Capital Directions Investment Advisors LLC Cuts Stock Position in Microsoft Co. (NASDAQ:MSFT)

Capital Directions Investment Advisors LLC trimmed its position in shares of Microsoft Co. (NASDAQ:MSFT) by 1.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,275 shares of the software giant’s stock after selling 69 shares during the quarter. Microsoft accounts for approximately 0.5% of Capital Directions Investment Advisors LLC’s investment portfolio, making the stock its 22nd largest position. Capital Directions Investment Advisors LLC’s holdings in Microsoft were worth $1,769,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. AAF Wealth Management LLC raised its holdings in Microsoft by 2.6% in the third quarter. AAF Wealth Management LLC now owns 1,279 shares of the software giant’s stock worth $360,000 after purchasing an additional 32 shares in the last quarter. Garner Asset Management Corp raised its holdings in Microsoft by 0.3% in the third quarter. Garner Asset Management Corp now owns 9,907 shares of the software giant’s stock worth $2,793,000 after purchasing an additional 32 shares in the last quarter. Johnson Midwest Financial LLC raised its holdings in Microsoft by 4.0% in the third quarter. Johnson Midwest Financial LLC now owns 941 shares of the software giant’s stock worth $265,000 after purchasing an additional 36 shares in the last quarter. Ellevest Inc. raised its holdings in Microsoft by 0.3% in the third quarter. Ellevest Inc. now owns 11,472 shares of the software giant’s stock worth $3,234,000 after purchasing an additional 37 shares in the last quarter. Finally, CMC Financial Group raised its holdings in Microsoft by 0.5% in the third quarter. CMC Financial Group now owns 7,370 shares of the software giant’s stock worth $2,078,000 after purchasing an additional 38 shares in the last quarter. 69.01% of the stock is owned by institutional investors.

Shares of MSFT stock opened at $310.20 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.16 and a quick ratio of 2.12. The company has a market cap of $2.33 trillion, a price-to-earnings ratio of 34.70, a PEG ratio of 2.89 and a beta of 0.86. The stock has a 50 day simple moving average of $330.98 and a 200-day simple moving average of $307.88. Microsoft Co. has a 1-year low of $212.03 and a 1-year high of $349.67.

Microsoft (NASDAQ:MSFT) last announced its earnings results on Monday, October 25th. The software giant reported $2.27 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.08 by $0.19. Microsoft had a return on equity of 45.80% and a net margin of 38.51%. The business had revenue of $45.32 billion during the quarter, compared to the consensus estimate of $44 billion. During the same period in the prior year, the company posted $1.82 EPS. The business’s quarterly revenue was up 22.0% on a year-over-year basis. Analysts anticipate that Microsoft Co. will post 9.13 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 10th. Investors of record on Thursday, February 17th will be paid a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 0.80%. The ex-dividend date of this dividend is Wednesday, February 16th. Microsoft’s dividend payout ratio is currently 27.74%.

A number of brokerages have recently weighed in on MSFT. Barclays boosted their price target on Microsoft from $345.00 to $363.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 27th. Rosenblatt Securities restated a “buy” rating and set a $349.00 price target on shares of Microsoft in a research note on Friday, September 17th. Wells Fargo & Company began coverage on Microsoft in a research note on Monday, November 22nd. They set an “overweight” rating and a $400.00 price target on the stock. Cowen boosted their price target on Microsoft from $320.00 to $360.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 27th. Finally, BMO Capital Markets upped their target price on Microsoft from $355.00 to $360.00 and gave the company an “outperform” rating in a research report on Wednesday. One research analyst has rated the stock with a hold rating, thirty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $351.34.

In other Microsoft news, EVP Judson Althoff sold 54,757 shares of the company’s stock in a transaction on Tuesday, November 2nd. The stock was sold at an average price of $332.28, for a total value of $18,194,655.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Bradford L. Smith sold 55,000 shares of the company’s stock in a transaction on Monday, November 1st. The shares were sold at an average price of $328.60, for a total value of $18,073,000.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 530,699 shares of company stock valued at $181,312,457. 0.05% of the stock is owned by corporate insiders.

About Microsoft

Microsoft Corp. engages in the development and support of software, services, devices, and solutions. It operates through the following business segments: Productivity and Business Processes; Intelligent Cloud; and More Personal Computing. The Productivity and Business Processes segment comprises products and services in the portfolio of productivity, communication, and information services of the company spanning a variety of devices and platform.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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