Gitterman Wealth Management LLC Has $2.98 Million Stake in Microsoft Co. (NASDAQ:MSFT)

Gitterman Wealth Management LLC cut its stake in Microsoft Co. (NASDAQ:MSFTGet Rating) by 7.0% in the second quarter, HoldingsChannel.com reports. The fund owned 11,610 shares of the software giant’s stock after selling 880 shares during the period. Microsoft accounts for 2.8% of Gitterman Wealth Management LLC’s holdings, making the stock its 4th biggest position. Gitterman Wealth Management LLC’s holdings in Microsoft were worth $2,981,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in MSFT. University of Texas Texas AM Investment Managment Co. grew its holdings in Microsoft by 1,316.7% during the first quarter. University of Texas Texas AM Investment Managment Co. now owns 85 shares of the software giant’s stock valued at $26,000 after purchasing an additional 79 shares during the period. Monumental Financial Group Inc. bought a new position in shares of Microsoft during the 1st quarter valued at approximately $28,000. Tobam increased its holdings in Microsoft by 15,400.0% in the 1st quarter. Tobam now owns 155 shares of the software giant’s stock worth $48,000 after acquiring an additional 154 shares in the last quarter. Newfound Research LLC lifted its holdings in Microsoft by 25.4% during the second quarter. Newfound Research LLC now owns 296 shares of the software giant’s stock valued at $76,000 after purchasing an additional 60 shares in the last quarter. Finally, Darrow Company Inc. bought a new position in shares of Microsoft in the second quarter worth approximately $82,000. 69.29% of the stock is currently owned by institutional investors.

Insider Activity at Microsoft

In related news, CMO Christopher C. Capossela sold 5,000 shares of Microsoft stock in a transaction dated 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 completion of the sale, the chief marketing officer now owns 109,837 shares in the company, valued at approximately $29,244,101.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.03% of the stock is currently owned by company insiders.

Microsoft Price Performance

MSFT stock opened at $241.22 on Friday. Microsoft Co. has a 12 month low of $213.43 and a 12 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 company has a 50-day moving average price of $237.85 and a 200 day moving average price of $256.37. The stock has a market cap of $1.80 trillion, a PE ratio of 25.99, a P/E/G ratio of 2.33 and a beta of 0.92.

Microsoft (NASDAQ:MSFTGet Rating) last released its quarterly earnings results on Tuesday, October 25th. The software giant reported $2.35 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 firm 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 company earned $2.27 EPS. The firm’s revenue for the quarter was up 10.6% compared to the same quarter last year. Equities research analysts anticipate that Microsoft Co. will post 9.62 earnings per share for the current year.

Microsoft Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 8th. Investors of record on Thursday, November 17th will be issued a dividend of $0.68 per share. This is a positive change from Microsoft’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Wednesday, November 16th. This represents a $2.72 dividend on an annualized basis and a yield of 1.13%. Microsoft’s dividend payout ratio (DPR) is presently 29.31%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on MSFT. Credit Suisse Group decreased their price objective on shares of Microsoft from $400.00 to $365.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 26th. Wolfe Research decreased their price objective on shares of Microsoft from $340.00 to $280.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 26th. Macquarie began coverage on shares of Microsoft in a research report on Wednesday, November 2nd. They set a “neutral” rating and a $234.00 price objective on the stock. Cowen decreased their price objective on shares of Microsoft from $310.00 to $285.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 26th. Finally, Evercore ISI decreased their price objective on shares of Microsoft from $330.00 to $300.00 and set an “outperform” rating on the stock in a research report 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 company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $300.64.

Microsoft Company Profile

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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.

Further Reading

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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