8,930 Shares in Microsoft Co. (NASDAQ:MSFT) Bought by Deane Retirement Strategies Inc.

Deane Retirement Strategies Inc. bought a new position in Microsoft Co. (NASDAQ:MSFT) during the first quarter, Holdings Channel reports. The fund bought 8,930 shares of the software giant’s stock, valued at approximately $1,408,000. Microsoft comprises about 1.0% of Deane Retirement Strategies Inc.’s holdings, making the stock its 29th largest position.

Several other hedge funds and other institutional investors also recently modified their holdings of MSFT. ERTS Wealth Advisors LLC boosted its position in Microsoft by 0.6% during the fourth quarter. ERTS Wealth Advisors LLC now owns 9,398 shares of the software giant’s stock valued at $955,000 after purchasing an additional 58 shares during the last quarter. Arvest Bank Trust Division boosted its position in Microsoft by 0.7% during the fourth quarter. Arvest Bank Trust Division now owns 8,556 shares of the software giant’s stock valued at $1,349,000 after purchasing an additional 62 shares during the last quarter. Winthrop Advisory Group LLC boosted its position in Microsoft by 0.5% during the fourth quarter. Winthrop Advisory Group LLC now owns 14,340 shares of the software giant’s stock valued at $2,261,000 after purchasing an additional 67 shares during the last quarter. Colorado Capital Management Inc. boosted its position in Microsoft by 2.2% during the fourth quarter. Colorado Capital Management Inc. now owns 3,163 shares of the software giant’s stock valued at $499,000 after purchasing an additional 67 shares during the last quarter. Finally, Ocean Capital Management LLC boosted its position in Microsoft by 0.8% during the fourth quarter. Ocean Capital Management LLC now owns 9,074 shares of the software giant’s stock valued at $1,779,000 after purchasing an additional 68 shares during the last quarter. Institutional investors and hedge funds own 72.34% of the company’s stock.

In related news, EVP Jean Philippe Courtois sold 18,000 shares of the business’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $179.55, for a total transaction of $3,231,900.00. Following the transaction, the executive vice president now directly owns 582,510 shares in the company, valued at $104,589,670.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.39% of the company’s stock.

A number of analysts recently issued reports on the company. Bank of America reissued a “buy” rating and set a $200.00 price objective on shares of Microsoft in a research report on Thursday, January 30th. Nomura lifted their price objective on Microsoft from $161.00 to $195.00 and gave the company a “buy” rating in a research report on Friday, January 31st. BMO Capital Markets lifted their price objective on Microsoft from $165.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. They noted that the move was a valuation call. Evercore ISI reaffirmed a “buy” rating and issued a $170.00 price target on shares of Microsoft in a research report on Monday, December 16th. Finally, Tigress Financial reaffirmed a “buy” rating on shares of Microsoft in a research report on Friday. Two analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and two have assigned a strong buy rating to the company. Microsoft currently has an average rating of “Buy” and an average price target of $184.42.

MSFT traded down $1.36 on Friday, hitting $153.90. 41,207,305 shares of the stock traded hands, compared to its average volume of 73,919,688. Microsoft Co. has a 52 week low of $116.13 and a 52 week high of $190.70. The company has a current ratio of 2.80, a quick ratio of 2.77 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $1,170.57 billion, a PE ratio of 26.81, a P/E/G ratio of 2.10 and a beta of 0.96. The business has a fifty day moving average price of $162.38 and a two-hundred day moving average price of $154.40.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Wednesday, January 29th. The software giant reported $1.51 earnings per share (EPS) for the quarter, beating the 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 firm had revenue of $36.91 billion for the quarter, compared to analyst estimates of $35.68 billion. During the same period in the previous year, the company posted $1.10 earnings per share. The company’s quarterly revenue was up 13.7% compared to the same quarter last year. On average, equities research analysts forecast that Microsoft Co. will post 5.59 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Thursday, May 21st will be paid a dividend of $0.51 per share. The ex-dividend date of this dividend is Wednesday, May 20th. This represents a $2.04 annualized dividend and a yield of 1.33%. Microsoft’s dividend payout ratio is 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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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