Telos Capital Management Inc. Increases Position in Microsoft Co.
Telos Capital Management Inc. has announced that it increased its position in Microsoft Co. (NASDAQ:MSFT) by 1.3% during the third quarter. This increase comes as Telos Capital Management acquired an additional 416 shares of the software giant's stock, bringing their total shares to 32,796. Microsoft makes up about 1.4% of Telos Capital Management's holdings, making it their 21st biggest holding. The total value of Telos Capital Management's holdings in Microsoft is now worth $10,355,000.
Insider Transactions at Microsoft
Insider transactions at Microsoft include Bradford L. Smith, who recently sold 3,303 shares of the company's stock. This transaction, which took place on Monday, February 5th, had an average price of $406.12, resulting in a total value of $1,341,414.36. Following this sale, Smith now directly owns 570,826 shares of Microsoft's stock, valued at approximately $231,823,855.12. Smith also recently sold 45,000 shares on Friday, February 2nd, at an average price of $411.78, for a total value of $18,530,100.00. After this sale, Smith now directly owns 574,129 shares of Microsoft's stock, valued at approximately $236,414,839.62. In the past three months, insiders have sold a total of 72,984 shares of company stock, valued at $28,978,803. Currently, company insiders own 0.03% of the stock.
Wall Street Analysts Weigh In
Several Wall Street analysts have recently weighed in on Microsoft's stock. Royal Bank of Canada, Tigress Financial, BMO Capital Markets, The Goldman Sachs Group, and Oppenheimer have all given ratings and set target prices for the stock. The overall average rating is a "Moderate Buy" with an average price target of $411.06.
Microsoft's Stock Performance
Shares of Microsoft stock opened at $404.06. The company currently has a market cap of $3.00 trillion, a P/E ratio of 36.53, a PEG ratio of 2.18, and a beta of 0.90. Microsoft's 12-month low is $245.61 and the 12-month high is $420.82.
Microsoft's Earnings Report
Microsoft recently released its earnings report on January 30th. The software giant reported earnings per share of $2.93 for the quarter, beating analysts' consensus estimates of $2.76 by $0.17. The firm had revenue of $62.02 billion for the quarter, compared to analysts' estimates of $61.14 billion. Microsoft had a net margin of 36.27% and a return on equity of 38.40%. The company's revenue was up 17.6% compared to the same quarter last year. Analysts expect Microsoft to post 11.6 EPS for the current year.
Quarterly Dividend Announcement
Microsoft also recently announced a quarterly dividend, which will be paid on Thursday, March 14th. Stockholders of record on Thursday, February 15th will receive a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date is Wednesday, February 14th. Microsoft's dividend payout ratio is currently 27.12%.
About Microsoft Corporation
Microsoft Corporation is a global tech company that develops and supports software, services, devices, and solutions.
Analyst comment
Positive news: Telos Capital Management Inc. increased its position in Microsoft Co. by 1.3% in the third quarter. Analyst prediction: The market for Microsoft will remain stable with a potential increase due to the positive sentiment towards the company’s stock and its strong financial performance.
