Atlantic Union Bankshares Corp raised its holdings in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 0.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 130,379 shares of the software giant's stock after purchasing an additional 135 shares during the period. Microsoft accounts for about 3.4% of Atlantic Union Bankshares Corp's holdings, making the stock its 4th biggest position. Atlantic Union Bankshares Corp's holdings in Microsoft were worth $33,486,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. University of Texas Texas AM Investment Managment Co. grew its stake in Microsoft by 1,316.7% during the first quarter. University of Texas Texas AM Investment Managment Co. now owns 85 shares of the software giant's stock valued at $26,000 after acquiring an additional 79 shares in the last quarter. Monumental Financial Group Inc. purchased a new position in Microsoft during the first quarter valued at approximately $28,000. Tobam grew its stake in Microsoft by 15,400.0% during the first quarter. Tobam now owns 155 shares of the software giant's stock valued at $48,000 after acquiring an additional 154 shares in the last quarter. Artemis Wealth Advisors LLC purchased a new position in Microsoft during the first quarter valued at approximately $68,000. Finally, Newfound Research LLC grew its stake in Microsoft by 25.4% during the second quarter. Newfound Research LLC now owns 296 shares of the software giant's stock valued at $76,000 after acquiring an additional 60 shares in the last quarter. Hedge funds and other institutional investors own 69.29% of the company's stock.
Get Microsoft alerts:Insider Transactions at Microsoft
In other news, CMO Christopher C. Capossela sold 5,000 shares of the company's stock in a transaction dated Monday, September 12th. The shares were sold at an average price of $266.25, for a total value of $1,331,250.00. Following the sale, the chief marketing officer now directly owns 109,837 shares of the company's stock, valued at approximately $29,244,101.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.05% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on the stock. Credit Suisse Group set a $400.00 price objective on shares of Microsoft in a research note on Tuesday, July 26th. Itaú Unibanco initiated coverage on shares of Microsoft in a research note on Tuesday, July 26th. They set an "outperform" rating and a $287.00 price objective for the company. Moffett Nathanson initiated coverage on shares of Microsoft in a research report on Thursday, September 22nd. They set a "hold" rating and a $285.00 target price for the company. Redburn Partners initiated coverage on shares of Microsoft in a research report on Wednesday, June 29th. They set a "buy" rating and a $370.00 target price for the company. Finally, Piper Sandler dropped their target price on shares of Microsoft from $352.00 to $312.00 and set an "overweight" rating for the company in a research report on Friday, July 8th. Three analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $326.50.Microsoft Stock Down 2.4 %
Shares of Microsoft stock opened at $228.56 on Monday. The company has a current ratio of 1.78, a quick ratio of 1.75 and a debt-to-equity ratio of 0.28. The company's fifty day simple moving average is $257.44 and its two-hundred day simple moving average is $265.59. The company has a market cap of $1.70 trillion, a P/E ratio of 23.71, a PEG ratio of 1.98 and a beta of 0.97. Microsoft Co. has a 12-month low of $219.13 and a 12-month high of $349.67.
Microsoft (NASDAQ:MSFT – Get Rating) last released 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). The business had revenue of $51.87 billion during the quarter, compared to analysts' expectations of $52.31 billion. Microsoft had a return on equity of 43.31% and a net margin of 36.69%. During the same period in the prior year, the company earned $2.17 earnings per share. Research analysts anticipate that Microsoft Co. will post 10.08 EPS for the current year.
Microsoft Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 8th. Stockholders of record on Thursday, November 17th will be given a $0.68 dividend. The ex-dividend date is Wednesday, November 16th. This is an increase from Microsoft's previous quarterly dividend of $0.62. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.19%. Microsoft's dividend payout ratio is currently 25.73%.
Microsoft Company 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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