Menu Close

Microsoft Co. (NASDAQ:MSFT) Shares Sold by Kiley Juergens Wealth Management LLC

view original post

Kiley Juergens Wealth Management LLC reduced its holdings in Microsoft Co. (NASDAQ:MSFTGet Rating) by 35.7% in the 1st quarter, HoldingsChannel reports. The fund owned 69,833 shares of the software giant’s stock after selling 38,717 shares during the period. Microsoft comprises approximately 9.6% of Kiley Juergens Wealth Management LLC’s holdings, making the stock its biggest position. Kiley Juergens Wealth Management LLC’s holdings in Microsoft were worth $21,530,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. ACT Wealth Management LLC lifted its position in shares of 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 acquiring an additional 34 shares in the last quarter. Wealth Enhancement & Preservation of GA LLC lifted its position in shares of Microsoft by 0.7% during the fourth quarter. Wealth Enhancement & Preservation of GA LLC now owns 4,995 shares of the software giant’s stock worth $1,680,000 after acquiring an additional 34 shares in the last quarter. KB Financial Partners LLC lifted its position in shares of Microsoft by 0.5% during the fourth quarter. KB Financial Partners LLC now owns 7,148 shares of the software giant’s stock worth $2,404,000 after acquiring an additional 35 shares in the last quarter. Valtinson Bruner Financial Planning LLC lifted its position in shares of Microsoft by 0.9% during the first quarter. Valtinson Bruner Financial Planning LLC now owns 4,238 shares of the software giant’s stock worth $1,186,000 after acquiring an additional 37 shares in the last quarter. Finally, Strategic Asset Management LLC lifted its position in shares of Microsoft by 5.9% during the first quarter. Strategic Asset Management LLC now owns 659 shares of the software giant’s stock worth $203,000 after acquiring an additional 37 shares in the last quarter. 69.99% of the stock is currently owned by institutional investors and hedge funds.

Microsoft Price Performance

Shares of Microsoft stock opened at $280.74 on Monday. The company has a quick ratio of 1.95, a current ratio of 1.99 and a debt-to-equity ratio of 0.30. The company has a market cap of $2.10 trillion, a PE ratio of 29.30, a P/E/G ratio of 2.01 and a beta of 0.93. The business has a 50 day moving average of $261.36 and a 200 day moving average of $281.11. Microsoft Co. has a 52 week low of $241.51 and a 52 week high of $349.67.

Microsoft (NASDAQ:MSFTGet Rating) last announced its 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 net margin of 37.63% and a return on equity of 44.85%. During the same period in the prior year, the company posted $2.17 EPS. As a group, equities research analysts forecast that Microsoft Co. will post 9.27 earnings per share for the current year.

Microsoft Announces Dividend

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

Analysts Set New Price Targets

Several research firms have issued reports on MSFT. Wedbush dropped their target price on Microsoft from $340.00 to $320.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 27th. Citigroup lowered their price objective on Microsoft from $330.00 to $300.00 and set a “buy” rating on the stock in a research report on Wednesday, July 27th. Redburn Partners began coverage on Microsoft in a research report on Wednesday, June 29th. They issued a “buy” rating and a $370.00 price objective on the stock. JPMorgan Chase & Co. lowered their price objective on Microsoft from $320.00 to $305.00 and set a “maintains” rating on the stock in a research report on Wednesday, July 27th. Finally, Cowen lowered their price objective on Microsoft from $330.00 to $320.00 and set an “outperform” rating on the stock in a research report on Friday, July 22nd. One investment analyst has rated the stock with a hold rating and twenty-nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $334.80.

Microsoft Company Profile

(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.