Thompson Davis & CO. Inc. Decreases Stake in Microsoft Co. (NASDAQ:MSFT)

Thompson Davis & CO. Inc. lowered its position in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 26.5% in the second quarter, Holdings Channel reports. The firm owned 2,970 shares of the software giant’s stock after selling 1,069 shares during the period. Thompson Davis & CO. Inc.’s holdings in Microsoft were worth $763,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of MSFT. DGS Capital Management LLC boosted its holdings in Microsoft by 19.9% in the 1st quarter. DGS Capital Management LLC now owns 14,342 shares of the software giant’s stock worth $4,422,000 after acquiring an additional 2,383 shares during the period. IFM Investors Pty Ltd boosted its holdings in Microsoft by 20.8% in the 1st quarter. IFM Investors Pty Ltd now owns 1,138,469 shares of the software giant’s stock worth $351,001,000 after acquiring an additional 196,338 shares during the period. Essex LLC boosted its holdings in Microsoft by 194.4% in the 1st quarter. Essex LLC now owns 14,230 shares of the software giant’s stock worth $4,387,000 after acquiring an additional 9,396 shares during the period. Blossom Wealth Management boosted its holdings in Microsoft by 7.3% in the 1st quarter. Blossom Wealth Management now owns 2,646 shares of the software giant’s stock worth $816,000 after acquiring an additional 181 shares during the period. Finally, PBMares Wealth Management LLC boosted its holdings in Microsoft by 8.6% in the 1st quarter. PBMares Wealth Management LLC now owns 10,616 shares of the software giant’s stock worth $3,273,000 after acquiring an additional 841 shares during the period. Hedge funds and other institutional investors own 69.29% of the company’s stock.

Insider Activity at Microsoft

In related news, CMO Christopher C. Capossela sold 5,000 shares of the firm’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 completion of the transaction, the chief marketing officer now owns 109,837 shares of the company’s stock, valued at $29,244,101.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

MSFT has been the subject of several research analyst reports. Morgan Stanley reduced their target price on Microsoft from $325.00 to $307.00 and set an “overweight” rating for the company in a research note on Wednesday, October 26th. Evercore ISI reduced their target price on Microsoft from $330.00 to $300.00 and set an “outperform” rating for the company in a research note on Wednesday, October 26th. Rosenblatt Securities reduced their target price on Microsoft from $300.00 to $285.00 and set a “buy” rating for the company in a research note on Thursday, October 27th. UBS Group set a $300.00 target price on Microsoft in a research note on Monday. Finally, JPMorgan Chase & Co. reduced their target price on Microsoft from $305.00 to $275.00 in a research note on Wednesday, October 26th. Three equities research 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, the stock presently has an average rating of “Moderate Buy” and an average price target of $300.64.

Microsoft Price Performance

Shares of MSFT opened at $247.58 on Friday. The firm has a market capitalization of $1.85 trillion, a price-to-earnings ratio of 26.68, a price-to-earnings-growth ratio of 2.36 and a beta of 0.92. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.79 and a current ratio of 1.84. Microsoft Co. has a one year low of $213.43 and a one year high of $344.30. The stock’s fifty day moving average is $237.12 and its 200-day moving average is $255.62.

Microsoft (NASDAQ:MSFTGet Rating) last issued its quarterly earnings results on Tuesday, October 25th. The software giant reported $2.35 EPS for the quarter, beating analysts’ consensus estimates of $2.30 by $0.05. The company had revenue of $50.12 billion for 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% compared to the same quarter last year. During the same period last year, the company earned $2.27 earnings per share. Equities analysts anticipate 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. Stockholders 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 dividend yield of 1.10%. This is a positive change from Microsoft’s previous quarterly dividend of $0.62. The ex-dividend date is Wednesday, November 16th. Microsoft’s dividend payout ratio (DPR) is 29.31%.

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.

Further Reading

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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