TLW Wealth Management LLC lowered its holdings in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 11.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 41,015 shares of the software giant’s stock after selling 5,504 shares during the period. Microsoft comprises 8.3% of TLW Wealth Management LLC’s portfolio, making the stock its 4th largest position. TLW Wealth Management LLC’s holdings in Microsoft were worth $9,552,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Monumental Financial Group Inc. bought a new position in Microsoft during the 1st quarter worth approximately $28,000. Newfound Research LLC raised its position in shares of Microsoft by 25.4% during the 2nd quarter. Newfound Research LLC now owns 296 shares of the software giant’s stock worth $76,000 after purchasing an additional 60 shares during the period. Darrow Company Inc. acquired a new stake in shares of Microsoft during the 2nd quarter worth approximately $82,000. Morgan Dempsey Capital Management LLC acquired a new stake in shares of Microsoft during the 3rd quarter worth approximately $82,000. Finally, Avondale Wealth Management raised its position in shares of Microsoft by 58.6% during the 3rd quarter. Avondale Wealth Management now owns 406 shares of the software giant’s stock worth $95,000 after purchasing an additional 150 shares during the period. Hedge funds and other institutional investors own 69.15% of the company’s stock.
Insider Buying and Selling
In related news, EVP Judson Althoff sold 24,144 shares of the stock in a transaction on Thursday, December 1st. The stock was sold at an average price of $254.27, for a total transaction of $6,139,094.88. Following the completion of the sale, the executive vice president now directly owns 150,047 shares in the company, valued at $38,152,450.69. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.03% of the stock is owned by corporate insiders.
Microsoft Stock Performance
Microsoft (NASDAQ:MSFT – Get 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 $2.29 by $0.06. Microsoft had a return on equity of 42.10% and a net margin of 34.37%. The business had revenue of $50.12 billion during the quarter, compared to analysts’ expectations of $49.70 billion. During the same quarter last year, the firm posted $2.27 earnings per share. Microsoft’s revenue was up 10.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Microsoft Co. will post 9.52 EPS for the current fiscal year.
Microsoft Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 9th. Investors of record on Thursday, February 16th will be issued a dividend of $0.68 per share. The ex-dividend date is Wednesday, February 15th. This represents a $2.72 annualized dividend and a dividend yield of 1.13%. Microsoft’s dividend payout ratio is 29.31%.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on MSFT shares. Morgan Stanley dropped their price target on Microsoft from $325.00 to $307.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 26th. Jefferies Financial Group set a $270.00 price target on Microsoft in a research report on Thursday, January 5th. Cowen lowered their target price on Microsoft from $285.00 to $280.00 and set an “outperform” rating on the stock in a research report on Thursday. Wells Fargo & Company lowered their target price on Microsoft from $315.00 to $300.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 26th. Finally, Stifel Nicolaus lowered their target price on Microsoft from $300.00 to $290.00 and set a “buy” rating on the stock in a research report on Wednesday, October 26th. One analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $287.88.
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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