Virginia Wealth Management Group Inc. decreased its holdings in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 29.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,201 shares of the software giant’s stock after selling 8,107 shares during the period. Microsoft comprises about 3.3% of Virginia Wealth Management Group Inc.’s portfolio, making the stock its 2nd largest holding. Virginia Wealth Management Group Inc.’s holdings in Microsoft were worth $4,472,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of MSFT. DGS Capital Management LLC increased its stake in Microsoft by 19.9% during the 1st quarter. DGS Capital Management LLC now owns 14,342 shares of the software giant’s stock valued at $4,422,000 after buying an additional 2,383 shares during the period. IFM Investors Pty Ltd boosted its holdings in shares of Microsoft by 20.8% in the first quarter. IFM Investors Pty Ltd now owns 1,138,469 shares of the software giant’s stock valued at $351,001,000 after acquiring an additional 196,338 shares in the last quarter. Altus Wealth Group LLC raised its holdings in Microsoft by 1.2% during the first quarter. Altus Wealth Group LLC now owns 12,712 shares of the software giant’s stock worth $3,919,000 after purchasing an additional 152 shares in the last quarter. Powell Investment Advisors LLC raised its holdings in Microsoft by 16.2% during the first quarter. Powell Investment Advisors LLC now owns 2,578 shares of the software giant’s stock worth $795,000 after purchasing an additional 359 shares in the last quarter. Finally, Onyx Bridge Wealth Group LLC boosted its stake in Microsoft by 8.2% during the 1st quarter. Onyx Bridge Wealth Group LLC now owns 6,782 shares of the software giant’s stock valued at $1,921,000 after purchasing an additional 512 shares in the last quarter. Institutional investors own 69.15% of the company’s stock.
Insider Transactions at Microsoft
In other news, EVP Judson Althoff sold 24,144 shares of the business’s stock in a transaction on Thursday, December 1st. The shares were sold at an average price of $254.27, for a total value of $6,139,094.88. Following the sale, the executive vice president now owns 150,047 shares of the company’s stock, valued at $38,152,450.69. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.03% of the company’s stock.
Microsoft Stock Up 1.2 %
Microsoft (NASDAQ:MSFT – Get Rating) last released its earnings results on Tuesday, October 25th. The software giant reported $2.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.29 by $0.06. The firm had revenue of $50.12 billion during the quarter, compared to analysts’ expectations of $49.70 billion. Microsoft had a return on equity of 42.10% and a net margin of 34.37%. The company’s revenue was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.27 EPS. As a group, equities research analysts predict that Microsoft Co. will post 9.53 earnings per share for the current fiscal year.
Microsoft Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 9th. Shareholders of record on Wednesday, February 15th will be given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date is Wednesday, February 15th. Microsoft’s dividend payout ratio (DPR) is currently 29.31%.
Analyst Ratings Changes
MSFT has been the topic of a number of research reports. Royal Bank of Canada dropped their price objective on Microsoft from $380.00 to $310.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 26th. Citigroup cut their target price on shares of Microsoft from $300.00 to $282.00 and set a “buy” rating for the company in a research note on Wednesday, October 19th. StockNews.com initiated coverage on Microsoft in a research report on Wednesday, October 12th. They issued a “buy” rating for the company. Cowen reduced their price objective on Microsoft from $310.00 to $285.00 and set an “outperform” rating for the company in a research report on Wednesday, October 26th. Finally, Oppenheimer reduced their target price on Microsoft from $275.00 to $265.00 in a report on Wednesday, October 26th. Four analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $294.88.
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.
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