Stack Financial Management Inc Sells 1,171 Shares of Microsoft Co. (NASDAQ:MSFT)

Stack Financial Management Inc lowered its stake in Microsoft Co. (NASDAQ:MSFTGet Rating) by 0.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 296,578 shares of the software giant’s stock after selling 1,171 shares during the quarter. Microsoft comprises about 7.6% of Stack Financial Management Inc’s portfolio, making the stock its 2nd biggest holding. Stack Financial Management Inc’s holdings in Microsoft were worth $76,170,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Aaron Wealth Advisors LLC increased its stake in 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 during the period. Vanguard Group Inc. increased its stake in Microsoft by 0.9% during the first quarter. Vanguard Group Inc. now owns 621,598,157 shares of the software giant’s stock worth $191,644,927,000 after purchasing an additional 5,648,095 shares during the period. Swiss National Bank increased its stake in Microsoft by 13.8% during the first quarter. Swiss National Bank now owns 30,893,155 shares of the software giant’s stock worth $9,524,669,000 after purchasing an additional 3,757,500 shares during the period. Jennison Associates LLC increased its stake in Microsoft by 13.2% during the first quarter. Jennison Associates LLC now owns 23,092,331 shares of the software giant’s stock worth $7,119,597,000 after purchasing an additional 2,696,424 shares during the period. Finally, Verity Asset Management Inc. increased its stake in Microsoft by 21,811.0% during the first quarter. Verity Asset Management Inc. now owns 2,047,582 shares of the software giant’s stock worth $2,901,000 after purchasing an additional 2,038,237 shares during the period. Institutional investors and hedge funds own 69.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on MSFT shares. JPMorgan Chase & Co. cut their price target on shares of Microsoft from $305.00 to $275.00 in a research note on Wednesday, October 26th. Cowen cut their target price on shares of Microsoft from $310.00 to $285.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 26th. Stifel Nicolaus cut their target price on shares of Microsoft from $300.00 to $290.00 and set a “buy” rating on the stock in a research note on Wednesday, October 26th. BMO Capital Markets cut their target price on shares of Microsoft from $295.00 to $270.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 26th. Finally, Wolfe Research cut their target price on shares of Microsoft from $340.00 to $280.00 and set an “outperform” rating on the stock in a research note 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 stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $300.64.

Microsoft Price Performance

Shares of NASDAQ MSFT opened at $247.58 on Thursday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.84 and a quick ratio of 1.79. The stock has a fifty day moving average price of $237.22 and a 200 day moving average price of $255.68. Microsoft Co. has a 1-year low of $213.43 and a 1-year high of $344.30. The company has a market cap of $1.85 trillion, a PE ratio of 26.68, a P/E/G ratio of 2.33 and a beta of 0.92.

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

Microsoft Increases Dividend

The business 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. The ex-dividend date is Wednesday, November 16th. This is an increase from Microsoft’s previous quarterly dividend of $0.62. This represents a $2.72 annualized dividend and a dividend yield of 1.10%. Microsoft’s dividend payout ratio (DPR) is currently 29.31%.

Insider Buying and Selling

In related news, CMO Christopher C. Capossela sold 5,000 shares of the stock in a transaction on 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 completion of the sale, the chief marketing officer now directly owns 109,837 shares of the company’s stock, valued at $29,244,101.25. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.03% of the company’s stock.

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.

See Also

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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