WP Advisors LLC cut its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 2.6% during the 1st quarter, Holdings Channel.com reports. The fund owned 6,090 shares of the software giant’s stock after selling 162 shares during the period. WP Advisors LLC’s holdings in Microsoft were worth $1,436,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of the business. OLD Mission Capital LLC purchased a new stake in shares of Microsoft during the 3rd quarter valued at $1,254,000. FWL Investment Management LLC purchased a new stake in Microsoft in the 4th quarter worth about $5,221,000. Sage Mountain Advisors LLC purchased a new stake in Microsoft in the 4th quarter worth about $1,630,000. Eagle Capital Management LLC increased its holdings in Microsoft by 0.7% in the 4th quarter. Eagle Capital Management LLC now owns 35,172 shares of the software giant’s stock worth $7,823,000 after acquiring an additional 254 shares during the last quarter. Finally, Ironwood Wealth Management LLC. increased its holdings in Microsoft by 839.3% in the 4th quarter. Ironwood Wealth Management LLC. now owns 11,093 shares of the software giant’s stock worth $2,467,000 after acquiring an additional 9,912 shares during the last quarter. Institutional investors and hedge funds own 69.38% of the company’s stock.
Shares of MSFT stock opened at $257.24 on Friday. The stock has a market capitalization of $1.94 trillion, a PE ratio of 35.05, a price-to-earnings-growth ratio of 2.54 and a beta of 0.79. The business has a fifty day moving average price of $251.46. Microsoft Co. has a twelve month low of $184.01 and a twelve month high of $263.19. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.26 and a current ratio of 2.29.
The company also recently declared a quarterly dividend, which was paid on Thursday, June 10th. Investors of record on Thursday, May 20th were paid a $0.56 dividend. The ex-dividend date of this dividend was Wednesday, May 19th. This represents a $2.24 annualized dividend and a yield of 0.87%. Microsoft’s payout ratio is 38.89%.
In other Microsoft news, CMO Christopher C. Capossela sold 1,500 shares of the business’s stock in a transaction on Wednesday, May 12th. The stock was sold at an average price of $240.00, for a total value of $360,000.00. Following the sale, the chief marketing officer now directly owns 87,703 shares of the company’s stock, valued at $21,048,720. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Bradford L. Smith sold 8,000 shares of the business’s stock in a transaction on Monday, May 10th. The stock was sold at an average price of $250.27, for a total value of $2,002,160.00. Following the completion of the sale, the president now directly owns 694,584 shares in the company, valued at $173,833,537.68. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,586 shares of company stock worth $3,899,849. 0.05% of the stock is owned by insiders.
Several equities research analysts recently weighed in on the company. Cowen lifted their price objective on Microsoft from $280.00 to $295.00 and gave the stock an “outperform” rating in a report on Wednesday, April 28th. The Goldman Sachs Group reissued a “buy” rating and issued a $340.00 price objective on shares of Microsoft in a report on Wednesday, April 28th. Mizuho lifted their target price on Microsoft from $270.00 to $285.00 and gave the company a “buy” rating in a report on Wednesday, April 28th. KGI Securities initiated coverage on Microsoft in a report on Tuesday, June 1st. They set an “outperform” rating and a $300.00 target price for the company. Finally, Wolfe Research initiated coverage on Microsoft in a report on Thursday, April 22nd. They set an “outperform” rating and a $290.00 target price for the company. Two research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and two have assigned a strong buy rating to the company. Microsoft has an average rating of “Buy” and a consensus target price of $290.70.
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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