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Microsoft Co. (NASDAQ:MSFT) Shares Sold by Highland Private Wealth Management

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Highland Private Wealth Management lowered its position in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 0.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 322,069 shares of the software giant’s stock after selling 86 shares during the quarter. Microsoft makes up approximately 13.2% of Highland Private Wealth Management’s holdings, making the stock its biggest holding. Highland Private Wealth Management’s holdings in Microsoft were worth $99,297,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. State Street Corp increased its position in Microsoft by 2.8% in the 4th quarter. State Street Corp now owns 302,541,869 shares of the software giant’s stock valued at $101,750,881,000 after acquiring an additional 8,108,943 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Microsoft by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 129,107,118 shares of the software giant’s stock valued at $43,313,705,000 after purchasing an additional 3,027,306 shares during the last quarter. Norges Bank bought a new position in shares of Microsoft in the 4th quarter valued at about $24,401,940,000. Nuveen Asset Management LLC boosted its stake in shares of Microsoft by 1.0% in the 4th quarter. Nuveen Asset Management LLC now owns 57,181,533 shares of the software giant’s stock valued at $19,231,292,000 after purchasing an additional 584,273 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Microsoft by 1.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 39,096,786 shares of the software giant’s stock valued at $13,149,038,000 after purchasing an additional 652,526 shares during the last quarter. Institutional investors and hedge funds own 69.99% of the company’s stock.

Microsoft Trading Up 0.4 %

Shares of Microsoft stock opened at $283.65 on Friday. The firm has a 50-day moving average of $262.77 and a 200-day moving average of $280.22. The stock has a market cap of $2.12 trillion, a PE ratio of 29.42, a PEG ratio of 2.31 and a beta of 0.93. Microsoft Co. has a 52-week low of $241.51 and a 52-week high of $349.67. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.75 and a current ratio of 1.78.

Microsoft (NASDAQ:MSFTGet Rating) last posted its quarterly earnings data on Tuesday, July 26th. The software giant reported $2.23 earnings per share for the quarter, missing the consensus estimate of $2.29 by ($0.06). Microsoft had a return on equity of 43.31% and a net margin of 36.69%. During the same quarter in the prior year, the firm posted $2.17 EPS. As a group, sell-side analysts forecast that Microsoft Co. will post 10.14 EPS for the current year.

Microsoft Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 8th. Shareholders of record on Thursday, August 18th will be paid a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 0.87%. The ex-dividend date is Wednesday, August 17th. Microsoft’s payout ratio is 25.73%.

Wall Street Analyst Weigh In

MSFT has been the topic of several recent research reports. Stifel Nicolaus reduced their target price on shares of Microsoft from $320.00 to $300.00 and set a “buy” rating on the stock in a research note on Wednesday, July 27th. William Blair reaffirmed an “outperform” rating on shares of Microsoft in a research note on Wednesday, April 27th. Morgan Stanley reduced their price objective on shares of Microsoft from $372.00 to $354.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 12th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Microsoft from $350.00 to $330.00 and set a “buy” rating on the stock in a research note on Wednesday, July 27th. Finally, Evercore ISI reduced their price objective on shares of Microsoft from $370.00 to $330.00 and set an “inline” rating on the stock in a research note on Wednesday, April 27th. One investment analyst has rated the stock with a hold rating and thirty-one have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $335.72.

Microsoft Profile

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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.

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