Microsoft Co. (NASDAQ:MSFT) Stake Lessened by Harvest Volatility Management LLC

Harvest Volatility Management LLC trimmed its holdings in Microsoft Co. (NASDAQ:MSFTGet Rating) by 10.0% in the 2nd quarter, Holdings Channel reports. The fund owned 258,332 shares of the software giant’s stock after selling 28,778 shares during the quarter. Microsoft accounts for about 10.7% of Harvest Volatility Management LLC’s investment portfolio, making the stock its 2nd biggest position. Harvest Volatility Management LLC’s holdings in Microsoft were worth $66,347,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Northwest Wealth Management LLC boosted its holdings in shares of Microsoft by 0.8% in the first quarter. Northwest Wealth Management LLC now owns 4,536 shares of the software giant’s stock worth $1,399,000 after buying an additional 37 shares during the last quarter. Flynn Zito Capital Management LLC boosted its position in shares of Microsoft by 0.4% in 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. Trinity Financial Advisors LLC boosted its position in shares of Microsoft by 0.9% in 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. Atlas Financial Advisors Inc. boosted its position in shares of Microsoft by 3.3% in the first quarter. Atlas Financial Advisors Inc. now owns 1,267 shares of the software giant’s stock worth $391,000 after purchasing an additional 40 shares during the period. Finally, Personal Wealth Partners boosted its position in shares of Microsoft by 1.9% in the first quarter. Personal Wealth Partners now owns 2,286 shares of the software giant’s stock worth $705,000 after purchasing an additional 42 shares during the period. 69.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on MSFT shares. JPMorgan Chase & Co. dropped their price target on shares of Microsoft from $305.00 to $275.00 in a research report on Wednesday, October 26th. Fundamental Research reduced their price objective on shares of Microsoft to $270.00 and set a “buy” rating on the stock in a research report on Tuesday, November 8th. Itau BBA Securities started coverage on shares of Microsoft in a research report on Tuesday, July 26th. They set an “outperform” rating and a $287.00 price objective on the stock. Wells Fargo & Company reduced their price objective on shares of Microsoft from $315.00 to $300.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 26th. Finally, Barclays set a $296.00 price objective on shares of Microsoft in a research report on Tuesday, November 1st. Three research 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.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $300.64.

Microsoft Stock Down 0.2 %

Shares of MSFT opened at $241.22 on Friday. The firm has a market capitalization 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. 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 firm has a fifty day moving average price of $237.85 and a 200-day moving average price of $256.37.

Microsoft (NASDAQ:MSFTGet Rating) last released its quarterly earnings data 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. Microsoft had a net margin of 34.37% and a return on equity of 42.10%. The company had revenue of $50.12 billion during the quarter, compared to analyst estimates of $49.70 billion. During the same period in the prior year, the firm earned $2.27 earnings per share. The firm’s revenue for the quarter was up 10.6% compared to the same quarter last year. Equities research analysts expect that Microsoft Co. will post 9.62 earnings per share for the current year.

Microsoft Increases Dividend

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

Insider Buying and Selling

In other Microsoft news, CMO Christopher C. Capossela sold 5,000 shares of the business’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 completion of the transaction, the chief marketing officer now directly owns 109,837 shares in the company, valued at $29,244,101.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.03% of the stock is owned by insiders.

About Microsoft

(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

Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Co. (NASDAQ:MSFTGet Rating).

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

Receive News & Ratings for Microsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft and related companies with MarketBeat.com's FREE daily email newsletter.