Microsoft Co. (NASDAQ:MSFT) is Avenir Corp’s 2nd Largest Position

Avenir Corp decreased its position in Microsoft Co. (NASDAQ:MSFT) by 0.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 550,956 shares of the software giant’s stock after selling 525 shares during the period. Microsoft comprises 11.9% of Avenir Corp’s investment portfolio, making the stock its 2nd biggest position. Avenir Corp’s holdings in Microsoft were worth $149,254,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MSFT. Palisades Hudson Asset Management L.P. increased its stake in Microsoft by 0.3% during the 2nd quarter. Palisades Hudson Asset Management L.P. now owns 10,735 shares of the software giant’s stock worth $2,908,000 after buying an additional 36 shares during the period. Family Firm Inc. increased its stake in Microsoft by 1.2% during the 2nd quarter. Family Firm Inc. now owns 3,153 shares of the software giant’s stock worth $854,000 after buying an additional 38 shares during the period. Hudock Inc. increased its position in shares of Microsoft by 0.3% in the 2nd quarter. Hudock Inc. now owns 12,123 shares of the software giant’s stock valued at $3,284,000 after purchasing an additional 38 shares during the last quarter. Well Done LLC increased its position in shares of Microsoft by 0.4% in the 2nd quarter. Well Done LLC now owns 11,014 shares of the software giant’s stock valued at $2,984,000 after purchasing an additional 39 shares during the last quarter. Finally, Orion Capital Management LLC increased its position in shares of Microsoft by 0.3% in the 2nd quarter. Orion Capital Management LLC now owns 13,235 shares of the software giant’s stock valued at $3,585,000 after purchasing an additional 40 shares during the last quarter. 69.17% of the stock is owned by institutional investors.

MSFT has been the topic of a number of recent analyst reports. Royal Bank of Canada reissued a “buy” rating and issued a $360.00 price objective on shares of Microsoft in a research report on Monday, August 23rd. Cowen increased their target price on shares of Microsoft from $310.00 to $320.00 and gave the company an “outperform” rating in a research report on Wednesday, July 28th. KeyCorp increased their target price on shares of Microsoft from $305.00 to $330.00 and gave the company an “overweight” rating in a research report on Thursday, July 22nd. The Goldman Sachs Group set a $340.00 target price on shares of Microsoft in a research report on Wednesday, July 28th. Finally, Fundamental Research increased their target price on shares of Microsoft from $256.70 to $281.78 and gave the company a “hold” rating in a research report on Wednesday, October 6th. One analyst has rated the stock with a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Microsoft currently has a consensus rating of “Buy” and a consensus target price of $324.84.

In other Microsoft news, CMO Christopher C. Capossela sold 10,000 shares of the firm’s stock in a transaction dated Friday, September 10th. The shares were sold at an average price of $298.82, for a total transaction of $2,988,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Satya Nadella sold 75,573 shares of the firm’s stock in a transaction dated Wednesday, September 1st. The shares were sold at an average price of $303.28, for a total transaction of $22,919,779.44. Following the transaction, the chief executive officer now owns 1,632,350 shares of the company’s stock, valued at $495,059,108. The disclosure for this sale can be found here. Insiders sold 165,573 shares of company stock valued at $50,066,379 in the last quarter. Company insiders own 0.05% of the company’s stock.

Shares of NASDAQ MSFT opened at $296.31 on Thursday. The company has a quick ratio of 2.05, a current ratio of 2.08 and a debt-to-equity ratio of 0.35. Microsoft Co. has a 52 week low of $199.62 and a 52 week high of $305.84. The firm has a 50-day moving average price of $295.58 and a 200 day moving average price of $272.97. The stock has a market capitalization of $2.23 trillion, a price-to-earnings ratio of 36.81, a price-to-earnings-growth ratio of 3.10 and a beta of 0.78.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Monday, July 26th. The software giant reported $2.17 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.92 by $0.25. Microsoft had a net margin of 36.45% and a return on equity of 45.76%. The firm had revenue of $46.15 billion during the quarter, compared to analysts’ expectations of $44.30 billion. During the same quarter last year, the business earned $1.46 earnings per share. The business’s revenue for the quarter was up 21.3% compared to the same quarter last year. Equities research analysts expect that Microsoft Co. will post 8.61 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 9th. Investors of record on Thursday, November 18th will be paid a $0.62 dividend. This is a boost from Microsoft’s previous quarterly dividend of $0.56. The ex-dividend date of this dividend is Wednesday, November 17th. This represents a $2.48 annualized dividend and a dividend yield of 0.84%. Microsoft’s dividend payout ratio (DPR) is 28.11%.

Microsoft announced that its Board of Directors has approved a share repurchase program on Tuesday, September 14th that permits the company to buyback $60.00 billion in shares. This buyback authorization permits the software giant to purchase up to 2.7% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.

About Microsoft

Microsoft Corp. engages in the development and support of software, services, devices, and solutions. It operates through the following business segments: Productivity and Business Processes; Intelligent Cloud; and More Personal Computing. The Productivity and Business Processes segment comprises products and services in the portfolio of productivity, communication, and information services of the company spanning a variety of devices and platform.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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