Verity & Verity LLC lessened its stake in Microsoft Co. (NASDAQ:MSFT) by 3.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 105,628 shares of the software giant’s stock after selling 3,823 shares during the quarter. Microsoft accounts for 2.9% of Verity & Verity LLC’s investment portfolio, making the stock its largest position. Verity & Verity LLC’s holdings in Microsoft were worth $12,081,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently made changes to their positions in MSFT. Peak Capital Management LLC acquired a new stake in shares of Microsoft during the 2nd quarter worth about $107,000. Quattro Financial Advisors LLC acquired a new stake in shares of Microsoft during the 3rd quarter worth about $132,000. WP Advisors LLC acquired a new stake in shares of Microsoft during the 2nd quarter worth about $131,000. Live Your Vision LLC boosted its stake in shares of Microsoft by 58.7% during the 2nd quarter. Live Your Vision LLC now owns 1,376 shares of the software giant’s stock worth $140,000 after purchasing an additional 509 shares during the last quarter. Finally, LFA Lugano Financial Advisors SA acquired a new stake in shares of Microsoft during the 2nd quarter worth about $139,000. Institutional investors and hedge funds own 71.64% of the company’s stock.
MSFT opened at $102.80 on Friday. The company has a market cap of $802.86 billion, a PE ratio of 26.49, a PEG ratio of 1.89 and a beta of 1.24. Microsoft Co. has a 52-week low of $83.83 and a 52-week high of $116.18. The company has a debt-to-equity ratio of 0.88, a quick ratio of 2.85 and a current ratio of 2.92.
Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Wednesday, October 24th. The software giant reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.18. The company had revenue of $29.08 billion for the quarter, compared to analyst estimates of $27.92 billion. Microsoft had a net margin of 16.38% and a return on equity of 39.86%. The business’s quarterly revenue was up 18.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.84 earnings per share. Equities research analysts predict that Microsoft Co. will post 4.43 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 14th. Stockholders of record on Thursday, February 21st will be paid a dividend of $0.46 per share. The ex-dividend date is Wednesday, February 20th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.79%. Microsoft’s dividend payout ratio is currently 47.42%.
Several equities research analysts recently issued reports on MSFT shares. Oppenheimer reissued a “buy” rating and issued a $127.00 target price on shares of Microsoft in a research report on Monday, September 24th. Macquarie raised shares of Microsoft from a “neutral” rating to an “outperform” rating and set a $121.00 target price on the stock in a research report on Friday, October 12th. Jefferies Financial Group reissued a “sell” rating and issued a $75.00 target price on shares of Microsoft in a research report on Monday, November 19th. Credit Suisse Group reissued a “buy” rating on shares of Microsoft in a research report on Wednesday, January 2nd. Finally, reissued a “buy” rating and issued a $127.00 target price on shares of Microsoft in a research report on Tuesday, October 23rd. One analyst has rated the stock with a sell rating, two have given a hold rating, thirty-three have given a buy rating and two have 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 $121.88.
In related news, CEO Satya Nadella sold 203,418 shares of Microsoft stock in a transaction on Friday, October 26th. The shares were sold at an average price of $106.68, for a total value of $21,700,632.24. Following the completion of the sale, the chief executive officer now owns 1,014,247 shares in the company, valued at $108,199,869.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Kathleen T. Hogan sold 36,500 shares of Microsoft stock in a transaction on Thursday, November 8th. The stock was sold at an average price of $111.28, for a total transaction of $4,061,720.00. Following the completion of the sale, the executive vice president now owns 226,801 shares of the company’s stock, valued at approximately $25,238,415.28. The disclosure for this sale can be found here. Insiders have sold 279,918 shares of company stock worth $30,102,412 in the last quarter. Insiders own 1.38% of the company’s stock.
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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 for businesses, 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.
Further Reading: Price to Earnings Ratio (PE) Basics
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