Dearborn Partners LLC grew its position in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 1.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 269,086 shares of the software giant’s stock after acquiring an additional 4,431 shares during the quarter. Microsoft accounts for approximately 2.7% of Dearborn Partners LLC’s portfolio, making the stock its 6th largest holding. Dearborn Partners LLC’s holdings in Microsoft were worth $62,670,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of MSFT. Aaron Wealth Advisors LLC raised its stake in shares of Microsoft by 35,465.9% during the 1st quarter. Aaron Wealth Advisors LLC now owns 20,611,140 shares of the software giant’s stock worth $66,852,000 after purchasing an additional 20,553,188 shares during the period. Vanguard Group Inc. raised its stake in shares of Microsoft by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 634,238,715 shares of the software giant’s stock worth $147,714,197,000 after purchasing an additional 6,129,708 shares during the period. Bishop Rock Capital L.P. raised its stake in shares of Microsoft by 11,434.2% during the 2nd quarter. Bishop Rock Capital L.P. now owns 5,460,976 shares of the software giant’s stock worth $21,263,000 after purchasing an additional 5,413,630 shares during the period. Renaissance Technologies LLC bought a new stake in Microsoft in the 2nd quarter valued at about $981,125,000. Finally, Swiss National Bank raised its stake in Microsoft by 13.8% in the 1st quarter. Swiss National Bank now owns 30,893,155 shares of the software giant’s stock valued at $9,524,669,000 after acquiring an additional 3,757,500 shares during the period. 69.15% of the stock is owned by hedge funds and other institutional investors.
Microsoft Stock Performance
Shares of MSFT stock opened at $265.44 on Thursday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.89 and a current ratio of 1.93. Microsoft Co. has a fifty-two week low of $213.43 and a fifty-two week high of $315.95. The stock has a 50 day moving average price of $250.14 and a two-hundred day moving average price of $245.23. The company has a market capitalization of $1.98 trillion, a P/E ratio of 29.49, a PEG ratio of 2.28 and a beta of 0.92.
Microsoft Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 6th. Investors of record on Thursday, May 18th will be issued a dividend of $0.68 per share. The ex-dividend date of this dividend is Wednesday, May 17th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.02%. Microsoft’s dividend payout ratio is presently 30.22%.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on MSFT shares. UBS Group set a $250.00 price objective on Microsoft in a research note on Tuesday. Citigroup boosted their price objective on Microsoft from $280.00 to $282.00 and gave the company a “buy” rating in a research note on Wednesday, January 25th. Fundamental Research lowered their price objective on Microsoft from $269.73 to $259.47 and set a “buy” rating on the stock in a research note on Thursday, February 2nd. StockNews.com started coverage on Microsoft in a research note on Thursday. They issued a “hold” rating on the stock. Finally, Guggenheim cut Microsoft from a “neutral” rating to a “sell” rating and set a $212.00 price target on the stock. in a research report on Tuesday, January 17th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twenty-seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $285.58.
Insider Activity at Microsoft
In related news, CEO Satya Nadella sold 4,767 shares of the company’s stock in a transaction that occurred on Tuesday, February 28th. The stock was sold at an average price of $248.88, for a total transaction of $1,186,410.96. Following the completion of the transaction, the chief executive officer now owns 788,625 shares in the company, valued at $196,272,990. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CEO Satya Nadella sold 4,767 shares of the company’s stock in a transaction that occurred on Tuesday, February 28th. The stock was sold at an average price of $248.88, for a total transaction of $1,186,410.96. Following the completion of the transaction, the chief executive officer now owns 788,625 shares in the company, valued at $196,272,990. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CMO Christopher C. Capossela sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, February 13th. The shares were sold at an average price of $272.32, for a total value of $272,320.00. Following the transaction, the chief marketing officer now owns 116,362 shares of the company’s stock, valued at approximately $31,687,699.84. The disclosure for this sale can be found here. Insiders sold a total of 6,767 shares of company stock worth $1,728,111 over the last quarter. 0.03% of the stock is owned by corporate insiders.
Microsoft Profile
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 consists of Office Commercial (Office 365 subscriptions, the Office 365 portion of Microsoft 365 Commercial subscriptions, and Office licensed on-premises), Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, Office Consumer, including Microsoft 365 Consumer subscriptions, Office licensed on-premises, and other Office services, LinkedIn, including Talent Solutions, Marketing Solutions, Premium Subscriptions, Sales Solutions, and Learning Solutions, Dynamics business solutions, including Dynamics 365, comprising a set of intelligent, cloud-based applications across ERP, CRM, Customer Insights, Power Apps, and Power Automate, and on-premises ERP and CRM applications.
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