MSFT Stock: RFG Advisory Group LLC Boosts Stake in Microsoft Corporation

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RFG Advisory Group LLC grew its holdings in Microsoft Corporation (NASDAQ:MSFT) by 83.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,978 shares of the software giant’s stock after purchasing an additional 7,748 shares during the period. RFG Advisory Group LLC’s holdings in Microsoft were worth $1,180,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Provident Trust Co. raised its position in shares of Microsoft by 8.2% in the second quarter. Provident Trust Co. now owns 6,654 shares of the software giant’s stock valued at $459,000 after purchasing an additional 502 shares during the period. ProVise Management Group LLC raised its position in shares of Microsoft by 0.8% in the second quarter. ProVise Management Group LLC now owns 42,919 shares of the software giant’s stock valued at $2,958,000 after purchasing an additional 328 shares during the period. Aviva PLC increased its holdings in Microsoft by 1.1% during the 2nd quarter. Aviva PLC now owns 5,976,713 shares of the software giant’s stock worth $411,974,000 after acquiring an additional 66,211 shares during the period. First National Trust Co. increased its holdings in Microsoft by 3.1% during the 2nd quarter. First National Trust Co. now owns 229,050 shares of the software giant’s stock worth $15,788,000 after acquiring an additional 6,906 shares during the period. Finally, Ironsides Asset Advisors LLC bought a new stake in Microsoft during the 2nd quarter worth approximately $560,000. 73.33% of the stock is currently owned by institutional investors.

Shares of Microsoft Corporation (NASDAQ:MSFT) opened at $84.26 on Monday. The firm has a market cap of $650,031.38, a price-to-earnings ratio of 24.93, a price-to-earnings-growth ratio of 1.96 and a beta of 0.99. The company has a current ratio of 3.12, a quick ratio of 3.06 and a debt-to-equity ratio of 0.91. Microsoft Corporation has a 12-month low of $58.80 and a 12-month high of $86.20.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Thursday, October 26th. The software giant reported $0.84 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.12. The business had revenue of $24.50 billion during the quarter, compared to analysts’ expectations of $23.57 billion. Microsoft had a net margin of 24.56% and a return on equity of 35.23%. The firm’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.76 EPS. equities research analysts expect that Microsoft Corporation will post 3.38 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Thursday, February 15th will be issued a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $1.68 annualized dividend and a yield of 1.99%. Microsoft’s dividend payout ratio (DPR) is presently 57.14%.

In other Microsoft news, insider Frank H. Brod sold 15,000 shares of the company’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $84.08, for a total value of $1,261,200.00. Following the completion of the transaction, the insider now directly owns 116,205 shares in the company, valued at approximately $9,770,516.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Christopher C. Capossela sold 4,000 shares of the company’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $83.46, for a total transaction of $333,840.00. Following the completion of the transaction, the executive vice president now owns 189,278 shares of the company’s stock, valued at $15,797,141.88. The disclosure for this sale can be found here. Insiders sold a total of 27,000 shares of company stock valued at $2,262,720 over the last 90 days. Company insiders own 1.49% of the company’s stock.

A number of analysts recently weighed in on the stock. Credit Suisse Group set a $84.00 target price on shares of Microsoft and gave the stock a “buy” rating in a report on Friday, August 11th. BidaskClub raised shares of Microsoft from a “hold” rating to a “buy” rating in a report on Wednesday, August 16th. Morgan Stanley set a $88.00 target price on shares of Microsoft and gave the stock a “buy” rating in a report on Friday, October 27th. Tigress Financial reaffirmed a “buy” rating on shares of Microsoft in a report on Tuesday, November 7th. Finally, Vetr raised shares of Microsoft from a “sell” rating to a “hold” rating and set a $82.07 target price on the stock in a report on Tuesday, October 31st. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirty have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $84.48.

Microsoft Profile

Microsoft Corporation is a technology company. The Company develops, licenses, and supports a range of software products, services and devices. The Company’s segments include Productivity and Business Processes, Intelligent Cloud and More Personal Computing. The Company’s products include operating systems; cross-device productivity applications; server applications; business solution applications; desktop and server management tools; software development tools; video games, and training and certification of computer system integrators and developers.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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