Microsoft Co. (NASDAQ:MSFT) Stock Position Boosted by Naples Global Advisors LLC

Naples Global Advisors LLC grew its position in Microsoft Co. (NASDAQ:MSFT) by 1.4% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 72,373 shares of the software giant’s stock after buying an additional 1,031 shares during the quarter. Microsoft makes up about 2.7% of Naples Global Advisors LLC’s portfolio, making the stock its 2nd largest holding. Naples Global Advisors LLC’s holdings in Microsoft were worth $19,606,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Family Firm Inc. lifted its holdings in Microsoft by 1.2% in the second quarter. Family Firm Inc. now owns 3,153 shares of the software giant’s stock worth $854,000 after acquiring an additional 38 shares during the last quarter. Well Done LLC lifted its holdings in Microsoft by 0.4% in the second quarter. Well Done LLC now owns 11,014 shares of the software giant’s stock worth $2,984,000 after acquiring an additional 39 shares during the last quarter. Kohmann Bosshard Financial Services LLC lifted its holdings in Microsoft by 1.0% in the second quarter. Kohmann Bosshard Financial Services LLC now owns 4,099 shares of the software giant’s stock worth $1,110,000 after acquiring an additional 41 shares during the last quarter. Rovin Capital UT ADV lifted its holdings in Microsoft by 2.2% in the second quarter. Rovin Capital UT ADV now owns 1,926 shares of the software giant’s stock worth $522,000 after acquiring an additional 41 shares during the last quarter. Finally, Financial Enhancement Group LLC lifted its holdings in Microsoft by 1.7% in the first quarter. Financial Enhancement Group LLC now owns 2,543 shares of the software giant’s stock worth $600,000 after acquiring an additional 42 shares during the last quarter. Hedge funds and other institutional investors own 69.17% of the company’s stock.

A number of equities research analysts have recently weighed in on MSFT shares. Fundamental Research lifted their price target on Microsoft from $256.70 to $281.78 and gave the company a “hold” rating in a report on Sunday, August 29th. Stifel Nicolaus lifted their price target on Microsoft from $305.00 to $325.00 and gave the company a “buy” rating in a report on Wednesday, July 28th. KeyCorp lifted their price target on Microsoft from $305.00 to $330.00 and gave the company an “overweight” rating in a report on Thursday, July 22nd. Rosenblatt Securities lifted their price target on shares of Microsoft from $333.00 to $349.00 and gave the stock a “buy” rating in a research report on Wednesday, July 28th. Finally, Bank of America lifted their price target on shares of Microsoft from $325.00 to $340.00 and gave the stock a “buy” rating in a research report on Wednesday, July 28th. Two research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $322.93.

In other news, EVP Kathleen T. Hogan sold 20,000 shares of the business’s stock in a transaction dated Friday, September 10th. The shares were sold at an average price of $298.68, for a total transaction of $5,973,600.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Satya Nadella sold 75,573 shares of the business’s stock in a transaction dated Wednesday, September 1st. The stock was sold at an average price of $303.28, for a total transaction of $22,919,779.44. Following the transaction, the chief executive officer now owns 1,632,350 shares in the company, valued at approximately $495,059,108. The disclosure for this sale can be found here. In the last three months, insiders have sold 165,573 shares of company stock valued at $50,066,379. Company insiders own 0.05% of the company’s stock.

MSFT stock opened at $299.79 on Wednesday. The company has a current ratio of 2.08, a quick ratio of 2.05 and a debt-to-equity ratio of 0.35. Microsoft Co. has a 1 year low of $196.25 and a 1 year high of $305.84. The company has a fifty day simple moving average of $291.10 and a 200 day simple moving average of $264.36. The firm has a market cap of $2.25 trillion, a PE ratio of 37.24, a PEG ratio of 3.10 and a beta of 0.78.

Microsoft (NASDAQ:MSFT) last released its earnings results on Monday, July 26th. The software giant reported $2.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.92 by $0.25. The firm had revenue of $46.15 billion during the quarter, compared to analyst estimates of $44.30 billion. Microsoft had a net margin of 36.45% and a return on equity of 45.76%. The business’s revenue was up 21.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.46 EPS. As a group, analysts forecast that Microsoft Co. will post 8.61 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 9th. Shareholders of record on Thursday, November 18th will be given a dividend of $0.62 per share. This is a positive change from Microsoft’s previous quarterly dividend of $0.56. This represents a $2.48 dividend on an annualized basis and a yield of 0.83%. Microsoft’s payout ratio is currently 28.11%.

About Microsoft

Microsoft Corp. engages in the development and support of software, services, devices, and solutions. It operates through the following business segments: Productivity and Business Processes; Intelligent Cloud; and More Personal Computing. The Productivity and Business Processes segment comprises products and services in the portfolio of productivity, communication, and information services of the company spanning a variety of devices and platform.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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