Microsoft Co. (NASDAQ:MSFT) Shares Sold by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC cut its stake in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 13.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 178,169 shares of the software giant’s stock after selling 26,727 shares during the quarter. Microsoft makes up approximately 0.7% of Wedge Capital Management L L P NC’s portfolio, making the stock its 12th biggest position. Wedge Capital Management L L P NC’s holdings in Microsoft were worth $45,759,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Marble Harbor Investment Counsel LLC lifted its stake in Microsoft by 1.5% during the fourth quarter. Marble Harbor Investment Counsel LLC now owns 171,038 shares of the software giant’s stock worth $57,523,000 after purchasing an additional 2,604 shares during the last quarter. Wharton Business Group LLC purchased a new stake in Microsoft during the fourth quarter worth approximately $5,637,000. Brendel Financial Advisors LLC purchased a new stake in Microsoft during the fourth quarter worth approximately $4,332,000. TD Asset Management Inc. lifted its stake in Microsoft by 28.5% during the fourth quarter. TD Asset Management Inc. now owns 14,476,729 shares of the software giant’s stock worth $4,868,814,000 after purchasing an additional 3,207,415 shares during the last quarter. Finally, Sierra Capital LLC lifted its stake in Microsoft by 17.2% during the fourth quarter. Sierra Capital LLC now owns 13,302 shares of the software giant’s stock worth $4,474,000 after purchasing an additional 1,956 shares during the last quarter. 69.29% of the stock is owned by institutional investors and hedge funds.

Microsoft Stock Up 0.8 %

Microsoft stock opened at $240.98 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.75 and a current ratio of 1.78. The firm has a market capitalization of $1.80 trillion, a price-to-earnings ratio of 25.00, a price-to-earnings-growth ratio of 2.04 and a beta of 0.94. Microsoft Co. has a fifty-two week low of $237.57 and a fifty-two week high of $349.67. The stock’s fifty day moving average is $267.65 and its two-hundred day moving average is $272.65.

Microsoft (NASDAQ:MSFTGet Rating) last posted its earnings results on Tuesday, July 26th. The software giant reported $2.23 earnings per share for the quarter, missing the consensus estimate of $2.28 by ($0.05). The firm had revenue of $51.87 billion during the quarter, compared to analyst estimates of $52.31 billion. Microsoft had a net margin of 36.69% and a return on equity of 43.31%. During the same period last year, the company posted $2.17 EPS. Analysts predict that Microsoft Co. will post 10.15 EPS for the current fiscal year.

Microsoft Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 8th. Shareholders of record on Thursday, November 17th will be issued a $0.68 dividend. This is a positive change from Microsoft’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Wednesday, November 16th. This represents a $2.72 annualized dividend and a yield of 1.13%. Microsoft’s dividend payout ratio is 25.73%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on MSFT shares. KeyCorp reduced their price objective on Microsoft from $373.00 to $330.00 and set an “overweight” rating for the company in a research note on Thursday, July 7th. Credit Suisse Group set a $400.00 price objective on Microsoft in a research note on Tuesday, July 26th. Moffett Nathanson started coverage on Microsoft in a research note on Thursday. They issued a “hold” rating and a $285.00 price objective for the company. BMO Capital Markets boosted their price objective on Microsoft from $305.00 to $320.00 and gave the company an “outperform” rating in a research note on Wednesday, July 27th. Finally, Fundamental Research reiterated a “hold” rating and issued a $280.50 price objective on shares of Microsoft in a research note on Wednesday, August 3rd. Three analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Microsoft currently has a consensus rating of “Moderate Buy” and a consensus target price of $332.77.

Insider Buying and Selling at Microsoft

In related news, CMO Christopher C. Capossela sold 5,000 shares of the stock in a transaction on Monday, September 12th. The stock was sold at an average price of $266.25, for a total transaction of $1,331,250.00. Following the sale, the chief marketing officer now owns 109,837 shares of the company’s stock, valued at $29,244,101.25. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.05% of the stock is owned by corporate insiders.

Microsoft Company Profile

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Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates in three segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, Microsoft Viva, and Skype for Business; Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and enterprise divisions.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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