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.
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.
COPYRIGHT VIOLATION NOTICE: This report was originally reported by Chaffey Breeze and is the property of of Chaffey Breeze. If you are viewing this report on another publication, it was illegally stolen and republished in violation of international copyright & trademark law. The correct version of this report can be viewed at https://www.chaffeybreeze.com/2018/01/03/diversified-portfolios-inc-buys-shares-of-4022-microsoft-co-msft.html.
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.
Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Co. (NASDAQ:MSFT).
Receive News & Ratings for Microsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft and related companies with MarketBeat.com's FREE daily email newsletter.