Accurate Wealth Management LLC Sells 1,448 Shares of Microsoft Co. (NASDAQ:MSFT)

Accurate Wealth Management LLC lowered its position in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 8.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,663 shares of the software giant’s stock after selling 1,448 shares during the quarter. Microsoft makes up approximately 2.4% of Accurate Wealth Management LLC’s holdings, making the stock its 7th biggest holding. Accurate Wealth Management LLC’s holdings in Microsoft were worth $4,410,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. University of Texas Texas AM Investment Managment Co. raised its holdings in shares of Microsoft by 1,316.7% in the first quarter. University of Texas Texas AM Investment Managment Co. now owns 85 shares of the software giant’s stock valued at $26,000 after buying an additional 79 shares during the last quarter. Monumental Financial Group Inc. acquired a new stake in Microsoft in the 1st quarter valued at about $28,000. Newfound Research LLC raised its stake in shares of Microsoft by 25.4% in the second quarter. Newfound Research LLC now owns 296 shares of the software giant’s stock worth $76,000 after acquiring an additional 60 shares during the last quarter. Darrow Company Inc. acquired a new position in shares of Microsoft during the second quarter worth approximately $82,000. Finally, Evolution Advisers Inc. grew its stake in shares of Microsoft by 36.4% during the first quarter. Evolution Advisers Inc. now owns 341 shares of the software giant’s stock valued at $105,000 after purchasing an additional 91 shares during the last quarter. 69.29% of the stock is owned by institutional investors.

Microsoft Trading Up 1.0 %

Shares of NASDAQ:MSFT opened at $247.58 on Friday. The firm has a market cap of $1.85 trillion, a price-to-earnings ratio of 26.68, a PEG ratio of 2.36 and a beta of 0.92. Microsoft Co. has a 12 month low of $213.43 and a 12 month high of $344.30. The company’s fifty day simple moving average is $237.12 and its 200 day simple moving average is $255.62. 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 (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, beating the consensus estimate 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 company’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter last year, the business posted $2.27 EPS. As a group, research analysts forecast that Microsoft Co. will post 9.62 EPS for the current fiscal year.

Microsoft Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 8th. Shareholders of record on Thursday, November 17th will be given a dividend of $0.68 per share. The ex-dividend date of this dividend is Wednesday, November 16th. This represents a $2.72 dividend on an annualized basis and a yield of 1.10%. This is an increase from Microsoft’s previous quarterly dividend of $0.62. Microsoft’s dividend payout ratio is 29.31%.

Analysts Set New Price Targets

Several research analysts have issued reports on MSFT shares. Morgan Stanley reduced their price objective on Microsoft from $325.00 to $307.00 and set an “overweight” rating on the stock in a report on Wednesday, October 26th. StockNews.com began coverage on Microsoft in a research note on Wednesday, October 12th. They set a “buy” rating on the stock. UBS Group set a $300.00 price objective on Microsoft in a research report on Monday. Wells Fargo & Company cut their target price on shares of Microsoft from $315.00 to $300.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 26th. Finally, Rosenblatt Securities lowered their price target on shares of Microsoft from $300.00 to $285.00 and set a “buy” rating for the company in a research report on Thursday, October 27th. Three investment 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, Microsoft currently has a consensus rating of “Moderate Buy” and a consensus target price of $300.64.

Insider Transactions at Microsoft

In other news, CMO Christopher C. Capossela sold 5,000 shares of the business’s 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 of the company’s stock, valued at $29,244,101.25. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.03% of the company’s stock.

About Microsoft

(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.

See Also

Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Co. (NASDAQ:MSFTGet Rating).

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

Receive News & Ratings for Microsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft and related companies with MarketBeat.com's FREE daily email newsletter.