Taylor Wealth Management Partners lessened its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 0.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 65,542 shares of the software giant’s stock after selling 116 shares during the period. Microsoft makes up approximately 6.3% of Taylor Wealth Management Partners’ portfolio, making the stock its 2nd biggest holding. Taylor Wealth Management Partners’ holdings in Microsoft were worth $13,785,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in the business. Virtus ETF Advisers LLC lifted its position in shares of Microsoft by 230.5% during the 2nd quarter. Virtus ETF Advisers LLC now owns 195 shares of the software giant’s stock valued at $40,000 after acquiring an additional 136 shares during the period. FNY Investment Advisers LLC purchased a new position in Microsoft in the 3rd quarter valued at approximately $45,000. Selective Wealth Management Inc. raised its holdings in Microsoft by 26.9% during the second quarter. Selective Wealth Management Inc. now owns 236 shares of the software giant’s stock worth $48,000 after purchasing an additional 50 shares during the last quarter. Virtus Alternative Investment Advisers Inc. acquired a new position in Microsoft during the second quarter worth $48,000. Finally, Your Advocates Ltd. LLP grew its holdings in Microsoft by 588.2% in the second quarter. Your Advocates Ltd. LLP now owns 351 shares of the software giant’s stock valued at $71,000 after purchasing an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 69.93% of the company’s stock.
Several research analysts have recently issued reports on MSFT shares. Raymond James lifted their price target on Microsoft from $208.00 to $225.00 and gave the stock a “strong-buy” rating in a research note on Monday, July 20th. Summit Insights downgraded shares of Microsoft from a “buy” rating to a “hold” rating in a report on Tuesday, September 29th. Piper Sandler increased their price target on shares of Microsoft from $192.00 to $218.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. Goldman Sachs Group set a $215.00 price objective on Microsoft and gave the stock a “buy” rating in a research report on Monday, July 20th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Microsoft from $230.00 to $245.00 and gave the company a “buy” rating in a research note on Monday, October 12th. Four equities research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $220.30.
In other news, EVP Jean Philippe Courtois sold 15,140 shares of the firm’s stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $215.00, for a total value of $3,255,100.00. Following the transaction, the executive vice president now owns 560,498 shares of the company’s stock, valued at approximately $120,507,070. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Kathleen T. Hogan sold 30,871 shares of Microsoft stock in a transaction on Monday, August 17th. The shares were sold at an average price of $209.90, for a total transaction of $6,479,822.90. Following the transaction, the executive vice president now owns 176 shares in the company, valued at approximately $36,942.40. The disclosure for this sale can be found here. Insiders have sold a total of 164,067 shares of company stock valued at $35,247,737 in the last quarter. Company insiders own 1.39% of the company’s stock.
Shares of MSFT opened at $219.66 on Friday. 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. The company has a quick ratio of 2.49, a current ratio of 2.52 and a debt-to-equity ratio of 0.50. The company’s fifty day moving average is $211.82 and its two-hundred day moving average is $196.06. Microsoft Co. has a fifty-two week low of $132.52 and a fifty-two week high of $232.86.
Microsoft (NASDAQ:MSFT) last issued its earnings results on Wednesday, July 22nd. The software giant reported $1.46 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.34 by $0.12. Microsoft had a return on equity of 39.45% and a net margin of 30.96%. The firm had revenue of $38.03 billion for the quarter, compared to analysts’ expectations of $36.59 billion. As a group, equities research analysts anticipate that Microsoft Co. will post 6.36 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Thursday, November 19th will be paid a $0.56 dividend. This is a positive change from Microsoft’s previous quarterly dividend of $0.51. This represents a $2.24 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend is Wednesday, November 18th. Microsoft’s payout ratio is currently 35.42%.
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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