Microsoft Co. (NASDAQ:MSFT) Stock Holdings Lifted by Steamboat Capital Partners LLC
Steamboat Capital Partners LLC grew its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 12.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 92,093 shares of the software giant’s stock after acquiring an additional 10,392 shares during the period. Microsoft comprises about 4.1% of Steamboat Capital Partners LLC’s portfolio, making the stock its 12th largest holding. Steamboat Capital Partners LLC’s holdings in Microsoft were worth $14,523,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in MSFT. ERTS Wealth Advisors LLC raised its holdings in shares of Microsoft by 0.6% during the 4th quarter. ERTS Wealth Advisors LLC now owns 9,398 shares of the software giant’s stock valued at $955,000 after purchasing an additional 58 shares in the last quarter. Arvest Bank Trust Division raised its holdings in Microsoft by 0.7% during the fourth quarter. Arvest Bank Trust Division now owns 8,556 shares of the software giant’s stock valued at $1,349,000 after buying an additional 62 shares in the last quarter. Winthrop Advisory Group LLC raised its holdings in Microsoft by 0.5% during the fourth quarter. Winthrop Advisory Group LLC now owns 14,340 shares of the software giant’s stock valued at $2,261,000 after buying an additional 67 shares in the last quarter. Colorado Capital Management Inc. lifted its position in shares of Microsoft by 2.2% in the fourth quarter. Colorado Capital Management Inc. now owns 3,163 shares of the software giant’s stock worth $499,000 after buying an additional 67 shares during the last quarter. Finally, Ocean Capital Management LLC lifted its position in shares of Microsoft by 0.8% in the fourth quarter. Ocean Capital Management LLC now owns 9,074 shares of the software giant’s stock worth $1,779,000 after buying an additional 68 shares during the last quarter. 72.34% of the stock is owned by institutional investors and hedge funds.
Shares of NASDAQ:MSFT traded down $1.42 on Wednesday, hitting $146.92. 75,541,516 shares of the company were exchanged, compared to its average volume of 48,221,152. The company’s 50 day moving average price is $167.14 and its two-hundred day moving average price is $153.81. The firm has a market capitalization of $1,166.24 billion, a price-to-earnings ratio of 25.60, a PEG ratio of 1.87 and a beta of 1.11. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.77 and a current ratio of 2.80. Microsoft Co. has a one year low of $115.52 and a one year high of $190.70.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Thursday, May 21st will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.39%. The ex-dividend date of this dividend is Wednesday, May 20th. Microsoft’s payout ratio is presently 42.95%.
In other news, EVP Jean Philippe Courtois sold 18,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $179.55, for a total transaction of $3,231,900.00. Following the sale, the executive vice president now directly owns 582,510 shares in the company, valued at $104,589,670.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.39% of the stock is currently owned by company insiders.
MSFT has been the topic of a number of analyst reports. Credit Suisse Group reissued a “buy” rating and set a $190.00 price objective on shares of Microsoft in a report on Monday, March 16th. Wells Fargo & Co upped their target price on Microsoft from $185.00 to $205.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Evercore ISI reiterated a “buy” rating and set a $170.00 price target on shares of Microsoft in a report on Monday, December 16th. Barclays reissued a “buy” rating and issued a $190.00 price target on shares of Microsoft in a research report on Thursday, January 30th. Finally, Stifel Nicolaus boosted their price objective on shares of Microsoft from $175.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Two research analysts have rated the stock with a hold rating, thirty-two have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $185.13.
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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