Encompass Wealth Advisors LLC Trims Position in Microsoft Co. (NASDAQ:MSFT)

Encompass Wealth Advisors LLC trimmed its position in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 10.3% during the second quarter, HoldingsChannel reports. The firm owned 24,237 shares of the software giant’s stock after selling 2,772 shares during the quarter. Microsoft comprises 2.2% of Encompass Wealth Advisors LLC’s portfolio, making the stock its 9th largest holding. Encompass Wealth Advisors LLC’s holdings in Microsoft were worth $6,225,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MSFT. Aaron Wealth Advisors LLC boosted its position in shares of Microsoft by 35,465.9% during 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 in the last quarter. Vanguard Group Inc. lifted its position in Microsoft by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 621,598,157 shares of the software giant’s stock valued at $191,644,927,000 after acquiring an additional 5,648,095 shares in the last quarter. Swiss National Bank lifted its position in Microsoft by 13.8% in the 1st quarter. Swiss National Bank now owns 30,893,155 shares of the software giant’s stock valued at $9,524,669,000 after acquiring an additional 3,757,500 shares in the last quarter. Jennison Associates LLC lifted its position in Microsoft by 13.2% in the 1st quarter. Jennison Associates LLC now owns 23,092,331 shares of the software giant’s stock valued at $7,119,597,000 after acquiring an additional 2,696,424 shares in the last quarter. Finally, Verity Asset Management Inc. lifted its position in Microsoft by 21,811.0% in the 1st quarter. Verity Asset Management Inc. now owns 2,047,582 shares of the software giant’s stock valued at $2,901,000 after acquiring an additional 2,038,237 shares in the last quarter. 69.29% of the stock is owned by institutional investors.

Microsoft Stock Down 0.2 %

Shares of MSFT opened at $241.22 on Monday. Microsoft Co. has a 52 week low of $213.43 and a 52 week high of $349.67. The firm has a market cap of $1.80 trillion, a P/E ratio of 25.99, a price-to-earnings-growth ratio of 2.32 and a beta of 0.92. The firm’s 50-day simple moving average is $237.85 and its 200 day simple moving average is $256.14. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.79 and a current ratio of 1.84.

Microsoft (NASDAQ:MSFTGet Rating) last announced its quarterly earnings results on Tuesday, October 25th. The software giant reported $2.35 EPS for the quarter, beating 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 business had revenue of $50.12 billion for the quarter, compared to analyst estimates of $49.70 billion. During the same quarter in the prior year, the business earned $2.27 EPS. Microsoft’s quarterly revenue was up 10.6% on a year-over-year basis. On average, analysts forecast 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. Shareholders of record on Thursday, November 17th will be issued a $0.68 dividend. The ex-dividend date is Wednesday, November 16th. This represents a $2.72 dividend on an annualized basis and a yield of 1.13%. This is an increase from Microsoft’s previous quarterly dividend of $0.62. Microsoft’s payout ratio is currently 29.31%.

Analyst Upgrades and Downgrades

MSFT has been the topic of several research reports. Cowen cut 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. Wedbush cut their price objective on shares of Microsoft from $320.00 to $290.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 26th. Stifel Nicolaus cut their price objective on shares of Microsoft from $300.00 to $290.00 and set a “buy” rating on the stock in a research report on Wednesday, October 26th. Rosenblatt Securities lowered their price target on shares of Microsoft from $300.00 to $285.00 and set a “buy” rating on the stock in a research note on Thursday, October 27th. Finally, Citigroup lowered their price target on shares of Microsoft from $300.00 to $282.00 and set a “buy” rating on the stock in a research note on Wednesday, October 19th. Three equities research analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $300.64.

Insider Buying and Selling at Microsoft

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 sale, the chief marketing officer now 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 accessible through the SEC website. Insiders own 0.03% of the company’s stock.

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.

See Also

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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