AAF Wealth Management LLC cut its position in Microsoft Co. (NASDAQ:MSFT) by 4.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,247 shares of the software giant’s stock after selling 54 shares during the period. Microsoft comprises about 0.3% of AAF Wealth Management LLC’s portfolio, making the stock its 19th largest position. AAF Wealth Management LLC’s holdings in Microsoft were worth $338,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of MSFT. Price T Rowe Associates Inc. MD grew its position in Microsoft by 0.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 178,824,616 shares of the software giant’s stock valued at $42,161,479,000 after purchasing an additional 1,324,459 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Microsoft by 2.1% during the 1st quarter. Geode Capital Management LLC now owns 120,231,394 shares of the software giant’s stock worth $28,271,347,000 after buying an additional 2,433,232 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Microsoft by 2.0% during the 1st quarter. Bank of New York Mellon Corp now owns 84,365,516 shares of the software giant’s stock worth $19,890,858,000 after buying an additional 1,652,275 shares during the period. UBS Asset Management Americas Inc. raised its stake in Microsoft by 1.6% in the 1st quarter. UBS Asset Management Americas Inc. now owns 55,655,159 shares of the software giant’s stock worth $12,950,528,000 after purchasing an additional 868,951 shares in the last quarter. Finally, Alliancebernstein L.P. raised its stake in Microsoft by 1.0% in the 2nd quarter. Alliancebernstein L.P. now owns 46,706,332 shares of the software giant’s stock worth $12,652,745,000 after purchasing an additional 461,610 shares in the last quarter. Institutional investors own 69.17% of the company’s stock.
A number of equities analysts recently issued reports on the stock. Mizuho reiterated a “buy” rating and set a $350.00 price objective (up from $325.00) on shares of Microsoft in a research report on Friday, August 20th. KeyCorp upped their price objective on shares of Microsoft from $305.00 to $330.00 and gave the company an “overweight” rating in a research note on Thursday, July 22nd. Griffin Securities boosted their target price on shares of Microsoft from $290.00 to $345.00 and gave the company a “buy” rating in a research report on Wednesday, July 28th. Fundamental Research boosted their target price on shares of Microsoft from $256.70 to $281.78 and gave the company a “hold” rating in a research report on Sunday, August 29th. Finally, Citigroup boosted their target price on shares of Microsoft from $378.00 to $411.00 and gave the company a “buy” rating in a research report on Wednesday, July 28th. Two investment analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $322.93.
Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Monday, July 26th. The software giant reported $2.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.92 by $0.25. The company had revenue of $46.15 billion during the quarter, compared to analyst estimates of $44.30 billion. Microsoft had a net margin of 36.45% and a return on equity of 45.76%. The firm’s revenue for the quarter was up 21.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.46 earnings per share. Equities research analysts predict that Microsoft Co. will post 8.61 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 9th. Shareholders of record on Thursday, November 18th will be given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 0.83%. This is a positive change from Microsoft’s previous quarterly dividend of $0.56. Microsoft’s dividend payout ratio (DPR) is currently 28.11%.
In other news, CMO Christopher C. Capossela sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, September 10th. The shares were sold at an average price of $298.82, for a total value of $2,988,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kathleen T. Hogan sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, September 10th. The shares were sold at an average price of $298.68, for a total transaction of $5,973,600.00. The disclosure for this sale can be found here. Insiders have sold 165,573 shares of company stock valued at $50,066,379 in the last quarter. Company insiders own 0.05% of the company’s stock.
Microsoft Company Profile
Microsoft Corp. engages in the development and support of software, services, devices, and solutions. It operates through the following business segments: Productivity and Business Processes; Intelligent Cloud; and More Personal Computing. The Productivity and Business Processes segment comprises products and services in the portfolio of productivity, communication, and information services of the company spanning a variety of devices and platform.
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