Microsoft Co. (NASDAQ:MSFT) Shares Sold by My Personal CFO LLC

My Personal CFO LLC reduced its stake in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 19.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,268 shares of the software giant’s stock after selling 5,659 shares during the quarter. Microsoft comprises 8.2% of My Personal CFO LLC’s portfolio, making the stock its 2nd biggest position. My Personal CFO LLC’s holdings in Microsoft were worth $5,419,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Phoenix Wealth Advisors grew its position in shares of Microsoft by 2.0% in the 2nd quarter. Phoenix Wealth Advisors now owns 17,286 shares of the software giant’s stock valued at $4,440,000 after purchasing an additional 343 shares during the period. Jmac Enterprises LLC boosted its position in Microsoft by 1.0% during the 2nd quarter. Jmac Enterprises LLC now owns 16,798 shares of the software giant’s stock worth $4,314,000 after acquiring an additional 169 shares during the last quarter. ARGI Investment Services LLC boosted its position in Microsoft by 9.9% during the 2nd quarter. ARGI Investment Services LLC now owns 37,326 shares of the software giant’s stock worth $9,586,000 after acquiring an additional 3,358 shares during the last quarter. First PREMIER Bank boosted its position in Microsoft by 0.3% during the 2nd quarter. First PREMIER Bank now owns 26,082 shares of the software giant’s stock worth $6,699,000 after acquiring an additional 79 shares during the last quarter. Finally, Seaview Investment Managers LLC boosted its position in Microsoft by 4.9% during the 2nd quarter. Seaview Investment Managers LLC now owns 26,839 shares of the software giant’s stock worth $6,893,000 after acquiring an additional 1,261 shares during the last quarter. 69.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on MSFT shares. Macquarie started coverage on Microsoft in a research report on Wednesday, November 2nd. They set a “neutral” rating and a $234.00 price target for the company. Jefferies Financial Group set a $270.00 price target on Microsoft in a research report on Thursday, January 5th. Cowen reduced their price target on Microsoft from $310.00 to $285.00 and set an “outperform” rating for the company in a research report on Wednesday, October 26th. Stifel Nicolaus dropped their price objective on Microsoft from $300.00 to $290.00 and set a “buy” rating on the stock in a research note on Wednesday, October 26th. Finally, Piper Sandler dropped their price objective on Microsoft from $265.00 to $247.00 and set an “overweight” rating on the stock in a research note on Monday. Four research analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $293.09.

Microsoft Price Performance

NASDAQ:MSFT opened at $238.51 on Friday. Microsoft Co. has a 52 week low of $213.43 and a 52 week high of $320.88. The firm has a market cap of $1.78 trillion, a price-to-earnings ratio of 25.70, a P/E/G ratio of 2.23 and a beta of 0.94. The firm’s 50-day simple moving average is $241.02 and its 200 day simple moving average is $251.00. 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 (NASDAQ:MSFTGet Rating) last released its quarterly earnings results on Tuesday, October 25th. The software giant reported $2.35 EPS for the quarter, topping analysts’ consensus estimates of $2.29 by $0.06. The business had revenue of $50.12 billion for the quarter, compared to analyst estimates of $49.70 billion. Microsoft had a net margin of 34.37% and a return on equity of 42.10%. Microsoft’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period last year, the firm earned $2.27 earnings per share. As a group, sell-side analysts predict that Microsoft Co. will post 9.52 earnings per share for the current year.

Microsoft Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 9th. Shareholders of record on Wednesday, February 15th will be paid a dividend of $0.68 per share. The ex-dividend date of this dividend is Wednesday, February 15th. This represents a $2.72 dividend on an annualized basis and a yield of 1.14%. Microsoft’s payout ratio is 29.31%.

Insiders Place Their Bets

In other Microsoft news, EVP Judson Althoff sold 24,144 shares of the stock in a transaction dated Thursday, December 1st. The shares were sold at an average price of $254.27, for a total transaction of $6,139,094.88. Following the sale, the executive vice president now directly owns 150,047 shares in the company, valued at $38,152,450.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.03% of the company’s stock.

Microsoft 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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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