Sheets Smith Wealth Management Sells 875 Shares of Microsoft Co. (MSFT)

Sheets Smith Wealth Management lessened its position in Microsoft Co. (NASDAQ:MSFT) by 1.7% during the second quarter, Holdings Channel reports. The institutional investor owned 51,276 shares of the software giant’s stock after selling 875 shares during the quarter. Microsoft comprises approximately 1.2% of Sheets Smith Wealth Management’s portfolio, making the stock its 18th largest holding. Sheets Smith Wealth Management’s holdings in Microsoft were worth $5,056,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in MSFT. Live Your Vision LLC grew its stake in Microsoft by 58.7% in the second quarter. Live Your Vision LLC now owns 1,376 shares of the software giant’s stock valued at $140,000 after purchasing an additional 509 shares in the last quarter. CX Institutional bought a new position in Microsoft in the second quarter valued at approximately $145,000. Spectrum Financial Alliance Ltd LLC bought a new position in Microsoft in the first quarter valued at approximately $147,000. Ballew Advisors Inc bought a new position in Microsoft in the first quarter valued at approximately $164,000. Finally, Lara May & Associates LLC bought a new position in Microsoft in the first quarter valued at approximately $199,000. 71.85% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts have recently commented on the company. Wells Fargo & Co reiterated a “buy” rating and set a $130.00 target price on shares of Microsoft in a research note on Thursday, September 27th. Stifel Nicolaus lifted their target price on Microsoft from $107.00 to $118.00 and gave the stock a “buy” rating in a research note on Friday, July 20th. Sanford C. Bernstein set a $135.00 target price on Microsoft and gave the stock a “buy” rating in a research note on Friday, July 20th. Bank of America lifted their target price on Microsoft from $123.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, July 17th. Finally, Credit Suisse Group reiterated a “buy” rating and set a $125.00 target price on shares of Microsoft in a research note on Monday, October 29th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty-three have assigned a buy rating and two have assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $121.88.

NASDAQ:MSFT opened at $106.16 on Monday. The company has a market cap of $817.41 billion, a P/E ratio of 27.36, a PEG ratio of 1.94 and a beta of 1.26. The company has a quick ratio of 2.85, a current ratio of 2.92 and a debt-to-equity ratio of 0.88. Microsoft Co. has a 1-year low of $80.70 and a 1-year high of $116.18.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Wednesday, October 24th. The software giant reported $1.14 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.18. The business had revenue of $29.08 billion during the quarter, compared to analysts’ expectations of $27.92 billion. Microsoft had a return on equity of 39.86% and a net margin of 16.38%. The firm’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same period last year, the firm posted $0.84 EPS. As a group, equities research analysts forecast that Microsoft Co. will post 4.39 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 13th. Shareholders of record on Thursday, November 15th will be issued a $0.46 dividend. The ex-dividend date is Wednesday, November 14th. This is a boost from Microsoft’s previous quarterly dividend of $0.42. This represents a $1.84 annualized dividend and a yield of 1.73%. Microsoft’s payout ratio is currently 43.30%.

In other Microsoft news, CEO Satya Nadella sold 328,000 shares of Microsoft stock in a transaction on Friday, August 10th. The stock was sold at an average price of $109.44, for a total value of $35,896,320.00. Following the completion of the transaction, the chief executive officer now directly owns 778,596 shares of the company’s stock, valued at approximately $85,209,546.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Amy Hood sold 118,000 shares of Microsoft stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $110.90, for a total value of $13,086,200.00. Following the completion of the transaction, the chief financial officer now directly owns 669,327 shares of the company’s stock, valued at $74,228,364.30. The disclosure for this sale can be found here. Insiders sold a total of 826,460 shares of company stock valued at $90,058,992 over the last ninety days. Insiders own 1.38% of the company’s stock.

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 for businesses, 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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