Manchester Financial Inc. raised its holdings in Microsoft Co. (NASDAQ:MSFT) by 3.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,402 shares of the software giant’s stock after purchasing an additional 201 shares during the quarter. Microsoft comprises approximately 0.4% of Manchester Financial Inc.’s portfolio, making the stock its 28th largest holding. Manchester Financial Inc.’s holdings in Microsoft were worth $890,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of MSFT. LFA Lugano Financial Advisors SA increased its stake in shares of Microsoft by 274.5% during 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 position in shares of Microsoft during the second quarter worth about $26,000. AlphaOne Investment Services LLC acquired a new position in shares of Microsoft during the second quarter worth about $51,000. University of Texas Texas AM Investment Managment Co. increased its stake in shares of Microsoft by 48.9% during 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 position in shares of Microsoft during the second quarter worth about $70,000. Institutional investors own 72.16% of the company’s stock.
Shares of NASDAQ MSFT opened at $139.68 on Friday. Microsoft Co. has a 12-month low of $93.96 and a 12-month high of $142.37. The company has a market capitalization of $1,066.51 billion, a PE ratio of 29.41, a price-to-earnings-growth ratio of 2.22 and a beta of 1.22. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.53 and a quick ratio of 2.50. The firm’s 50-day moving average is $137.45 and its two-hundred day moving average is $132.03.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be issued a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 1.46%. The ex-dividend date of this dividend is Wednesday, November 20th. This is an increase from Microsoft’s previous quarterly dividend of $0.46. Microsoft’s dividend payout ratio is 38.74%.
Microsoft announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, September 18th that allows the company to repurchase $40.00 billion in outstanding shares. This repurchase authorization allows the software giant to buy up to 3.8% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.
A number of brokerages have recently issued reports on MSFT. Credit Suisse Group set a $155.00 price target on shares of Microsoft and gave the stock a “buy” rating in a research note on Wednesday, September 4th. Mizuho set a $152.00 price target on shares of Microsoft and gave the stock a “buy” rating in a research note on Friday, September 6th. Macquarie boosted their price target on shares of Microsoft from $150.00 to $160.00 and gave the stock an “outperform” rating in a research note on Friday, July 19th. Oppenheimer boosted their price objective on shares of Microsoft from $145.00 to $160.00 and gave the stock an “outperform” rating in a report on Friday, July 19th. Finally, Wells Fargo & Co set a $160.00 price objective on shares of Microsoft and gave the stock a “buy” rating in a report on Friday, July 19th. Three investment analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $151.52.
In other Microsoft news, CMO Christopher C. Capossela sold 3,372 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $138.06, for a total value of $465,538.32. Following the sale, the chief marketing officer now owns 136,623 shares of the company’s stock, valued at $18,862,171.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Amy Hood sold 123,769 shares of the company’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $137.26, for a total transaction of $16,988,532.94. Following the completion of the sale, the chief financial officer now directly owns 433,940 shares in the company, valued at approximately $59,562,604.40. The disclosure for this sale can be found here. Insiders sold 318,757 shares of company stock worth $43,735,918 in the last ninety days. Insiders own 1.38% of the company’s stock.
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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