Microsoft Co. (NASDAQ:MSFT) Shares Bought by Morse Asset Management Inc

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Morse Asset Management Inc raised its stake in Microsoft Co. (NASDAQ:MSFT) by 4.8% in the fourth quarter, HoldingsChannel reports. The fund owned 65,813 shares of the software giant’s stock after purchasing an additional 2,997 shares during the period. Microsoft accounts for approximately 3.6% of Morse Asset Management Inc’s investment portfolio, making the stock its 2nd largest holding. Morse Asset Management Inc’s holdings in Microsoft were worth $10,379,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in MSFT. Wealthsource Partners LLC increased its position in shares of Microsoft by 5.0% during the third quarter. Wealthsource Partners LLC now owns 51,337 shares of the software giant’s stock worth $7,137,000 after purchasing an additional 2,444 shares in the last quarter. Hotaling Investment Management LLC increased its position in shares of Microsoft by 5.4% during the fourth quarter. Hotaling Investment Management LLC now owns 61,000 shares of the software giant’s stock worth $9,620,000 after purchasing an additional 3,147 shares in the last quarter. Miracle Mile Advisors LLC increased its position in shares of Microsoft by 4.7% during the third quarter. Miracle Mile Advisors LLC now owns 86,948 shares of the software giant’s stock worth $12,088,000 after purchasing an additional 3,915 shares in the last quarter. Global Retirement Partners LLC increased its position in shares of Microsoft by 34.6% during the third quarter. Global Retirement Partners LLC now owns 65,133 shares of the software giant’s stock worth $9,055,000 after purchasing an additional 16,741 shares in the last quarter. Finally, AMI Asset Management Corp increased its position in shares of Microsoft by 15.7% during the third quarter. AMI Asset Management Corp now owns 503,586 shares of the software giant’s stock worth $70,014,000 after purchasing an additional 68,174 shares in the last quarter. 71.91% of the stock is owned by institutional investors.

In other news, EVP Jean Philippe Courtois sold 18,000 shares of the company’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $179.55, for a total value of $3,231,900.00. Following the transaction, the executive vice president now owns 582,510 shares of the company’s stock, valued at approximately $104,589,670.50. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Margaret L. Johnson sold 35,000 shares of the company’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $150.01, for a total value of $5,250,350.00. Following the completion of the transaction, the executive vice president now directly owns 62,423 shares in the company, valued at approximately $9,364,074.23. The disclosure for this sale can be found here. Corporate insiders own 1.39% of the company’s stock.

Several brokerages recently commented on MSFT. Cowen reiterated an “outperform” rating and set a $200.00 price target (up from $180.00) on shares of Microsoft in a research report on Thursday, January 30th. Nomura boosted their price target on Microsoft from $161.00 to $195.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Jefferies Financial Group boosted their price target on Microsoft from $185.00 to $195.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Mizuho boosted their price target on Microsoft from $180.00 to $195.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Finally, BidaskClub upgraded Microsoft from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 13th. Two analysts have rated the stock with a hold rating, thirty-two have given a buy rating and two have issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $187.06.

Shares of Microsoft stock opened at $185.35 on Friday. Microsoft Co. has a 52 week low of $106.29 and a 52 week high of $190.70. The business’s fifty day simple moving average is $167.51 and its 200-day simple moving average is $148.77. The firm has a market cap of $1,409.78 billion, a PE ratio of 32.29, a price-to-earnings-growth ratio of 2.53 and a beta of 1.15. The company has a quick ratio of 2.77, a current ratio of 2.80 and a debt-to-equity ratio of 0.64.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Wednesday, January 29th. The software giant reported $1.51 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.32 by $0.19. Microsoft had a return on equity of 40.41% and a net margin of 33.02%. The business had revenue of $36.91 billion for the quarter, compared to analyst estimates of $35.68 billion. During the same quarter in the prior year, the company posted $1.10 EPS. The company’s quarterly revenue was up 13.7% on a year-over-year basis. As a group, equities analysts expect that Microsoft Co. will post 5.64 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Thursday, February 20th will be paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend is Wednesday, February 19th. Microsoft’s dividend payout ratio (DPR) is presently 42.95%.

Microsoft 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, 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.

Read More: Asset Allocation

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).

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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