Precision Wealth Strategies LLC cut its stake in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 25.9% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 4,542 shares of the software giant’s stock after selling 1,587 shares during the period. Microsoft makes up approximately 1.0% of Precision Wealth Strategies LLC’s holdings, making the stock its 18th largest holding. Precision Wealth Strategies LLC’s holdings in Microsoft were worth $1,123,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of MSFT. Vanguard Group Inc. lifted its stake in shares of Microsoft by 0.9% in the first quarter. Vanguard Group Inc. now owns 621,598,157 shares of the software giant’s stock worth $191,644,927,000 after acquiring an additional 5,648,095 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Microsoft by 0.3% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 195,859,819 shares of the software giant’s stock worth $50,302,677,000 after purchasing an additional 556,020 shares during the last quarter. Legal & General Group Plc raised its position in shares of Microsoft by 1.5% in the 2nd quarter. Legal & General Group Plc now owns 54,799,110 shares of the software giant’s stock valued at $14,074,064,000 after purchasing an additional 784,656 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Microsoft by 2.4% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 40,130,443 shares of the software giant’s stock valued at $10,306,701,000 after buying an additional 939,396 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Microsoft by 2.0% in 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 buying an additional 766,487 shares during the last quarter. Institutional investors and hedge funds own 69.15% of the company’s stock.
Insider Transactions at Microsoft
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 value of $6,139,094.88. Following the completion of the transaction, the executive vice president now owns 150,047 shares in the company, valued at approximately $38,152,450.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.03% of the stock is owned by insiders.
Microsoft Price Performance
Microsoft (NASDAQ:MSFT – Get Rating) last announced its quarterly earnings data on Tuesday, January 24th. The software giant reported $2.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.30 by $0.02. Microsoft had a net margin of 34.37% and a return on equity of 42.10%. The company had revenue of $52.75 billion for the quarter, compared to analysts’ expectations of $53.17 billion. During the same quarter in the previous year, the company posted $2.48 EPS. The business’s revenue was up 2.0% compared to the same quarter last year. As a group, sell-side analysts predict that Microsoft Co. will post 9.51 earnings per share for the current fiscal year.
Microsoft Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 9th. Investors 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 1.12%. The ex-dividend date of this dividend is Wednesday, February 15th. Microsoft’s payout ratio is 29.31%.
Analysts Set New Price Targets
A number of research analysts have commented on MSFT shares. Raymond James reduced their price objective 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. Royal Bank of Canada set a $285.00 price target on Microsoft in a research note on Wednesday, January 18th. Barclays cut their price objective on Microsoft from $296.00 to $280.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 10th. Wedbush decreased their target price on Microsoft from $320.00 to $290.00 and set an “outperform” rating for the company in a research report on Wednesday, October 26th. Finally, UBS Group set a $250.00 price target on Microsoft in a research report on Thursday, January 19th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and twenty-nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $287.79.
Microsoft Company Profile
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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