Cable Hill Partners LLC decreased its holdings in Microsoft Co. (NASDAQ:MSFT) by 4.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,389 shares of the software giant’s stock after selling 1,052 shares during the period. Microsoft comprises 1.5% of Cable Hill Partners LLC’s portfolio, making the stock its 8th largest holding. Cable Hill Partners LLC’s holdings in Microsoft were worth $4,556,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of MSFT. Selective Wealth Management Inc. boosted its position in shares of Microsoft by 26.9% in the second quarter. Selective Wealth Management Inc. now owns 236 shares of the software giant’s stock valued at $48,000 after acquiring an additional 50 shares during the period. KG&L Capital Management LLC lifted its position in Microsoft by 0.7% in the second quarter. KG&L Capital Management LLC now owns 7,764 shares of the software giant’s stock worth $1,579,000 after purchasing an additional 53 shares during the period. Advisors Management Group Inc. ADV boosted its stake in Microsoft by 1.8% during the second quarter. Advisors Management Group Inc. ADV now owns 3,118 shares of the software giant’s stock worth $634,000 after buying an additional 54 shares in the last quarter. UMA Financial Services Inc. boosted its stake in Microsoft by 0.4% during the second quarter. UMA Financial Services Inc. now owns 13,618 shares of the software giant’s stock worth $2,836,000 after buying an additional 56 shares in the last quarter. Finally, Successful Portfolios LLC boosted its stake in Microsoft by 0.3% during the second quarter. Successful Portfolios LLC now owns 16,656 shares of the software giant’s stock worth $3,390,000 after buying an additional 58 shares in the last quarter. Institutional investors own 69.93% of the company’s stock.
NASDAQ:MSFT opened at $208.78 on Wednesday. Microsoft Co. has a twelve month low of $132.52 and a twelve month high of $232.86. The company has a quick ratio of 2.49, a current ratio of 2.52 and a debt-to-equity ratio of 0.50. The business has a 50 day moving average price of $212.36 and a two-hundred day moving average price of $187.59. The company has a market cap of $1,579.97 billion, a P/E ratio of 36.31, a price-to-earnings-growth ratio of 2.33 and a beta of 0.89.
Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Wednesday, July 22nd. The software giant reported $1.46 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.12. The firm had revenue of $38.03 billion during the quarter, compared to the consensus estimate of $36.59 billion. Microsoft had a return on equity of 39.45% and a net margin of 30.96%. As a group, analysts anticipate that Microsoft Co. will post 6.39 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Thursday, November 19th will be issued a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend is Wednesday, November 18th. This is an increase from Microsoft’s previous quarterly dividend of $0.51. Microsoft’s dividend payout ratio is presently 35.42%.
MSFT has been the topic of a number of recent research reports. Stifel Nicolaus lifted their price target on shares of Microsoft from $200.00 to $215.00 and gave the stock a “buy” rating in a research note on Monday, July 20th. Mizuho lifted their price target on Microsoft from $225.00 to $240.00 and gave the company a “buy” rating in a report on Monday, August 31st. Summit Insights assumed coverage on Microsoft in a report on Wednesday, May 27th. They issued a “buy” rating and a $220.00 price target for the company. Argus lifted their price target on Microsoft from $200.00 to $235.00 and gave the company a “buy” rating in a report on Wednesday, June 24th. Finally, Jefferies Financial Group lifted their price target on Microsoft from $200.00 to $240.00 and gave the company a “buy” rating in a report on Sunday, July 19th. Four equities research analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Microsoft has a consensus rating of “Buy” and an average price target of $216.72.
In related news, EVP Jean Philippe Courtois sold 15,140 shares of the stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $215.00, for a total value of $3,255,100.00. Following the sale, the executive vice president now owns 560,498 shares in the company, valued at approximately $120,507,070. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Amy Hood sold 80,000 shares of the stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $218.14, for a total value of $17,451,200.00. Following the completion of the sale, the chief financial officer now owns 452,720 shares in the company, valued at approximately $98,756,340.80. The disclosure for this sale can be found here. In the last three months, insiders sold 164,067 shares of company stock valued at $35,247,737. 1.39% of the stock is currently owned by insiders.
Microsoft Company Profile
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, 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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