Wolff Financial Management LLC Sells 153 Shares of Microsoft Co. (NASDAQ:MSFT)

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Wolff Financial Management LLC lessened its position in Microsoft Co. (NASDAQ:MSFT) by 2.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,405 shares of the software giant’s stock after selling 153 shares during the quarter. Wolff Financial Management LLC’s holdings in Microsoft were worth $724,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in MSFT. Quantamental Technologies LLC acquired a new stake in Microsoft in the 4th quarter worth $26,000. Centaurus Financial Inc. grew its position in Microsoft by 21.1% in the 1st quarter. Centaurus Financial Inc. now owns 3,222 shares of the software giant’s stock worth $27,000 after purchasing an additional 561 shares during the last quarter. Ayalon Holdings Ltd. acquired a new stake in Microsoft in the 4th quarter worth $41,000. Avondale Wealth Management grew its position in Microsoft by 50.5% in the 4th quarter. Avondale Wealth Management now owns 557 shares of the software giant’s stock worth $57,000 after purchasing an additional 187 shares during the last quarter. Finally, Mackey Komara & Dankovich LLC grew its position in Microsoft by 335.8% in the 2nd quarter. Mackey Komara & Dankovich LLC now owns 3,595 shares of the software giant’s stock worth $113,000 after purchasing an additional 2,770 shares during the last quarter. Hedge funds and other institutional investors own 72.38% of the company’s stock.

Several analysts have issued reports on MSFT shares. Credit Suisse Group restated a “buy” rating and issued a $155.00 price target on shares of Microsoft in a research report on Monday, August 5th. Nomura raised their price target on shares of Microsoft from $124.00 to $131.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. Raymond James lifted their target price on shares of Microsoft from $160.00 to $163.00 and gave the company a “strong-buy” rating in a research report on Friday, July 19th. Oppenheimer lifted their target price on shares of Microsoft from $145.00 to $160.00 and gave the company an “outperform” rating in a research report on Friday, July 19th. Finally, Cowen began coverage on shares of Microsoft in a research report on Thursday, July 11th. They set an “outperform” rating and a $150.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-eight have issued a buy rating and two have issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $149.21.

In other Microsoft news, insider Frank H. Brod sold 4,000 shares of the business’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $141.05, for a total value of $564,200.00. Following the transaction, the insider now directly owns 64,152 shares in the company, valued at $9,048,639.60. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CMO Christopher C. Capossela sold 3,500 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $138.00, for a total transaction of $483,000.00. Following the completion of the transaction, the chief marketing officer now owns 129,817 shares in the company, valued at $17,914,746. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 26,819 shares of company stock worth $3,636,400. Company insiders own 1.38% of the company’s stock.

NASDAQ:MSFT opened at $138.60 on Wednesday. The firm has a market capitalization of $1,051.47 billion, a price-to-earnings ratio of 29.18, a PEG ratio of 2.39 and a beta of 1.23. Microsoft Co. has a 12 month low of $93.96 and a 12 month high of $141.68. The company has a debt-to-equity ratio of 0.71, a quick ratio of 2.50 and a current ratio of 2.53. The company has a 50-day moving average price of $137.27.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Thursday, July 18th. The software giant reported $1.37 EPS for the quarter, beating the Zacks’ consensus estimate of $1.21 by $0.16. The firm had revenue of $33.72 billion for the quarter, compared to analyst estimates of $32.80 billion. Microsoft had a net margin of 31.18% and a return on equity of 39.26%. The company’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.13 earnings per share. Analysts expect that Microsoft Co. will post 5.22 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 15th will be given a $0.46 dividend. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $1.84 dividend on an annualized basis and a yield of 1.33%. Microsoft’s dividend payout ratio (DPR) is presently 38.74%.

Microsoft 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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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