Eads & Heald Wealth Management Reduces Position in Microsoft Co. (NASDAQ:MSFT)

Share on StockTwits

Eads & Heald Wealth Management trimmed its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 4.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 16,934 shares of the software giant’s stock after selling 839 shares during the quarter. Microsoft accounts for about 1.4% of Eads & Heald Wealth Management’s investment portfolio, making the stock its 12th biggest position. Eads & Heald Wealth Management’s holdings in Microsoft were worth $2,670,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Wealthsource Partners LLC grew its holdings in shares of Microsoft by 5.0% during the third quarter. Wealthsource Partners LLC now owns 51,337 shares of the software giant’s stock valued at $7,137,000 after purchasing an additional 2,444 shares during the last quarter. Hotaling Investment Management LLC grew its holdings in shares of Microsoft by 5.4% during the fourth quarter. Hotaling Investment Management LLC now owns 61,000 shares of the software giant’s stock valued at $9,620,000 after purchasing an additional 3,147 shares during the last quarter. Miracle Mile Advisors LLC grew its holdings in shares of Microsoft by 4.7% during the third quarter. Miracle Mile Advisors LLC now owns 86,948 shares of the software giant’s stock valued at $12,088,000 after purchasing an additional 3,915 shares during the last quarter. Global Retirement Partners LLC grew its holdings in shares of Microsoft by 34.6% during the third quarter. Global Retirement Partners LLC now owns 65,133 shares of the software giant’s stock valued at $9,055,000 after purchasing an additional 16,741 shares during the last quarter. Finally, AMI Asset Management Corp grew its holdings in shares of Microsoft by 15.7% during the third quarter. AMI Asset Management Corp now owns 503,586 shares of the software giant’s stock valued at $70,014,000 after purchasing an additional 68,174 shares during the last quarter. 71.91% of the stock is currently owned by institutional investors and hedge funds.

MSFT has been the subject of several recent research reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 target price (up from $180.00) on shares of Microsoft in a report on Thursday, January 30th. Wedbush boosted their price objective on Microsoft from $195.00 to $210.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Morgan Stanley boosted their price objective on Microsoft from $189.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Barclays reiterated a “buy” rating and set a $190.00 price objective on shares of Microsoft in a research report on Thursday, January 30th. Finally, Oppenheimer boosted their price objective on Microsoft from $160.00 to $195.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Two analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and two have issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $187.06.

MSFT opened at $185.35 on Friday. The company has a market capitalization of $1,409.78 billion, a price-to-earnings ratio of 32.29, a price-to-earnings-growth ratio of 2.53 and a beta of 1.15. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.80 and a quick ratio of 2.77. Microsoft Co. has a 1-year low of $106.29 and a 1-year high of $190.70. The business has a 50 day moving average price of $167.51 and a two-hundred day moving average price of $148.77.

Microsoft (NASDAQ:MSFT) last released its earnings results on Wednesday, January 29th. The software giant reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.19. The firm had revenue of $36.91 billion during the quarter, compared to the consensus estimate of $35.68 billion. Microsoft had a return on equity of 40.41% and a net margin of 33.02%. The firm’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.10 earnings per share. Equities analysts expect that Microsoft Co. will post 5.64 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Shareholders of record on Thursday, February 20th will be given a $0.51 dividend. The ex-dividend date is Wednesday, February 19th. This represents a $2.04 dividend on an annualized basis and a yield of 1.10%. Microsoft’s dividend payout ratio (DPR) is 42.95%.

In other Microsoft news, EVP Jean Philippe Courtois sold 18,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $179.55, for a total value of $3,231,900.00. Following the completion of the sale, the executive vice president now directly owns 582,510 shares in the company, valued at $104,589,670.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Margaret L. Johnson sold 35,000 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $150.01, for a total value of $5,250,350.00. Following the completion of the sale, the executive vice president now owns 62,423 shares of the company’s stock, valued at $9,364,074.23. The disclosure for this sale can be found here. Corporate insiders own 1.39% of the company’s stock.

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.

Recommended Story: Gross Domestic Product (GDP)

Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Co. (NASDAQ:MSFT).

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

Receive News & Ratings for Microsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Microsoft Co.  Shares Sold by North Star Asset Management Inc.
Microsoft Co. Shares Sold by North Star Asset Management Inc.
Point View Wealth Management Inc. Lowers Stock Position in Microsoft Co.
Point View Wealth Management Inc. Lowers Stock Position in Microsoft Co.
Secure Asset Management LLC Acquires New Holdings in Microsoft Co.
Secure Asset Management LLC Acquires New Holdings in Microsoft Co.
Microsoft Co.  Stake Increased by Wedgewood Investors Inc. PA
Microsoft Co. Stake Increased by Wedgewood Investors Inc. PA
Palladium Partners LLC Has $59.59 Million Stock Holdings in Microsoft Co.
Palladium Partners LLC Has $59.59 Million Stock Holdings in Microsoft Co.
State of Tennessee Treasury Department Sells 82,917 Shares of Microsoft Co.
State of Tennessee Treasury Department Sells 82,917 Shares of Microsoft Co.


 
© 2006-2020 Zolmax.