Fernwood Investment Management LLC Trims Holdings in Microsoft Co. (NASDAQ:MSFT)
Fernwood Investment Management LLC reduced its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 1.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,655 shares of the software giant’s stock after selling 110 shares during the quarter. Fernwood Investment Management LLC’s holdings in Microsoft were worth $1,400,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. PrairieView Partners LLC boosted its stake in shares of Microsoft by 20.4% during the 3rd quarter. PrairieView Partners LLC now owns 2,968 shares of the software giant’s stock valued at $624,000 after buying an additional 503 shares during the last quarter. Citizens National Bank Trust Department raised its position in shares of Microsoft by 2.7% during the 2nd quarter. Citizens National Bank Trust Department now owns 32,332 shares of the software giant’s stock valued at $6,580,000 after acquiring an additional 853 shares in the last quarter. Dowling & Yahnke LLC raised its position in shares of Microsoft by 2.8% during the 3rd quarter. Dowling & Yahnke LLC now owns 148,967 shares of the software giant’s stock valued at $31,332,000 after acquiring an additional 4,020 shares in the last quarter. BCS Wealth Management raised its position in shares of Microsoft by 24.4% during the 3rd quarter. BCS Wealth Management now owns 5,587 shares of the software giant’s stock valued at $1,175,000 after acquiring an additional 1,096 shares in the last quarter. Finally, Affinity Wealth Management LLC raised its position in shares of Microsoft by 3.3% during the 2nd quarter. Affinity Wealth Management LLC now owns 29,315 shares of the software giant’s stock valued at $6,010,000 after acquiring an additional 938 shares in the last quarter. Institutional investors own 69.93% of the company’s stock.
Shares of MSFT opened at $210.39 on Friday. The stock’s fifty day moving average is $213.80 and its 200-day moving average is $204.25. Microsoft Co. has a one year low of $132.52 and a one year high of $232.86. The firm has a market capitalization of $1,590.65 billion, a price-to-earnings ratio of 33.99, a price-to-earnings-growth ratio of 2.58 and a beta of 0.87. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.49 and a current ratio of 2.53.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Thursday, November 19th will be paid a dividend of $0.56 per share. The ex-dividend date of this dividend is Wednesday, November 18th. This represents a $2.24 annualized dividend and a yield of 1.06%. This is a boost from Microsoft’s previous quarterly dividend of $0.51. Microsoft’s dividend payout ratio (DPR) is currently 38.89%.
In related news, CEO Satya Nadella sold 104,500 shares of the firm’s stock in a transaction dated Thursday, November 5th. The stock was sold at an average price of $222.52, for a total transaction of $23,253,340.00. Following the completion of the transaction, the chief executive officer now owns 1,392,573 shares of the company’s stock, valued at $309,875,343.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CMO Christopher C. Capossela sold 23,000 shares of the firm’s stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $210.70, for a total value of $4,846,100.00. Following the transaction, the chief marketing officer now directly owns 122,943 shares of the company’s stock, valued at approximately $25,904,090.10. The disclosure for this sale can be found here. Insiders have sold 422,556 shares of company stock valued at $93,282,154 in the last ninety days. Company insiders own 0.05% of the company’s stock.
Several research firms recently issued reports on MSFT. The Goldman Sachs Group reissued a “buy” rating and set a $255.00 price target (up from $235.00) on shares of Microsoft in a research report on Wednesday, October 28th. Mizuho upped their price target on Microsoft from $240.00 to $255.00 and gave the company a “buy” rating in a research report on Thursday, October 15th. Oppenheimer raised Microsoft from a “market perform” rating to an “outperform” rating and set a $260.00 price target on the stock in a research report on Thursday, November 5th. Barclays reissued a “buy” rating and set a $250.00 price target on shares of Microsoft in a research report on Wednesday, October 28th. Finally, Piper Sandler increased their target price on Microsoft from $218.00 to $245.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 28th. Three investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $230.46.
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, and OneDrive; LinkedIn that includes Talent, Learning, Sales, and Marketing solutions, as well as premium subscriptions; and Dynamics 365, a set of cloud-based and on-premises business solutions for small and medium businesses, large organizations, and divisions of enterprises.
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