Microsoft Co. (NASDAQ:MSFT) Holdings Cut by CKW Financial Group

CKW Financial Group trimmed its holdings in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 0.5% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 9,795 shares of the software giant’s stock after selling 49 shares during the quarter. Microsoft accounts for approximately 0.4% of CKW Financial Group’s holdings, making the stock its 8th biggest holding. CKW Financial Group’s holdings in Microsoft were worth $2,543,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. University of Texas Texas AM Investment Managment Co. increased 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 buying an additional 79 shares during the period. Monumental Financial Group Inc. purchased a new position in Microsoft in the first quarter worth $28,000. Newfound Research LLC grew its holdings in Microsoft by 25.4% in the second quarter. Newfound Research LLC now owns 296 shares of the software giant’s stock worth $76,000 after purchasing an additional 60 shares during the last quarter. Darrow Company Inc. purchased a new position in Microsoft in the second quarter worth $82,000. Finally, Evolution Advisers Inc. grew its holdings in Microsoft by 36.4% in the first quarter. Evolution Advisers Inc. now owns 341 shares of the software giant’s stock worth $105,000 after purchasing an additional 91 shares during the last quarter. 69.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Microsoft

In other news, CMO Christopher C. Capossela sold 5,000 shares of the stock in a transaction that occurred on 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 filing with the SEC, which is accessible through this link. 0.03% of the stock is owned by corporate insiders.

Microsoft Stock Up 1.2 %

Shares of NASDAQ MSFT opened at $245.03 on Wednesday. Microsoft Co. has a 12-month low of $213.43 and a 12-month high of $344.30. The stock has a market cap of $1.83 trillion, a PE ratio of 26.40, a P/E/G ratio of 2.32 and a beta of 0.92. 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 of $237.22 and a 200 day moving average of $255.68.

Microsoft (NASDAQ:MSFTGet Rating) last announced its quarterly earnings data 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. 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 analysts’ expectations of $49.70 billion. During the same quarter in the prior year, the company earned $2.27 EPS. Microsoft’s revenue was up 10.6% compared to the same quarter last year. As a group, sell-side analysts predict that Microsoft Co. will post 9.62 EPS for the current fiscal 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 dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 1.11%. The ex-dividend date is Wednesday, November 16th. This is a boost from Microsoft’s previous quarterly dividend of $0.62. Microsoft’s dividend payout ratio is currently 29.31%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on MSFT shares. Fundamental Research cut their price target on shares of Microsoft to $270.00 and set a “buy” rating on the stock in a report on Tuesday, November 8th. Barclays set a $296.00 price target on shares of Microsoft in a report on Tuesday, November 1st. Wedbush lowered their price objective on shares of Microsoft from $320.00 to $290.00 and set an “outperform” rating for the company in a research note on Wednesday, October 26th. Jefferies Financial Group lowered their price objective on shares of Microsoft from $275.00 to $270.00 and set a “buy” rating for the company in a research note on Wednesday, October 26th. Finally, Royal Bank of Canada lowered their price objective on shares of Microsoft from $380.00 to $310.00 and set an “outperform” rating for the company in a research note on Wednesday, October 26th. Three equities research analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $300.64.

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.

Featured Articles

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.