Diversified Portfolios Inc. Buys Shares of 4,022 Microsoft Co. (MSFT)

Diversified Portfolios Inc. acquired a new stake in shares of Microsoft Co. (NASDAQ:MSFT) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 4,022 shares of the software giant’s stock, valued at approximately $300,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MSFT. Acrospire Investment Management LLC lifted its position in Microsoft by 300.0% during the second quarter. Acrospire Investment Management LLC now owns 1,600 shares of the software giant’s stock valued at $110,000 after acquiring an additional 1,200 shares during the last quarter. Hefty Wealth Partners raised its holdings in shares of Microsoft by 65.6% in the second quarter. Hefty Wealth Partners now owns 1,648 shares of the software giant’s stock worth $113,000 after buying an additional 653 shares during the last quarter. Stelac Advisory Services LLC raised its holdings in shares of Microsoft by 23.5% in the second quarter. Stelac Advisory Services LLC now owns 2,033 shares of the software giant’s stock worth $140,000 after buying an additional 387 shares during the last quarter. Pacific Center for Financial Services raised its holdings in shares of Microsoft by 3.0% in the second quarter. Pacific Center for Financial Services now owns 2,572 shares of the software giant’s stock worth $177,000 after buying an additional 75 shares during the last quarter. Finally, AlphaMark Advisors LLC increased its stake in shares of Microsoft by 1.1% in the second quarter. AlphaMark Advisors LLC now owns 2,677 shares of the software giant’s stock worth $185,000 after acquiring an additional 30 shares during the period. Hedge funds and other institutional investors own 73.16% of the company’s stock.

Shares of Microsoft Co. (MSFT) opened at $85.95 on Wednesday. Microsoft Co. has a 52-week low of $61.95 and a 52-week high of $87.50. The stock has a market cap of $663,070.00, a PE ratio of 29.04, a PEG ratio of 1.99 and a beta of 0.99. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.12 and a quick ratio of 3.06.

Microsoft (NASDAQ:MSFT) last announced its earnings results on Thursday, October 26th. The software giant reported $0.84 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.12. Microsoft had a net margin of 24.56% and a return on equity of 35.23%. The business had revenue of $24.50 billion for the quarter, compared to analyst estimates of $23.57 billion. During the same quarter last year, the business earned $0.76 earnings per share. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. sell-side analysts forecast that Microsoft Co. will post 3.38 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, February 15th will be given a $0.42 dividend. The ex-dividend date is Wednesday, February 14th. This represents a $1.68 annualized dividend and a dividend yield of 1.95%. Microsoft’s dividend payout ratio (DPR) is 56.76%.

A number of research firms have recently weighed in on MSFT. Credit Suisse Group reiterated a “buy” rating and issued a $95.00 price objective on shares of Microsoft in a research note on Friday, October 27th. Morgan Stanley set a $88.00 price objective on shares of Microsoft and gave the stock a “buy” rating in a research note on Friday, October 27th. Tigress Financial reiterated a “buy” rating on shares of Microsoft in a research note on Tuesday, November 7th. Vetr upgraded shares of Microsoft from a “sell” rating to a “hold” rating and set a $82.07 price objective on the stock in a research note on Tuesday, October 31st. Finally, Royal Bank of Canada reiterated a “buy” rating on shares of Microsoft in a research note on Friday, September 8th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and thirty-two have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $85.87.

In other news, insider Frank H. Brod sold 15,000 shares of Microsoft stock in a transaction dated 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 sale, the insider now owns 116,205 shares in the company, valued at $9,770,516.40. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Christopher C. Capossela sold 4,000 shares of Microsoft stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $83.48, for a total transaction of $333,920.00. Following the completion of the sale, the executive vice president now owns 185,278 shares in the company, valued at approximately $15,467,007.44. The disclosure for this sale can be found here. In the last quarter, insiders sold 45,000 shares of company stock worth $3,759,420. Company insiders own 1.49% of the company’s stock.

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About Microsoft

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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