Massey Quick Simon & CO. LLC Has $1.07 Million Position in Microsoft Co. (NASDAQ:MSFT)

Massey Quick Simon & CO. LLC cut its position in Microsoft Co. (NASDAQ:MSFT) by 31.6% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 7,986 shares of the software giant’s stock after selling 3,697 shares during the quarter. Microsoft comprises 0.5% of Massey Quick Simon & CO. LLC’s portfolio, making the stock its 26th biggest holding. Massey Quick Simon & CO. LLC’s holdings in Microsoft were worth $1,070,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Orgel Wealth Management LLC grew its holdings in shares of Microsoft by 1.2% during the 2nd quarter. Orgel Wealth Management LLC now owns 6,492 shares of the software giant’s stock valued at $870,000 after purchasing an additional 74 shares during the last quarter. Planning Directions Inc. grew its holdings in Microsoft by 3.2% during the 2nd quarter. Planning Directions Inc. now owns 2,418 shares of the software giant’s stock worth $324,000 after acquiring an additional 74 shares during the last quarter. Weybosset Research & Management LLC grew its holdings in Microsoft by 2.1% during the 2nd quarter. Weybosset Research & Management LLC now owns 3,625 shares of the software giant’s stock worth $486,000 after acquiring an additional 75 shares during the last quarter. Torch Wealth Management LLC grew its holdings in Microsoft by 0.4% during the 2nd quarter. Torch Wealth Management LLC now owns 18,397 shares of the software giant’s stock worth $2,464,000 after acquiring an additional 76 shares during the last quarter. Finally, Harvey Investment Co. LLC grew its holdings in Microsoft by 0.4% during the 2nd quarter. Harvey Investment Co. LLC now owns 18,085 shares of the software giant’s stock worth $2,423,000 after acquiring an additional 80 shares during the last quarter. Institutional investors own 72.49% of the company’s stock.

Shares of NASDAQ:MSFT traded up $2.24 during trading on Thursday, reaching $139.87. The stock had a trading volume of 4,465,828 shares, compared to its average volume of 22,883,080. The firm’s fifty day moving average is $137.14 and its 200 day moving average is $127.48. The company has a debt-to-equity ratio of 0.71, a quick ratio of 2.50 and a current ratio of 2.53. Microsoft Co. has a 52 week low of $93.96 and a 52 week high of $141.68. The stock has a market cap of $1,038.72 billion, a price-to-earnings ratio of 29.45, a P/E/G ratio of 2.37 and a beta of 1.22.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Thursday, July 18th. The software giant reported $1.37 EPS for the quarter, beating the Zacks’ consensus estimate of $1.21 by $0.16. Microsoft had a net margin of 31.18% and a return on equity of 39.26%. The company had revenue of $33.72 billion for the quarter, compared to analyst estimates of $32.80 billion. During the same period in the prior year, the firm posted $1.13 EPS. The company’s quarterly revenue was up 12.1% on a year-over-year basis. On average, research analysts forecast that Microsoft Co. will post 5.22 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 15th will be paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date is Wednesday, August 14th. Microsoft’s dividend payout ratio is currently 38.74%.

In related news, insider Frank H. Brod sold 4,000 shares of the business’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $141.05, for a total transaction of $564,200.00. Following the transaction, the insider now owns 64,152 shares in the company, valued at approximately $9,048,639.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Kathleen T. Hogan sold 15,947 shares of the business’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $133.17, for a total transaction of $2,123,661.99. Following the transaction, the executive vice president now owns 202,518 shares in the company, valued at approximately $26,969,322.06. The disclosure for this sale can be found here. Insiders have sold a total of 33,819 shares of company stock worth $4,603,450 in the last quarter. 1.38% of the stock is owned by corporate insiders.

MSFT has been the topic of a number of research reports. CIBC boosted their target price on shares of Microsoft from $145.00 to $160.00 and gave the stock an “outperform” rating in a report on Friday, July 19th. Mizuho set a $152.00 target price on shares of Microsoft and gave the stock a “buy” rating in a report on Friday, July 19th. Morgan Stanley boosted their target price on shares of Microsoft from $145.00 to $155.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. Citigroup boosted their target price on shares of Microsoft from $147.00 to $152.00 and gave the stock a “neutral” rating in a report on Friday, July 19th. Finally, Goldman Sachs Group set a $151.00 target price on shares of Microsoft and gave the stock a “buy” rating in a report on Friday, July 19th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, twenty-eight have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $149.21.

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, 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.

Further Reading: Example of operating income, EBIT and EBITDA

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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