Microsoft Co. (NASDAQ:MSFT) Shares Sold by Radnor Capital Management LLC

Radnor Capital Management LLC cut its position in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 6.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 29,379 shares of the software giant’s stock after selling 1,951 shares during the quarter. Microsoft comprises 2.1% of Radnor Capital Management LLC’s portfolio, making the stock its 5th biggest position. Radnor Capital Management LLC’s holdings in Microsoft were worth $7,545,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC grew its stake in shares of Microsoft by 5.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 134,115 shares of the software giant’s stock valued at $42,237,000 after buying an additional 7,210 shares in the last quarter. Arbor Investment Advisors LLC grew its stake in shares of Microsoft by 12.6% in the first quarter. Arbor Investment Advisors LLC now owns 12,142 shares of the software giant’s stock valued at $3,743,000 after buying an additional 1,357 shares in the last quarter. KRS Capital Management LLC grew its stake in shares of Microsoft by 4.8% in the first quarter. KRS Capital Management LLC now owns 4,781 shares of the software giant’s stock valued at $1,474,000 after buying an additional 218 shares in the last quarter. Dfpg Investments LLC grew its stake in shares of Microsoft by 22.9% in the first quarter. Dfpg Investments LLC now owns 27,038 shares of the software giant’s stock valued at $7,585,000 after buying an additional 5,030 shares in the last quarter. Finally, Allworth Financial LP grew its stake in shares of Microsoft by 41.4% in the first quarter. Allworth Financial LP now owns 147,385 shares of the software giant’s stock valued at $45,441,000 after buying an additional 43,189 shares in the last quarter. 69.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Microsoft

In related news, CMO Christopher C. Capossela sold 5,000 shares of the firm’s 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 directly owns 109,837 shares in the company, valued at approximately $29,244,101.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.05% of the stock is owned by insiders.

Microsoft Stock Down 1.4 %

Shares of Microsoft stock opened at $238.95 on Thursday. The company has a current ratio of 1.78, a quick ratio of 1.75 and a debt-to-equity ratio of 0.28. The business’s 50 day simple moving average is $267.91 and its 200-day simple moving average is $272.92. The stock has a market capitalization of $1.78 trillion, a price-to-earnings ratio of 24.79, a PEG ratio of 2.06 and a beta of 0.94. Microsoft Co. has a twelve month low of $238.90 and a twelve month high of $349.67.

Microsoft (NASDAQ:MSFTGet Rating) last announced its quarterly earnings results on Tuesday, July 26th. The software giant reported $2.23 earnings per share for the quarter, missing analysts’ consensus estimates of $2.28 by ($0.05). The company 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 quarter in the previous year, the company posted $2.17 earnings per share. Equities research analysts forecast that Microsoft Co. will post 10.15 earnings per share for the current year.

Microsoft Increases Dividend

The firm 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 is a boost from Microsoft’s previous quarterly dividend of $0.62. This represents a $2.72 annualized dividend and a yield of 1.14%. The ex-dividend date is Wednesday, November 16th. Microsoft’s dividend payout ratio (DPR) is currently 25.73%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Guggenheim assumed coverage on Microsoft in a research note on Friday, August 12th. They issued a “neutral” rating and a $292.00 target price for the company. KeyCorp lowered their target price on Microsoft from $373.00 to $330.00 and set an “overweight” rating for the company in a research note on Thursday, July 7th. Citigroup lowered their target price on Microsoft from $330.00 to $300.00 and set a “buy” rating for the company in a research note on Wednesday, July 27th. Rosenblatt Securities reduced their price target on Microsoft from $349.00 to $330.00 and set a “buy” rating for the company in a report on Tuesday, July 26th. Finally, Stifel Nicolaus reduced their price target on Microsoft from $320.00 to $300.00 and set a “buy” rating for the company in a report on Wednesday, July 27th. Two analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company’s stock. According to MarketBeat.com, Microsoft presently has an average rating of “Moderate Buy” and a consensus price target of $334.31.

About Microsoft

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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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