Larson Financial Group LLC Boosts Stock Position in Microsoft Co. (NASDAQ:MSFT)

Larson Financial Group LLC boosted its holdings in Microsoft Co. (NASDAQ:MSFT) by 43.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,803 shares of the software giant’s stock after buying an additional 2,074 shares during the quarter. Larson Financial Group LLC’s holdings in Microsoft were worth $1,843,000 at the end of the most recent quarter.

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

NASDAQ:MSFT opened at $299.35 on Friday. The company has a current ratio of 2.08, a quick ratio of 2.05 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $2.25 trillion, a price-to-earnings ratio of 37.19, a PEG ratio of 3.10 and a beta of 0.78. The firm’s fifty day simple moving average is $294.27 and its 200 day simple moving average is $267.72. Microsoft Co. has a twelve month low of $199.62 and a twelve month high of $305.84.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Monday, July 26th. The software giant reported $2.17 earnings per share 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 business had revenue of $46.15 billion for the quarter, compared to analyst estimates of $44.30 billion. During the same quarter in the previous year, the business posted $1.46 EPS. The business’s quarterly revenue was up 21.3% on a year-over-year basis. On average, analysts predict that Microsoft Co. will post 8.61 earnings per share for the current year.

Microsoft announced that its Board of Directors has authorized a share repurchase plan on Tuesday, September 14th that allows the company to buyback $60.00 billion in shares. This buyback authorization allows the software giant to buy up to 2.7% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s leadership believes its shares are undervalued.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 9th. Investors of record on Thursday, November 18th will be paid a dividend of $0.62 per share. This is an increase 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 yield of 0.83%. Microsoft’s payout ratio is 28.11%.

In other news, CEO Satya Nadella sold 75,573 shares of the business’s stock in a transaction dated Wednesday, September 1st. The shares were sold at an average price of $303.28, for a total value of $22,919,779.44. Following the completion of the sale, the chief executive officer now owns 1,632,350 shares of the company’s stock, valued at approximately $495,059,108. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Amy Hood sold 60,000 shares of the business’s stock in a transaction dated Wednesday, September 1st. The stock was sold at an average price of $303.08, for a total transaction of $18,184,800.00. The disclosure for this sale can be found here. Insiders have sold a total of 165,573 shares of company stock worth $50,066,379 in the last ninety days. 0.05% of the stock is currently owned by insiders.

MSFT has been the subject of a number of research analyst reports. Citigroup increased their target price on shares of Microsoft from $378.00 to $411.00 and gave the company a “buy” rating in a report on Wednesday, July 28th. Bank of America increased their target price on shares of Microsoft from $325.00 to $340.00 and gave the company a “buy” rating in a report on Wednesday, July 28th. Griffin Securities increased their target price on shares of Microsoft from $290.00 to $345.00 and gave the company a “buy” rating in a report on Wednesday, July 28th. Zacks Investment Research raised shares of Microsoft from a “hold” rating to a “buy” rating and set a $329.00 target price for the company in a report on Thursday, July 29th. Finally, Barclays raised their price objective on shares of Microsoft from $330.00 to $345.00 and gave the stock an “overweight” rating in a research note on Friday, September 17th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Microsoft currently has a consensus rating of “Buy” and an average price target of $324.84.

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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