Hoese & Co LLP Invests $750,000 in Microsoft Co. (NASDAQ:MSFT)


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Hoese & Co LLP bought a new position in shares of Microsoft Co. (NASDAQ:MSFT) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 3,371 shares of the software giant’s stock, valued at approximately $750,000. Microsoft accounts for 0.9% of Hoese & Co LLP’s investment portfolio, making the stock its 23rd largest holding.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Resolute Partners Group bought a new stake in Microsoft in the 4th quarter valued at about $26,000. Goodwin Investment Advisory bought a new stake in Microsoft in the 4th quarter valued at about $28,000. NuWave Investment Management LLC raised its stake in Microsoft by 3,250.0% in the 4th quarter. NuWave Investment Management LLC now owns 134 shares of the software giant’s stock valued at $30,000 after acquiring an additional 130 shares during the period. JustInvest LLC raised its stake in Microsoft by 6.1% in the 4th quarter. JustInvest LLC now owns 82,199 shares of the software giant’s stock valued at $30,000 after acquiring an additional 4,736 shares during the period. Finally, Kinloch Capital LLC bought a new stake in Microsoft in the 4th quarter valued at about $37,000. Institutional investors own 69.01% of the company’s stock.

Shares of MSFT stock opened at $249.90 on Thursday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.49 and a current ratio of 2.53. Microsoft Co. has a fifty-two week low of $162.30 and a fifty-two week high of $250.93. The stock has a 50 day moving average price of $235.85 and a two-hundred day moving average price of $222.92. The company has a market capitalization of $1.88 trillion, a P/E ratio of 40.37, a PEG ratio of 2.44 and a beta of 0.83.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Monday, January 25th. The software giant reported $2.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.64 by $0.39. Microsoft had a return on equity of 40.74% and a net margin of 32.28%. The firm had revenue of $43.08 billion during the quarter, compared to the consensus estimate of $40.23 billion. During the same quarter in the previous year, the company posted $1.51 earnings per share. The business’s revenue was up 16.7% on a year-over-year basis. As a group, equities analysts predict that Microsoft Co. will post 6.73 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 10th. Shareholders of record on Thursday, May 20th will be given a $0.56 dividend. The ex-dividend date is Wednesday, May 19th. This represents a $2.24 annualized dividend and a yield of 0.90%. Microsoft’s payout ratio is currently 38.89%.

A number of equities research analysts recently issued reports on the company. Evercore ISI boosted their price objective on Microsoft from $260.00 to $300.00 in a research note on Wednesday, January 27th. Smith Barney Citigroup upgraded Microsoft from a “neutral” rating to a “buy” rating in a research note on Monday, December 21st. Zacks Investment Research raised Microsoft from a “hold” rating to a “strong-buy” rating and set a $252.00 target price for the company in a report on Friday, January 29th. Jefferies Financial Group set a $300.00 target price on Microsoft and gave the company a “buy” rating in a report on Monday, March 15th. Finally, BMO Capital Markets lifted their target price on Microsoft from $245.00 to $270.00 and gave the company an “outperform” rating in a report on Wednesday, January 27th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and three have given a strong buy rating to the company. Microsoft has a consensus rating of “Buy” and an average target price of $268.28.

In other Microsoft news, Director Emma N. Walmsley bought 4,300 shares of the firm’s stock in a transaction that occurred on Wednesday, March 10th. The stock was bought at an average price of $236.80 per share, for a total transaction of $1,018,240.00. Following the completion of the acquisition, the director now directly owns 5,026 shares in the company, valued at $1,190,156.80. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jean Philippe Courtois sold 18,358 shares of the company’s stock in a transaction that occurred on Thursday, January 28th. The shares were sold at an average price of $239.60, for a total value of $4,398,576.80. Following the transaction, the executive vice president now owns 593,915 shares of the company’s stock, valued at approximately $142,302,034. The disclosure for this sale can be found here. Insiders own 0.05% of the company’s stock.

About Microsoft

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, as well as related Client Access Licenses (CAL); Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions 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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