Wealth Advisors of Tampa Bay LLC decreased its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 2.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,331 shares of the software giant’s stock after selling 1,054 shares during the quarter. Microsoft makes up 3.2% of Wealth Advisors of Tampa Bay LLC’s portfolio, making the stock its 11th largest position. Wealth Advisors of Tampa Bay LLC’s holdings in Microsoft were worth $4,148,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Sawtooth Solutions LLC increased its holdings in shares of Microsoft by 90.4% during the 4th quarter. Sawtooth Solutions LLC now owns 16,833 shares of the software giant’s stock valued at $1,440,000 after acquiring an additional 7,993 shares during the last quarter. Hilton Capital Management LLC increased its holdings in shares of Microsoft by 80.3% during the 4th quarter. Hilton Capital Management LLC now owns 17,747 shares of the software giant’s stock valued at $1,518,000 after acquiring an additional 7,904 shares during the last quarter. Letko Brosseau & Associates Inc. acquired a new position in shares of Microsoft during the 4th quarter valued at about $231,000. Ashburton Jersey Ltd increased its holdings in shares of Microsoft by 8.4% during the 4th quarter. Ashburton Jersey Ltd now owns 272,661 shares of the software giant’s stock valued at $23,323,000 after acquiring an additional 21,111 shares during the last quarter. Finally, Stony Point Wealth Management Inc. acquired a new position in shares of Microsoft during the 4th quarter valued at about $335,000. Institutional investors own 71.80% of the company’s stock.
In other news, CMO Christopher C. Capossela sold 23,337 shares of Microsoft stock in a transaction that occurred on Monday, September 10th. The stock was sold at an average price of $109.22, for a total transaction of $2,548,867.14. Following the sale, the chief marketing officer now owns 190,570 shares of the company’s stock, valued at approximately $20,814,055.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jean Philippe Courtois sold 28,939 shares of Microsoft stock in a transaction that occurred on Thursday, August 9th. The stock was sold at an average price of $110.00, for a total value of $3,183,290.00. Following the sale, the insider now directly owns 500,782 shares in the company, valued at approximately $55,086,020. The disclosure for this sale can be found here. Insiders have sold a total of 650,042 shares of company stock worth $71,264,850 in the last three months. 1.49% of the stock is owned by insiders.
MSFT has been the topic of a number of analyst reports. Jefferies Financial Group set a $75.00 price objective on Microsoft and gave the company a “sell” rating in a report on Monday, June 18th. Atlantic Securities raised Microsoft from a “neutral” rating to an “overweight” rating in a report on Monday, June 25th. BidaskClub lowered Microsoft from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 26th. Sanford C. Bernstein reissued a “buy” rating and set a $123.00 price objective on shares of Microsoft in a report on Tuesday, July 3rd. Finally, Morgan Stanley set a $130.00 price objective on Microsoft and gave the company a “buy” rating in a report on Monday, July 9th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, thirty-one have given a buy rating and two have issued a strong buy rating to the company’s stock. Microsoft presently has an average rating of “Buy” and a consensus target price of $120.60.
Shares of NASDAQ:MSFT opened at $109.57 on Friday. Microsoft Co. has a 1-year low of $77.25 and a 1-year high of $116.18. The company has a market cap of $880.63 billion, a PE ratio of 28.24, a PEG ratio of 2.19 and a beta of 1.28. The company has a current ratio of 2.90, a quick ratio of 2.86 and a debt-to-equity ratio of 0.94.
Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Thursday, July 19th. The software giant reported $1.13 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.05. Microsoft had a return on equity of 36.69% and a net margin of 15.02%. The company had revenue of $30.09 billion for the quarter, compared to analyst estimates of $29.23 billion. During the same quarter last year, the firm earned $0.75 EPS. Microsoft’s revenue for the quarter was up 17.5% compared to the same quarter last year. Research analysts expect that Microsoft Co. will post 4.25 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 13th. Stockholders of record on Thursday, November 15th will be issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 1.68%. The ex-dividend date is Wednesday, November 14th. This is a positive change from Microsoft’s previous quarterly dividend of $0.42. Microsoft’s dividend payout ratio (DPR) is presently 43.30%.
Microsoft Company 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 for businesses, 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.
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