Sowell Financial Services LLC Increases Holdings in Microsoft Co. (NASDAQ:MSFT)


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Sowell Financial Services LLC lifted its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 3.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 210,425 shares of the software giant’s stock after purchasing an additional 6,500 shares during the period. Microsoft accounts for 2.0% of Sowell Financial Services LLC’s holdings, making the stock its 5th biggest holding. Sowell Financial Services LLC’s holdings in Microsoft were worth $46,803,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Parkside Investments LLC raised its stake in Microsoft by 8.3% during the fourth quarter. Parkside Investments LLC now owns 21,417 shares of the software giant’s stock worth $4,763,000 after buying an additional 1,635 shares during the last quarter. Symphony Financial Ltd. Co. increased its position in shares of Microsoft by 3.3% during the fourth quarter. Symphony Financial Ltd. Co. now owns 44,592 shares of the software giant’s stock worth $9,707,000 after acquiring an additional 1,425 shares in the last quarter. KMG Fiduciary Partners LLC increased its position in shares of Microsoft by 4.8% during the fourth quarter. KMG Fiduciary Partners LLC now owns 98,446 shares of the software giant’s stock worth $21,451,000 after acquiring an additional 4,530 shares in the last quarter. HT Partners LLC boosted its holdings in Microsoft by 30.8% during the fourth quarter. HT Partners LLC now owns 8,879 shares of the software giant’s stock worth $1,975,000 after purchasing an additional 2,091 shares during the last quarter. Finally, Global Trust Asset Management LLC boosted its holdings in Microsoft by 6.7% during the fourth quarter. Global Trust Asset Management LLC now owns 16,341 shares of the software giant’s stock worth $3,635,000 after purchasing an additional 1,023 shares during the last quarter. Institutional investors own 63.89% of the company’s stock.

In other Microsoft news, President Bradford L. Smith sold 200,000 shares of the business’s stock in a transaction on Thursday, November 5th. The stock was sold at an average price of $222.58, for a total transaction of $44,516,000.00. Following the sale, the president now directly owns 778,439 shares in the company, valued at $173,264,952.62. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Kathleen T. Hogan sold 30,000 shares of the company’s stock in a transaction on Wednesday, December 9th. The shares were sold at an average price of $212.43, for a total value of $6,372,900.00. Following the completion of the sale, the executive vice president now owns 189,064 shares in the company, valued at $40,162,865.52. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 334,500 shares of company stock worth $74,142,240. 0.05% of the stock is owned by company insiders.

A number of research analysts have weighed in on MSFT shares. Oppenheimer upgraded shares of Microsoft from a “market perform” rating to an “outperform” rating and set a $260.00 target price on the stock in a research note on Thursday, November 5th. Sanford C. Bernstein set a $245.00 target price on shares of Microsoft and gave the stock a “buy” rating in a report on Tuesday, December 1st. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised shares of Microsoft from a “neutral” rating to a “buy” rating and upped their target price for the stock from $229.00 to $272.00 in a report on Monday, December 21st. BidaskClub lowered shares of Microsoft from a “hold” rating to a “sell” rating in a report on Thursday, January 7th. Finally, Jefferies Financial Group set a $260.00 price target on shares of Microsoft and gave the stock a “buy” rating in a report on Wednesday, October 28th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, thirty-two have issued a buy rating and two have assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $236.71.

Shares of MSFT stock opened at $216.34 on Thursday. The business’s fifty day moving average price is $217.71 and its 200 day moving average price is $212.60. Microsoft Co. has a 1-year low of $132.52 and a 1-year high of $232.86. The firm has a market capitalization of $1.64 trillion, a PE ratio of 34.95, a P/E/G ratio of 2.54 and a beta of 0.82. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.53 and a quick ratio of 2.49.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Tuesday, October 27th. The software giant reported $1.82 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.53 by $0.29. Microsoft had a return on equity of 40.74% and a net margin of 32.28%. The firm had revenue of $37.15 billion for the quarter, compared to analyst estimates of $35.67 billion. Equities research analysts expect that Microsoft Co. will post 6.73 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 11th. Shareholders of record on Thursday, February 18th will be given a dividend of $0.56 per share. The ex-dividend date is Wednesday, February 17th. This represents a $2.24 dividend on an annualized basis and a yield of 1.04%. Microsoft’s payout ratio is 38.89%.

Microsoft Profile

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, as well as related Client Access Licenses (CAL); Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for small and medium businesses, large organizations, and divisions of enterprises.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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