Lake Street Advisors Group LLC Decreases Stock Position in Microsoft Co. (NASDAQ:MSFT)

Lake Street Advisors Group LLC cut its holdings in Microsoft Co. (NASDAQ:MSFTGet Rating) by 1.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 80,189 shares of the software giant’s stock after selling 1,009 shares during the quarter. Microsoft comprises 1.5% of Lake Street Advisors Group LLC’s holdings, making the stock its 19th largest position. Lake Street Advisors Group LLC’s holdings in Microsoft were worth $20,595,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of MSFT. Aaron Wealth Advisors LLC raised its stake 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 worth $66,852,000 after purchasing an additional 20,553,188 shares during the last quarter. Vanguard Group Inc. grew its holdings in Microsoft by 0.9% during the first quarter. Vanguard Group Inc. now owns 621,598,157 shares of the software giant’s stock worth $191,644,927,000 after acquiring an additional 5,648,095 shares during the period. Swiss National Bank grew its holdings 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 acquiring an additional 3,757,500 shares during the period. Jennison Associates LLC grew its holdings 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 acquiring an additional 2,696,424 shares during the period. Finally, Verity Asset Management Inc. grew its holdings 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 acquiring an additional 2,038,237 shares during the period. 69.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

Several analysts recently commented on MSFT shares. Guggenheim started coverage on Microsoft in a report on Friday, August 12th. They set a “neutral” rating and a $292.00 target price on the stock. Cowen dropped their target price on Microsoft from $310.00 to $285.00 and set an “outperform” rating on the stock in a report on Wednesday, October 26th. Credit Suisse Group dropped their price objective on Microsoft from $400.00 to $365.00 and set an “outperform” rating on the stock in a report on Wednesday, October 26th. Wedbush dropped their price objective on Microsoft from $320.00 to $290.00 and set an “outperform” rating on the stock in a report on Wednesday, October 26th. Finally, Raymond James dropped their price objective on Microsoft from $300.00 to $280.00 and set an “outperform” rating on the stock in a report on Wednesday, October 26th. Three equities research analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company. According to MarketBeat, Microsoft has an average rating of “Moderate Buy” and a consensus target price of $300.64.

Microsoft Trading Up 0.2 %

Shares of NASDAQ MSFT opened at $241.97 on Wednesday. Microsoft Co. has a twelve month low of $213.43 and a twelve month high of $349.67. The company has a current ratio of 1.84, a quick ratio of 1.79 and a debt-to-equity ratio of 0.26. The stock has a fifty day simple moving average of $238.98 and a 200-day simple moving average of $257.06. The stock has a market capitalization of $1.80 trillion, a PE ratio of 26.07, a PEG ratio of 2.38 and a beta of 0.92.

Microsoft (NASDAQ:MSFTGet Rating) last issued its quarterly earnings data on Tuesday, October 25th. The software giant reported $2.35 earnings per share for the quarter, beating analysts’ consensus estimates of $2.30 by $0.05. Microsoft had a return on equity of 42.10% and a net margin of 34.37%. The business had revenue of $50.12 billion during the quarter, compared to analysts’ expectations of $49.70 billion. During the same period in the previous year, the firm posted $2.27 earnings per share. The company’s revenue was up 10.6% on a year-over-year basis. On average, equities analysts forecast that Microsoft Co. will post 9.62 earnings per share for the current year.

Microsoft Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 8th. Investors of record on Thursday, November 17th will be paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 1.12%. 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 payout ratio is presently 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.

See Also

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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