JMG Financial Group Ltd. bought a new position in shares of Microsoft Co. (NASDAQ:MSFT) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,410 shares of the software giant’s stock, valued at approximately $222,000.
Several other large investors have also modified their holdings of MSFT. Selective Wealth Management Inc. bought a new position in shares of Microsoft during the third quarter worth about $36,000. Atwater Malick LLC bought a new position in shares of Microsoft during the third quarter worth about $37,000. University of Texas Texas AM Investment Managment Co. grew its position 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 last quarter. Virtus ETF Advisers LLC bought a new position in shares of Microsoft during the second quarter worth about $77,000. Finally, Ogorek Anthony Joseph NY ADV grew its position in shares of Microsoft by 69.1% during the fourth quarter. Ogorek Anthony Joseph NY ADV now owns 531 shares of the software giant’s stock worth $83,000 after acquiring an additional 217 shares during the last quarter. 71.86% of the stock is currently owned by institutional investors.
In other Microsoft news, CMO Christopher C. Capossela sold 2,500 shares of the company’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $142.89, for a total value of $357,225.00. Following the completion of the sale, the chief marketing officer now directly owns 133,944 shares of the company’s stock, valued at approximately $19,139,258.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Margaret L. Johnson sold 35,000 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $150.01, for a total transaction of $5,250,350.00. Following the completion of the sale, the executive vice president now directly owns 62,423 shares of the company’s stock, valued at $9,364,074.23. The disclosure for this sale can be found here. Insiders sold a total of 53,845 shares of company stock valued at $7,974,356 over the last three months. 1.39% of the stock is owned by corporate insiders.
Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Wednesday, October 23rd. The software giant reported $1.38 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.24 by $0.14. Microsoft had a net margin of 31.66% and a return on equity of 39.14%. The company had revenue of $33.06 billion during the quarter, compared to the consensus estimate of $32.24 billion. During the same period in the prior year, the company earned $1.14 EPS. Microsoft’s revenue was up 13.7% on a year-over-year basis. As a group, research analysts predict that Microsoft Co. will post 5.36 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Shareholders of record on Thursday, February 20th will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date is Wednesday, February 19th. Microsoft’s payout ratio is 42.95%.
MSFT has been the subject of several recent research reports. Piper Jaffray Companies restated an “overweight” rating and set a $158.00 price target on shares of Microsoft in a research report on Friday, October 25th. Goldman Sachs Group restated a “buy” rating and set a $151.00 price target on shares of Microsoft in a research report on Wednesday, October 23rd. BMO Capital Markets upped their price target on shares of Microsoft from $160.00 to $165.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Stifel Nicolaus increased their target price on shares of Microsoft from to in a research report on Tuesday. Finally, ValuEngine lowered shares of Microsoft from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. One analyst has rated the stock with a hold rating, thirty-three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $168.80.
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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