Microsoft Co. (NASDAQ:MSFT) Shares Sold by Sage Mountain Advisors LLC

Sage Mountain Advisors LLC lessened its position in Microsoft Co. (NASDAQ:MSFTGet Rating) by 18.8% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 17,818 shares of the software giant’s stock after selling 4,125 shares during the period. Microsoft comprises about 0.8% of Sage Mountain Advisors LLC’s holdings, making the stock its 15th biggest position. Sage Mountain Advisors LLC’s holdings in Microsoft were worth $4,576,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of MSFT. Aaron Wealth Advisors LLC raised its position in shares of Microsoft by 35,465.9% in the first quarter. Aaron Wealth Advisors LLC now owns 20,611,140 shares of the software giant’s stock valued at $66,852,000 after buying an additional 20,553,188 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Microsoft by 0.9% in the first quarter. Vanguard Group Inc. now owns 621,598,157 shares of the software giant’s stock valued at $191,644,927,000 after buying an additional 5,648,095 shares during the last quarter. Swiss National Bank increased its position in Microsoft by 13.8% during the first quarter. Swiss National Bank now owns 30,893,155 shares of the software giant’s stock worth $9,524,669,000 after purchasing an additional 3,757,500 shares during the last quarter. Jennison Associates LLC increased its position in Microsoft by 13.2% during the first quarter. Jennison Associates LLC now owns 23,092,331 shares of the software giant’s stock worth $7,119,597,000 after purchasing an additional 2,696,424 shares during the last quarter. Finally, Verity Asset Management Inc. increased its position in Microsoft by 21,811.0% during the first quarter. Verity Asset Management Inc. now owns 2,047,582 shares of the software giant’s stock worth $2,901,000 after purchasing an additional 2,038,237 shares during the last quarter. Institutional investors and hedge funds own 69.29% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on MSFT shares. UBS Group dropped their price target on shares of Microsoft from $330.00 to $300.00 and set a “buy” rating for the company in a research report on Thursday, October 20th. Morgan Stanley dropped their price target on shares of Microsoft from $325.00 to $307.00 and set an “overweight” rating for the company in a research report on Wednesday, October 26th. Evercore ISI dropped their price target on shares of Microsoft from $330.00 to $300.00 and set an “outperform” rating for the company in a research report on Wednesday, October 26th. Royal Bank of Canada dropped their price target on shares of Microsoft from $380.00 to $310.00 and set an “outperform” rating for the company in a research report on Wednesday, October 26th. Finally, Wedbush decreased their price objective on shares of Microsoft from $320.00 to $290.00 and set an “outperform” rating for the company in a research note on Wednesday, October 26th. Three analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $300.64.

Insiders Place Their Bets

In other Microsoft news, CMO Christopher C. Capossela sold 5,000 shares of the stock in a transaction on Monday, September 12th. The shares were sold at an average price of $266.25, for a total transaction of $1,331,250.00. Following the sale, the chief marketing officer now directly owns 109,837 shares of the company’s stock, valued at $29,244,101.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.03% of the stock is owned by corporate insiders.

Microsoft Trading Up 1.7 %

MSFT opened at $247.11 on Friday. The stock has a market capitalization of $1.84 trillion, a PE ratio of 26.63, a P/E/G ratio of 2.16 and a beta of 0.92. The firm’s fifty day moving average price is $239.49 and its 200 day moving average price is $257.83. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.84 and a quick ratio of 1.79. Microsoft Co. has a 12-month low of $213.43 and a 12-month high of $349.67.

Microsoft (NASDAQ:MSFTGet Rating) last issued its earnings results on Tuesday, October 25th. The software giant reported $2.35 earnings per share for the quarter, topping analysts’ consensus estimates of $2.30 by $0.05. The company had revenue of $50.12 billion for the quarter, compared to analysts’ expectations of $49.70 billion. Microsoft had a net margin of 34.37% and a return on equity of 42.10%. The firm’s revenue was up 10.6% compared to the same quarter last year. During the same period in the prior year, the company earned $2.27 earnings per share. As a group, research analysts expect that Microsoft Co. will post 9.62 EPS for the current fiscal year.

Microsoft Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 8th. Shareholders of record on Thursday, November 17th will be issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.10%. This is a boost from Microsoft’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Wednesday, November 16th. Microsoft’s dividend payout ratio is 26.72%.

Microsoft Company Profile

(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.

Further Reading

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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