Microsoft Co. (NASDAQ:MSFT) Shares Sold by Sheaff Brock Investment Advisors LLC

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Sheaff Brock Investment Advisors LLC lessened its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 22.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 43,301 shares of the software giant’s stock after selling 12,397 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in Microsoft were worth $5,801,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in MSFT. Hengehold Capital Management LLC boosted its stake in Microsoft by 0.9% in the 4th quarter. Hengehold Capital Management LLC now owns 27,045 shares of the software giant’s stock worth $2,747,000 after purchasing an additional 253 shares in the last quarter. Boenning & Scattergood Inc. lifted its stake in Microsoft by 2.9% during the 4th quarter. Boenning & Scattergood Inc. now owns 67,668 shares of the software giant’s stock valued at $6,873,000 after acquiring an additional 1,920 shares during the period. MACRO Consulting Group bought a new position in Microsoft during the 4th quarter valued at about $1,828,000. Shine Investment Advisory Services Inc. lifted its stake in Microsoft by 1.0% during the 4th quarter. Shine Investment Advisory Services Inc. now owns 10,004 shares of the software giant’s stock valued at $1,016,000 after acquiring an additional 99 shares during the period. Finally, Suffolk Capital Management LLC lifted its stake in Microsoft by 10.8% during the 4th quarter. Suffolk Capital Management LLC now owns 243,138 shares of the software giant’s stock valued at $24,696,000 after acquiring an additional 23,725 shares during the period. Institutional investors and hedge funds own 72.49% of the company’s stock.

Several equities analysts have issued reports on MSFT shares. Deutsche Bank set a $155.00 target price on shares of Microsoft and gave the company a “buy” rating in a research note on Wednesday, July 17th. Argus upped their target price on shares of Microsoft to $158.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Stifel Nicolaus upped their target price on shares of Microsoft from $150.00 to $155.00 and gave the company a “buy” rating in a research note on Friday, July 19th. Cowen started coverage on shares of Microsoft in a research note on Thursday, July 11th. They set an “outperform” rating and a $150.00 target price on the stock. Finally, BMO Capital Markets upped their target price 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 equities research analyst has rated the stock with a sell rating, two have given a hold rating, twenty-eight have issued a buy rating and two have assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $149.21.

In related news, EVP Kathleen T. Hogan sold 15,947 shares of the stock in a transaction that occurred on 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 completion of the sale, the executive vice president now directly owns 202,518 shares of the company’s stock, valued at approximately $26,969,322.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Frank H. Brod sold 4,000 shares of the stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $141.05, for a total transaction of $564,200.00. Following the completion of the sale, the insider now directly owns 64,152 shares of the company’s stock, valued at $9,048,639.60. The disclosure for this sale can be found here. Insiders have sold a total of 33,819 shares of company stock valued at $4,603,450 in the last ninety days. Insiders own 1.38% of the company’s stock.

NASDAQ MSFT opened at $135.56 on Thursday. Microsoft Co. has a 52 week low of $93.96 and a 52 week high of $141.68. The firm has a market capitalization of $1,034.22 billion, a P/E ratio of 28.54, a PEG ratio of 2.36 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 company has a 50-day moving average price of $137.28 and a 200-day moving average price of $126.40.

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 Thomson Reuters’ consensus estimate of $1.21 by $0.16. Microsoft had a net margin of 31.18% and a return on equity of 39.26%. The firm had revenue of $33.72 billion during the quarter, compared to analyst estimates of $32.80 billion. During the same quarter in the prior year, the firm earned $1.13 EPS. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Microsoft Co. will post 5.22 EPS for the current year.

The firm 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. This represents a $1.84 annualized dividend and a dividend yield of 1.36%. The ex-dividend date is Wednesday, August 14th. Microsoft’s payout ratio is currently 38.74%.

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.

Read More: Consumer behavior in bull markets

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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