Granite Bay Wealth Management LLC Sells 100 Shares of Microsoft Co. (NASDAQ:MSFT)

Granite Bay Wealth Management LLC lowered its position in Microsoft Co. (NASDAQ:MSFTGet Rating) by 1.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,849 shares of the software giant’s stock after selling 100 shares during the quarter. Microsoft comprises approximately 1.3% of Granite Bay Wealth Management LLC’s portfolio, making the stock its 13th largest holding. Granite Bay Wealth Management LLC’s holdings in Microsoft were worth $1,595,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Walled Lake Planning & Wealth Management LLC lifted its holdings in shares of Microsoft by 0.5% during the second quarter. Walled Lake Planning & Wealth Management LLC now owns 7,369 shares of the software giant’s stock valued at $1,893,000 after purchasing an additional 38 shares during the last quarter. Financial Advisors Network Inc. lifted its holdings in shares of Microsoft by 1.1% during the second quarter. Financial Advisors Network Inc. now owns 3,482 shares of the software giant’s stock valued at $894,000 after purchasing an additional 39 shares during the last quarter. Donoghue Forlines LLC lifted its holdings in shares of Microsoft by 1.6% during the second quarter. Donoghue Forlines LLC now owns 2,598 shares of the software giant’s stock valued at $667,000 after purchasing an additional 40 shares during the last quarter. Fountainhead AM LLC lifted its holdings in shares of Microsoft by 1.0% during the second quarter. Fountainhead AM LLC now owns 4,196 shares of the software giant’s stock valued at $1,078,000 after purchasing an additional 41 shares during the last quarter. Finally, Lokken Investment Group LLC lifted its holdings in shares of Microsoft by 0.3% during the second quarter. Lokken Investment Group LLC now owns 11,976 shares of the software giant’s stock valued at $3,076,000 after purchasing an additional 41 shares during the last quarter. Institutional investors own 69.15% of the company’s stock.

Microsoft Stock Down 1.9 %

Shares of MSFT stock opened at $235.81 on Thursday. The stock has a market cap of $1.76 trillion, a P/E ratio of 25.41, a PEG ratio of 2.35 and a beta of 0.94. Microsoft Co. has a 52 week low of $213.43 and a 52 week high of $315.95. The company has a quick ratio of 1.79, a current ratio of 1.84 and a debt-to-equity ratio of 0.26. The company’s fifty day simple moving average is $241.83 and its two-hundred day simple moving average is $250.46.

Microsoft (NASDAQ:MSFTGet Rating) last announced its earnings results on Tuesday, October 25th. The software giant reported $2.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.29 by $0.06. Microsoft had a net margin of 34.37% and a return on equity of 42.10%. The firm had revenue of $50.12 billion for the quarter, compared to analysts’ expectations of $49.70 billion. During the same period in the prior year, the company earned $2.27 EPS. The business’s revenue was up 10.6% compared to the same quarter last year. Analysts predict that Microsoft Co. will post 9.52 EPS for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 9th. Stockholders of record on Wednesday, February 15th will be paid a dividend of $0.68 per share. The ex-dividend date is Wednesday, February 15th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.15%. Microsoft’s dividend payout ratio is presently 29.31%.

Insider Activity

In other Microsoft news, EVP Judson Althoff sold 24,144 shares of the firm’s stock in a transaction that occurred 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 completion of 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 legal filing with the SEC, which is available through this hyperlink. Insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on MSFT shares. Royal Bank of Canada set a $285.00 target price on shares of Microsoft in a report on Wednesday. Evercore ISI decreased their price objective on shares of Microsoft from $330.00 to $300.00 and set an “outperform” rating for the company in a report on Wednesday, October 26th. Credit Suisse Group set a $365.00 price objective on shares of Microsoft in a report on Friday, December 9th. Moffett Nathanson initiated coverage on shares of Microsoft in a report on Thursday, September 22nd. They issued a “hold” rating and a $285.00 price objective for the company. Finally, Macquarie started coverage on shares of Microsoft in a report on Wednesday, November 2nd. They issued a “neutral” rating and a $234.00 price objective for the company. One analyst has rated the stock with a sell rating, three have assigned a hold rating and thirty have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $289.15.

Microsoft 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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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