of 2.53 and a debt-to-equity ratio of 0.71. The company has a market cap of $1,066.51 billion, a price-to-earnings ratio of 29.41, a PEG ratio of 2.35 and a beta of 1.22. Microsoft Co. has a 52-week low of $93.96 and a 52-week high of $142.37. The firm’s fifty day simple moving average is $137.45 and its two-hundred day simple moving average is $132.03.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 1.46%. This is an increase from Microsoft’s previous quarterly dividend of $0.46. The ex-dividend date is Wednesday, November 20th. Microsoft’s dividend payout ratio (DPR) is presently 38.74%.
Microsoft declared that its board has authorized a stock buyback program on Wednesday, September 18th that allows the company to repurchase $40.00 billion in outstanding shares. This repurchase authorization allows the software giant to repurchase up to 3.8% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.
A number of research firms have recently weighed in on MSFT. Credit Suisse Group set a $155.00 price objective on shares of Microsoft and gave the stock a “buy” rating in a research note on Wednesday, September 4th. Wedbush restated an “outperform” rating on shares of Microsoft in a research report on Thursday, August 29th. Canaccord Genuity raised their price target on shares of Microsoft from $145.00 to $155.00 and gave the company a “buy” rating in a research report on Friday, July 19th. Raymond James raised their price target on shares of Microsoft from $160.00 to $163.00 and gave the company a “strong-buy” rating in a research report on Friday, July 19th. Finally, KeyCorp restated a “buy” rating and set a $155.00 price target on shares of Microsoft in a research report on Thursday, August 29th. Three analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $151.52.
In other Microsoft news, insider Frank H. Brod sold 4,000 shares of the stock in a transaction on Monday, July 29th. The shares were sold at an average price of $141.05, for a total transaction of $564,200.00. Following the transaction, the insider now directly owns 64,152 shares of the company’s stock, valued at $9,048,639.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CMO Christopher C. Capossela sold 3,372 shares of the stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $138.06, for a total transaction of $465,538.32. Following the transaction, the chief marketing officer now directly owns 136,623 shares in the company, valued at $18,862,171.38. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 318,757 shares of company stock worth $43,735,918. Insiders own 1.38% of the company’s stock.
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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