Microsoft Co. (NASDAQ:MSFT) Shares Sold by McAdam LLC

McAdam LLC lowered its stake in Microsoft Co. (NASDAQ:MSFTGet Rating) by 2.9% during the third quarter, Holdings Channel.com reports. The fund owned 13,791 shares of the software giant’s stock after selling 407 shares during the quarter. McAdam LLC’s holdings in Microsoft were worth $3,212,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in MSFT. Walled Lake Planning & Wealth Management LLC raised its stake 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 worth $1,893,000 after purchasing an additional 38 shares during the last quarter. Financial Advisors Network Inc. raised its stake 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 worth $894,000 after purchasing an additional 39 shares during the last quarter. Donoghue Forlines LLC raised its stake 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 worth $667,000 after purchasing an additional 40 shares during the last quarter. Fountainhead AM LLC raised its stake 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 worth $1,078,000 after purchasing an additional 41 shares during the last quarter. Finally, Lokken Investment Group LLC raised its stake 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 worth $3,076,000 after purchasing an additional 41 shares during the last quarter. Institutional investors and hedge funds own 69.15% of the company’s stock.

Microsoft Stock Performance

Shares of NASDAQ:MSFT opened at $240.22 on Friday. The company has a market cap of $1.79 trillion, a P/E ratio of 25.89, a PEG ratio of 2.35 and a beta of 0.94. 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 $315.95. The business’s 50-day simple moving average is $241.70 and its 200 day simple moving average is $250.01.

Microsoft (NASDAQ:MSFTGet Rating) last posted its quarterly earnings data on Tuesday, October 25th. The software giant reported $2.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.29 by $0.06. Microsoft had a return on equity of 42.10% and a net margin of 34.37%. The company had revenue of $50.12 billion for the quarter, compared to the consensus estimate of $49.70 billion. During the same period in the previous year, the business earned $2.27 EPS. Microsoft’s revenue for the quarter was up 10.6% compared to the same quarter last year. On average, sell-side analysts forecast that Microsoft Co. will post 9.52 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 9th. Investors of record on Thursday, February 16th will be given 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 1.13%. Microsoft’s dividend payout ratio is currently 29.31%.

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 stock was 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 of the company’s stock, valued at $38,152,450.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Stifel Nicolaus cut their price objective on Microsoft from $300.00 to $290.00 and set a “buy” rating for the company in a research report on Wednesday, October 26th. Rosenblatt Securities cut their price objective on Microsoft from $300.00 to $285.00 and set a “buy” rating for the company in a research report on Thursday, October 27th. Wolfe Research cut their price objective on Microsoft from $340.00 to $280.00 and set an “outperform” rating for the company in a research report on Wednesday, October 26th. Citigroup cut their price objective on Microsoft from $282.00 to $280.00 and set a “buy” rating for the company in a research report on Thursday. Finally, Wells Fargo & Company cut their price objective on Microsoft from $315.00 to $300.00 and set an “overweight” rating for the company in a research report on Wednesday, October 26th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $287.88.

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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