Meristem Family Wealth LLC Sells 246 Shares of Microsoft Co. (NASDAQ:MSFT)

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Meristem Family Wealth LLC lessened its stake in Microsoft Co. (NASDAQ:MSFT) by 1.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 23,329 shares of the software giant’s stock after selling 246 shares during the period. Microsoft comprises 0.9% of Meristem Family Wealth LLC’s portfolio, making the stock its 18th biggest holding. Meristem Family Wealth LLC’s holdings in Microsoft were worth $3,679,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Arvest Bank Trust Division increased its holdings in shares of Microsoft by 0.7% in the fourth quarter. Arvest Bank Trust Division now owns 8,556 shares of the software giant’s stock valued at $1,349,000 after purchasing an additional 62 shares in the last quarter. Winthrop Advisory Group LLC increased its holdings in shares of Microsoft by 0.5% in the fourth quarter. Winthrop Advisory Group LLC now owns 14,340 shares of the software giant’s stock valued at $2,261,000 after purchasing an additional 67 shares in the last quarter. Colorado Capital Management Inc. increased its holdings in shares of Microsoft by 2.2% in the fourth quarter. Colorado Capital Management Inc. now owns 3,163 shares of the software giant’s stock valued at $499,000 after purchasing an additional 67 shares in the last quarter. Ocean Capital Management LLC increased its holdings in shares of Microsoft by 0.8% in the fourth quarter. Ocean Capital Management LLC now owns 9,074 shares of the software giant’s stock valued at $1,779,000 after purchasing an additional 68 shares in the last quarter. Finally, Moon Capital Management LLC increased its holdings in shares of Microsoft by 3.5% in the fourth quarter. Moon Capital Management LLC now owns 2,155 shares of the software giant’s stock valued at $340,000 after purchasing an additional 72 shares in the last quarter. Institutional investors and hedge funds own 71.91% of the company’s stock.

MSFT has been the subject of a number of research reports. BMO Capital Markets raised their price target on shares of Microsoft from $165.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. They noted that the move was a valuation call. Piper Sandler raised their price target on shares of Microsoft from $190.00 to $199.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Raymond James reissued a “strong-buy” rating and issued a $200.00 price target (up previously from $192.00) on shares of Microsoft in a report on Thursday, January 30th. Evercore ISI reissued a “buy” rating and issued a $170.00 price target on shares of Microsoft in a report on Monday, December 16th. Finally, Oppenheimer raised their price target on shares of Microsoft from $160.00 to $195.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Two equities research analysts have rated the stock with a hold rating, thirty-two have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $187.06.

In related news, EVP Margaret L. Johnson sold 35,000 shares of the business’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $150.01, for a total value of $5,250,350.00. Following the sale, the executive vice president now directly owns 62,423 shares of the company’s stock, valued at approximately $9,364,074.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Jean Philippe Courtois sold 18,000 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $179.55, for a total transaction 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 disclosure for this sale can be found here. Company insiders own 1.39% of the company’s stock.

Shares of NASDAQ MSFT opened at $185.35 on Friday. The company’s fifty day moving average is $167.51 and its 200-day moving average is $148.77. The stock has a market cap of $1,409.78 billion, a price-to-earnings ratio of 32.29, a P/E/G ratio of 2.53 and a beta of 1.15. Microsoft Co. has a twelve month low of $106.29 and a twelve month high of $190.70. The company has a quick ratio of 2.77, a current ratio of 2.80 and a debt-to-equity ratio of 0.64.

Microsoft (NASDAQ:MSFT) last announced its quarterly 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 company had revenue of $36.91 billion for the quarter, compared to analysts’ expectations of $35.68 billion. Microsoft had a net margin of 33.02% and a return on equity of 40.41%. The business’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same period last year, the firm posted $1.10 earnings per share. On average, research analysts anticipate that Microsoft Co. will post 5.64 EPS for the current fiscal year.

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

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.

See Also: Closed-End Mutual Funds

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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