River Wealth Advisors LLC Has $5.92 Million Stake in Microsoft Co. (NASDAQ:MSFT)

River Wealth Advisors LLC boosted its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 3.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 42,601 shares of the software giant’s stock after purchasing an additional 1,567 shares during the period. Microsoft comprises approximately 2.2% of River Wealth Advisors LLC’s investment portfolio, making the stock its 7th biggest position. River Wealth Advisors LLC’s holdings in Microsoft were worth $5,923,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MSFT. Vanguard Group Inc. lifted its stake in shares of Microsoft by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 613,005,516 shares of the software giant’s stock valued at $82,118,218,000 after acquiring an additional 7,724,483 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Microsoft by 0.4% in the 2nd quarter. Northern Trust Corp now owns 96,567,563 shares of the software giant’s stock valued at $12,936,190,000 after acquiring an additional 385,074 shares during the last quarter. Nuveen Asset Management LLC lifted its stake in shares of Microsoft by 2,651.8% in the 2nd quarter. Nuveen Asset Management LLC now owns 67,353,275 shares of the software giant’s stock valued at $9,022,645,000 after acquiring an additional 64,905,685 shares during the last quarter. Janus Henderson Group PLC lifted its stake in shares of Microsoft by 0.7% in the 2nd quarter. Janus Henderson Group PLC now owns 52,986,086 shares of the software giant’s stock valued at $7,097,675,000 after acquiring an additional 342,648 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Microsoft by 2.3% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 34,368,268 shares of the software giant’s stock valued at $4,603,974,000 after acquiring an additional 782,124 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

A number of research analysts have recently commented on the company. UBS Group set a $162.00 price target on Microsoft and gave the company a “buy” rating in a research note on Friday, July 19th. Canaccord Genuity increased their price objective on Microsoft from $145.00 to $155.00 and gave the company a “buy” rating in a report on Friday, July 19th. Mizuho increased their price objective on Microsoft from $152.00 to $160.00 and gave the company a “buy” rating in a report on Monday, October 28th. 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, DZ Bank restated a “buy” rating on shares of Microsoft in a report on Friday, July 19th. One equities research analyst has rated the stock with a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $159.45.

Shares of Microsoft stock opened at $144.06 on Thursday. The company has a current ratio of 2.85, a quick ratio of 2.81 and a debt-to-equity ratio of 0.69. The business has a 50-day moving average price of $139.62 and a two-hundred day moving average price of $134.82. Microsoft Co. has a 1-year low of $93.96 and a 1-year high of $145.67. The company has a market cap of $1,102.74 billion, a P/E ratio of 28.97, a PEG ratio of 2.27 and a beta of 1.23.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Wednesday, October 23rd. The software giant reported $1.38 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.24 by $0.14. Microsoft had a return on equity of 39.14% and a net margin of 31.66%. The firm had revenue of $33.06 billion during the quarter, compared to the consensus estimate of $32.24 billion. During the same period last year, the business posted $1.14 EPS. The business’s revenue was up 13.7% compared to the same quarter last year. Equities research analysts forecast that Microsoft Co. will post 5.35 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be issued a dividend of $0.51 per share. This is an increase from Microsoft’s previous quarterly dividend of $0.46. This represents a $2.04 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date is Wednesday, November 20th. Microsoft’s dividend payout ratio (DPR) is presently 38.74%.

Microsoft declared that its board has initiated a share buyback program on Wednesday, September 18th that authorizes the company to buyback $40.00 billion in outstanding shares. This buyback authorization authorizes the software giant to reacquire up to 3.8% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

In other news, CFO Amy Hood sold 123,769 shares of the stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $137.26, for a total transaction of $16,988,532.94. Following the transaction, the chief financial officer now owns 433,940 shares of the company’s stock, valued at approximately $59,562,604.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jean Philippe Courtois sold 11,779 shares of the stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $140.00, for a total transaction of $1,649,060.00. Following the transaction, the executive vice president now directly owns 597,727 shares in the company, valued at approximately $83,681,780. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 337,304 shares of company stock valued at $46,430,594. Company insiders own 1.39% of the company’s stock.

About Microsoft

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: Float

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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