Microsoft Co. (NASDAQ:MSFT) Shares Bought by Iowa State Bank

Iowa State Bank increased its position in Microsoft Co. (NASDAQ:MSFT) by 11.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 73,083 shares of the software giant’s stock after buying an additional 7,412 shares during the quarter. Microsoft accounts for approximately 3.9% of Iowa State Bank’s investment portfolio, making the stock its largest position. Iowa State Bank’s holdings in Microsoft were worth $10,161,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in MSFT. New England Private Wealth Advisors LLC boosted its holdings in shares of Microsoft by 0.7% during the 2nd quarter. New England Private Wealth Advisors LLC now owns 10,520 shares of the software giant’s stock worth $1,408,000 after buying an additional 72 shares in the last quarter. Orgel Wealth Management LLC boosted its holdings in shares of Microsoft by 1.2% during the 2nd quarter. Orgel Wealth Management LLC now owns 6,492 shares of the software giant’s stock worth $870,000 after buying an additional 74 shares in the last quarter. Planning Directions Inc. boosted its holdings in shares of Microsoft by 3.2% during the 2nd quarter. Planning Directions Inc. now owns 2,418 shares of the software giant’s stock worth $324,000 after buying an additional 74 shares in the last quarter. Addison Capital Co boosted its holdings in shares of Microsoft by 0.6% during the 3rd quarter. Addison Capital Co now owns 13,332 shares of the software giant’s stock worth $1,854,000 after buying an additional 74 shares in the last quarter. Finally, Weybosset Research & Management LLC boosted its holdings in shares of Microsoft by 2.1% during the 2nd quarter. Weybosset Research & Management LLC now owns 3,625 shares of the software giant’s stock worth $486,000 after buying an additional 75 shares in the last quarter. 72.17% of the stock is owned by institutional investors.

Shares of MSFT opened at $139.94 on Friday. Microsoft Co. has a 12-month low of $93.96 and a 12-month high of $142.37. The business’s fifty day moving average is $138.18 and its 200 day moving average is $133.37. 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 stock has a market cap of $1,056.11 billion, a P/E ratio of 27.50, a P/E/G ratio of 2.22 and a beta of 1.22.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Wednesday, October 23rd. The software giant reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.14. Microsoft had a return on equity of 40.11% and a net margin of 31.66%. The business had revenue of $33.06 billion for the quarter, compared to analysts’ expectations of $32.24 billion. During the same period last year, the business earned $1.14 EPS. The business’s revenue was up 13.7% on a year-over-year basis. On average, analysts expect that Microsoft Co. will post 5.21 EPS for the current year.

Microsoft declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, September 18th that authorizes the company to buyback $40.00 billion in outstanding shares. This buyback authorization authorizes the software giant to repurchase up to 3.8% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its shares are undervalued.

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 paid a dividend of $0.51 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This is a boost from Microsoft’s previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a yield of 1.46%. Microsoft’s dividend payout ratio (DPR) is 38.74%.

In other Microsoft news, CEO Satya Nadella sold 99,837 shares of the firm’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $137.20, for a total transaction of $13,697,636.40. Following the transaction, the chief executive officer now directly owns 1,124,339 shares in the company, valued at approximately $154,259,310.80. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Frank H. Brod sold 4,000 shares of the firm’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $137.17, for a total value of $548,680.00. Following the transaction, the chief accounting officer now owns 54,306 shares in the company, valued at $7,449,154.02. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 318,757 shares of company stock worth $43,735,918. Company insiders own 1.39% of the company’s stock.

MSFT has been the topic of a number of research analyst reports. Jefferies Financial Group upgraded Microsoft from a “hold” rating to a “buy” rating and set a $160.00 price target on the stock in a report on Monday, October 7th. Wedbush restated a “positive” rating and set a $170.00 price target (up from $160.00) on shares of Microsoft in a report on Thursday. Oppenheimer increased their price target on Microsoft from $145.00 to $160.00 and gave the stock an “outperform” rating in a report on Friday, July 19th. Citigroup increased their price target on Microsoft from $152.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Deutsche Bank set a $155.00 price target on Microsoft and gave the stock a “buy” rating in a report on Wednesday, July 17th. Two analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $155.69.

Microsoft 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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