Microsoft Co. (NASDAQ:MSFT) Shares Sold by Game Plan Financial Advisors LLC

Game Plan Financial Advisors LLC reduced its position in Microsoft Co. (NASDAQ:MSFTGet Rating) by 2.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,522 shares of the software giant’s stock after selling 400 shares during the quarter. Microsoft comprises approximately 3.0% of Game Plan Financial Advisors LLC’s investment portfolio, making the stock its 9th largest position. Game Plan Financial Advisors LLC’s holdings in Microsoft were worth $3,712,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Microsoft by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 621,598,157 shares of the software giant’s stock valued at $191,644,927,000 after buying an additional 5,648,095 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Microsoft by 2.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 39,863,273 shares of the software giant’s stock valued at $12,290,246,000 after buying an additional 766,487 shares in the last quarter. Swiss National Bank grew its holdings in Microsoft by 13.8% in the 1st quarter. Swiss National Bank now owns 30,893,155 shares of the software giant’s stock valued at $9,524,669,000 after buying an additional 3,757,500 shares in the last quarter. Fisher Asset Management LLC grew its holdings in Microsoft by 3.8% in the 1st quarter. Fisher Asset Management LLC now owns 27,871,939 shares of the software giant’s stock valued at $8,593,198,000 after buying an additional 1,027,207 shares in the last quarter. Finally, Jennison Associates LLC grew its holdings in Microsoft by 0.4% in the 2nd quarter. Jennison Associates LLC now owns 23,188,553 shares of the software giant’s stock valued at $5,955,516,000 after buying an additional 96,222 shares in the last quarter. 69.29% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Microsoft

In other Microsoft news, CMO Christopher C. Capossela sold 5,000 shares of Microsoft stock in a transaction that occurred on 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 transaction, the chief marketing officer now directly owns 109,837 shares in the company, valued at approximately $29,244,101.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on MSFT. Cowen lowered their price target on Microsoft from $310.00 to $285.00 and set an “outperform” rating for the company in a report on Wednesday, October 26th. Evercore ISI lowered their price target on Microsoft from $330.00 to $300.00 and set an “outperform” rating for the company in a report on Wednesday, October 26th. Raymond James lowered their price target on Microsoft from $300.00 to $280.00 and set an “outperform” rating for the company in a report on Wednesday, October 26th. Mizuho decreased their target price on Microsoft from $320.00 to $305.00 and set a “buy” rating on the stock in a research note on Wednesday, October 26th. Finally, Fundamental Research decreased their target price on Microsoft to $270.00 and set a “buy” rating on the stock in a research note on Tuesday, November 8th. Three research analysts have rated the stock with a hold rating and thirty-one have assigned 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 target price of $300.64.

Microsoft Trading Up 1.2 %

NASDAQ:MSFT opened at $245.03 on Wednesday. The stock’s 50 day moving average price is $237.22 and its 200 day moving average price is $255.68. The company has a market capitalization of $1.83 trillion, a PE ratio of 26.40, a P/E/G ratio of 2.32 and a beta of 0.92. The company has a quick ratio of 1.79, a current ratio of 1.84 and a debt-to-equity ratio of 0.26. Microsoft Co. has a 52-week low of $213.43 and a 52-week high of $344.30.

Microsoft (NASDAQ:MSFTGet Rating) last released its quarterly 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 firm had revenue of $50.12 billion for 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 firm’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter last year, the business posted $2.27 EPS. On average, research analysts anticipate that Microsoft Co. will post 9.62 EPS for the current year.

Microsoft Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 8th. Shareholders of record on Thursday, November 17th will be paid a $0.68 dividend. This is an increase from Microsoft’s previous quarterly dividend of $0.62. This represents a $2.72 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend is Wednesday, November 16th. Microsoft’s dividend payout ratio (DPR) is 29.31%.

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.

Further Reading

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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