Cherrydale Wealth Management LLC Buys 116 Shares of Microsoft Co. (NASDAQ:MSFT)

Cherrydale Wealth Management LLC lifted its stake in Microsoft Co. (NASDAQ:MSFTGet Rating) by 2.6% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 4,618 shares of the software giant’s stock after acquiring an additional 116 shares during the period. Microsoft comprises about 1.0% of Cherrydale Wealth Management LLC’s holdings, making the stock its 13th biggest position. Cherrydale Wealth Management LLC’s holdings in Microsoft were worth $1,076,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in MSFT. Walled Lake Planning & Wealth Management LLC grew its position in shares of Microsoft by 0.5% during the 2nd quarter. Walled Lake Planning & Wealth Management LLC now owns 7,369 shares of the software giant’s stock worth $1,893,000 after buying an additional 38 shares during the period. Financial Advisors Network Inc. raised its holdings in 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 purchasing an additional 39 shares during the period. Donoghue Forlines LLC grew its holdings in shares of Microsoft by 1.6% in the 2nd quarter. Donoghue Forlines LLC now owns 2,598 shares of the software giant’s stock valued at $667,000 after buying an additional 40 shares during the period. Fountainhead AM LLC lifted its holdings in Microsoft by 1.0% during the second quarter. Fountainhead AM LLC now owns 4,196 shares of the software giant’s stock worth $1,078,000 after acquiring an additional 41 shares in the last quarter. Finally, Lokken Investment Group LLC grew its stake in Microsoft by 0.3% in the second quarter. Lokken Investment Group LLC now owns 11,976 shares of the software giant’s stock valued at $3,076,000 after acquiring an additional 41 shares during the period. 69.15% of the stock is owned by institutional investors and hedge funds.

Microsoft Stock Down 1.6 %

NASDAQ MSFT opened at $231.93 on Friday. The company has a current ratio of 1.84, a quick ratio of 1.79 and a debt-to-equity ratio of 0.26. The company has a market cap of $1.73 trillion, a price-to-earnings ratio of 24.99, a PEG ratio of 2.35 and a beta of 0.94. The company has a 50 day moving average of $241.84 and a 200-day moving average of $250.23. Microsoft Co. has a 1-year low of $213.43 and a 1-year high of $315.95.

Microsoft (NASDAQ:MSFTGet Rating) last announced its quarterly earnings data on Tuesday, October 25th. The software giant reported $2.35 earnings per share for the quarter, beating the consensus estimate 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 quarterly revenue was up 10.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.27 EPS. On average, equities research analysts expect that Microsoft Co. will post 9.52 earnings per share for the current fiscal 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 1.17%. Microsoft’s payout ratio is 29.31%.

Insider Buying and Selling at Microsoft

In other news, EVP Judson Althoff sold 24,144 shares of the company’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 transaction of $6,139,094.88. Following the completion of the sale, the executive vice president now owns 150,047 shares of the company’s stock, valued at approximately $38,152,450.69. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on MSFT shares. Wells Fargo & Company cut their price objective on Microsoft from $315.00 to $300.00 and set an “overweight” rating on the stock in a report on Wednesday, October 26th. Stifel Nicolaus dropped their price target on Microsoft from $300.00 to $290.00 and set a “buy” rating on the stock in a research note on Wednesday, October 26th. Piper Sandler reduced their price objective on Microsoft from $265.00 to $247.00 and set an “overweight” rating for the company in a research report on Monday, January 9th. Mizuho decreased their price target on shares of Microsoft from $320.00 to $305.00 and set a “buy” rating for the company in a research note on Wednesday, October 26th. Finally, Royal Bank of Canada set a $285.00 price objective on shares of Microsoft in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-nine have issued a buy rating to the stock. According to data from MarketBeat, Microsoft presently has an average rating of “Moderate Buy” and a consensus target price of $288.33.

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.

See Also

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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