TMD Wealth Management LLC Cuts Position in Microsoft Co. (NASDAQ:MSFT)

TMD Wealth Management LLC decreased its position in Microsoft Co. (NASDAQ:MSFT) by 16.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,626 shares of the software giant’s stock after selling 1,871 shares during the quarter. Microsoft accounts for about 1.1% of TMD Wealth Management LLC’s holdings, making the stock its 17th biggest holding. TMD Wealth Management LLC’s holdings in Microsoft were worth $2,608,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of MSFT. Danda Trouve Investment Management Inc. increased its holdings in shares of Microsoft by 63.8% in the 2nd quarter. Danda Trouve Investment Management Inc. now owns 131 shares of the software giant’s stock valued at $35,000 after acquiring an additional 51 shares during the last quarter. Paradigm Strategies in Wealth Management LLC increased its stake in Microsoft by 24.7% in the second quarter. Paradigm Strategies in Wealth Management LLC now owns 353 shares of the software giant’s stock valued at $96,000 after purchasing an additional 70 shares during the last quarter. Strategic Point Investment Advisors LLC purchased a new position in Microsoft in the second quarter valued at approximately $109,000. Lake Point Wealth Management purchased a new stake in shares of Microsoft during the 2nd quarter worth approximately $162,000. Finally, Cutler Capital Management LLC purchased a new stake in shares of Microsoft during the 2nd quarter worth approximately $163,000. Institutional investors own 69.17% of the company’s stock.

A number of equities research analysts recently weighed in on MSFT shares. Rosenblatt Securities reissued a “buy” rating and issued a $349.00 price target on shares of Microsoft in a research report on Friday, September 17th. Tigress Financial reissued a “buy” rating and issued a $366.00 target price (up from $303.00) on shares of Microsoft in a research report on Friday, September 17th. UBS Group raised their price target on Microsoft from $325.00 to $350.00 and gave the stock a “buy” rating in a research note on Friday, August 20th. Piper Sandler lifted their target price on shares of Microsoft from $305.00 to $310.00 and gave the company an “overweight” rating in a report on Wednesday, July 28th. Finally, Mizuho reiterated a “buy” rating and set a $350.00 price target (up previously from $325.00) on shares of Microsoft in a research note on Friday, August 20th. Two research 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $324.84.

In related news, EVP Kathleen T. Hogan sold 20,000 shares of the company’s stock in a transaction on Friday, September 10th. The stock was sold at an average price of $298.68, for a total value of $5,973,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Satya Nadella sold 75,573 shares of the firm’s stock in a transaction dated Wednesday, September 1st. The stock was sold at an average price of $303.28, for a total value of $22,919,779.44. Following the completion of the sale, the chief executive officer now directly owns 1,632,350 shares in the company, valued at $495,059,108. The disclosure for this sale can be found here. In the last three months, insiders sold 165,573 shares of company stock valued at $50,066,379. Company insiders own 0.05% of the company’s stock.

Shares of NASDAQ:MSFT opened at $299.35 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.05 and a current ratio of 2.08. The business’s fifty day moving average price is $294.27 and its two-hundred day moving average price is $267.72. The stock has a market cap of $2.25 trillion, a PE ratio of 37.19, a price-to-earnings-growth ratio of 3.10 and a beta of 0.78. Microsoft Co. has a one year low of $199.62 and a one year high of $305.84.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Monday, July 26th. The software giant reported $2.17 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.92 by $0.25. Microsoft had a return on equity of 45.76% and a net margin of 36.45%. The business had revenue of $46.15 billion for the quarter, compared to the consensus estimate of $44.30 billion. During the same period in the prior year, the business earned $1.46 earnings per share. The business’s revenue was up 21.3% on a year-over-year basis. As a group, equities research analysts predict that Microsoft Co. will post 8.61 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 9th. Stockholders of record on Thursday, November 18th will be issued a dividend of $0.62 per share. The ex-dividend date is Wednesday, November 17th. This is an increase from Microsoft’s previous quarterly dividend of $0.56. This represents a $2.48 dividend on an annualized basis and a dividend yield of 0.83%. Microsoft’s payout ratio is 28.11%.

Microsoft declared that its board has approved a share repurchase program on Tuesday, September 14th that permits the company to repurchase $60.00 billion in outstanding shares. This repurchase authorization permits the software giant to repurchase up to 2.7% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors believes its stock is undervalued.

About Microsoft

Microsoft Corp. engages in the development and support of software, services, devices, and solutions. It operates through the following business segments: Productivity and Business Processes; Intelligent Cloud; and More Personal Computing. The Productivity and Business Processes segment comprises products and services in the portfolio of productivity, communication, and information services of the company spanning a variety of devices and platform.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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