Microsoft Co. (NASDAQ:MSFT) Shares Sold by Grandview Asset Management LLC

Grandview Asset Management LLC lowered its stake in Microsoft Co. (NASDAQ:MSFTGet Rating) by 4.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 47,518 shares of the software giant’s stock after selling 2,413 shares during the period. Microsoft makes up approximately 6.8% of Grandview Asset Management LLC’s holdings, making the stock its 2nd biggest position. Grandview Asset Management LLC’s holdings in Microsoft were worth $12,204,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in MSFT. KB Financial Partners LLC increased its stake 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 purchasing an additional 35 shares during the last quarter. Valtinson Bruner Financial Planning LLC increased its stake 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 purchasing an additional 37 shares during the last quarter. Strategic Asset Management LLC increased its stake in Microsoft by 5.9% in the first quarter. Strategic Asset Management LLC now owns 659 shares of the software giant’s stock valued at $203,000 after purchasing an additional 37 shares during the last quarter. Virginia Wealth Management Group Inc. increased its stake in Microsoft by 0.3% in the first quarter. Virginia Wealth Management Group Inc. now owns 12,676 shares of the software giant’s stock valued at $3,830,000 after purchasing an additional 37 shares during the last quarter. Finally, Northwest Wealth Management LLC boosted its holdings in shares of Microsoft by 0.8% in the first quarter. Northwest Wealth Management LLC now owns 4,536 shares of the software giant’s stock valued at $1,399,000 after acquiring an additional 37 shares during the period. Institutional investors and hedge funds own 69.29% of the company’s stock.

Microsoft Trading Up 0.8 %

Microsoft stock opened at $240.98 on Friday. The stock has a market cap of $1.80 trillion, a PE ratio of 25.00, a P/E/G ratio of 2.04 and a beta of 0.94. The stock has a 50-day moving average price of $267.65 and a 200 day moving average price of $272.65. Microsoft Co. has a 52 week low of $237.57 and a 52 week high of $349.67. The company has a current ratio of 1.78, a quick ratio of 1.75 and a debt-to-equity ratio of 0.28.

Microsoft (NASDAQ:MSFTGet Rating) last posted its quarterly earnings data on Tuesday, July 26th. The software giant reported $2.23 EPS for the quarter, missing analysts’ consensus estimates of $2.28 by ($0.05). The company had revenue of $51.87 billion for the quarter, compared to analysts’ expectations of $52.31 billion. Microsoft had a return on equity of 43.31% and a net margin of 36.69%. During the same quarter in the prior year, the business posted $2.17 EPS. Equities research analysts predict that Microsoft Co. will post 10.15 earnings per share for the current fiscal year.

Microsoft Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 8th. Shareholders of record on Thursday, November 17th will be issued a $0.68 dividend. This is a boost from Microsoft’s previous quarterly dividend of $0.62. The ex-dividend date is Wednesday, November 16th. This represents a $2.72 annualized dividend and a yield of 1.13%. Microsoft’s payout ratio is 25.73%.

Analyst Upgrades and Downgrades

MSFT has been the subject of several research analyst reports. Jefferies Financial Group set a $320.00 price objective on Microsoft in a report on Tuesday, September 6th. Wells Fargo & Company decreased their price objective on Microsoft from $400.00 to $350.00 and set an “overweight” rating for the company in a report on Monday, July 25th. Mizuho decreased their price objective on Microsoft from $350.00 to $340.00 and set a “buy” rating for the company in a report on Tuesday, July 19th. Credit Suisse Group set a $400.00 price objective on Microsoft in a report on Tuesday, July 26th. Finally, KeyCorp decreased their price objective on Microsoft from $373.00 to $330.00 and set an “overweight” rating for the company in a report on Thursday, July 7th. Three equities research analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $332.77.

Insider Buying and Selling at Microsoft

In other Microsoft news, CMO Christopher C. Capossela sold 5,000 shares of Microsoft stock in a transaction dated Monday, September 12th. The stock was sold at an average price of $266.25, for a total value of $1,331,250.00. Following the completion of the sale, the chief marketing officer now owns 109,837 shares in the company, valued at approximately $29,244,101.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.05% of the stock is owned by company insiders.

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.

See Also

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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