Microsoft Co. (NASDAQ:MSFT) is Merriman Wealth Management LLC’s Largest Position

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Merriman Wealth Management LLC reduced its stake in Microsoft Co. (NASDAQ:MSFT) by 0.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 500,536 shares of the software giant’s stock after selling 4,374 shares during the quarter. Microsoft makes up approximately 13.1% of Merriman Wealth Management LLC’s investment portfolio, making the stock its largest position. Merriman Wealth Management LLC’s holdings in Microsoft were worth $67,913,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of MSFT. Janus Henderson Group PLC lifted its stake in shares of Microsoft by 0.7% in the 2nd quarter. Janus Henderson Group PLC now owns 52,986,086 shares of the software giant’s stock valued at $7,097,675,000 after purchasing an additional 342,648 shares during the last quarter. Clearbridge Investments LLC lifted its stake in shares of Microsoft by 0.8% in the 1st quarter. Clearbridge Investments LLC now owns 24,262,155 shares of the software giant’s stock valued at $2,861,479,000 after purchasing an additional 201,876 shares during the last quarter. Fisher Asset Management LLC lifted its stake in shares of Microsoft by 3.9% in the 2nd quarter. Fisher Asset Management LLC now owns 20,822,243 shares of the software giant’s stock valued at $2,789,348,000 after purchasing an additional 778,351 shares during the last quarter. Lunia Capital LP lifted its stake in shares of Microsoft by 9,650.2% in the 4th quarter. Lunia Capital LP now owns 17,036,540 shares of the software giant’s stock valued at $17,037,000 after purchasing an additional 16,861,809 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Microsoft by 1.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 13,537,606 shares of the software giant’s stock valued at $1,375,016,000 after purchasing an additional 150,105 shares during the last quarter. Institutional investors own 72.49% of the company’s stock.

In other Microsoft news, CMO Christopher C. Capossela sold 3,372 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $138.06, for a total transaction of $465,538.32. Following the sale, the chief marketing officer now owns 136,623 shares in the company, valued at approximately $18,862,171.38. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CMO Christopher C. Capossela sold 3,500 shares of the company’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $138.00, for a total value of $483,000.00. Following the sale, the chief marketing officer now owns 129,817 shares in the company, valued at approximately $17,914,746. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 33,819 shares of company stock worth $4,603,450. 1.38% of the stock is owned by company insiders.

Several equities analysts have recently commented on the company. Jefferies Financial Group set a $93.00 price target on Microsoft and gave the company a “sell” rating in a research note on Friday, July 19th. KeyCorp upped their price target on Microsoft from $143.00 to $155.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Credit Suisse Group set a $155.00 price target on Microsoft and gave the company a “buy” rating in a research note on Monday. Argus increased their target price on Microsoft to $158.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Finally, Stifel Nicolaus increased their target price on Microsoft from $150.00 to $155.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $149.21.

Shares of NASDAQ MSFT opened at $135.56 on Thursday. The stock’s 50-day moving average is $137.28 and its two-hundred day moving average is $126.40. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.53 and a quick ratio of 2.50. Microsoft Co. has a 1-year low of $93.96 and a 1-year high of $141.68. The company has a market cap of $1,034.22 billion, a price-to-earnings ratio of 28.54, a price-to-earnings-growth ratio of 2.36 and a beta of 1.23.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Thursday, July 18th. The software giant reported $1.37 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.21 by $0.16. Microsoft had a return on equity of 39.26% and a net margin of 31.18%. The company had revenue of $33.72 billion for the quarter, compared to the consensus estimate of $32.80 billion. During the same quarter in the prior year, the business earned $1.13 EPS. Microsoft’s revenue was up 12.1% on a year-over-year basis. Equities research analysts anticipate that Microsoft Co. will post 5.22 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 15th will be issued a dividend of $0.46 per share. The ex-dividend date is Wednesday, August 14th. This represents a $1.84 annualized dividend and a yield of 1.36%. Microsoft’s dividend payout ratio (DPR) is 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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