Microsoft Co. (NASDAQ:MSFT) Shares Sold by Thompson Davis & CO. Inc.

Thompson Davis & CO. Inc. lowered its stake in Microsoft Co. (NASDAQ:MSFTGet Rating) by 26.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,970 shares of the software giant’s stock after selling 1,069 shares during the quarter. Thompson Davis & CO. Inc.’s holdings in Microsoft were worth $763,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position 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 purchasing an additional 5,648,095 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Microsoft by 2.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 39,863,273 shares of the software giant’s stock worth $12,290,246,000 after purchasing an additional 766,487 shares in the last quarter. Swiss National Bank lifted its position in shares of Microsoft by 13.8% during the first quarter. Swiss National Bank now owns 30,893,155 shares of the software giant’s stock worth $9,524,669,000 after purchasing an additional 3,757,500 shares in the last quarter. Fisher Asset Management LLC lifted its position in shares of Microsoft by 3.8% during the first quarter. Fisher Asset Management LLC now owns 27,871,939 shares of the software giant’s stock worth $8,593,198,000 after purchasing an additional 1,027,207 shares in the last quarter. Finally, Jennison Associates LLC lifted its position in shares of Microsoft by 0.4% during the second quarter. Jennison Associates LLC now owns 23,188,553 shares of the software giant’s stock worth $5,955,516,000 after purchasing an additional 96,222 shares in the last quarter. Institutional investors and hedge funds own 69.29% of the company’s stock.

Insiders Place Their Bets

In other Microsoft 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 transaction of $1,331,250.00. Following the sale, 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.03% of the company’s stock.

Microsoft Stock Performance

NASDAQ:MSFT opened at $247.58 on Friday. The firm’s fifty day moving average price is $237.12 and its 200 day moving average price is $255.62. Microsoft Co. has a 1-year low of $213.43 and a 1-year high of $344.30. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.84 and a quick ratio of 1.79. The firm has a market cap of $1.85 trillion, a price-to-earnings ratio of 26.68, a price-to-earnings-growth ratio of 2.36 and a beta of 0.92.

Microsoft (NASDAQ:MSFTGet Rating) last issued its earnings results on Tuesday, October 25th. The software giant reported $2.35 EPS for the quarter, topping the consensus estimate of $2.30 by $0.05. The company had revenue of $50.12 billion for the quarter, compared to analyst estimates 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 period in the previous year, the firm earned $2.27 EPS. On average, sell-side analysts expect 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 given a dividend of $0.68 per share. This is a positive change from Microsoft’s previous quarterly dividend of $0.62. This represents a $2.72 annualized dividend and a dividend yield of 1.10%. The ex-dividend date is Wednesday, November 16th. Microsoft’s payout ratio is presently 29.31%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on MSFT. Morgan Stanley reduced their price target on shares of Microsoft from $325.00 to $307.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 26th. Citigroup cut their target price on shares of Microsoft from $300.00 to $282.00 and set a “buy” rating on the stock in a research note on Wednesday, October 19th. Credit Suisse Group cut their target price on shares of Microsoft from $400.00 to $365.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 26th. Wolfe Research cut their target price on shares of Microsoft from $340.00 to $280.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 26th. Finally, Raymond James cut their target price on shares of Microsoft from $300.00 to $280.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 26th. Three investment analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company’s stock. According to data from MarketBeat, Microsoft currently has an average rating of “Moderate Buy” and an average price target of $300.64.

Microsoft Company 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.

Further Reading

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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