Focused Investors LLC Sells 122,800 Shares of Microsoft Co. (NASDAQ:MSFT)

Focused Investors LLC lessened its position in Microsoft Co. (NASDAQ:MSFT) by 11.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 996,500 shares of the software giant’s stock after selling 122,800 shares during the period. Microsoft makes up 9.1% of Focused Investors LLC’s portfolio, making the stock its biggest position. Focused Investors LLC’s holdings in Microsoft were worth $202,798,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Selective Wealth Management Inc. grew its position in Microsoft by 26.9% in the 2nd quarter. Selective Wealth Management Inc. now owns 236 shares of the software giant’s stock valued at $48,000 after buying an additional 50 shares in the last quarter. Avondale Wealth Management grew its position in Microsoft by 25.4% in the 1st quarter. Avondale Wealth Management now owns 464 shares of the software giant’s stock valued at $73,000 after buying an additional 94 shares in the last quarter. Sofos Investments Inc. grew its position in Microsoft by 15.5% in the 1st quarter. Sofos Investments Inc. now owns 2,552 shares of the software giant’s stock valued at $81,000 after buying an additional 343 shares in the last quarter. Cypress Capital Management LLC WY grew its position in Microsoft by 14.3% in the 1st quarter. Cypress Capital Management LLC WY now owns 761 shares of the software giant’s stock valued at $120,000 after buying an additional 95 shares in the last quarter. Finally, Lake Point Wealth Management grew its position in Microsoft by 32.8% in the 1st quarter. Lake Point Wealth Management now owns 777 shares of the software giant’s stock valued at $123,000 after buying an additional 192 shares in the last quarter. 70.59% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts recently issued reports on the stock. Goldman Sachs Group set a $215.00 target price on shares of Microsoft and gave the company a “buy” rating in a research report on Monday, July 20th. BMO Capital Markets raised their price objective on shares of Microsoft from $212.00 to $235.00 and gave the company an “outperform” rating in a research report on Wednesday, July 15th. They noted that the move was a valuation call. Royal Bank of Canada restated a “buy” rating and set a $230.00 price objective (down previously from $240.00) on shares of Microsoft in a research report on Thursday, July 23rd. Wells Fargo & Co raised their price objective on shares of Microsoft from $205.00 to $250.00 and gave the company an “overweight” rating in a research report on Tuesday, June 2nd. They noted that the move was a valuation call. Finally, Piper Sandler raised their price objective on shares of Microsoft from $192.00 to $218.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. Four equities research analysts have rated the stock with a hold rating, thirty-three have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $213.23.

NASDAQ MSFT opened at $205.01 on Friday. The company has a 50 day simple moving average of $202.18 and a 200-day simple moving average of $178.77. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.52 and a quick ratio of 2.49. The firm has a market capitalization of $1,546.26 billion, a price-to-earnings ratio of 35.65, a price-to-earnings-growth ratio of 2.33 and a beta of 0.93. Microsoft Co. has a 52-week low of $130.78 and a 52-week high of $216.38.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Wednesday, July 22nd. The software giant reported $1.46 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.12. The firm had revenue of $38.03 billion for the quarter, compared to analyst estimates of $36.59 billion. Microsoft had a net margin of 30.96% and a return on equity of 39.45%. On average, analysts predict that Microsoft Co. will post 6.39 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 20th will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend is Wednesday, August 19th. Microsoft’s payout ratio is presently 35.42%.

About Microsoft

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its company's Productivity and Business Processes segment offers Office 365 commercial products and services, such as Office, Exchange, SharePoint, Skype for Business, Microsoft Teams, and related Client Access Licenses (CALs); Office 365 consumer services, including Skype, Outlook.com, and OneDrive; LinkedIn online professional network; and Dynamics business solutions comprising financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and medium businesses, large organizations, and divisions of enterprises.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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