Goodman Advisory Group LLC Reduces Stake in Microsoft Co. (NASDAQ:MSFT)

Goodman Advisory Group LLC cut its holdings in Microsoft Co. (NASDAQ:MSFTGet Rating) by 26.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,526 shares of the software giant’s stock after selling 7,027 shares during the quarter. Microsoft comprises about 2.2% of Goodman Advisory Group LLC’s investment portfolio, making the stock its 8th biggest holding. Goodman Advisory Group LLC’s holdings in Microsoft were worth $5,015,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MSFT. Cooper Financial Group raised its position in Microsoft by 1.9% in the first quarter. Cooper Financial Group now owns 36,136 shares of the software giant’s stock worth $11,141,000 after acquiring an additional 674 shares in the last quarter. DGS Capital Management LLC raised its holdings in Microsoft by 19.9% during the 1st quarter. DGS Capital Management LLC now owns 14,342 shares of the software giant’s stock worth $4,422,000 after buying an additional 2,383 shares during the period. IFM Investors Pty Ltd raised its holdings in Microsoft by 20.8% during the 1st quarter. IFM Investors Pty Ltd now owns 1,138,469 shares of the software giant’s stock worth $351,001,000 after buying an additional 196,338 shares during the period. Kwmg LLC raised its holdings in Microsoft by 2.4% during the 1st quarter. Kwmg LLC now owns 18,890 shares of the software giant’s stock worth $5,824,000 after buying an additional 437 shares during the period. Finally, Essex LLC raised its holdings in Microsoft by 194.4% during the 1st quarter. Essex LLC now owns 14,230 shares of the software giant’s stock worth $4,387,000 after buying an additional 9,396 shares during the period. 69.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on MSFT. Barclays set a $296.00 price objective on Microsoft in a report on Tuesday, November 1st. JPMorgan Chase & Co. cut their price objective on Microsoft from $305.00 to $275.00 in a report on Wednesday, October 26th. 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. Itaú Unibanco assumed coverage on shares of Microsoft in a report on Tuesday, July 26th. They set an “outperform” rating and a $287.00 price target for the company. Finally, Credit Suisse Group dropped their price objective on shares of Microsoft from $400.00 to $365.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 26th. Three investment analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $300.64.

Microsoft Stock Performance

Shares of NASDAQ MSFT opened at $241.22 on Friday. The company has a quick ratio of 1.79, a current ratio of 1.84 and a debt-to-equity ratio of 0.26. The business’s 50 day moving average is $237.85 and its two-hundred day moving average is $256.55. The company has a market cap of $1.80 trillion, a P/E ratio of 25.99, a P/E/G ratio of 2.33 and a beta of 0.92. 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 quarterly earnings results on Tuesday, October 25th. The software giant reported $2.35 EPS for the quarter, topping the consensus estimate of $2.30 by $0.05. The company had revenue of $50.12 billion for the quarter, compared to the consensus estimate of $49.70 billion. Microsoft had a return on equity of 42.10% and a net margin of 34.37%. The company’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period in the previous year, the business posted $2.27 EPS. On average, equities analysts expect that Microsoft Co. will post 9.62 EPS for the current year.

Microsoft Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 8th. Shareholders 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 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend is Wednesday, November 16th. Microsoft’s payout ratio is currently 29.31%.

Insiders Place Their Bets

In other Microsoft 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 transaction, the chief marketing officer now directly owns 109,837 shares of the company’s stock, valued at approximately $29,244,101.25. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.03% of the company’s stock.

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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