HM Payson & Co. lessened its position in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 0.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 757,838 shares of the software giant’s stock after selling 1,023 shares during the period. Microsoft accounts for 4.8% of HM Payson & Co.’s holdings, making the stock its 2nd biggest holding. HM Payson & Co.’s holdings in Microsoft were worth $176,500,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. DGS Capital Management LLC increased its stake in shares of Microsoft by 19.9% in the 1st quarter. DGS Capital Management LLC now owns 14,342 shares of the software giant’s stock valued at $4,422,000 after acquiring an additional 2,383 shares in the last quarter. IFM Investors Pty Ltd grew its holdings in Microsoft by 20.8% in the first quarter. IFM Investors Pty Ltd now owns 1,138,469 shares of the software giant’s stock worth $351,001,000 after purchasing an additional 196,338 shares during the period. Altus Wealth Group LLC increased its stake in Microsoft by 1.2% in the first quarter. Altus Wealth Group LLC now owns 12,712 shares of the software giant’s stock valued at $3,919,000 after purchasing an additional 152 shares in the last quarter. Powell Investment Advisors LLC raised its holdings in shares of Microsoft by 16.2% during the first quarter. Powell Investment Advisors LLC now owns 2,578 shares of the software giant’s stock valued at $795,000 after purchasing an additional 359 shares during the period. Finally, Onyx Bridge Wealth Group LLC boosted its position in shares of Microsoft by 8.2% during the 1st quarter. Onyx Bridge Wealth Group LLC now owns 6,782 shares of the software giant’s stock worth $1,921,000 after purchasing an additional 512 shares in the last quarter. Institutional investors and hedge funds own 69.15% of the company’s stock.
Insider Buying and Selling at Microsoft
In other news, EVP Judson Althoff sold 24,144 shares of Microsoft stock in a transaction on Thursday, December 1st. The stock was sold at an average price of $254.27, for a total value of $6,139,094.88. Following the completion of the transaction, 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 document filed with the SEC, which is available through the SEC website. Insiders own 0.03% of the company’s stock.
Microsoft Trading Up 1.0 %
Microsoft (NASDAQ:MSFT – Get Rating) last posted its earnings results on Tuesday, October 25th. The software giant reported $2.35 earnings per share for the quarter, topping the consensus estimate of $2.29 by $0.06. The firm had revenue of $50.12 billion during the quarter, compared to the consensus estimate of $49.70 billion. Microsoft had a net margin of 34.37% and a return on equity of 42.10%. The company’s revenue was up 10.6% on a year-over-year basis. During the same quarter last year, the company earned $2.27 earnings per share. As a group, research analysts forecast that Microsoft Co. will post 9.51 EPS for the current year.
Microsoft Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 9th. Investors of record on Wednesday, February 15th will be paid a $0.68 dividend. 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 1.12%. Microsoft’s dividend payout ratio is 29.31%.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on MSFT. Deutsche Bank Aktiengesellschaft dropped their price target on Microsoft from $315.00 to $275.00 and set a “buy” rating on the stock in a research note on Wednesday, October 26th. Rosenblatt Securities lowered their target price on Microsoft from $300.00 to $285.00 and set a “buy” rating on the stock in a research report on Thursday, October 27th. Barclays reduced their price target on shares of Microsoft from $296.00 to $280.00 and set an “overweight” rating for the company in a research report on Tuesday, January 10th. UBS Group set a $250.00 price objective on shares of Microsoft in a report on Thursday, January 19th. Finally, Wolfe Research dropped their price objective on shares of Microsoft from $340.00 to $280.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 26th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and twenty-nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $287.79.
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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