CMH Wealth Management LLC Sells 2,150 Shares of Microsoft Co. (NASDAQ:MSFT)

Share on StockTwits

CMH Wealth Management LLC lessened its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 3.6% during the 2nd quarter, HoldingsChannel reports. The firm owned 57,511 shares of the software giant’s stock after selling 2,150 shares during the quarter. Microsoft comprises 5.6% of CMH Wealth Management LLC’s holdings, making the stock its 4th biggest position. CMH Wealth Management LLC’s holdings in Microsoft were worth $11,704,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Selective Wealth Management Inc. grew its stake in shares of Microsoft by 26.9% in the second quarter. Selective Wealth Management Inc. now owns 236 shares of the software giant’s stock worth $48,000 after acquiring an additional 50 shares during the last quarter. Avondale Wealth Management grew its stake in shares of Microsoft by 25.4% in the first quarter. Avondale Wealth Management now owns 464 shares of the software giant’s stock worth $73,000 after acquiring an additional 94 shares during the last quarter. Sofos Investments Inc. grew its stake in shares of Microsoft by 15.5% in the first quarter. Sofos Investments Inc. now owns 2,552 shares of the software giant’s stock worth $81,000 after acquiring an additional 343 shares during the last quarter. Cypress Capital Management LLC WY grew its stake in shares of Microsoft by 14.3% in the first quarter. Cypress Capital Management LLC WY now owns 761 shares of the software giant’s stock worth $120,000 after acquiring an additional 95 shares during the last quarter. Finally, Lake Point Wealth Management grew its stake in shares of Microsoft by 32.8% in the first quarter. Lake Point Wealth Management now owns 777 shares of the software giant’s stock worth $123,000 after acquiring an additional 192 shares during the last quarter. Institutional investors own 70.59% of the company’s stock.

MSFT has been the topic of several research analyst reports. Sanford C. Bernstein restated a “buy” rating and issued a $233.00 price objective on shares of Microsoft in a research note on Thursday, July 23rd. JPMorgan Chase & Co. raised their price objective on shares of Microsoft from $190.00 to $220.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. BMO Capital Markets raised their price objective on shares of Microsoft from $212.00 to $235.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 15th. They noted that the move was a valuation call. Tigress Financial reaffirmed a “buy” rating on shares of Microsoft in a research report on Friday. Finally, DZ Bank reaffirmed a “buy” rating on shares of Microsoft in a research report on Thursday, July 23rd. Four equities research analysts have rated the stock with a hold rating, thirty-three have issued a buy rating and one has issued a strong buy rating to the company. Microsoft has an average rating of “Buy” and a consensus target price of $213.23.

Shares of NASDAQ:MSFT opened at $205.01 on Friday. Microsoft Co. has a twelve month low of $130.78 and a twelve month high of $216.38. The firm has a market cap of $1,546.26 billion, a PE ratio of 35.65, a price-to-earnings-growth ratio of 2.33 and a beta of 0.93. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.49 and a current ratio of 2.52. The business has a fifty day moving average of $202.18 and a 200-day moving average of $178.77.

Microsoft (NASDAQ:MSFT) last announced its earnings results on Wednesday, July 22nd. The software giant reported $1.46 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.34 by $0.12. Microsoft had a return on equity of 39.45% and a net margin of 30.96%. The company had revenue of $38.03 billion during the quarter, compared to analyst estimates of $36.59 billion. On average, analysts anticipate that Microsoft Co. will post 6.39 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 20th will be paid a $0.51 dividend. The ex-dividend date is Wednesday, August 19th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.00%. Microsoft’s dividend payout ratio (DPR) is presently 35.42%.

About Microsoft

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 Story: What is an Initial Coin Offering (ICO)?

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).

Institutional Ownership by Quarter for Microsoft (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.



Latest News

Sumitomo Mitsui Trust Holdings Inc. Buys 122,246 Shares of iShares JP Morgan USD Emerging Markets Bond ETF
Sumitomo Mitsui Trust Holdings Inc. Buys 122,246 Shares of iShares JP Morgan USD Emerging Markets Bond ETF
UGI Corp  Holdings Decreased by Dupont Capital Management Corp
UGI Corp Holdings Decreased by Dupont Capital Management Corp
Dupont Capital Management Corp Boosts Stake in New Oriental Education & Tech Grp
Dupont Capital Management Corp Boosts Stake in New Oriental Education & Tech Grp
Dupont Capital Management Corp Sells 1,491 Shares of Cyberark Software Ltd
Dupont Capital Management Corp Sells 1,491 Shares of Cyberark Software Ltd
Strs Ohio Purchases 44,762 Shares of Pilgrim’s Pride Co.
Strs Ohio Purchases 44,762 Shares of Pilgrim’s Pride Co.
Strs Ohio Acquires 2,297 Shares of W. R. Berkley Corp
Strs Ohio Acquires 2,297 Shares of W. R. Berkley Corp


© 2006-2020 Ticker Report