Microsoft Co. (NASDAQ:MSFT) Shares Sold by Ashfield Capital Partners LLC
Ashfield Capital Partners LLC cut its stake in Microsoft Co. (NASDAQ:MSFT) by 0.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 331,557 shares of the software giant’s stock after selling 1,962 shares during the period. Microsoft accounts for about 6.3% of Ashfield Capital Partners LLC’s portfolio, making the stock its 2nd largest position. Ashfield Capital Partners LLC’s holdings in Microsoft were worth $69,736,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. Newfound Research LLC acquired a new stake in Microsoft in the 3rd quarter worth approximately $32,000. Virtus ETF Advisers LLC boosted its stake in Microsoft by 230.5% in the 2nd quarter. Virtus ETF Advisers LLC now owns 195 shares of the software giant’s stock worth $40,000 after purchasing an additional 136 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in Microsoft in the 3rd quarter worth approximately $45,000. Virtus Alternative Investment Advisers Inc. acquired a new stake in Microsoft in the 2nd quarter worth approximately $48,000. Finally, Carolina Wealth Advisors LLC boosted its stake in Microsoft by 20.1% in the 3rd quarter. Carolina Wealth Advisors LLC now owns 341 shares of the software giant’s stock worth $72,000 after purchasing an additional 57 shares in the last quarter. Institutional investors own 69.93% of the company’s stock.
Shares of MSFT opened at $210.39 on Friday. Microsoft Co. has a 52-week low of $132.52 and a 52-week high of $232.86. The company has a quick ratio of 2.49, a current ratio of 2.53 and a debt-to-equity ratio of 0.46. The firm’s fifty day moving average is $213.80 and its two-hundred day moving average is $204.25. The stock has a market cap of $1,590.65 billion, a PE ratio of 33.99, a price-to-earnings-growth ratio of 2.58 and a beta of 0.87.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Thursday, November 19th will be paid a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 1.06%. The ex-dividend date of this dividend is Wednesday, November 18th. This is a boost from Microsoft’s previous quarterly dividend of $0.51. Microsoft’s payout ratio is 38.89%.
A number of research firms have issued reports on MSFT. Fundamental Research raised their price target on shares of Microsoft from $220.41 to $223.67 and gave the stock a “top pick” rating in a research report on Wednesday, October 28th. Tigress Financial reissued a “buy” rating on shares of Microsoft in a research report on Sunday, November 1st. Morgan Stanley raised their price target on shares of Microsoft from $245.00 to $249.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 28th. Mizuho raised their price target on shares of Microsoft from $240.00 to $255.00 and gave the stock a “buy” rating in a research report on Thursday, October 15th. Finally, Jefferies Financial Group set a $260.00 price target on shares of Microsoft and gave the stock a “buy” rating in a research report on Wednesday, October 28th. Three equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $230.46.
In other news, EVP Jean Philippe Courtois sold 15,014 shares of the business’s stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $213.59, for a total transaction of $3,206,840.26. Following the transaction, the executive vice president now owns 545,484 shares of the company’s stock, valued at approximately $116,509,927.56. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Amy Hood sold 80,000 shares of the business’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $218.14, for a total transaction of $17,451,200.00. Following the transaction, the chief financial officer now directly owns 452,720 shares in the company, valued at approximately $98,756,340.80. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 422,556 shares of company stock worth $93,282,154. 0.05% of the stock is currently owned by corporate insiders.
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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