Ropes Wealth Advisors LLC raised its position in shares of Microsoft Co. (NASDAQ:MSFT) by 4.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 153,924 shares of the software giant’s stock after buying an additional 6,143 shares during the period. Microsoft comprises 4.4% of Ropes Wealth Advisors LLC’s portfolio, making the stock its 2nd biggest position. Ropes Wealth Advisors LLC’s holdings in Microsoft were worth $20,620,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quantamental Technologies LLC bought a new stake in shares of Microsoft during the fourth quarter valued at approximately $26,000. Centaurus Financial Inc. grew its stake in shares of Microsoft by 21.1% during the first quarter. Centaurus Financial Inc. now owns 3,222 shares of the software giant’s stock valued at $27,000 after purchasing an additional 561 shares during the last quarter. Avondale Wealth Management grew its stake in shares of Microsoft by 50.5% during the fourth quarter. Avondale Wealth Management now owns 557 shares of the software giant’s stock valued at $57,000 after purchasing an additional 187 shares during the last quarter. Mackey Komara & Dankovich LLC grew its stake in shares of Microsoft by 335.8% during the second quarter. Mackey Komara & Dankovich LLC now owns 3,595 shares of the software giant’s stock valued at $113,000 after purchasing an additional 2,770 shares during the last quarter. Finally, Asset Planning Services Ltd. bought a new stake in shares of Microsoft during the second quarter valued at approximately $116,000. 72.49% of the stock is owned by institutional investors.
In related news, CMO Christopher C. Capossela sold 7,000 shares of the firm’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $138.15, for a total transaction of $967,050.00. Following the sale, the chief marketing officer now directly owns 122,817 shares in the company, valued at $16,967,168.55. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Kathleen T. Hogan sold 15,947 shares of the firm’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $133.17, for a total transaction of $2,123,661.99. Following the sale, the executive vice president now owns 202,518 shares in the company, valued at $26,969,322.06. The disclosure for this sale can be found here. Over the last three months, insiders have sold 33,819 shares of company stock worth $4,603,450. Insiders own 1.38% of the company’s stock.
Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Thursday, July 18th. The software giant reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.16. The company had revenue of $33.72 billion for the quarter, compared to analysts’ expectations of $32.80 billion. Microsoft had a net margin of 31.18% and a return on equity of 39.26%. The business’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same period last year, the firm posted $1.13 earnings per share. On average, research analysts anticipate that Microsoft Co. will post 5.22 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 15th will be given a dividend of $0.46 per share. The ex-dividend date is Wednesday, August 14th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.37%. Microsoft’s dividend payout ratio is 38.74%.
Several analysts have recently commented on the stock. Deutsche Bank set a $155.00 price target on shares of Microsoft and gave the company a “buy” rating in a research note on Wednesday, July 17th. Wedbush reaffirmed an “outperform” rating and issued a $155.00 price objective on shares of Microsoft in a research note on Thursday, June 13th. Mizuho set a $152.00 price objective on shares of Microsoft and gave the company a “buy” rating in a research note on Friday, July 19th. Credit Suisse Group set a $155.00 price objective on shares of Microsoft and gave the company a “buy” rating in a research note on Monday. Finally, BMO Capital Markets raised their price objective on shares of Microsoft from $147.00 to $153.00 and gave the company an “outperform” rating in a research note on Tuesday, July 16th. 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 given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $149.21.
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.
Featured Article: Average Daily Trade Volume – What You Need to Know
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).
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.