Manitou Investment Management Ltd. trimmed its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 16.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 169,185 shares of the software giant’s stock after selling 33,645 shares during the period. Microsoft comprises approximately 8.9% of Manitou Investment Management Ltd.’s investment portfolio, making the stock its 2nd largest holding. Manitou Investment Management Ltd.’s holdings in Microsoft were worth $34,431,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in MSFT. Selective Wealth Management Inc. raised its stake in shares of Microsoft by 26.9% during the 2nd quarter. Selective Wealth Management Inc. now owns 236 shares of the software giant’s stock worth $48,000 after purchasing an additional 50 shares during the period. Avondale Wealth Management raised its stake in shares of Microsoft by 25.4% during the 1st quarter. Avondale Wealth Management now owns 464 shares of the software giant’s stock worth $73,000 after purchasing an additional 94 shares during the period. Sofos Investments Inc. raised its stake in shares of Microsoft by 15.5% during the 1st quarter. Sofos Investments Inc. now owns 2,552 shares of the software giant’s stock worth $81,000 after purchasing an additional 343 shares during the period. Cypress Capital Management LLC WY raised its stake in shares of Microsoft by 14.3% during the 1st quarter. Cypress Capital Management LLC WY now owns 761 shares of the software giant’s stock worth $120,000 after purchasing an additional 95 shares during the period. Finally, Lake Point Wealth Management raised its stake in shares of Microsoft by 32.8% during the 1st quarter. Lake Point Wealth Management now owns 777 shares of the software giant’s stock worth $123,000 after purchasing an additional 192 shares during the period. Institutional investors own 70.59% of the company’s stock.
A number of equities research analysts recently issued reports on the company. Barclays boosted their price objective on Microsoft from $204.00 to $234.00 and gave the company an “overweight” rating in a research note on Monday, July 20th. Cowen restated an “outperform” rating and issued a $190.00 price objective (down from $200.00) on shares of Microsoft in a research note on Friday, April 17th. DZ Bank restated a “buy” rating on shares of Microsoft in a research note on Thursday, July 23rd. Sanford C. Bernstein restated a “buy” rating and issued a $233.00 price objective on shares of Microsoft in a research note on Thursday, July 23rd. Finally, Wedbush boosted their price objective on Microsoft from $220.00 to $260.00 and gave the company an “outperform” rating in a research note on Thursday, July 9th. Four equities research analysts have rated the stock with a hold rating, thirty-three have assigned a buy rating and one has issued a strong buy rating to the company. Microsoft currently has an average rating of “Buy” and an average target price of $213.23.
Shares of NASDAQ MSFT opened at $205.01 on Friday. The firm has a market capitalization of $1,546.26 billion, a price-to-earnings ratio of 35.65, a PEG ratio of 2.33 and a beta of 0.93. The business has a 50-day moving average of $202.18 and a 200-day moving average of $178.77. The company has a current ratio of 2.52, a quick ratio of 2.49 and a debt-to-equity ratio of 0.57. Microsoft Co. has a 12 month low of $130.78 and a 12 month high of $216.38.
Microsoft (NASDAQ:MSFT) last issued its earnings results on Wednesday, July 22nd. The software giant reported $1.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.34 by $0.12. The business had revenue of $38.03 billion during the quarter, compared to analyst estimates of $36.59 billion. Microsoft had a return on equity of 39.45% and a net margin of 30.96%. On average, analysts predict that Microsoft Co. will post 6.39 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 20th will be issued a $0.51 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $2.04 dividend on an annualized basis and a yield of 1.00%. Microsoft’s dividend payout ratio (DPR) is 35.42%.
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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