Angeles Wealth Management LLC Has $14.34 Million Position in Microsoft Co. (NASDAQ:MSFT)

Angeles Wealth Management LLC cut its stake in Microsoft Co. (NASDAQ:MSFTGet Rating) by 2.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,815 shares of the software giant’s stock after selling 1,621 shares during the period. Microsoft makes up about 2.9% of Angeles Wealth Management LLC’s portfolio, making the stock its 11th biggest holding. Angeles Wealth Management LLC’s holdings in Microsoft were worth $14,335,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently modified their holdings of the company. Aaron Wealth Advisors LLC raised its position in Microsoft by 35,465.9% in the 1st quarter. Aaron Wealth Advisors LLC now owns 20,611,140 shares of the software giant’s stock valued at $66,852,000 after purchasing an additional 20,553,188 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Microsoft by 0.9% during the first quarter. Vanguard Group Inc. now owns 621,598,157 shares of the software giant’s stock worth $191,644,927,000 after buying an additional 5,648,095 shares during the period. Swiss National Bank increased its position 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 acquiring an additional 3,757,500 shares during the period. Jennison Associates LLC raised its stake in Microsoft by 13.2% during the 1st quarter. Jennison Associates LLC now owns 23,092,331 shares of the software giant’s stock valued at $7,119,597,000 after acquiring an additional 2,696,424 shares during the last quarter. Finally, Verity Asset Management Inc. lifted its position in Microsoft by 21,811.0% during the 1st quarter. Verity Asset Management Inc. now owns 2,047,582 shares of the software giant’s stock worth $2,901,000 after acquiring an additional 2,038,237 shares during the period. 69.29% of the stock is currently owned by institutional investors.

Microsoft Trading Up 1.0 %

Shares of MSFT stock opened at $247.58 on Friday. The company has a market capitalization of $1.85 trillion, a price-to-earnings ratio of 26.68, a PEG ratio of 2.36 and a beta of 0.92. The company has a current ratio of 1.84, a quick ratio of 1.79 and a debt-to-equity ratio of 0.26. The firm has a 50-day moving average price of $237.12 and a 200 day moving average price of $255.62. Microsoft Co. has a twelve month low of $213.43 and a twelve month high of $344.30.

Microsoft (NASDAQ:MSFTGet Rating) last posted its quarterly earnings data on Tuesday, October 25th. The software giant reported $2.35 earnings per share for the quarter, beating analysts’ consensus estimates of $2.30 by $0.05. Microsoft had a net margin of 34.37% and a return on equity of 42.10%. The business had revenue of $50.12 billion during the quarter, compared to analyst estimates of $49.70 billion. During the same quarter in the previous year, the business posted $2.27 earnings per share. The company’s revenue was up 10.6% on a year-over-year basis. Research analysts forecast that Microsoft Co. will post 9.62 earnings per share for the current fiscal year.

Microsoft Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 8th. Stockholders of record on Thursday, November 17th will be issued a dividend of $0.68 per share. This is a boost from Microsoft’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Wednesday, November 16th. This represents a $2.72 annualized dividend and a dividend yield of 1.10%. Microsoft’s dividend payout ratio (DPR) is 29.31%.

Insider Activity at Microsoft

In other Microsoft news, CMO Christopher C. Capossela sold 5,000 shares of the firm’s 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 sale, 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 filing with the SEC, which can be accessed through this link. Insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

MSFT has been the topic of a number of recent research reports. BMO Capital Markets dropped their target price on Microsoft from $295.00 to $270.00 and set an “outperform” rating on the stock in a report on Wednesday, October 26th. Morgan Stanley reduced their target price on shares of Microsoft from $325.00 to $307.00 and set an “overweight” rating for the company in a research note on Wednesday, October 26th. Oppenheimer reduced their price objective on shares of Microsoft from $275.00 to $265.00 in a research report on Wednesday, October 26th. Raymond James cut their target price on Microsoft from $300.00 to $280.00 and set an “outperform” rating for the company in a research note on Wednesday, October 26th. Finally, JPMorgan Chase & Co. dropped their price objective on Microsoft from $305.00 to $275.00 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. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $300.64.

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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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