Angeles Investment Advisors LLC lessened its position in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 7.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,410 shares of the software giant’s stock after selling 340 shares during the period. Microsoft comprises approximately 0.1% of Angeles Investment Advisors LLC’s holdings, making the stock its 20th biggest holding. Angeles Investment Advisors LLC’s holdings in Microsoft were worth $1,133,000 as of its most recent filing with the SEC.
Several other large investors have also made changes to their positions in MSFT. Northwest Wealth Management LLC raised its stake in shares of Microsoft by 0.8% in the first quarter. Northwest Wealth Management LLC now owns 4,536 shares of the software giant’s stock valued at $1,399,000 after acquiring an additional 37 shares during the last quarter. Flynn Zito Capital Management LLC raised its position in Microsoft by 0.4% in the 1st quarter. Flynn Zito Capital Management LLC now owns 10,532 shares of the software giant’s stock valued at $3,247,000 after purchasing an additional 38 shares during the last quarter. Financial Advisors Network Inc. raised its position in Microsoft by 1.1% in the 2nd quarter. Financial Advisors Network Inc. now owns 3,482 shares of the software giant’s stock valued at $894,000 after purchasing an additional 39 shares during the last quarter. Trinity Financial Advisors LLC boosted its stake in Microsoft by 0.9% in the first quarter. Trinity Financial Advisors LLC now owns 4,636 shares of the software giant’s stock worth $1,429,000 after purchasing an additional 40 shares in the last quarter. Finally, Atlas Financial Advisors Inc. increased its stake in shares of Microsoft by 3.3% in the first quarter. Atlas Financial Advisors Inc. now owns 1,267 shares of the software giant’s stock valued at $391,000 after buying an additional 40 shares in the last quarter. Institutional investors own 69.29% of the company’s stock.
Insider Buying and Selling
In related news, CMO Christopher C. Capossela sold 5,000 shares of the company’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 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 this link. 0.03% of the stock is owned by insiders.
Microsoft Trading Up 1.0 %
Microsoft (NASDAQ:MSFT – Get Rating) last posted its quarterly 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 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 business’s revenue was up 10.6% compared to the same quarter last year. On average, equities analysts forecast 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. Shareholders of record on Thursday, November 17th will be paid a $0.68 dividend. This is a positive change from Microsoft’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Wednesday, November 16th. This represents a $2.72 annualized dividend and a yield of 1.10%. Microsoft’s dividend payout ratio is currently 29.31%.
Wall Street Analysts Forecast Growth
MSFT has been the topic of several research analyst reports. Raymond James decreased their price target on shares of Microsoft from $300.00 to $280.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 26th. Piper Sandler cut their price target on Microsoft from $275.00 to $265.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 26th. Cowen decreased their price target on Microsoft from $310.00 to $285.00 and set an “outperform” rating on the stock in a report on Wednesday, October 26th. JPMorgan Chase & Co. dropped their price objective on Microsoft from $305.00 to $275.00 in a report on Wednesday, October 26th. Finally, StockNews.com initiated coverage on shares of Microsoft in a research note on Wednesday, October 12th. They issued a “buy” rating on the stock. Three analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company’s stock. According to MarketBeat.com, Microsoft has an average rating of “Moderate Buy” and a consensus target price of $300.64.
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.
- Get a free copy of the StockNews.com research report on Microsoft (MSFT)
- Institutional Support for Analog Devices Remains High
- Salesforce Cuts Labor, Shows Strong Earnings Despite Challenges
- Three CBD Stocks to Dominate a Budding Industry
- Is the 60/40 Portfolio Mix Still in Vogue?
- Microsoft Shares: Is it Time to Back Up the Truck?
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.