J. W. Coons Advisors LLC Has $9.94 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

J. W. Coons Advisors LLC cut its holdings in Microsoft Co. (NASDAQ:MSFTGet Rating) by 1.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,685 shares of the software giant’s stock after selling 450 shares during the period. Microsoft comprises approximately 3.5% of J. W. Coons Advisors LLC’s portfolio, making the stock its 2nd biggest holding. J. W. Coons Advisors LLC’s holdings in Microsoft were worth $9,935,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in Microsoft by 0.9% during the first quarter. Vanguard Group Inc. now owns 621,598,157 shares of the software giant’s stock valued at $191,644,927,000 after purchasing an additional 5,648,095 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Microsoft by 2.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 39,863,273 shares of the software giant’s stock valued at $12,290,246,000 after purchasing an additional 766,487 shares during the period. Swiss National Bank grew its holdings in Microsoft by 13.8% during the first quarter. Swiss National Bank now owns 30,893,155 shares of the software giant’s stock valued at $9,524,669,000 after purchasing an additional 3,757,500 shares during the period. Fisher Asset Management LLC grew its holdings in Microsoft by 3.8% during the first quarter. Fisher Asset Management LLC now owns 27,871,939 shares of the software giant’s stock valued at $8,593,198,000 after purchasing an additional 1,027,207 shares during the period. Finally, Jennison Associates LLC boosted its holdings in shares of Microsoft by 0.4% in the second quarter. Jennison Associates LLC now owns 23,188,553 shares of the software giant’s stock worth $5,955,516,000 after acquiring an additional 96,222 shares during the period. 69.29% of the stock is owned by institutional investors.

Insider Activity at Microsoft

In related news, CMO Christopher C. Capossela sold 5,000 shares of the business’s stock in a transaction dated Monday, September 12th. The stock was sold at an average price of $266.25, for a total transaction of $1,331,250.00. Following the transaction, 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 SEC, which can be accessed through the SEC website. 0.03% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Royal Bank of Canada cut their price target on Microsoft from $380.00 to $310.00 and set an “outperform” rating for the company in a report on Wednesday, October 26th. Mizuho cut their price target on Microsoft from $320.00 to $305.00 and set a “buy” rating for the company in a report on Wednesday, October 26th. Wells Fargo & Company cut their price target on Microsoft from $315.00 to $300.00 and set an “overweight” rating for the company in a report on Wednesday, October 26th. Morgan Stanley cut their price target on Microsoft from $325.00 to $307.00 and set an “overweight” rating for the company in a report on Wednesday, October 26th. Finally, Moffett Nathanson assumed coverage on Microsoft in a report on Thursday, September 22nd. They issued a “hold” rating and a $285.00 price target for the company. Three research analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $300.64.

Microsoft Trading Up 1.0 %

NASDAQ MSFT opened at $247.58 on Thursday. Microsoft Co. has a 1-year low of $213.43 and a 1-year high of $344.30. 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 stock has a 50-day moving average of $237.22 and a 200-day moving average of $255.68. The firm has a market cap of $1.85 trillion, a PE ratio of 26.68, a price-to-earnings-growth ratio of 2.33 and a beta of 0.92.

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

Microsoft Increases Dividend

The firm also recently declared 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 represents a $2.72 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date is Wednesday, November 16th. This is an increase from Microsoft’s previous quarterly dividend of $0.62. Microsoft’s payout ratio is currently 29.31%.

About Microsoft

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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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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