180 Wealth Advisors LLC Has $30.12 Million Position in Microsoft Co. (NASDAQ:MSFT)

180 Wealth Advisors LLC boosted its holdings in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 1.0% in the second quarter, Holdings Channel reports. The firm owned 116,013 shares of the software giant’s stock after purchasing an additional 1,165 shares during the quarter. Microsoft comprises about 7.7% of 180 Wealth Advisors LLC’s portfolio, making the stock its biggest holding. 180 Wealth Advisors LLC’s holdings in Microsoft were worth $30,115,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MSFT. University of Texas Texas AM Investment Managment Co. raised its stake in shares of Microsoft by 1,316.7% in the first quarter. University of Texas Texas AM Investment Managment Co. now owns 85 shares of the software giant’s stock valued at $26,000 after acquiring an additional 79 shares during the last quarter. Monumental Financial Group Inc. bought a new position in shares of Microsoft in the first quarter valued at approximately $28,000. Shore Point Advisors LLC bought a new position in shares of Microsoft in the fourth quarter valued at approximately $40,000. Tobam raised its stake in shares of 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. Finally, Artemis Wealth Advisors LLC bought a new position in shares of Microsoft in the first quarter valued at approximately $68,000. Institutional investors own 69.29% of the company’s stock.

Insider Activity at Microsoft

In related news, CMO Christopher C. Capossela sold 5,000 shares of Microsoft stock in a transaction that occurred on Monday, September 12th. The stock was sold at an average price of $266.25, for a total value of $1,331,250.00. Following the sale, the chief marketing officer now owns 109,837 shares of the company’s stock, valued at approximately $29,244,101.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.05% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on MSFT shares. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Microsoft from $350.00 to $330.00 and set a “buy” rating for the company in a report on Wednesday, July 27th. Credit Suisse Group set a $400.00 price target on shares of Microsoft in a report on Tuesday, July 26th. Stifel Nicolaus lowered their price target on shares of Microsoft from $320.00 to $300.00 and set a “buy” rating for the company in a report on Wednesday, July 27th. BMO Capital Markets raised their price target on shares of Microsoft from $305.00 to $320.00 and gave the company an “outperform” rating in a report on Wednesday, July 27th. Finally, Cowen lowered their price target on shares of Microsoft from $330.00 to $320.00 and set an “outperform” rating for the company in a report on Friday, July 22nd. Two investment analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company. According to data from MarketBeat, Microsoft has an average rating of “Moderate Buy” and an average target price of $334.31.

Microsoft Trading Down 1.4 %

NASDAQ MSFT opened at $238.95 on Thursday. The firm has a market cap of $1.78 trillion, a P/E ratio of 24.79, a P/E/G ratio of 2.06 and a beta of 0.94. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.78 and a quick ratio of 1.75. The stock’s 50-day moving average is $267.91 and its 200-day moving average is $272.92. Microsoft Co. has a one year low of $238.90 and a one year high of $349.67.

Microsoft (NASDAQ:MSFTGet Rating) last released its quarterly earnings results on Tuesday, July 26th. The software giant reported $2.23 EPS for the quarter, missing analysts’ consensus estimates of $2.28 by ($0.05). The business had revenue of $51.87 billion for the quarter, compared to analyst estimates of $52.31 billion. Microsoft had a return on equity of 43.31% and a net margin of 36.69%. During the same period in the prior year, the business earned $2.17 EPS. Sell-side analysts anticipate that Microsoft Co. will post 10.15 earnings per share for the current fiscal year.

Microsoft Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 8th. Investors of record on Thursday, November 17th will be given a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date is Wednesday, November 16th. This is a positive change from Microsoft’s previous quarterly dividend of $0.62. Microsoft’s dividend payout ratio (DPR) is currently 25.73%.

About Microsoft

(Get Rating)

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. 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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