Aprio Wealth Management LLC lowered its stake in Microsoft Co. (NASDAQ:MSFT) by 1.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,401 shares of the software giant’s stock after selling 74 shares during the quarter. Microsoft makes up 1.0% of Aprio Wealth Management LLC’s investment portfolio, making the stock its 20th largest position. Aprio Wealth Management LLC’s holdings in Microsoft were worth $1,346,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently modified their holdings of the stock. Geode Capital Management LLC grew its position in Microsoft by 2.0% during the 1st quarter. Geode Capital Management LLC now owns 115,684,966 shares of the software giant’s stock worth $18,213,038,000 after acquiring an additional 2,283,447 shares during the last quarter. Capital International Investors boosted its position in shares of Microsoft by 3.5% during the first quarter. Capital International Investors now owns 103,523,946 shares of the software giant’s stock valued at $16,326,780,000 after purchasing an additional 3,527,148 shares in the last quarter. Capital Research Global Investors lifted its position in Microsoft by 0.5% during the 1st quarter. Capital Research Global Investors now owns 93,247,848 shares of the software giant’s stock valued at $14,706,128,000 after acquiring an additional 471,612 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Microsoft by 2.0% during the second quarter. Bank of New York Mellon Corp now owns 85,075,509 shares of the software giant’s stock valued at $17,313,715,000 after purchasing an additional 1,667,999 shares during the last quarter. Finally, Legal & General Group Plc grew its stake in shares of Microsoft by 2.8% in the first quarter. Legal & General Group Plc now owns 46,522,802 shares of the software giant’s stock worth $7,337,453,000 after acquiring an additional 1,251,930 shares during the last quarter. 69.93% of the stock is owned by institutional investors.
Several brokerages have issued reports on MSFT. Credit Suisse Group reaffirmed a “buy” rating and issued a $225.00 target price on shares of Microsoft in a report on Monday, October 5th. William Blair reaffirmed a “buy” rating on shares of Microsoft in a report on Monday, July 20th. Fundamental Research boosted their price objective on shares of Microsoft from $212.58 to $220.41 and gave the company a “buy” rating in a report on Tuesday, July 28th. Royal Bank of Canada raised their target price on shares of Microsoft from $230.00 to $250.00 and gave the stock an “outperform” rating in a report on Tuesday, October 13th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Microsoft from $190.00 to $220.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Four investment analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $220.30.
In other news, EVP Kathleen T. Hogan sold 30,871 shares of the business’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $209.90, for a total value of $6,479,822.90. Following the completion of the sale, the executive vice president now owns 176 shares in the company, valued at approximately $36,942.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Jean Philippe Courtois sold 15,140 shares of the company’s stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $215.00, for a total transaction of $3,255,100.00. Following the completion of the sale, the executive vice president now directly owns 560,498 shares of the company’s stock, valued at approximately $120,507,070. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 164,067 shares of company stock worth $35,247,737. Insiders own 1.39% of the company’s stock.
Shares of NASDAQ:MSFT opened at $219.66 on Friday. The firm’s 50 day simple moving average is $211.82 and its 200-day simple moving average is $196.06. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.49 and a current ratio of 2.52. Microsoft Co. has a one year low of $132.52 and a one year high of $232.86. The firm has a market cap of $1,662.31 billion, a PE ratio of 38.20, a price-to-earnings-growth ratio of 2.54 and a beta of 0.92.
Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, July 22nd. The software giant reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.12. The company had revenue of $38.03 billion for the quarter, compared to analysts’ expectations of $36.59 billion. Microsoft had a return on equity of 39.45% and a net margin of 30.96%. Equities research analysts predict that Microsoft Co. will post 6.36 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Thursday, November 19th will be given a dividend of $0.56 per share. 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 dividend yield of 1.02%. Microsoft’s dividend payout ratio is presently 35.42%.
Microsoft Company 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.
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