Menu Close

Hengehold Capital Management LLC Sells 1,708 Shares of Microsoft Co. (NASDAQ:MSFT)

view original post

Hengehold Capital Management LLC reduced its stake in Microsoft Co. (NASDAQ:MSFTGet Rating) by 7.6% in the 1st quarter, HoldingsChannel reports. The firm owned 20,815 shares of the software giant’s stock after selling 1,708 shares during the quarter. Microsoft makes up 0.9% of Hengehold Capital Management LLC’s portfolio, making the stock its 20th biggest position. Hengehold Capital Management LLC’s holdings in Microsoft were worth $6,417,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cedar Brook Financial Partners LLC increased its position in shares of Microsoft by 6.0% during the fourth quarter. Cedar Brook Financial Partners LLC now owns 16,414 shares of the software giant’s stock worth $5,520,000 after acquiring an additional 931 shares in the last quarter. ACT Wealth Management LLC boosted its holdings in Microsoft by 0.8% during the fourth quarter. ACT Wealth Management LLC now owns 4,097 shares of the software giant’s stock worth $1,378,000 after purchasing an additional 34 shares during the last quarter. Alley Co LLC boosted its holdings in Microsoft by 1.4% during the fourth quarter. Alley Co LLC now owns 59,420 shares of the software giant’s stock worth $19,984,000 after purchasing an additional 822 shares during the last quarter. Burleson & Company LLC boosted its holdings in Microsoft by 2.6% during the fourth quarter. Burleson & Company LLC now owns 100,996 shares of the software giant’s stock worth $33,967,000 after purchasing an additional 2,519 shares during the last quarter. Finally, Brickley Wealth Management boosted its holdings in Microsoft by 12.2% during the fourth quarter. Brickley Wealth Management now owns 3,140 shares of the software giant’s stock worth $1,056,000 after purchasing an additional 341 shares during the last quarter. 69.99% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

MSFT has been the topic of several analyst reports. Wolfe Research cut their price target on shares of Microsoft from $320.00 to $275.00 and set an “outperform” rating on the stock in a report on Friday. JPMorgan Chase & Co. cut their price target on shares of Microsoft from $320.00 to $305.00 and set a “maintains” rating on the stock in a report on Wednesday. Evercore ISI cut their price target on shares of Microsoft from $370.00 to $330.00 and set an “inline” rating on the stock in a report on Wednesday, April 27th. Fundamental Research cut their price target on shares of Microsoft from $299.93 to $298.00 and set a “hold” rating on the stock in a report on Tuesday, May 3rd. Finally, Piper Sandler dropped their target price on shares of Microsoft from $352.00 to $312.00 and set an “overweight” rating on the stock in a research note on Friday, July 8th. One equities research analyst has rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $334.80.

Microsoft Stock Performance

Microsoft stock opened at $280.74 on Friday. The firm’s 50 day simple moving average is $261.36 and its 200 day simple moving average is $281.34. The firm has a market capitalization of $2.10 trillion, a PE ratio of 29.30, a price-to-earnings-growth ratio of 2.01 and a beta of 0.93. Microsoft Co. has a 1-year low of $241.51 and a 1-year high of $349.67. The company has a current ratio of 1.99, a quick ratio of 1.95 and a debt-to-equity ratio of 0.30.

Microsoft (NASDAQ:MSFTGet Rating) last issued its quarterly earnings results on Tuesday, July 26th. The software giant reported $2.23 EPS for the quarter, missing analysts’ consensus estimates of $2.29 by ($0.06). Microsoft had a return on equity of 44.85% and a net margin of 37.63%. During the same quarter in the prior year, the business posted $2.17 earnings per share. As a group, analysts expect that Microsoft Co. will post 9.27 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 8th. Stockholders of record on Thursday, August 18th will be issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date of this dividend is Wednesday, August 17th. Microsoft’s payout ratio is 25.89%.

About Microsoft

(Get Rating)

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, as well as related Client Access Licenses (CAL); Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and enterprise divisions.

Featured Articles

Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Co. (NASDAQ:MSFTGet Rating).

Receive News & Ratings for Microsoft Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Microsoft and related companies with MarketBeat.com’s FREE daily email newsletter.