Microsoft Co. (NASDAQ:MSFT) Shares Sold by Angeles Wealth Management LLC

Angeles Wealth Management LLC lessened its position in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 2.8% during the second quarter, HoldingsChannel reports. The institutional investor owned 55,815 shares of the software giant’s stock after selling 1,621 shares during the quarter. Microsoft comprises about 2.9% of Angeles Wealth Management LLC’s investment portfolio, making the stock its 11th largest position. Angeles Wealth Management LLC’s holdings in Microsoft were worth $14,335,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in MSFT. University of Texas Texas AM Investment Managment Co. lifted its holdings in Microsoft by 1,316.7% in the first quarter. University of Texas Texas AM Investment Managment Co. now owns 85 shares of the software giant’s stock worth $26,000 after acquiring an additional 79 shares during the last quarter. Monumental Financial Group Inc. bought a new stake in shares of Microsoft in the 1st quarter worth approximately $28,000. Newfound Research LLC boosted its position in Microsoft by 25.4% during the 2nd quarter. Newfound Research LLC now owns 296 shares of the software giant’s stock valued at $76,000 after purchasing an additional 60 shares during the period. Darrow Company Inc. bought a new position in Microsoft during the 2nd quarter worth $82,000. Finally, Evolution Advisers Inc. increased its position 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 buying an additional 91 shares during the period. Institutional investors and hedge funds own 69.29% of the company’s stock.

Insider Buying and Selling 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 directly owns 109,837 shares of the company’s stock, valued at $29,244,101.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.03% of the company’s stock.

Microsoft Stock Up 1.0 %

MSFT stock opened at $247.58 on Friday. 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 firm has a market capitalization of $1.85 trillion, a P/E ratio of 26.68, a P/E/G ratio of 2.36 and a beta of 0.92. Microsoft Co. has a 52-week low of $213.43 and a 52-week high of $344.30. The company’s 50 day simple moving average is $237.12 and its 200-day simple moving average is $255.62.

Microsoft (NASDAQ:MSFTGet Rating) last posted its quarterly earnings data 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. The firm had revenue of $50.12 billion for the quarter, compared to analysts’ expectations of $49.70 billion. Microsoft had a net margin of 34.37% and a return on equity of 42.10%. The company’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same period in the previous year, the company posted $2.27 EPS. As a group, equities research analysts anticipate that Microsoft Co. will post 9.62 EPS for the current 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 $0.68 dividend. This is an increase from Microsoft’s previous quarterly dividend of $0.62. This represents a $2.72 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend is Wednesday, November 16th. Microsoft’s dividend payout ratio is currently 29.31%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on MSFT shares. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Microsoft from $315.00 to $275.00 and set a “buy” rating for the company in a report on Wednesday, October 26th. StockNews.com initiated coverage on shares of Microsoft in a research report on Wednesday, October 12th. They issued a “buy” rating for the company. Raymond James cut their price target on Microsoft from $300.00 to $280.00 and set an “outperform” rating on the stock in a report on Wednesday, October 26th. Guggenheim assumed coverage on Microsoft in a report on Friday, August 12th. They issued a “neutral” rating and a $292.00 price objective for the company. Finally, Cowen cut their target price on Microsoft from $310.00 to $285.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 26th. Three equities research analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $300.64.

Microsoft Company Profile

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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.

See Also

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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