Buffington Mohr McNeal grew its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 2.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,611 shares of the software giant’s stock after acquiring an additional 1,957 shares during the period. Microsoft comprises approximately 2.9% of Buffington Mohr McNeal’s holdings, making the stock its 7th biggest position. Buffington Mohr McNeal’s holdings in Microsoft were worth $7,752,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the business. Hemenway Trust Co LLC lifted its position in shares of Microsoft by 0.8% in the 2nd quarter. Hemenway Trust Co LLC now owns 125,072 shares of the software giant’s stock worth $12,333,000 after buying an additional 1,008 shares during the last quarter. Broderick Brian C lifted its position in shares of Microsoft by 7.3% in the 2nd quarter. Broderick Brian C now owns 56,747 shares of the software giant’s stock worth $5,596,000 after buying an additional 3,873 shares during the last quarter. BP PLC lifted its position in shares of Microsoft by 5.2% in the 2nd quarter. BP PLC now owns 950,000 shares of the software giant’s stock worth $93,680,000 after buying an additional 47,000 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Microsoft by 12.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 31,168,526 shares of the software giant’s stock worth $3,073,529,000 after buying an additional 3,328,581 shares during the last quarter. Finally, Trustcore Financial Services LLC lifted its position in shares of Microsoft by 16.3% in the 2nd quarter. Trustcore Financial Services LLC now owns 23,544 shares of the software giant’s stock worth $2,322,000 after buying an additional 3,293 shares during the last quarter. 71.85% of the stock is owned by institutional investors.

A number of research analysts have recently issued reports on MSFT shares. Griffin Securities raised their price target on shares of Microsoft from $119.00 to $124.00 and gave the stock a “buy” rating in a research report on Friday, July 20th. Deutsche Bank raised their price target on shares of Microsoft to $130.00 and gave the stock a “buy” rating in a research report on Friday, July 20th. Credit Suisse Group set a $125.00 price target on shares of Microsoft and gave the stock a “buy” rating in a research report on Wednesday, September 19th. DZ Bank restated a “buy” rating on shares of Microsoft in a research report on Thursday, October 18th. Finally, Zacks Investment Research upgraded shares of Microsoft from a “hold” rating to a “buy” rating and set a $121.00 price objective on the stock in a research report on Tuesday, July 24th. One research analyst has rated the stock with a sell rating, two have given a hold rating, thirty-three have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $121.88.

Microsoft stock opened at $107.28 on Friday. The stock has a market cap of $822.88 billion, a price-to-earnings ratio of 27.65, a P/E/G ratio of 1.95 and a beta of 1.26. 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 Co. has a 52 week low of $80.70 and a 52 week high of $116.18.

Microsoft (NASDAQ:MSFT) last released its earnings results on Wednesday, October 24th. The software giant reported $1.14 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.18. The firm had revenue of $29.08 billion for the quarter, compared to analysts’ expectations of $27.92 billion. Microsoft had a net margin of 16.38% and a return on equity of 39.86%. Microsoft’s quarterly revenue was up 18.5% on a year-over-year basis. During the same quarter last year, the company earned $0.84 EPS. As a group, research analysts forecast that Microsoft Co. will post 4.39 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 13th. Shareholders of record on Thursday, November 15th will be paid a dividend of $0.46 per share. This is a boost from Microsoft’s previous quarterly dividend of $0.42. The ex-dividend date is Wednesday, November 14th. This represents a $1.84 annualized dividend and a yield of 1.72%. Microsoft’s dividend payout ratio (DPR) is presently 43.30%.

In other Microsoft news, EVP Kathleen T. Hogan sold 40,000 shares of the firm’s stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $111.31, for a total transaction of $4,452,400.00. Following the transaction, the executive vice president now owns 339,972 shares of the company’s stock, valued at approximately $37,842,283.32. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Satya Nadella sold 203,418 shares of the firm’s stock in a transaction dated Friday, October 26th. The shares were sold at an average price of $106.68, for a total transaction of $21,700,632.24. Following the transaction, the chief executive officer now directly owns 1,014,247 shares in the company, valued at approximately $108,199,869.96. The disclosure for this sale can be found here. In the last three months, insiders have sold 479,080 shares of company stock worth $52,100,893. 1.38% of the stock is owned by corporate insiders.

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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 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.

See Also: Earnings Per Share (EPS)

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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