Objective Capital Management LLC Has $1.83 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

Objective Capital Management LLC lifted its stake in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 0.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,137 shares of the software giant’s stock after purchasing an additional 54 shares during the quarter. Microsoft accounts for 1.8% of Objective Capital Management LLC’s holdings, making the stock its 16th biggest holding. Objective Capital Management LLC’s holdings in Microsoft were worth $1,833,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of MSFT. Norges Bank bought a new stake in shares of Microsoft during the 4th quarter worth $24,401,940,000. Aaron Wealth Advisors LLC lifted its position in shares of Microsoft by 35,465.9% during the 1st quarter. Aaron Wealth Advisors LLC now owns 20,611,140 shares of the software giant’s stock worth $66,852,000 after buying an additional 20,553,188 shares during the last quarter. State Street Corp lifted its position in shares of Microsoft by 2.8% during the 4th quarter. State Street Corp now owns 302,541,869 shares of the software giant’s stock worth $101,750,881,000 after buying an additional 8,108,943 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Microsoft by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 621,598,157 shares of the software giant’s stock worth $191,644,927,000 after buying an additional 5,648,095 shares during the last quarter. Finally, Castleview Partners LLC bought a new stake in shares of Microsoft during the 4th quarter worth $11,872,000. 69.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Itau BBA Securities initiated coverage on Microsoft in a research report on Tuesday, July 26th. They set an “outperform” rating and a $287.00 price objective for the company. Rosenblatt Securities dropped their target price on Microsoft from $349.00 to $330.00 and set a “buy” rating for the company in a research report on Tuesday, July 26th. Mizuho dropped their target price on Microsoft from $350.00 to $340.00 and set a “buy” rating for the company in a research report on Tuesday, July 19th. UBS Group set a $330.00 target price on Microsoft in a research report on Thursday, September 15th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on Microsoft from $350.00 to $330.00 and set a “buy” rating for the company in a research report on Wednesday, July 27th. Three equities research analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $332.77.

Insider Activity

In other news, CMO Christopher C. Capossela sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, September 12th. The stock was sold at an average price of $266.25, for a total value of $1,331,250.00. Following the transaction, the chief marketing officer now owns 109,837 shares in the company, valued at $29,244,101.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.05% of the company’s stock.

Microsoft Trading Up 0.8 %

Shares of Microsoft stock opened at $240.98 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.75 and a current ratio of 1.78. Microsoft Co. has a 52 week low of $237.57 and a 52 week high of $349.67. The stock has a 50 day moving average price of $267.65 and a two-hundred day moving average price of $272.65. The stock has a market capitalization of $1.80 trillion, a PE ratio of 25.00, a price-to-earnings-growth ratio of 2.04 and a beta of 0.94.

Microsoft (NASDAQ:MSFTGet Rating) last posted its earnings results on Tuesday, July 26th. The software giant reported $2.23 earnings per share for the quarter, missing analysts’ consensus estimates of $2.28 by ($0.05). Microsoft had a net margin of 36.69% and a return on equity of 43.31%. The company had revenue of $51.87 billion during the quarter, compared to the consensus estimate of $52.31 billion. During the same quarter in the prior year, the business earned $2.17 EPS. As a group, equities analysts anticipate that Microsoft Co. will post 10.15 earnings per share for the current fiscal year.

Microsoft Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 8th. Stockholders of record on Thursday, November 17th will be issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date is Wednesday, November 16th. This is a positive change from Microsoft’s previous quarterly dividend of $0.62. Microsoft’s dividend payout ratio (DPR) is currently 25.73%.

Microsoft Profile

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Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates in three segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, Microsoft Viva, and Skype for Business; Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and enterprise divisions.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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