Montgomery Investment Management Inc. Cuts Holdings in Microsoft Co. (NASDAQ:MSFT)

Montgomery Investment Management Inc. decreased its holdings in Microsoft Co. (NASDAQ:MSFTGet Rating) by 2.1% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 18,805 shares of the software giant’s stock after selling 400 shares during the quarter. Microsoft accounts for about 2.0% of Montgomery Investment Management Inc.’s holdings, making the stock its 20th biggest holding. Montgomery Investment Management Inc.’s holdings in Microsoft were worth $4,830,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Northwest Wealth Management LLC increased its holdings in shares of Microsoft by 0.8% during the 1st quarter. Northwest Wealth Management LLC now owns 4,536 shares of the software giant’s stock valued at $1,399,000 after purchasing an additional 37 shares in the last quarter. Flynn Zito Capital Management LLC increased its holdings in Microsoft by 0.4% in the first quarter. Flynn Zito Capital Management LLC now owns 10,532 shares of the software giant’s stock valued at $3,247,000 after buying an additional 38 shares in the last quarter. Financial Advisors Network Inc. raised its position in shares of Microsoft by 1.1% in the second quarter. Financial Advisors Network Inc. now owns 3,482 shares of the software giant’s stock worth $894,000 after acquiring an additional 39 shares during the period. Trinity Financial Advisors LLC boosted its stake in shares of Microsoft by 0.9% during the 1st quarter. Trinity Financial Advisors LLC now owns 4,636 shares of the software giant’s stock worth $1,429,000 after acquiring an additional 40 shares in the last quarter. Finally, Atlas Financial Advisors Inc. grew its position in shares of Microsoft by 3.3% during the 1st quarter. Atlas Financial Advisors Inc. now owns 1,267 shares of the software giant’s stock valued at $391,000 after acquiring an additional 40 shares during the period. Institutional investors own 69.29% of the company’s stock.

Wall Street Analysts Forecast Growth

MSFT has been the topic of several research analyst reports. Raymond James dropped their price objective on Microsoft from $300.00 to $280.00 and set an “outperform” rating on the stock in a report on Wednesday, October 26th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Microsoft from $315.00 to $275.00 and set a “buy” rating on the stock in a report on Wednesday, October 26th. Evercore ISI cut their target price on shares of Microsoft from $330.00 to $300.00 and set an “outperform” rating for the company in a research note on Wednesday, October 26th. JPMorgan Chase & Co. reduced their price target on shares of Microsoft from $305.00 to $275.00 in a research report on Wednesday, October 26th. Finally, Macquarie began coverage on Microsoft in a report on Wednesday, November 2nd. They issued a “neutral” rating and a $234.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company. According to MarketBeat.com, Microsoft currently has an average rating of “Moderate Buy” and an average target price of $300.64.

Microsoft Stock Performance

Shares of MSFT stock opened at $247.58 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.79 and a current ratio of 1.84. The firm has a market cap 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. The firm’s 50 day moving average price is $237.12 and its 200-day moving average price is $255.62. Microsoft Co. has a one year low of $213.43 and a one year high of $344.30.

Microsoft (NASDAQ:MSFTGet Rating) last released its quarterly earnings results on Tuesday, October 25th. The software giant reported $2.35 EPS for the quarter, topping the consensus estimate of $2.30 by $0.05. The business had revenue of $50.12 billion during the quarter, compared to analyst estimates of $49.70 billion. Microsoft had a return on equity of 42.10% and a net margin of 34.37%. The company’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period last year, the business posted $2.27 earnings per share. As a group, equities research analysts predict 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. Shareholders of record on Thursday, November 17th will be paid a dividend of $0.68 per share. The ex-dividend date of this dividend is Wednesday, November 16th. This is a positive change from Microsoft’s previous quarterly dividend of $0.62. This represents a $2.72 dividend on an annualized basis and a yield of 1.10%. Microsoft’s dividend payout ratio is 29.31%.

Insider Activity

In related news, CMO Christopher C. Capossela sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, September 12th. The shares were sold at an average price of $266.25, for a total transaction of $1,331,250.00. Following the sale, the chief marketing officer now directly owns 109,837 shares of the company’s stock, valued at approximately $29,244,101.25. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.03% of the company’s stock.

Microsoft Company 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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