Checchi Capital Advisers LLC increased its stake in Microsoft Co. (NASDAQ:MSFT) by 14.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 94,007 shares of the software giant’s stock after purchasing an additional 11,652 shares during the quarter. Microsoft makes up approximately 1.1% of Checchi Capital Advisers LLC’s investment portfolio, making the stock its 5th biggest position. Checchi Capital Advisers LLC’s holdings in Microsoft were worth $8,580,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently made changes to their positions in the stock. RNC Capital Management LLC increased its stake in Microsoft by 0.6% in the 4th quarter. RNC Capital Management LLC now owns 535,705 shares of the software giant’s stock worth $45,824,000 after buying an additional 2,977 shares in the last quarter. AXA increased its stake in Microsoft by 11.2% in the 3rd quarter. AXA now owns 3,830,658 shares of the software giant’s stock worth $285,346,000 after buying an additional 384,951 shares in the last quarter. Diversified Trust Co increased its stake in Microsoft by 22.8% in the 4th quarter. Diversified Trust Co now owns 15,920 shares of the software giant’s stock worth $1,362,000 after buying an additional 2,955 shares in the last quarter. Narwhal Capital Management increased its stake in Microsoft by 1.7% in the 4th quarter. Narwhal Capital Management now owns 131,995 shares of the software giant’s stock worth $11,291,000 after buying an additional 2,165 shares in the last quarter. Finally, Spearhead Capital Advisors LLC purchased a new stake in Microsoft in the 4th quarter worth $2,792,000. 72.32% of the stock is currently owned by institutional investors.
Microsoft opened at $98.61 on Friday, according to MarketBeat. The stock has a market capitalization of $751.04 billion, a P/E ratio of 29.79, a P/E/G ratio of 2.13 and a beta of 1.04. Microsoft Co. has a 12 month low of $68.02 and a 12 month high of $102.69. The company has a quick ratio of 3.35, a current ratio of 3.40 and a debt-to-equity ratio of 1.00.
Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Thursday, April 26th. The software giant reported $0.95 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.10. The company had revenue of $26.82 billion during the quarter, compared to analyst estimates of $25.78 billion. Microsoft had a return on equity of 36.49% and a net margin of 13.72%. The firm’s revenue was up 15.5% on a year-over-year basis. During the same quarter last year, the business posted $0.73 earnings per share. analysts anticipate that Microsoft Co. will post 3.84 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 13th. Investors of record on Thursday, August 16th will be given a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, August 15th. This represents a $1.68 annualized dividend and a yield of 1.70%. Microsoft’s dividend payout ratio is currently 50.76%.
MSFT has been the subject of a number of analyst reports. Goldman Sachs Group set a $103.00 price target on Microsoft and gave the stock a “buy” rating in a research note on Friday, April 20th. Vetr upgraded Microsoft from a “buy” rating to a “strong-buy” rating and set a $101.39 price objective for the company in a research report on Friday, March 23rd. Deutsche Bank set a $120.00 price objective on Microsoft and gave the company a “buy” rating in a research report on Monday, March 12th. KeyCorp restated a “buy” rating and set a $110.00 price objective on shares of Microsoft in a research report on Friday, April 27th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $115.00 price objective on shares of Microsoft in a research report on Friday, May 18th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, thirty-one have given a buy rating and one has issued a strong buy rating to the company. Microsoft currently has a consensus rating of “Buy” and a consensus price target of $105.49.
In related news, EVP Christopher C. Capossela sold 10,000 shares of Microsoft stock in a transaction dated Thursday, June 7th. The stock was sold at an average price of $100.99, for a total value of $1,009,900.00. Following the completion of the transaction, the executive vice president now owns 158,601 shares in the company, valued at $16,017,114.99. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Sandra E. Peterson acquired 5,400 shares of the firm’s stock in a transaction on Tuesday, June 5th. The stock was purchased at an average cost of $101.96 per share, with a total value of $550,584.00. Following the purchase, the director now owns 5,400 shares of the company’s stock, valued at $550,584. The disclosure for this purchase can be found here. Company insiders own 1.49% of the company’s stock.
Microsoft Corporation develops, licenses, and supports software products, services, and devices worldwide. The company's Productivity and Business Processes segment offers Office 365 commercial products and services for businesses, including Office, Exchange, SharePoint, Skype for Business, and related Client Access Licenses (CALs); Office 365 consumer services, such as Skype, Outlook.com, and OneDrive; Dynamics business solutions, such as financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and mid-size businesses, large organizations, and divisions of enterprises; and LinkedIn online professional network.
Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Co. (NASDAQ:MSFT).
Receive News & Ratings for Microsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft and related companies with MarketBeat.com's FREE daily email newsletter.