Wealthstreet Investment Advisors LLC reduced its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 1.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 120,259 shares of the software giant’s stock after selling 1,275 shares during the quarter. Microsoft comprises 1.6% of Wealthstreet Investment Advisors LLC’s portfolio, making the stock its 11th biggest position. Wealthstreet Investment Advisors LLC’s holdings in Microsoft were worth $11,859,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Osterweis Capital Management Inc. lifted its holdings in shares of Microsoft by 40.2% during the 1st quarter. Osterweis Capital Management Inc. now owns 427,300 shares of the software giant’s stock valued at $39,000,000 after purchasing an additional 122,615 shares in the last quarter. Skye Global Management LP lifted its holdings in shares of Microsoft by 174.8% during the 1st quarter. Skye Global Management LP now owns 1,998,900 shares of the software giant’s stock valued at $182,440,000 after purchasing an additional 1,271,400 shares in the last quarter. HC Financial Advisors Inc. bought a new position in shares of Microsoft during the 4th quarter valued at about $2,206,000. Middleton & Co Inc MA lifted its holdings in shares of Microsoft by 1.5% during the 2nd quarter. Middleton & Co Inc MA now owns 55,349 shares of the software giant’s stock valued at $5,457,000 after purchasing an additional 838 shares in the last quarter. Finally, FCG Advisors LLC lifted its stake in Microsoft by 19.6% in the 1st quarter. FCG Advisors LLC now owns 25,098 shares of the software giant’s stock valued at $2,291,000 after acquiring an additional 4,111 shares in the last quarter. Institutional investors own 71.85% of the company’s stock.
Shares of Microsoft stock opened at $109.57 on Friday. Microsoft Co. has a 12-month low of $80.70 and a 12-month high of $116.18. The company has a market cap of $862.07 billion, a PE ratio of 26.78, a P/E/G ratio of 2.04 and a beta of 1.26. The company has a current ratio of 2.92, a quick ratio of 2.85 and a debt-to-equity ratio of 0.88.
Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, October 24th. The software giant reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.18. Microsoft had a return on equity of 39.86% and a net margin of 16.38%. The company had revenue of $29.08 billion for the quarter, compared to analysts’ expectations of $27.92 billion. During the same quarter in the prior year, the business posted $0.84 EPS. The business’s revenue was up 18.5% compared to the same quarter last year. As a group, equities analysts expect that Microsoft Co. will post 4.39 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 13th. Stockholders of record on Thursday, November 15th will be paid a dividend of $0.46 per share. The ex-dividend date of this dividend is Wednesday, November 14th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.68%. This is a boost from Microsoft’s previous quarterly dividend of $0.42. Microsoft’s dividend payout ratio is currently 43.30%.
Several equities research analysts have commented on the company. Wells Fargo & Co restated a “buy” rating and issued a $130.00 target price on shares of Microsoft in a research note on Thursday, September 27th. Stifel Nicolaus boosted their target price on Microsoft from $107.00 to $118.00 and gave the company a “buy” rating in a research note on Friday, July 20th. Sanford C. Bernstein set a $135.00 target price on Microsoft and gave the company a “buy” rating in a research note on Friday, July 20th. Bank of America boosted their target price on Microsoft from $123.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, July 17th. Finally, Credit Suisse Group restated a “buy” rating and issued a $125.00 target price on shares of Microsoft in a research note on Monday, October 29th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty-three have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $121.88.
In related news, CEO Satya Nadella sold 203,418 shares of the business’s stock in a transaction that occurred on Friday, October 26th. The stock was sold at an average price of $106.68, for a total transaction of $21,700,632.24. Following the transaction, the chief executive officer now directly owns 1,014,247 shares of the company’s stock, valued at approximately $108,199,869.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Frank H. Brod sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, November 5th. The stock was sold at an average price of $107.18, for a total value of $214,360.00. Following the transaction, the insider now directly owns 64,676 shares in the company, valued at $6,931,973.68. The disclosure for this sale can be found here. In the last quarter, insiders have sold 479,080 shares of company stock worth $52,100,893. Company insiders own 1.49% of the company’s stock.
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Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its company's Productivity and Business Processes segment offers Office 365 commercial products and services for businesses, such as Office, Exchange, SharePoint, Skype for Business, Microsoft Teams, and related Client Access Licenses (CALs); Office 365 consumer services, including Skype, Outlook.com, and OneDrive; LinkedIn online professional network; and Dynamics business solutions comprising financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and medium businesses, large organizations, and divisions of enterprises.
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