Microsoft Co. (NASDAQ:MSFT) Shares Purchased by Kiley Juergens Wealth Management LLC

Kiley Juergens Wealth Management LLC lifted its position in Microsoft Co. (NASDAQ:MSFT) by 6.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 107,258 shares of the software giant’s stock after purchasing an additional 6,225 shares during the period. Microsoft comprises about 13.3% of Kiley Juergens Wealth Management LLC’s portfolio, making the stock its biggest holding. Kiley Juergens Wealth Management LLC’s holdings in Microsoft were worth $30,238,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. State Street Corp raised its position in Microsoft by 0.8% during the second quarter. State Street Corp now owns 294,824,958 shares of the software giant’s stock worth $79,868,081,000 after acquiring an additional 2,249,303 shares during the period. Price T Rowe Associates Inc. MD raised its position in Microsoft by 7.6% during the second quarter. Price T Rowe Associates Inc. MD now owns 192,408,922 shares of the software giant’s stock worth $52,123,577,000 after acquiring an additional 13,584,306 shares during the period. Geode Capital Management LLC raised its position in Microsoft by 2.6% during the second quarter. Geode Capital Management LLC now owns 123,322,145 shares of the software giant’s stock worth $33,314,811,000 after acquiring an additional 3,090,751 shares during the period. Capital International Investors raised its position in Microsoft by 3.0% during the second quarter. Capital International Investors now owns 92,898,047 shares of the software giant’s stock worth $25,166,309,000 after acquiring an additional 2,669,080 shares during the period. Finally, Morgan Stanley raised its position in Microsoft by 4.3% during the second quarter. Morgan Stanley now owns 68,123,020 shares of the software giant’s stock worth $18,454,527,000 after acquiring an additional 2,783,534 shares during the period. Hedge funds and other institutional investors own 69.05% of the company’s stock.

In related news, insider Bradford L. Smith sold 55,000 shares of the firm’s stock in a transaction that occurred on Monday, November 1st. The shares were sold at an average price of $328.60, for a total value of $18,073,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Amy Hood sold 60,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 1st. The shares were 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 694,622 shares of company stock worth $230,826,252 in the last three months. Corporate insiders own 0.05% of the company’s stock.

Shares of MSFT stock opened at $337.91 on Thursday. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.16 and a quick ratio of 2.12. The firm has a market cap of $2.54 trillion, a PE ratio of 37.80, a price-to-earnings-growth ratio of 3.11 and a beta of 0.86. The company has a 50-day moving average of $313.32 and a two-hundred day moving average of $288.66. Microsoft Co. has a 1-year low of $209.11 and a 1-year high of $349.67.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Monday, October 25th. The software giant reported $2.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.08 by $0.19. The business had revenue of $45.32 billion for the quarter, compared to analysts’ expectations of $44 billion. Microsoft had a net margin of 38.51% and a return on equity of 45.80%. The business’s quarterly revenue was up 22.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.82 earnings per share. Sell-side analysts anticipate that Microsoft Co. will post 9.16 EPS for the current fiscal year.

Microsoft declared that its board has approved a share buyback plan on Tuesday, September 14th that authorizes the company to repurchase $60.00 billion in outstanding shares. This repurchase authorization authorizes the software giant to purchase up to 2.7% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its stock is undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 9th. Stockholders of record on Thursday, November 18th will be given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 0.73%. The ex-dividend date is Wednesday, November 17th. This is a boost from Microsoft’s previous quarterly dividend of $0.56. Microsoft’s dividend payout ratio is currently 27.74%.

MSFT has been the subject of a number of research reports. Mizuho upped their target price on shares of Microsoft from $350.00 to $360.00 and gave the stock a “buy” rating in a report on Wednesday, October 27th. KeyCorp upped their target price on shares of Microsoft from $342.00 to $365.00 and gave the stock an “overweight” rating in a report on Monday, October 25th. Bank of America upped their target price on shares of Microsoft from $340.00 to $365.00 and gave the stock a “buy” rating in a report on Wednesday, October 27th. Evercore ISI upped their target price on shares of Microsoft from $325.00 to $370.00 and gave the stock an “outperform” rating in a report on Wednesday, October 27th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $349.00 target price on shares of Microsoft in a report on Friday, September 17th. One equities research analyst has rated the stock with a hold rating, thirty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Microsoft has an average rating of “Buy” and an average target price of $347.85.

Microsoft Company Profile

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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