Parisi Gray Wealth Management Buys 78 Shares of Microsoft Co. (NASDAQ:MSFT)

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Parisi Gray Wealth Management increased its holdings in Microsoft Co. (NASDAQ:MSFT) by 0.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 22,056 shares of the software giant’s stock after acquiring an additional 78 shares during the quarter. Microsoft makes up 2.0% of Parisi Gray Wealth Management’s portfolio, making the stock its 10th biggest position. Parisi Gray Wealth Management’s holdings in Microsoft were worth $3,066,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Intercontinental Wealth Advisors LLC lifted its stake in shares of Microsoft by 2.7% in the third quarter. Intercontinental Wealth Advisors LLC now owns 3,627 shares of the software giant’s stock worth $504,000 after acquiring an additional 95 shares in the last quarter. Pennsylvania Trust Co lifted its stake in shares of Microsoft by 0.5% in the third quarter. Pennsylvania Trust Co now owns 494,934 shares of the software giant’s stock worth $68,810,000 after acquiring an additional 2,376 shares in the last quarter. Gibraltar Capital Management Inc. lifted its stake in shares of Microsoft by 1.0% in the third quarter. Gibraltar Capital Management Inc. now owns 32,469 shares of the software giant’s stock worth $4,514,000 after acquiring an additional 315 shares in the last quarter. Cerebellum GP LLC bought a new stake in Microsoft in the third quarter valued at about $134,000. Finally, Polaris Greystone Financial Group LLC increased its holdings in Microsoft by 3.7% in the third quarter. Polaris Greystone Financial Group LLC now owns 239,221 shares of the software giant’s stock valued at $32,211,000 after buying an additional 8,452 shares during the last quarter. Institutional investors and hedge funds own 72.16% of the company’s stock.

NASDAQ:MSFT opened at $139.68 on Friday. The firm has a market capitalization of $1,066.51 billion, a PE ratio of 29.41, a price-to-earnings-growth ratio of 2.22 and a beta of 1.22. The stock has a 50 day moving average of $137.45 and a 200-day moving average of $132.03. Microsoft Co. has a 52 week low of $93.96 and a 52 week high of $142.37. The company has a current ratio of 2.53, a quick ratio of 2.50 and a debt-to-equity ratio of 0.71.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Thursday, July 18th. The software giant reported $1.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.16. The company had revenue of $33.72 billion during the quarter, compared to analyst estimates of $32.80 billion. Microsoft had a return on equity of 39.26% and a net margin of 31.18%. The business’s revenue was up 12.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.13 earnings per share. As a group, analysts predict that Microsoft Co. will post 5.24 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be issued a dividend of $0.51 per share. The ex-dividend date is Wednesday, November 20th. This is a positive change from Microsoft’s previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a dividend yield of 1.46%. Microsoft’s dividend payout ratio is 38.74%.

Microsoft declared that its Board of Directors has initiated a stock buyback program on Wednesday, September 18th that allows the company to buyback $40.00 billion in shares. This buyback authorization allows the software giant to repurchase up to 3.8% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its stock is undervalued.

MSFT has been the subject of several research analyst reports. KeyCorp reissued a “buy” rating and issued a $155.00 price objective on shares of Microsoft in a report on Thursday, August 29th. CIBC boosted their price objective on Microsoft from $145.00 to $160.00 and gave the company an “outperform” rating in a report on Friday, July 19th. BMO Capital Markets boosted their price objective on Microsoft from $147.00 to $153.00 and gave the company an “outperform” rating in a report on Tuesday, July 16th. Wells Fargo & Co set a $160.00 price objective on Microsoft and gave the company a “buy” rating in a report on Friday, July 19th. Finally, Stifel Nicolaus boosted their price objective on Microsoft from $150.00 to $155.00 and gave the company a “buy” rating in a report on Friday, July 19th. Three analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $151.52.

In other news, insider Frank H. Brod sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $141.05, for a total transaction of $564,200.00. Following the completion of the transaction, the insider now directly owns 64,152 shares of the company’s stock, valued at $9,048,639.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CMO Christopher C. Capossela sold 3,372 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $138.06, for a total value of $465,538.32. Following the transaction, the chief marketing officer now directly owns 136,623 shares of the company’s stock, valued at $18,862,171.38. The disclosure for this sale can be found here. Insiders have sold 318,757 shares of company stock valued at $43,735,918 over the last ninety days. Corporate insiders own 1.38% of the company’s stock.

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.

Further Reading: Debt-To-Equity Ratio

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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