Cadinha & Co. LLC lessened its position in shares of Microsoft Co. (NASDAQ:MSFT – Free Report) by 42.6% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 52,976 shares of the software giant’s stock after selling 39,267 shares during the quarter. Microsoft comprises 4.2% of Cadinha & Co. LLC’s investment portfolio, making the stock its 9th biggest holding. Cadinha & Co. LLC’s holdings in Microsoft were worth $15,273,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Affiance Financial LLC grew its position in shares of Microsoft by 0.3% in the first quarter. Affiance Financial LLC now owns 10,362 shares of the software giant’s stock valued at $2,988,000 after purchasing an additional 35 shares during the period. Henrickson Nauta Wealth Advisors Inc. grew its position in shares of Microsoft by 1.3% in the first quarter. Henrickson Nauta Wealth Advisors Inc. now owns 2,898 shares of the software giant’s stock valued at $835,000 after purchasing an additional 36 shares during the period. Rede Wealth LLC grew its position in shares of Microsoft by 0.4% in the first quarter. Rede Wealth LLC now owns 9,653 shares of the software giant’s stock valued at $2,783,000 after purchasing an additional 37 shares during the period. Sentinel Pension Advisors Inc. grew its position in Microsoft by 1.1% during the fourth quarter. Sentinel Pension Advisors Inc. now owns 3,746 shares of the software giant’s stock valued at $898,000 after acquiring an additional 39 shares during the period. Finally, Providence First Trust Co grew its position in Microsoft by 2.5% during the fourth quarter. Providence First Trust Co now owns 1,645 shares of the software giant’s stock valued at $395,000 after acquiring an additional 40 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.
Analyst Upgrades and Downgrades
MSFT has been the subject of a number of research reports. Wolfe Research boosted their price target on Microsoft from $330.00 to $350.00 and gave the company an “outperform” rating in a research report on Wednesday, April 26th. Evercore ISI boosted their price target on Microsoft from $337.00 to $400.00 in a research report on Friday, June 2nd. Atlantic Securities boosted their price target on Microsoft from $290.00 to $330.00 and gave the company an “overweight” rating in a research report on Wednesday, April 26th. Rosenblatt Securities boosted their price objective on Microsoft from $310.00 to $360.00 and gave the stock a “buy” rating in a research note on Thursday, July 27th. Finally, Bank of America boosted their price objective on Microsoft from $340.00 to $405.00 and gave the stock a “buy” rating in a research note on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and thirty-two have given a buy rating to the company. According to data from MarketBeat.com, Microsoft presently has an average rating of “Moderate Buy” and a consensus price target of $370.76.
Microsoft Stock Performance
MSFT opened at $326.05 on Wednesday. The company has a market capitalization of $2.42 trillion, a price-to-earnings ratio of 33.65, a price-to-earnings-growth ratio of 2.43 and a beta of 0.90. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.77 and a quick ratio of 1.75. Microsoft Co. has a 1-year low of $213.43 and a 1-year high of $366.78. The business has a 50 day moving average price of $337.00 and a two-hundred day moving average price of $299.28.
Microsoft (NASDAQ:MSFT – Get Free Report) last announced its quarterly earnings data on Tuesday, July 25th. The software giant reported $2.69 EPS for the quarter, beating analysts’ consensus estimates of $2.55 by $0.14. Microsoft had a return on equity of 38.70% and a net margin of 34.15%. The company had revenue of $56.19 billion during the quarter, compared to the consensus estimate of $55.49 billion. During the same quarter in the prior year, the firm earned $2.23 EPS. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. Research analysts predict that Microsoft Co. will post 10.85 EPS for the current fiscal year.
Microsoft Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, August 17th will be given a dividend of $0.68 per share. The ex-dividend date is Wednesday, August 16th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.83%. Microsoft’s dividend payout ratio (DPR) is presently 28.07%.
Insider Activity
In other news, Director Teri List sold 1,250 shares of the stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $334.77, for a total transaction of $418,462.50. Following the completion of the sale, the director now owns 874 shares in the company, valued at approximately $292,588.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Teri List sold 1,250 shares of the firm’s stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $334.77, for a total value of $418,462.50. Following the completion of the sale, the director now owns 874 shares of the company’s stock, valued at $292,588.98. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Bradford L. Smith sold 50,000 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $337.20, for a total value of $16,860,000.00. Following the completion of the sale, the insider now directly owns 588,084 shares of the company’s stock, valued at approximately $198,301,924.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 61,331 shares of company stock worth $20,450,828. Insiders own 0.03% of the company’s stock.
Microsoft Company Profile
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates in three segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, Microsoft Viva, and Skype for Business; Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and enterprise divisions.
Featured Stories
- Five stocks we like better than Microsoft
- Overbought Stocks Explained: Should You Trade Them?
- 5 Best Fintech Stocks to Buy Now
- With Risk Tolerance, One Size Does Not Fit All
- UPS Slipping To More Attractive Levels On Weak OutlookÂ
- Insider Trades May Not Tell You What You Think
- More Good News Coming? GoodRx Spikes Ahead of Q2 Earnings
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 – Free Report).
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.
