Ramsay Stattman Vela & Price Inc. lowered its position in Microsoft Co. (NASDAQ:MSFT) by 3.3% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 89,048 shares of the software giant’s stock after selling 3,001 shares during the quarter. Microsoft accounts for 4.3% of Ramsay Stattman Vela & Price Inc.’s holdings, making the stock its largest position. Ramsay Stattman Vela & Price Inc.’s holdings in Microsoft were worth $11,929,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Quantamental Technologies LLC bought a new stake in Microsoft in the fourth quarter valued at approximately $26,000. LFA Lugano Financial Advisors SA boosted its holdings in shares of Microsoft by 274.5% during the 2nd quarter. LFA Lugano Financial Advisors SA now owns 191 shares of the software giant’s stock worth $26,000 after buying an additional 140 shares in the last quarter. Centaurus Financial Inc. boosted its holdings in shares of Microsoft by 21.1% during the 1st quarter. Centaurus Financial Inc. now owns 3,222 shares of the software giant’s stock worth $27,000 after buying an additional 561 shares in the last quarter. Price Wealth Management Inc. boosted its holdings in shares of Microsoft by 27.7% during the 2nd quarter. Price Wealth Management Inc. now owns 746 shares of the software giant’s stock worth $100,000 after buying an additional 162 shares in the last quarter. Finally, Mackey Komara & Dankovich LLC boosted its holdings in shares of Microsoft by 335.8% during the 2nd quarter. Mackey Komara & Dankovich LLC now owns 3,595 shares of the software giant’s stock worth $113,000 after buying an additional 2,770 shares in the last quarter. 72.16% of the stock is owned by institutional investors.
Shares of Microsoft stock traded down $0.87 during trading hours on Monday, hitting $136.45. 390,668 shares of the company’s stock traded hands, compared to its average volume of 21,901,156. Microsoft Co. has a 12-month low of $93.96 and a 12-month high of $141.68. The stock has a market capitalization of $1,050.02 billion, a price-to-earnings ratio of 28.70, a PEG ratio of 2.39 and a beta of 1.22. The company has a fifty day simple moving average of $137.19 and a 200-day simple moving average of $128.64. 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 (NASDAQ:MSFT) last announced its earnings results on Thursday, July 18th. The software giant reported $1.37 earnings per share (EPS) for the quarter, beating the 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 firm had revenue of $33.72 billion during the quarter, compared to analyst estimates of $32.80 billion. During the same period last year, the firm posted $1.13 EPS. The business’s revenue was up 12.1% compared to the same quarter last year. On average, analysts forecast that Microsoft Co. will post 5.22 EPS for the current fiscal year.
MSFT has been the topic of a number of research analyst reports. Credit Suisse Group set a $155.00 price target on Microsoft and gave the stock a “buy” rating in a report on Wednesday, September 4th. CIBC increased their price target on Microsoft from $145.00 to $160.00 and gave the stock an “outperform” rating in a report on Friday, July 19th. DZ Bank restated a “buy” rating on shares of Microsoft in a report on Friday, July 19th. Mizuho set a $152.00 price target on Microsoft and gave the stock a “buy” rating in a report on Friday, September 6th. Finally, Oppenheimer increased their price target on Microsoft from $145.00 to $160.00 and gave the stock an “outperform” rating in a report on Friday, July 19th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the company. Microsoft has a consensus rating of “Buy” and an average target price of $149.21.
In other news, CMO Christopher C. Capossela sold 9,000 shares of the stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $135.58, for a total transaction of $1,220,220.00. Following the completion of the transaction, the chief marketing officer now owns 119,579 shares in the company, valued at approximately $16,212,520.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CMO Christopher C. Capossela sold 3,372 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $138.06, for a total value of $465,538.32. Following the transaction, the chief marketing officer now owns 136,623 shares of the company’s stock, valued at approximately $18,862,171.38. The disclosure for this sale can be found here. Insiders have sold a total of 318,757 shares of company stock valued at $43,735,918 in the last quarter. 1.38% of the stock is owned by corporate insiders.
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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