Klingman & Associates LLC lowered its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 78.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,500 shares of the software giant’s stock after selling 12,494 shares during the quarter. Klingman & Associates LLC’s holdings in Microsoft were worth $469,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Quantamental Technologies LLC bought a new stake in Microsoft during the 4th quarter valued at $26,000. Ayalon Holdings Ltd. bought a new stake in Microsoft during the 4th quarter valued at $41,000. Avondale Wealth Management raised its position in Microsoft by 50.5% during the 4th quarter. Avondale Wealth Management now owns 557 shares of the software giant’s stock valued at $57,000 after purchasing an additional 187 shares in the last quarter. Asset Planning Services Ltd. bought a new stake in Microsoft during the 2nd quarter valued at $116,000. Finally, Semmax Financial Advisors Inc. bought a new stake in Microsoft during the 4th quarter valued at $117,000. Institutional investors own 72.38% of the company’s stock.
Shares of NASDAQ:MSFT opened at $138.60 on Wednesday. The company’s 50-day simple moving average is $137.27. Microsoft Co. has a 1 year low of $93.96 and a 1 year high of $141.68. The firm has a market cap of $1,051.47 billion, a price-to-earnings ratio of 29.18, a P/E/G ratio of 2.39 and a beta of 1.23. The company has a quick ratio of 2.50, a current ratio of 2.53 and a debt-to-equity ratio of 0.71.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Thursday, August 15th will be given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 1.33%. The ex-dividend date is Wednesday, August 14th. Microsoft’s dividend payout ratio is currently 38.74%.
A number of equities research analysts have weighed in on MSFT shares. Oppenheimer lifted their target price on Microsoft from $145.00 to $160.00 and gave the company an “outperform” rating in a research report on Friday, July 19th. Credit Suisse Group reaffirmed a “buy” rating and set a $155.00 target price on shares of Microsoft in a research report on Monday, August 5th. UBS Group set a $162.00 target price on Microsoft and gave the company a “buy” rating in a research report on Friday, July 19th. BMO Capital Markets lifted their target price on Microsoft from $147.00 to $153.00 and gave the company an “outperform” rating in a research report on Tuesday, July 16th. Finally, Raymond James lifted their target price on Microsoft from $160.00 to $163.00 and gave the company a “strong-buy” rating in a research report on Friday, July 19th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Microsoft presently has a consensus rating of “Buy” and an average target price of $149.21.
In related news, insider Frank H. Brod sold 4,000 shares of the company’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $141.05, for a total transaction of $564,200.00. Following the transaction, the insider now directly owns 64,152 shares of the company’s stock, valued at approximately $9,048,639.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Kathleen T. Hogan sold 15,947 shares of the business’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $133.17, for a total value of $2,123,661.99. Following the sale, the executive vice president now owns 202,518 shares in the company, valued at approximately $26,969,322.06. The disclosure for this sale can be found here. Insiders have sold a total of 26,819 shares of company stock worth $3,636,400 over the last ninety days. 1.38% of the stock is currently owned by corporate insiders.
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.
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