Microsoft Co. (NASDAQ:MSFT) Shares Sold by Aries Wealth Management

Aries Wealth Management lowered its position in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 98.9% in the first quarter, HoldingsChannel.com reports. The firm owned 2,696 shares of the software giant’s stock after selling 253,120 shares during the quarter. Aries Wealth Management’s holdings in Microsoft were worth $831,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. ACT Wealth Management LLC raised its holdings in Microsoft by 0.8% during the fourth quarter. ACT Wealth Management LLC now owns 4,097 shares of the software giant’s stock worth $1,378,000 after purchasing an additional 34 shares in the last quarter. Wealth Enhancement & Preservation of GA LLC increased its holdings in Microsoft by 0.7% in the fourth quarter. Wealth Enhancement & Preservation of GA LLC now owns 4,995 shares of the software giant’s stock valued at $1,680,000 after buying an additional 34 shares in the last quarter. Hanlon Investment Management Inc. increased its holdings in Microsoft by 1.2% in the fourth quarter. Hanlon Investment Management Inc. now owns 2,868 shares of the software giant’s stock valued at $965,000 after buying an additional 35 shares in the last quarter. KB Financial Partners LLC increased its holdings in Microsoft by 0.5% in the fourth quarter. KB Financial Partners LLC now owns 7,148 shares of the software giant’s stock valued at $2,404,000 after buying an additional 35 shares in the last quarter. Finally, Valtinson Bruner Financial Planning LLC increased its holdings in Microsoft by 0.9% in the first quarter. Valtinson Bruner Financial Planning LLC now owns 4,238 shares of the software giant’s stock valued at $1,186,000 after buying an additional 37 shares in the last quarter. Institutional investors and hedge funds own 69.99% of the company’s stock.

Microsoft Stock Performance

Shares of MSFT stock opened at $260.36 on Friday. The company’s fifty day simple moving average is $260.39 and its 200-day simple moving average is $283.19. Microsoft Co. has a 52 week low of $241.51 and a 52 week high of $349.67. The company has a current ratio of 1.99, a quick ratio of 1.95 and a debt-to-equity ratio of 0.30. The company has a market cap of $1.95 trillion, a PE ratio of 27.18, a P/E/G ratio of 2.03 and a beta of 0.93.

Microsoft (NASDAQ:MSFTGet Rating) last issued its earnings results on Tuesday, April 26th. The software giant reported $2.22 EPS for the quarter, beating analysts’ consensus estimates of $2.18 by $0.04. Microsoft had a net margin of 37.63% and a return on equity of 44.85%. The business had revenue of $49.36 billion for the quarter, compared to the consensus estimate of $49.05 billion. During the same quarter last year, the firm posted $1.95 EPS. The business’s revenue for the quarter was up 18.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Microsoft Co. will post 9.27 EPS for the current year.

Microsoft Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 8th. Stockholders of record on Thursday, August 18th will be paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend is Wednesday, August 17th. Microsoft’s dividend payout ratio is presently 25.89%.

Analyst Ratings Changes

A number of research analysts have issued reports on MSFT shares. Cowen dropped their target price on shares of Microsoft from $360.00 to $330.00 in a report on Friday. Stifel Nicolaus dropped their target price on shares of Microsoft from $350.00 to $320.00 in a report on Thursday, June 2nd. KeyCorp dropped their target price on shares of Microsoft from $373.00 to $330.00 and set an “overweight” rating for the company in a report on Thursday, July 7th. William Blair reiterated an “outperform” rating on shares of Microsoft in a research report on Wednesday, April 27th. Finally, UBS Group set a $330.00 price target on shares of Microsoft in a research report on Monday, June 20th. One research analyst has rated the stock with a hold rating and thirty-one have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $346.52.

Microsoft Company Profile

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Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, as well as related Client Access Licenses (CAL); 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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