BlueSky Wealth Advisors LLC Trims Stake in Microsoft Co. (NASDAQ:MSFT)

BlueSky Wealth Advisors LLC lessened its position in Microsoft Co. (NASDAQ:MSFTGet Rating) by 4.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,690 shares of the software giant’s stock after selling 70 shares during the quarter. BlueSky Wealth Advisors LLC’s holdings in Microsoft were worth $434,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. KRS Capital Management LLC raised its holdings in shares of Microsoft by 4.8% in the 1st quarter. KRS Capital Management LLC now owns 4,781 shares of the software giant’s stock valued at $1,474,000 after buying an additional 218 shares during the period. Phoenix Wealth Advisors raised its holdings in shares of Microsoft by 2.0% in the 2nd quarter. Phoenix Wealth Advisors now owns 17,286 shares of the software giant’s stock valued at $4,440,000 after buying an additional 343 shares during the period. Jmac Enterprises LLC raised its holdings in shares of Microsoft by 1.0% in the 2nd quarter. Jmac Enterprises LLC now owns 16,798 shares of the software giant’s stock valued at $4,314,000 after buying an additional 169 shares during the period. Dfpg Investments LLC raised its holdings in shares of Microsoft by 22.9% in the 1st quarter. Dfpg Investments LLC now owns 27,038 shares of the software giant’s stock valued at $7,585,000 after buying an additional 5,030 shares during the period. Finally, Allworth Financial LP raised its holdings in shares of Microsoft by 41.4% in the 1st quarter. Allworth Financial LP now owns 147,385 shares of the software giant’s stock valued at $45,441,000 after buying an additional 43,189 shares during the period. Hedge funds and other institutional investors own 69.29% of the company’s stock.

Analysts Set New Price Targets

MSFT has been the subject of several analyst reports. Macquarie initiated coverage on Microsoft in a research note on Wednesday, November 2nd. They set a “neutral” rating and a $234.00 target price for the company. Guggenheim initiated coverage on Microsoft in a research note on Friday, August 12th. They set a “neutral” rating and a $292.00 target price for the company. Evercore ISI lowered their target price on Microsoft from $330.00 to $300.00 and set an “outperform” rating for the company in a research note on Wednesday, October 26th. Jefferies Financial Group lowered their target price on Microsoft from $275.00 to $270.00 and set a “buy” rating for the company in a research note on Wednesday, October 26th. Finally, Morgan Stanley lowered their target price on Microsoft from $325.00 to $307.00 and set an “overweight” rating for the company in a research note on Wednesday, October 26th. Three research analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $300.64.

Microsoft Stock Down 2.3 %

MSFT opened at $241.55 on Tuesday. The business has a 50 day moving average price of $239.20 and a two-hundred day moving average price of $257.31. The company has a quick ratio of 1.79, a current ratio of 1.84 and a debt-to-equity ratio of 0.26. The company has a market cap of $1.80 trillion, a PE ratio of 26.03, a P/E/G ratio of 2.38 and a beta of 0.92. Microsoft Co. has a 52 week low of $213.43 and a 52 week high of $349.67.

Microsoft (NASDAQ:MSFTGet Rating) last issued its earnings results on Tuesday, October 25th. The software giant reported $2.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.30 by $0.05. The business had revenue of $50.12 billion during the quarter, compared to the consensus estimate of $49.70 billion. Microsoft had a return on equity of 42.10% and a net margin of 34.37%. The company’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period in the prior year, the business posted $2.27 EPS. As a group, research analysts anticipate that Microsoft Co. will post 9.62 EPS for the current year.

Microsoft Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 8th. Stockholders of record on Thursday, November 17th will be paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.13%. This is an increase from Microsoft’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Wednesday, November 16th. Microsoft’s dividend payout ratio is 26.72%.

Insider Transactions at Microsoft

In other news, CMO Christopher C. Capossela sold 5,000 shares of the stock in a transaction that occurred on Monday, September 12th. The stock was sold at an average price of $266.25, for a total transaction of $1,331,250.00. Following the completion of the transaction, the chief marketing officer now directly owns 109,837 shares of the company’s stock, valued at approximately $29,244,101.25. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.03% of the company’s stock.

About Microsoft

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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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