Microsoft Co. (MSFT) Stake Boosted by Merriman Wealth Management LLC
Merriman Wealth Management LLC grew its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 6.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 677,127 shares of the software giant’s stock after acquiring an additional 39,793 shares during the quarter. Microsoft comprises approximately 12.0% of Merriman Wealth Management LLC’s portfolio, making the stock its biggest position. Merriman Wealth Management LLC’s holdings in Microsoft were worth $50,439,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors also recently modified their holdings of MSFT. Capital Research Global Investors increased its holdings in Microsoft by 212.3% in the 2nd quarter. Capital Research Global Investors now owns 69,663,044 shares of the software giant’s stock worth $4,801,874,000 after buying an additional 47,353,245 shares in the last quarter. Janus Henderson Group PLC increased its holdings in Microsoft by 609.4% in the 2nd quarter. Janus Henderson Group PLC now owns 49,174,883 shares of the software giant’s stock worth $3,389,625,000 after buying an additional 42,243,011 shares in the last quarter. Vanguard Group Inc. increased its holdings in Microsoft by 4.6% in the 2nd quarter. Vanguard Group Inc. now owns 564,052,011 shares of the software giant’s stock worth $38,880,105,000 after buying an additional 25,053,413 shares in the last quarter. Tiger Global Management LLC increased its holdings in Microsoft by 395.2% in the 2nd quarter. Tiger Global Management LLC now owns 10,487,500 shares of the software giant’s stock worth $722,903,000 after buying an additional 8,369,500 shares in the last quarter. Finally, Parametric Portfolio Associates LLC grew its stake in shares of Microsoft by 32.5% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 19,139,433 shares of the software giant’s stock valued at $1,319,271,000 after purchasing an additional 4,699,588 shares during the period. Hedge funds and other institutional investors own 73.15% of the company’s stock.
A number of equities research analysts have issued reports on MSFT shares. Vetr downgraded Microsoft from a “buy” rating to a “hold” rating and set a $76.10 price target for the company. in a research note on Wednesday, August 30th. Credit Suisse Group restated an “outperform” rating on shares of Microsoft in a research note on Thursday, August 31st. ValuEngine upgraded Microsoft from a “hold” rating to a “buy” rating in a research note on Wednesday, September 6th. Moffett Nathanson started coverage on Microsoft in a research note on Wednesday, September 6th. They set a “neutral” rating and a $81.00 price target for the company. Finally, Oppenheimer restated a “buy” rating and set a $80.00 price target on shares of Microsoft in a research note on Thursday, September 7th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and thirty have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $85.82.
Microsoft Co. (NASDAQ:MSFT) opened at $85.51 on Tuesday. The firm has a market capitalization of $659,670.00, a P/E ratio of 28.89, a PEG ratio of 1.99 and a beta of 0.99. The company has a current ratio of 3.12, a quick ratio of 3.06 and a debt-to-equity ratio of 0.91. Microsoft Co. has a 12-month low of $61.95 and a 12-month high of $87.50.
Microsoft (NASDAQ:MSFT) last released its earnings results on Thursday, October 26th. The software giant reported $0.84 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.12. The firm had revenue of $24.50 billion for the quarter, compared to the consensus estimate of $23.57 billion. Microsoft had a return on equity of 35.23% and a net margin of 24.56%. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.76 EPS. analysts forecast that Microsoft Co. will post 3.38 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, February 15th will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 1.96%. The ex-dividend date is Wednesday, February 14th. Microsoft’s dividend payout ratio is currently 56.76%.
In other Microsoft news, EVP Christopher C. Capossela sold 4,000 shares of the company’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $83.48, for a total value of $333,920.00. Following the transaction, the executive vice president now owns 185,278 shares of the company’s stock, valued at approximately $15,467,007.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Frank H. Brod sold 15,000 shares of the company’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $84.08, for a total value of $1,261,200.00. Following the completion of the transaction, the insider now directly owns 116,205 shares in the company, valued at approximately $9,770,516.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 45,000 shares of company stock worth $3,759,420. Corporate insiders own 1.49% of the company’s stock.
Microsoft Corporation is a technology company. The Company develops, licenses, and supports a range of software products, services and devices. The Company’s segments include Productivity and Business Processes, Intelligent Cloud and More Personal Computing. The Company’s products include operating systems; cross-device productivity applications; server applications; business solution applications; desktop and server management tools; software development tools; video games, and training and certification of computer system integrators and developers.
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