KLCM Advisors Inc. lowered its stake in Microsoft Co. (NASDAQ:MSFT) by 4.1% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,955 shares of the software giant’s stock after selling 337 shares during the period. KLCM Advisors Inc.’s holdings in Microsoft were worth $1,673,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently bought and sold shares of the stock. PrairieView Partners LLC boosted its stake in Microsoft by 20.4% during the 3rd quarter. PrairieView Partners LLC now owns 2,968 shares of the software giant’s stock valued at $624,000 after purchasing an additional 503 shares during the last quarter. Citizens National Bank Trust Department lifted its holdings in shares of Microsoft by 2.7% during the 2nd quarter. Citizens National Bank Trust Department now owns 32,332 shares of the software giant’s stock valued at $6,580,000 after buying an additional 853 shares during the period. Dowling & Yahnke LLC lifted its holdings in shares of Microsoft by 2.8% during the 3rd quarter. Dowling & Yahnke LLC now owns 148,967 shares of the software giant’s stock valued at $31,332,000 after buying an additional 4,020 shares during the period. BCS Wealth Management lifted its holdings in shares of Microsoft by 24.4% during the 3rd quarter. BCS Wealth Management now owns 5,587 shares of the software giant’s stock valued at $1,175,000 after buying an additional 1,096 shares during the period. Finally, Affinity Wealth Management LLC lifted its holdings in shares of Microsoft by 3.3% during the 2nd quarter. Affinity Wealth Management LLC now owns 29,315 shares of the software giant’s stock valued at $6,010,000 after buying an additional 938 shares during the period. Institutional investors own 69.93% of the company’s stock.
Shares of Microsoft stock opened at $210.39 on Friday. The firm has a 50-day simple moving average of $213.80 and a two-hundred day simple moving average of $204.25. The company has a market cap of $1,590.65 billion, a P/E ratio of 33.99, a price-to-earnings-growth ratio of 2.58 and a beta of 0.87. Microsoft Co. has a fifty-two week low of $132.52 and a fifty-two week high of $232.86. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.49 and a current ratio of 2.53.
Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Tuesday, October 27th. The software giant reported $1.82 earnings per share for the quarter, topping analysts’ consensus estimates of $1.53 by $0.29. Microsoft had a net margin of 32.28% and a return on equity of 40.74%. Equities research analysts forecast that Microsoft Co. will post 6.74 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Thursday, November 19th will be issued a $0.56 dividend. This is an increase from Microsoft’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend is Wednesday, November 18th. This represents a $2.24 dividend on an annualized basis and a yield of 1.06%. Microsoft’s dividend payout ratio is presently 38.89%.
Several equities analysts have recently weighed in on the company. Stifel Nicolaus increased their price target on Microsoft from $220.00 to $245.00 and gave the company a “buy” rating in a report on Tuesday, October 20th. Piper Sandler raised their target price on Microsoft from $218.00 to $245.00 and gave the stock an “overweight” rating in a report on Wednesday, October 28th. Mizuho raised their target price on Microsoft from $240.00 to $255.00 and gave the stock a “buy” rating in a report on Thursday, October 15th. Oppenheimer raised Microsoft from a “market perform” rating to an “outperform” rating and set a $260.00 target price on the stock in a report on Thursday, November 5th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $255.00 price target (up from $235.00) on shares of Microsoft in a report on Wednesday, October 28th. Three analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and two have issued a strong buy rating to the company’s stock. Microsoft currently has a consensus rating of “Buy” and an average price target of $230.46.
In other news, President Bradford L. Smith sold 200,000 shares of the stock in a transaction that occurred on Thursday, November 5th. The shares were sold at an average price of $222.58, for a total value of $44,516,000.00. Following the completion of the sale, the president now owns 778,439 shares of the company’s stock, valued at approximately $173,264,952.62. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Satya Nadella sold 104,500 shares of the stock in a transaction that occurred on Thursday, November 5th. The shares were sold at an average price of $222.52, for a total transaction of $23,253,340.00. Following the completion of the sale, the chief executive officer now directly owns 1,392,573 shares of the company’s stock, valued at approximately $309,875,343.96. The disclosure for this sale can be found here. In the last quarter, insiders sold 422,556 shares of company stock valued at $93,282,154. 0.05% of the stock is owned by insiders.
Microsoft Company Profile
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, as well as related Client Access Licenses (CAL); Skype, Outlook.com, and OneDrive; LinkedIn that includes Talent, Learning, Sales, and Marketing solutions, as well as premium subscriptions; and Dynamics 365, a set of cloud-based and on-premises business solutions for small and medium businesses, large organizations, and divisions of enterprises.
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