Alley Co LLC increased its position in Microsoft Co. (NASDAQ: MSFT) by 2.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund held 79,501 shares of the software giant after purchasing an additional 1,523 shares during the quarter. Microsoft accounts for around 2.8% of Alley Co LLC's portfolio, making this warehouse the sixth most important position. Holdings of Alley Co LLC at Microsoft were worth $ 9,093,000 at the end of the most recent reporting period.
Other institutional investors have recently made changes to their positions within the company. Peak Capital Management LLC acquired a new stake in Microsoft in the 2nd quarter valued at approximately $ 107,000. Woodard & Co. Asset Management Group Inc. ADV increased its position at Microsoft by 90.5% in the third quarter. Woodard & Co. Asset Management Group Inc. Inc. now owns 1,048 shares of the software giant worth $ 119,000 after the purchase of an additional 498 shares during the last quarter. WP Advisors LLC acquired a new stake in Microsoft in the second quarter valued at approximately $ 131,000. Four Financial Advisors LLC acquired a new stake in Microsoft in the third quarter valued at approximately $ 132,000. Finally, LFA Lugano Financial Advisors SA acquired a new stake in Microsoft in the 2nd quarter with a value of approximately $ 139,000. 73.81% of the capital is currently owned by institutional investors and hedge funds.
A number of research analysts have weighed on MSFT actions. Oppenheimer set a price target of $ 127.00 on Microsoft and gave the company a "buy" score on a research note on Monday, November 19th. Macquarie reiterated its "buy" rating and issued a $ 125.00 price target on Microsoft's shares in a research note on Thursday 25 October. The Credit Suisse Group set a $ 125.00 price target on Microsoft and awarded the company a "buy" score on a research note on Sunday, December 23rd. Stifel Nicolaus reiterated the "buy" rating and issued a price target of $ 120.00 on Microsoft's shares in a research note on Thursday 25 October. Finally, Nomura set a price target of $ 115.00 on Microsoft and gave the company a "buy" score on a research note on Thursday, October 25th. One equity research analyst rated the stock with a sales rating, two issued a maintenance rating, thirty issued a purchase rating and two gave a strong purchase rating to the stock. The stock currently has a "Buy" consensus rating and a consensus price target of $ 122.11.
In related news, CMO Christopher C. Capossela sold 10,000 shares of the stock in a transaction on Monday 3 December. The stock was sold at an average price of $ 111.77, for a total value of $ 1,117,700.00. Following the completion of the sale, the marketing manager now directly owns 177,931 company shares, worth approximately $ 19,887,347.87. The transaction was disclosed in a deposit with the Securities & Exchange Commission, accessible through the SEC website. Furthermore, EVP Christopher C. Capossela sold 4,000 shares of the company in a transaction on Monday 10 December. The shares were sold at an average price of $ 105.50, for a total value of $ 422,000.00. Following the completion of the sale, the executive vice president now holds 169,931 company shares for a value of $ 17,927,720.50. The disclosure for this sale can be found here. The insiders have sold a total of 285,466 company shares for a value of $ 30,325,771 in the last quarter. The 1.38% of the shares are currently owned by company insiders.
The shares of the NASDAQ MSFT were opened for $ 108.22 on Friday. The company has a rapid ratio of 3.08, a current ratio of 3.12 and a debt / equity ratio of 0.82. Microsoft Co. has a minimum of 12 months of $ 87.08 and a maximum of 12 months of $ 116.18. The company has a market capitalization of $ 833.27 billion, a PE ratio of 27.89, a price / earnings / growth ratio of 1.96 and a beta of 1.17.
The last time Microsoft (NASDAQ: MSFT) issued earnings results on Wednesday, January 30th. The software giant posted an EPS of $ 1.10 for the quarter, surpassing Thomson Reuters' consensus estimate of $ 1.09 for $ 0.01. Microsoft achieved a return on equity of 39.52% and a net margin of 28.31%. The company recorded revenue of $ 32.47 billion in the quarter, compared to a consensus estimate of $ 32.53 billion. During the same period of the previous year, the company published $ 0.46 in EPS. The company's revenue for the quarter increased by 12.3% compared to the same quarter last year. On average, research analysts expect Microsoft Co. to publish 4.41 EPS for the current year.
The study also recently announced a quarterly dividend, which will be paid on Thursday, March 14th. The shareholders of record on Thursday 21 February will receive a dividend of $ 0.46 per share. The ex-coupon date is Wednesday 20 February. This represents an annualized dividend of $ 1.84 and a dividend yield of 1.70%. The Microsoft dividend distribution rate is currently 47.42%.
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Microsoft Corporation develops, licenses and supports software, services, devices and solutions worldwide. The Company's Productivity and Business Processes segment offers Office 365 products and services for companies such as Office, Exchange, SharePoint, Skype for Business, Microsoft Teams and related CAL (Client Access License) licenses; Office 365 consumer services, including Skype, Outlook.com and OneDrive; LinkedIn professional online network; and Dynamics business solutions including financial management, corporate resource planning, customer relationship management, supply chain management and analytical applications for small and medium-sized businesses, large organizations and business divisions.
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