Eagle Capital Management LLC Trims Position in Microsoft Co. (NASDAQ:MSFT)

Eagle Capital Management LLC trimmed its holdings in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 0.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,962 shares of the software giant’s stock after selling 144 shares during the quarter. Microsoft accounts for about 4.0% of Eagle Capital Management LLC’s portfolio, making the stock its 8th largest position. Eagle Capital Management LLC’s holdings in Microsoft were worth $6,668,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Northwest Wealth Management LLC lifted its holdings in Microsoft by 0.8% during the first quarter. Northwest Wealth Management LLC now owns 4,536 shares of the software giant’s stock valued at $1,399,000 after purchasing an additional 37 shares during the last quarter. Flynn Zito Capital Management LLC lifted its holdings in Microsoft by 0.4% during the first quarter. Flynn Zito Capital Management LLC now owns 10,532 shares of the software giant’s stock valued at $3,247,000 after purchasing an additional 38 shares during the last quarter. Trinity Financial Advisors LLC lifted its holdings in Microsoft by 0.9% during the first quarter. Trinity Financial Advisors LLC now owns 4,636 shares of the software giant’s stock valued at $1,429,000 after purchasing an additional 40 shares during the last quarter. Atlas Financial Advisors Inc. lifted its holdings in Microsoft by 3.3% during the first quarter. Atlas Financial Advisors Inc. now owns 1,267 shares of the software giant’s stock valued at $391,000 after purchasing an additional 40 shares during the last quarter. Finally, Personal Wealth Partners lifted its holdings in Microsoft by 1.9% during the first quarter. Personal Wealth Partners now owns 2,286 shares of the software giant’s stock valued at $705,000 after purchasing an additional 42 shares during the last quarter. 69.29% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Morgan Stanley dropped their price objective on shares of Microsoft from $325.00 to $307.00 and set an “overweight” rating on the stock in a report on Wednesday, October 26th. Wolfe Research lowered their price target on shares of Microsoft from $340.00 to $280.00 and set an “outperform” rating on the stock in a report on Wednesday, October 26th. Macquarie assumed coverage on shares of Microsoft in a report on Wednesday, November 2nd. They issued a “neutral” rating and a $234.00 price target on the stock. Moffett Nathanson assumed coverage on shares of Microsoft in a report on Thursday, September 22nd. They issued a “hold” rating and a $285.00 price target on the stock. Finally, Cowen lowered their price target on shares of Microsoft from $310.00 to $285.00 and set an “outperform” rating on the stock in a report on Wednesday, October 26th. Three investment analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $300.64.

Insider Activity at Microsoft

In related news, CMO Christopher C. Capossela sold 5,000 shares of Microsoft stock in a transaction on Monday, September 12th. The shares were sold at an average price of $266.25, for a total value of $1,331,250.00. Following the sale, the chief marketing officer now owns 109,837 shares in the company, valued at $29,244,101.25. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.03% of the stock is currently owned by company insiders.

Microsoft Stock Up 0.2 %

Shares of Microsoft stock opened at $241.97 on Wednesday. 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 52-week low of $213.43 and a 52-week high of $349.67. The stock has a market capitalization of $1.80 trillion, a price-to-earnings ratio of 26.07, a P/E/G ratio of 2.38 and a beta of 0.92. The company’s 50 day moving average price is $238.98 and its 200-day moving average price is $257.06.

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 the consensus estimate of $2.30 by $0.05. The firm had revenue of $50.12 billion for the quarter, compared to analysts’ expectations of $49.70 billion. Microsoft had a net margin of 34.37% and a return on equity of 42.10%. The business’s revenue was up 10.6% on a year-over-year basis. During the same quarter last year, the business earned $2.27 earnings per share. Equities research analysts forecast that Microsoft Co. will post 9.62 EPS for the current year.

Microsoft Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 8th. Investors of record on Thursday, November 17th will be issued a $0.68 dividend. The ex-dividend date is Wednesday, November 16th. This represents a $2.72 annualized dividend and a yield of 1.12%. This is a boost from Microsoft’s previous quarterly dividend of $0.62. Microsoft’s payout ratio is 26.72%.

Microsoft Profile

(Get Rating)

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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