Beacon Financial Advisory LLC Decreases Holdings in Microsoft Co. (NASDAQ:MSFT)

Beacon Financial Advisory LLC reduced its holdings in Microsoft Co. (NASDAQ:MSFTGet Rating) by 30.2% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,384 shares of the software giant’s stock after selling 4,066 shares during the quarter. Microsoft accounts for about 1.6% of Beacon Financial Advisory LLC’s investment portfolio, making the stock its 10th largest position. Beacon Financial Advisory LLC’s holdings in Microsoft were worth $2,185,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. DGS Capital Management LLC increased its position in shares of Microsoft by 19.9% during the 1st quarter. DGS Capital Management LLC now owns 14,342 shares of the software giant’s stock valued at $4,422,000 after purchasing an additional 2,383 shares during the last quarter. IFM Investors Pty Ltd boosted its holdings in Microsoft by 20.8% during the 1st quarter. IFM Investors Pty Ltd now owns 1,138,469 shares of the software giant’s stock valued at $351,001,000 after acquiring an additional 196,338 shares during the period. Altus Wealth Group LLC boosted its holdings in Microsoft by 1.2% during the 1st quarter. Altus Wealth Group LLC now owns 12,712 shares of the software giant’s stock valued at $3,919,000 after acquiring an additional 152 shares during the period. Powell Investment Advisors LLC boosted its holdings in Microsoft by 16.2% during the 1st quarter. Powell Investment Advisors LLC now owns 2,578 shares of the software giant’s stock valued at $795,000 after acquiring an additional 359 shares during the period. Finally, Onyx Bridge Wealth Group LLC boosted its holdings in Microsoft by 8.2% during the 1st quarter. Onyx Bridge Wealth Group LLC now owns 6,782 shares of the software giant’s stock valued at $1,921,000 after acquiring an additional 512 shares during the period. 69.15% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Evercore ISI dropped their target price on Microsoft from $330.00 to $300.00 and set an “outperform” rating for the company in a report on Wednesday, October 26th. Cowen dropped their target price on Microsoft from $310.00 to $285.00 and set an “outperform” rating for the company in a report on Wednesday, October 26th. StockNews.com began coverage on Microsoft in a report on Wednesday, October 12th. They set a “buy” rating for the company. Royal Bank of Canada set a $285.00 price objective on Microsoft in a report on Tuesday, January 10th. Finally, DA Davidson began coverage on Microsoft in a report on Wednesday, January 4th. They issued a “buy” rating and a $270.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $293.09.

Insiders Place Their Bets

In other Microsoft news, EVP Judson Althoff sold 24,144 shares of Microsoft stock in a transaction on Thursday, December 1st. The stock was sold at an average price of $254.27, for a total value of $6,139,094.88. Following the completion of the sale, the executive vice president now owns 150,047 shares of the company’s stock, valued at approximately $38,152,450.69. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.03% of the company’s stock.

Microsoft Stock Up 0.3 %

MSFT stock opened at $239.23 on Monday. The firm has a market cap of $1.78 trillion, a PE ratio of 25.78, a price-to-earnings-growth ratio of 2.35 and a beta of 0.94. The business has a 50 day moving average of $241.38 and a 200 day moving average of $250.72. Microsoft Co. has a twelve month low of $213.43 and a twelve month high of $315.95. 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 posted its earnings results on Tuesday, October 25th. The software giant reported $2.35 EPS for the quarter, topping analysts’ consensus estimates of $2.29 by $0.06. The business had revenue of $50.12 billion during the quarter, compared to analyst estimates of $49.70 billion. Microsoft had a return on equity of 42.10% and a net margin of 34.37%. The company’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter last year, the company earned $2.27 EPS. On average, research analysts forecast that Microsoft Co. will post 9.52 EPS for the current fiscal year.

Microsoft Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 9th. Shareholders of record on Wednesday, February 15th will be issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date of this dividend is Wednesday, February 15th. Microsoft’s payout ratio is 29.31%.

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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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