CMC Financial Group Sells 503 Shares of Microsoft Co. (NASDAQ:MSFT)

CMC Financial Group cut its position in Microsoft Co. (NASDAQ:MSFTGet Rating) by 7.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,650 shares of the software giant’s stock after selling 503 shares during the period. Microsoft accounts for approximately 2.1% of CMC Financial Group’s investment portfolio, making the stock its 9th biggest holding. CMC Financial Group’s holdings in Microsoft were worth $1,844,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Capital Square LLC grew its holdings in shares of Microsoft by 4.7% during the first quarter. Capital Square LLC now owns 4,264 shares of the software giant’s stock valued at $1,314,000 after buying an additional 190 shares during the last quarter. TRUE Private Wealth Advisors lifted its position in Microsoft by 1.9% in the 1st quarter. TRUE Private Wealth Advisors now owns 52,058 shares of the software giant’s stock valued at $15,096,000 after acquiring an additional 993 shares in the last quarter. Kavar Capital Partners Group LLC raised its stake in shares of Microsoft by 9.5% in the first quarter. Kavar Capital Partners Group LLC now owns 32,740 shares of the software giant’s stock worth $10,094,000 after purchasing an additional 2,854 shares during the last quarter. Lansing Street Advisors purchased a new position in shares of Microsoft during the first quarter valued at approximately $1,331,000. Finally, Wolff Wiese Magana LLC grew its holdings in Microsoft by 8.0% during the first quarter. Wolff Wiese Magana LLC now owns 17,122 shares of the software giant’s stock worth $5,279,000 after buying an additional 1,270 shares in the last quarter. 69.29% of the stock is owned by institutional investors.

Microsoft Stock Down 1.7 %

MSFT opened at $256.06 on Friday. The firm has a market capitalization of $1.91 trillion, a P/E ratio of 26.56, a price-to-earnings-growth ratio of 2.23 and a beta of 0.93. Microsoft Co. has a one year low of $241.51 and a one year high of $349.67. The company has a fifty day moving average price of $270.44 and a 200-day moving average price of $277.26. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.78 and a quick ratio of 1.75.

Microsoft (NASDAQ:MSFTGet Rating) last posted its earnings results on Tuesday, July 26th. The software giant reported $2.23 EPS 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 period in the previous year, the firm earned $2.17 EPS. Equities research analysts expect that Microsoft Co. will post 10.14 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 8th. Investors of record on Thursday, August 18th will be paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date is Wednesday, August 17th. Microsoft’s dividend payout ratio is currently 25.73%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Wells Fargo & Company cut their price objective on shares of Microsoft from $400.00 to $350.00 and set an “overweight” rating on the stock in a report on Monday, July 25th. Wolfe Research cut their target price on Microsoft from $320.00 to $275.00 and set an “outperform” rating on the stock in a research note on Friday, July 29th. Itaú Unibanco assumed coverage on Microsoft in a report on Tuesday, July 26th. They set an “outperform” rating and a $287.00 price target on the stock. Cowen reduced their price objective on Microsoft from $330.00 to $320.00 and set an “outperform” rating for the company in a research note on Friday, July 22nd. Finally, UBS Group set a $330.00 price target on shares of Microsoft in a research report on Monday, June 20th. Two equities research analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $334.31.

About Microsoft

(Get Rating)

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates in three segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, Microsoft Viva, and Skype for Business; Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and enterprise divisions.

Read More

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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.