Granger Management LLC Sells 1,663 Shares of Microsoft Co. (NASDAQ:MSFT)

Posted by MarketBeat News on Aug 3rd, 2022

Granger Management LLC trimmed its position in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 13.4% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 10,781 shares of the software giant’s stock after selling 1,663 shares during the period. Microsoft comprises approximately 0.9% of Granger Management LLC’s holdings, making the stock its 11th largest holding. Granger Management LLC’s holdings in Microsoft were worth $3,324,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Joseph Group Capital Management acquired a new position in Microsoft during the 4th quarter valued at about $1,535,000. Shore Point Advisors LLC acquired a new position in Microsoft in the fourth quarter valued at approximately $40,000. Tobam boosted its stake in Microsoft by 15,400.0% in the first quarter. Tobam now owns 155 shares of the software giant’s stock valued at $48,000 after acquiring an additional 154 shares during the last quarter. Artemis Wealth Advisors LLC acquired a new stake in Microsoft during the 1st quarter worth $68,000. Finally, Evolution Advisers Inc. bought a new stake in shares of Microsoft during the 4th quarter valued at $84,000. Institutional investors own 69.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on MSFT. Citigroup decreased their price objective on Microsoft from $330.00 to $300.00 and set a “buy” rating for the company in a research note on Wednesday, July 27th. UBS Group set a $330.00 price target on Microsoft in a research note on Monday, June 20th. The Goldman Sachs Group set a $365.00 price objective on shares of Microsoft in a research note on Wednesday, April 27th. Cowen reaffirmed a “maintains” rating and issued a $320.00 target price (down previously from $330.00) on shares of Microsoft in a research note on Wednesday, July 27th. Finally, Evercore ISI decreased their price target on shares of Microsoft from $370.00 to $330.00 and set an “inline” rating for the company in a report on Wednesday, April 27th. One research analyst has rated the stock with a hold rating and twenty-nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $334.47.

Microsoft Trading Down 1.1 %

Microsoft stock opened at $274.82 on Wednesday. The stock has a 50-day simple moving average of $262.01 and a 200 day simple moving average of $280.55. The stock has a market capitalization of $2.05 trillion, a P/E ratio of 28.51, a PEG ratio of 2.36 and a beta of 0.93. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.75 and a current ratio of 1.78. Microsoft Co. has a 52 week low of $241.51 and a 52 week high of $349.67.

Microsoft (NASDAQ:MSFT – Get Rating) last announced its quarterly earnings results on Tuesday, July 26th. The software giant reported $2.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.29 by ($0.06). Microsoft had a net margin of 36.69% and a return on equity of 43.31%. During the same period last year, the company posted $2.17 EPS. Analysts expect that Microsoft Co. will post 10.14 earnings per share for the current year.

Microsoft Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 8th. Stockholders of record on Thursday, August 18th will be issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date of this dividend is Wednesday, August 17th. Microsoft’s dividend payout ratio is presently 25.73%.

Microsoft Profile

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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 organizations and enterprise divisions.