Avondale Wealth Management Boosts Stake in Microsoft Co. (MSFT)

Avondale Wealth Management increased its holdings in Microsoft Co. (NASDAQ:MSFT) by 50.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 557 shares of the software giant’s stock after acquiring an additional 187 shares during the quarter. Avondale Wealth Management’s holdings in Microsoft were worth $57,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. United Capital Management of KS Inc. grew its holdings in shares of Microsoft by 5.8% in the 4th quarter. United Capital Management of KS Inc. now owns 17,834 shares of the software giant’s stock worth $1,811,000 after acquiring an additional 984 shares during the period. Polen Capital Management LLC lifted its stake in shares of Microsoft by 0.8% during the 3rd quarter. Polen Capital Management LLC now owns 13,818,601 shares of the software giant’s stock worth $1,580,433,000 after purchasing an additional 114,047 shares during the period. Abner Herrman & Brock LLC raised its position in shares of Microsoft by 1.3% in the 4th quarter. Abner Herrman & Brock LLC now owns 259,088 shares of the software giant’s stock worth $26,316,000 after buying an additional 3,234 shares during the period. Nan Shan Life Insurance Co. Ltd. purchased a new position in shares of Microsoft in the 3rd quarter worth $129,830,000. Finally, Ronna Sue Cohen raised its position in shares of Microsoft by 3.2% in the 3rd quarter. Ronna Sue Cohen now owns 17,497 shares of the software giant’s stock worth $2,001,000 after buying an additional 537 shares during the period. 73.60% of the stock is owned by institutional investors.

In other Microsoft news, CEO Satya Nadella sold 15,334 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $112.31, for a total value of $1,722,161.54. Following the completion of the sale, the chief executive officer now owns 1,104,932 shares of the company’s stock, valued at $124,094,912.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CMO Christopher C. Capossela sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $110.46, for a total transaction of $552,300.00. Following the completion of the sale, the chief marketing officer now directly owns 156,866 shares of the company’s stock, valued at approximately $17,327,418.36. The disclosure for this sale can be found here. Insiders sold 238,354 shares of company stock worth $30,340,221 over the last 90 days. 1.38% of the stock is currently owned by company insiders.

Shares of MSFT stock traded up $0.06 during trading hours on Friday, reaching $126.24. 12,483,898 shares of the company were exchanged, compared to its average volume of 26,633,482. Microsoft Co. has a fifty-two week low of $93.96 and a fifty-two week high of $131.37. The firm has a market capitalization of $972.02 billion, a price-to-earnings ratio of 32.54, a PEG ratio of 2.23 and a beta of 1.24. The company has a current ratio of 2.97, a quick ratio of 2.93 and a debt-to-equity ratio of 0.70.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, April 24th. The software giant reported $1.14 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.00 by $0.14. Microsoft had a net margin of 28.58% and a return on equity of 39.34%. The business had revenue of $30.57 billion for the quarter, compared to analyst estimates of $29.86 billion. During the same period in the prior year, the business posted $0.95 earnings per share. Microsoft’s revenue was up 14.0% compared to the same quarter last year. On average, equities research analysts forecast that Microsoft Co. will post 4.58 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Wednesday, May 15th will be issued a $0.46 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $1.84 annualized dividend and a yield of 1.46%. Microsoft’s dividend payout ratio is currently 47.42%.

Several analysts recently issued reports on the company. Credit Suisse Group set a $125.00 price target on Microsoft and gave the company a “buy” rating in a report on Sunday, January 27th. Goldman Sachs Group reissued a “buy” rating and issued a $131.00 target price on shares of Microsoft in a report on Thursday, April 18th. UBS Group set a $125.00 price target on Microsoft and gave the company a “buy” rating in a report on Thursday, January 31st. Nomura lowered their price objective on shares of Microsoft from $115.00 to $113.00 and set a “buy” rating on the stock in a research note on Thursday, January 31st. Finally, Deutsche Bank lifted their price target on shares of Microsoft from $130.00 to $145.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-five have issued a buy rating and three have given a strong buy rating to the company. Microsoft presently has a consensus rating of “Buy” and a consensus target price of $135.75.

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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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