KCS Wealth Advisory lessened its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 3.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,924 shares of the software giant’s stock after selling 71 shares during the quarter. KCS Wealth Advisory’s holdings in Microsoft were worth $303,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of MSFT. Towerpoint Wealth LLC boosted its holdings in Microsoft by 8.6% during the fourth quarter. Towerpoint Wealth LLC now owns 1,936 shares of the software giant’s stock worth $305,000 after buying an additional 153 shares in the last quarter. Relyea Zuckerberg Hanson LLC acquired a new position in Microsoft in the 4th quarter worth approximately $2,311,000. Archford Capital Strategies LLC boosted its stake in Microsoft by 1.1% in the 4th quarter. Archford Capital Strategies LLC now owns 59,197 shares of the software giant’s stock worth $9,335,000 after purchasing an additional 652 shares during the period. TPG Financial Advisors LLC boosted its stake in Microsoft by 30.8% in the 4th quarter. TPG Financial Advisors LLC now owns 2,976 shares of the software giant’s stock worth $469,000 after purchasing an additional 701 shares during the period. Finally, Townsend & Associates Inc acquired a new position in Microsoft in the 4th quarter worth approximately $220,000. Institutional investors and hedge funds own 71.78% of the company’s stock.
A number of equities analysts recently commented on the stock. Goldman Sachs Group reaffirmed a “buy” rating and issued a $151.00 price objective on shares of Microsoft in a research note on Wednesday, October 23rd. Credit Suisse Group raised their price objective on shares of Microsoft from $155.00 to $180.00 and gave the stock an “outperform” rating in a research note on Monday. They noted that the move was a valuation call. Mizuho reaffirmed a “buy” rating and issued a $160.00 price objective on shares of Microsoft in a research note on Wednesday, November 20th. BMO Capital Markets raised their price objective on shares of Microsoft from $160.00 to $165.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Finally, Evercore ISI reaffirmed a “buy” rating and issued a $170.00 price objective on shares of Microsoft in a research note on Monday, December 16th. One investment analyst has rated the stock with a hold rating, thirty-one have given a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $165.97.
Shares of NASDAQ:MSFT opened at $163.18 on Thursday. The firm has a fifty day moving average of $156.07 and a two-hundred day moving average of $143.58. The firm has a market capitalization of $1,236.86 billion, a P/E ratio of 34.35, a price-to-earnings-growth ratio of 2.54 and a beta of 1.23. Microsoft Co. has a 12-month low of $102.17 and a 12-month high of $163.94. The company has a quick ratio of 2.81, a current ratio of 2.85 and a debt-to-equity ratio of 0.69.
Microsoft (NASDAQ:MSFT) last issued its earnings results on Wednesday, October 23rd. The software giant reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.14. The company had revenue of $33.06 billion during the quarter, compared to analyst estimates of $32.24 billion. Microsoft had a net margin of 31.66% and a return on equity of 39.14%. The company’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same quarter last year, the business posted $1.14 EPS. Equities research analysts expect that Microsoft Co. will post 5.36 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Shareholders of record on Thursday, February 20th will be paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date is Wednesday, February 19th. Microsoft’s dividend payout ratio (DPR) is currently 42.95%.
Microsoft declared that its board has authorized a share repurchase plan on Wednesday, September 18th that allows the company to buyback $40.00 billion in outstanding shares. This buyback authorization allows the software giant to reacquire up to 3.8% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s management believes its shares are undervalued.
In other news, EVP Jean Philippe Courtois sold 13,074 shares of the firm’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $141.00, for a total transaction of $1,843,434.00. Following the transaction, the executive vice president now owns 611,855 shares in the company, valued at approximately $86,271,555. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Margaret L. Johnson sold 35,000 shares of the firm’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $150.01, for a total transaction of $5,250,350.00. Following the transaction, the executive vice president now owns 62,423 shares in the company, valued at approximately $9,364,074.23. The disclosure for this sale can be found here. Insiders have sold a total of 66,919 shares of company stock valued at $9,817,790 in the last three months. Company insiders own 1.39% of the company’s stock.
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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