Microsoft Co. (NASDAQ:MSFT) Shares Sold by Pegasus Asset Management Inc.

Pegasus Asset Management Inc. lessened its stake in Microsoft Co. (NASDAQ:MSFTGet Rating) by 1.1% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 38,570 shares of the software giant’s stock after selling 438 shares during the period. Microsoft comprises approximately 5.4% of Pegasus Asset Management Inc.’s portfolio, making the stock its 3rd largest position. Pegasus Asset Management Inc.’s holdings in Microsoft were worth $9,906,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Strategic Asset Management LLC lifted its stake in shares of Microsoft by 5.9% during the first quarter. Strategic Asset Management LLC now owns 659 shares of the software giant’s stock valued at $203,000 after buying an additional 37 shares during the period. Virginia Wealth Management Group Inc. raised its stake in Microsoft by 0.3% during the first quarter. Virginia Wealth Management Group Inc. now owns 12,676 shares of the software giant’s stock worth $3,830,000 after purchasing an additional 37 shares during the period. Northwest Wealth Management LLC raised its stake in Microsoft by 0.8% during the first quarter. Northwest Wealth Management LLC now owns 4,536 shares of the software giant’s stock worth $1,399,000 after purchasing an additional 37 shares during the period. Flynn Zito Capital Management LLC raised its stake in Microsoft by 0.4% during the first quarter. Flynn Zito Capital Management LLC now owns 10,532 shares of the software giant’s stock worth $3,247,000 after purchasing an additional 38 shares during the period. Finally, Trinity Financial Advisors LLC raised its stake in Microsoft by 0.9% during the first quarter. Trinity Financial Advisors LLC now owns 4,636 shares of the software giant’s stock worth $1,429,000 after purchasing an additional 40 shares during the period. Institutional investors and hedge funds own 69.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. UBS Group cut their price target on shares of Microsoft from $330.00 to $300.00 and set a “buy” rating on the stock in a research note on Thursday, October 20th. Stifel Nicolaus cut their price target on shares of Microsoft from $300.00 to $290.00 and set a “buy” rating on the stock in a research note on Wednesday, October 26th. StockNews.com assumed coverage on shares of Microsoft in a research note on Wednesday, October 12th. They set a “buy” rating on the stock. Royal Bank of Canada cut their price target on shares of Microsoft from $380.00 to $310.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 26th. Finally, Piper Sandler dropped their price objective on shares of Microsoft from $275.00 to $265.00 and set an “overweight” rating for the company in a research report on Wednesday, October 26th. Three analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $300.64.

Insider Transactions at Microsoft

In other news, CMO Christopher C. Capossela sold 5,000 shares of the firm’s stock in a transaction dated Monday, September 12th. The shares were sold at an average price of $266.25, for a total value of $1,331,250.00. Following the transaction, 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 is available at this link. Insiders own 0.03% of the company’s stock.

Microsoft Trading Up 8.2 %

NASDAQ MSFT opened at $242.98 on Friday. Microsoft Co. has a 12 month low of $213.43 and a 12 month high of $349.67. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.84 and a quick ratio of 1.79. The company has a market capitalization of $1.81 trillion, a price-to-earnings ratio of 26.18, a price-to-earnings-growth ratio of 2.20 and a beta of 0.92. The company’s fifty day moving average price is $239.67 and its two-hundred day moving average price is $258.15.

Microsoft (NASDAQ:MSFTGet Rating) last posted its quarterly earnings results on Tuesday, October 25th. The software giant reported $2.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.30 by $0.05. Microsoft had a net margin of 34.37% and a return on equity of 42.10%. The company had revenue of $50.12 billion for the quarter, compared to the consensus estimate of $49.70 billion. During the same period last year, the firm posted $2.27 EPS. The company’s revenue for the quarter was up 10.6% on a year-over-year basis. As a group, research analysts predict that Microsoft Co. will post 9.63 earnings per share for the current fiscal year.

Microsoft Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 8th. Stockholders of record on Thursday, November 17th will be given a $0.68 dividend. This is an increase from Microsoft’s previous quarterly dividend of $0.62. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend is Wednesday, November 16th. Microsoft’s dividend payout ratio (DPR) is presently 26.72%.

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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