Advisor Group Inc. Grows Stake in Microsoft Co. (MSFT)
Advisor Group Inc. lifted its position in shares of Microsoft Co. (NASDAQ:MSFT) by 6.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 455,630 shares of the software giant’s stock after purchasing an additional 28,299 shares during the period. Microsoft comprises 0.5% of Advisor Group Inc.’s investment portfolio, making the stock its 27th largest holding. Advisor Group Inc.’s holdings in Microsoft were worth $33,950,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in the company. Acrospire Investment Management LLC boosted its holdings in shares of Microsoft by 300.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,600 shares of the software giant’s stock worth $110,000 after buying an additional 1,200 shares in the last quarter. Stelac Advisory Services LLC boosted its holdings in shares of Microsoft by 23.5% during the 2nd quarter. Stelac Advisory Services LLC now owns 2,033 shares of the software giant’s stock worth $140,000 after buying an additional 387 shares in the last quarter. Pacific Center for Financial Services boosted its holdings in shares of Microsoft by 3.0% during the 2nd quarter. Pacific Center for Financial Services now owns 2,572 shares of the software giant’s stock worth $177,000 after buying an additional 75 shares in the last quarter. AlphaMark Advisors LLC boosted its holdings in shares of Microsoft by 1.1% during the 2nd quarter. AlphaMark Advisors LLC now owns 2,677 shares of the software giant’s stock worth $185,000 after buying an additional 30 shares in the last quarter. Finally, Ruggie Capital Group boosted its holdings in shares of Microsoft by 1,165.9% during the 2nd quarter. Ruggie Capital Group now owns 2,823 shares of the software giant’s stock worth $195,000 after buying an additional 2,600 shares in the last quarter. Institutional investors own 73.07% of the company’s stock.
In other Microsoft news, insider Frank H. Brod sold 18,000 shares of the firm’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $83.15, for a total value of $1,496,700.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Christopher C. Capossela sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $83.44, for a total value of $333,760.00. Following the completion of the transaction, the executive vice president now owns 184,278 shares of the company’s stock, valued at approximately $15,376,156.32. The disclosure for this sale can be found here. 1.49% of the stock is currently owned by corporate insiders.
Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Wednesday, January 31st. The software giant reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.09. The company had revenue of $28.92 billion during the quarter, compared to the consensus estimate of $28.42 billion. Microsoft had a return on equity of 35.41% and a net margin of 11.72%. The firm’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.83 EPS. research analysts forecast that Microsoft Co. will post 3.62 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, February 15th will be paid a dividend of $0.42 per share. The ex-dividend date is Wednesday, February 14th. This represents a $1.68 annualized dividend and a dividend yield of 1.87%. Microsoft’s payout ratio is 114.29%.
A number of equities analysts have issued reports on the company. Sanford C. Bernstein restated an “outperform” rating and set a $118.00 price target (up from $109.00) on shares of Microsoft in a report on Thursday, February 1st. UBS Group set a $110.00 price target on Microsoft and gave the stock a “buy” rating in a report on Thursday, February 1st. Macquarie set a $95.00 price target on Microsoft and gave the stock a “neutral” rating in a report on Thursday, February 1st. Jefferies Group set a $62.00 price target on Microsoft and gave the stock a “sell” rating in a report on Thursday, February 1st. Finally, Morgan Stanley increased their price target on Microsoft from $100.00 to $110.00 and gave the stock an “overweight” rating in a report on Thursday, February 1st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the stock. Microsoft has a consensus rating of “Buy” and a consensus price target of $99.14.
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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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