Athena Investment Management has a $4.10 million position in Microsoft Company (NASDAQ:MSFT)

Athena Investment Management boosted its stake in Microsoft Company (NASDAQ: MSFT — Get Rating) by 5.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor held 15,975 shares of the software giant’s stock after receiving an additional 890 shares during the quarter. Microsoft accounts for about 3.2% of Athena Investment Management’s portfolio, making the stock its 5th largest position. Athena Investment Management’s holding in Microsoft was $4,103,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of MSFT. Aaron Wealth Advisors LLC increased its holding in Microsoft shares to 35,465.9% in the first quarter. Aaron Wealth Advisors LLC now owns 20,611,140 shares of the software giant’s stock worth $66,852,000 after buying an additional 20,553,188 shares during the last quarter. Vanguard Group Inc. raised its stake in Microsoft shares by 0.9% during the first quarter. After buying an additional 5,648,095 shares last quarter, Vanguard Group Inc. holds 621,598,157 shares of the software giant worth $191,644,927,000. The Swiss National Bank gained 13.8% in Microsoft shares during the first quarter. The Swiss National Bank now owns 30,893,155 shares of the software giant’s stock worth $9,524,669,000 after buying an additional 3,757,500 shares last quarter. Jennison Associates LLC increased its stake in Microsoft to 13.2% in the first quarter. Jennison Associates LLC now owns 23,092,331 shares of the software giant’s stock valued at $7,119,597,000 after buying an additional 2,696,424 shares in the last quarter. Lastly, Verity Asset Management Inc. increased its stake in Microsoft shares to 21,811.0% during the first quarter. After purchasing an additional 2,038,237 shares during this period, Verity Asset Management Inc. now owns 2,047,582 shares of the software giant’s stock valued at $2,901,000. Institutional investors and hedge funds own 69.29% of the company’s stock.

Insider Buying and Selling at Microsoft

In other news, CMO Christopher C. Caposella sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, September 12. The stock was sold at an average price of $266.25 for a total value of $1,331,250.00. Following the completion of the transaction, the chief marketing officer now holds 109,837 shares in the company, which are valued at approximately $29,244,101.25. The transaction was disclosed in a document filed with the SEC, which is available on the SEC’s website. Company insiders hold 0.03% of the company’s stock.

microsoft stock performance

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NASDAQ: MSFT opened Monday at $241.22. The stock has a market cap of $1.80 trillion, a P/E ratio of 25.99, a price-to-earnings-growth ratio of 2.32, and a beta of 0.92. Microsoft Co. The 1-Year Low is $213.43 and the 1-Year High is $349.67. The 50-day moving average of the stock is $237.85 and its 200-day moving average is $256.14. The company’s current ratio is 1.84, quick ratio is 1.79 and debt-to-equity ratio is 0.26.

Microsoft (NASDAQ: MSFT – Receive Rating) last posted its earnings results on Tuesday, October 25. The software giant reported $2.35 EPS for the quarter, topping the consensus estimate of $2.30 by $0.05. The company’s revenue during the quarter was $50.12 billion, compared to consensus estimates of $49.70 billion. Microsoft had a net margin of 34.37% and a return on equity of 42.10%. The firm’s revenue for the quarter was up 10.6% on a year-on-year basis. During the same period last year, the firm reported earnings per share of $2.27. Equity research analysts estimate that Microsoft Company will earn 9.62 earnings per share for the current year.

Microsoft raises dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 8th. A dividend of $0.68 per share will be paid to shareholders of record on Thursday, November 17. The ex-dividend date is Wednesday, November 16. This is a positive change from Microsoft’s previous quarterly dividend of $0.62. This represents a $2.72 annual dividend and a dividend yield of 1.13%. Microsoft’s dividend payout ratio is 29.31%.

Analysts set new price targets

Several equity analysts have weighed in on MSFT shares recently. Citigroup reduced its price target on Microsoft from $300.00 to $282.00 and set a “buy” rating on the company in a report on Wednesday, October 19. Macquarie assumed coverage on Microsoft in a research report on Wednesday, November 2. He set a “neutral” rating and $234.00 price objective on the stock. Cowen reduced its target price on Microsoft from $310.00 to $285.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 26. Moffett Nathanson assumed coverage on Microsoft in a research report on Thursday, September 22. He issued a “Hold” rating and a target price of $285.00 on the stock. Finally, Wells Fargo & Company dropped its target price on Microsoft from $315.00 to $300.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 26. Three analysts have a hold rating on the company and thirty one have issued a buy rating on the company. The stock has an average rating of “Moderate Buy” and a consensus price target of $300.64, based on data from MarketBeat.com.

about microsoft

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Microsoft Corporation develops, licenses and supports software, services, tools and solutions around the world. The company operates in three segments: Productivity and Business Processes, Intelligent Cloud and More Personal Computing. The Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, Microsoft Viva, and Skype for Business; Skype, Outlook.com, OneDrive and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and enterprise divisions.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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