CIBC Private Wealth Group LLC Trims Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

CIBC Private Wealth Group LLC lowered its position in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 0.6% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,607,805 shares of the software giant’s stock after selling 47,359 shares during the period. Microsoft comprises about 5.1% of CIBC Private Wealth Group LLC’s portfolio, making the stock its biggest position. CIBC Private Wealth Group LLC owned about 0.10% of Microsoft worth $1,953,913,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. KRS Capital Management LLC grew its position in Microsoft by 4.8% during the 1st quarter. KRS Capital Management LLC now owns 4,781 shares of the software giant’s stock worth $1,474,000 after acquiring an additional 218 shares during the last quarter. Phoenix Wealth Advisors grew its position in Microsoft by 2.0% during the 2nd quarter. Phoenix Wealth Advisors now owns 17,286 shares of the software giant’s stock worth $4,440,000 after acquiring an additional 343 shares during the last quarter. Jmac Enterprises LLC grew its position in Microsoft by 1.0% during the 2nd quarter. Jmac Enterprises LLC now owns 16,798 shares of the software giant’s stock worth $4,314,000 after acquiring an additional 169 shares during the last quarter. ARGI Investment Services LLC grew its position in shares of Microsoft by 9.9% in the 2nd quarter. ARGI Investment Services LLC now owns 37,326 shares of the software giant’s stock valued at $9,586,000 after buying an additional 3,358 shares during the last quarter. Finally, First PREMIER Bank grew its position in shares of Microsoft by 0.3% in the 2nd quarter. First PREMIER Bank now owns 26,082 shares of the software giant’s stock valued at $6,699,000 after buying an additional 79 shares during the last quarter. Institutional investors own 69.29% of the company’s stock.

Insider Activity

In other news, CMO Christopher C. Capossela sold 5,000 shares of the company’s 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 completion of the transaction, the chief marketing officer now directly owns 109,837 shares of the company’s stock, valued at $29,244,101.25. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.03% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

MSFT has been the topic of a number of analyst reports. Stifel Nicolaus reduced their price target on Microsoft from $300.00 to $290.00 and set a “buy” rating on the stock in a research report on Wednesday, October 26th. Evercore ISI reduced their price target on Microsoft from $330.00 to $300.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 26th. BMO Capital Markets reduced their price target on Microsoft from $295.00 to $270.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 26th. Credit Suisse Group reduced their price target on Microsoft from $400.00 to $365.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 26th. Finally, Wells Fargo & Company reduced their price target on Microsoft from $315.00 to $300.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 26th. Three research analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company. Based on data from MarketBeat, Microsoft presently has an average rating of “Moderate Buy” and a consensus target price of $300.64.

Microsoft Stock Performance

MSFT stock opened at $242.05 on Tuesday. The firm has a market cap of $1.80 trillion, a PE ratio of 26.08, a P/E/G ratio of 2.32 and a beta of 0.92. 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 has a 50 day moving average of $237.35 and a 200-day moving average of $255.89. Microsoft Co. has a 12-month low of $213.43 and a 12-month high of $349.67.

Microsoft (NASDAQ:MSFTGet Rating) last released its earnings results on Tuesday, October 25th. The software giant reported $2.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.30 by $0.05. The company had revenue of $50.12 billion during the quarter, compared to analyst estimates of $49.70 billion. Microsoft had a return on equity of 42.10% and a net margin of 34.37%. Microsoft’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period in the prior year, the company posted $2.27 earnings per share. As a group, sell-side analysts expect that Microsoft Co. will post 9.62 earnings per share for the current year.

Microsoft Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 8th. Stockholders of record on Thursday, November 17th will be issued a $0.68 dividend. The ex-dividend date is Wednesday, November 16th. This is a positive change from Microsoft’s previous quarterly dividend of $0.62. This represents a $2.72 annualized dividend and a dividend yield of 1.12%. Microsoft’s dividend payout ratio is currently 29.31%.

Microsoft 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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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