Atlas Private Wealth Management Cuts Position in Microsoft Co. (NASDAQ:MSFT)

Atlas Private Wealth Management trimmed its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 22.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,547 shares of the software giant’s stock after selling 1,034 shares during the quarter. Atlas Private Wealth Management’s holdings in Microsoft were worth $836,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in MSFT. Resolute Partners Group purchased a new position in Microsoft during the 4th quarter worth $26,000. Paradigm Strategies in Wealth Management LLC purchased a new position in Microsoft during the 1st quarter worth $67,000. Luken Investment Analytics LLC purchased a new position in Microsoft during the 4th quarter worth $70,000. Newfound Research LLC lifted its position in Microsoft by 77.8% during the 1st quarter. Newfound Research LLC now owns 336 shares of the software giant’s stock worth $79,000 after acquiring an additional 147 shares during the period. Finally, Carolina Wealth Advisors LLC lifted its position in Microsoft by 19.2% during the 1st quarter. Carolina Wealth Advisors LLC now owns 373 shares of the software giant’s stock worth $88,000 after acquiring an additional 60 shares during the period. Hedge funds and other institutional investors own 69.38% of the company’s stock.

In related news, President Bradford L. Smith sold 8,000 shares of the company’s stock in a transaction that occurred on Monday, May 10th. The stock was sold at an average price of $250.27, for a total value of $2,002,160.00. Following the transaction, the president now directly owns 694,584 shares in the company, valued at $173,833,537.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CMO Christopher C. Capossela sold 6,086 shares of the company’s stock in a transaction that occurred on Friday, May 7th. The shares were sold at an average price of $252.66, for a total value of $1,537,688.76. Following the completion of the transaction, the chief marketing officer now owns 92,119 shares in the company, valued at $23,274,786.54. The disclosure for this sale can be found here. Insiders sold 15,586 shares of company stock worth $3,899,849 over the last quarter. 0.05% of the stock is currently owned by insiders.

MSFT has been the subject of a number of research reports. Morgan Stanley reaffirmed a “buy” rating and set a $300.00 price target on shares of Microsoft in a research report on Wednesday, May 26th. KeyCorp lifted their price target on Microsoft from $280.00 to $295.00 and gave the stock an “overweight” rating in a research report on Monday, April 26th. Cowen lifted their price target on Microsoft from $280.00 to $295.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 28th. Rosenblatt Securities assumed coverage on Microsoft in a research report on Wednesday, May 12th. They set a “buy” rating and a $301.00 price target for the company. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $290.00 price objective on shares of Microsoft in a report on Wednesday, April 28th. Two equities research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and two have issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $290.70.

MSFT stock opened at $257.24 on Friday. The company has a quick ratio of 2.26, a current ratio of 2.29 and a debt-to-equity ratio of 0.37. The firm has a 50 day moving average of $251.46. The stock has a market capitalization of $1.94 trillion, a price-to-earnings ratio of 35.05, a PEG ratio of 2.54 and a beta of 0.79. Microsoft Co. has a 1 year low of $184.01 and a 1 year high of $263.19.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Tuesday, April 27th. The software giant reported $1.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.76 by $0.19. The business had revenue of $41.71 billion during the quarter, compared to analyst estimates of $40.83 billion. Microsoft had a return on equity of 43.75% and a net margin of 35.02%. The business’s revenue was up 19.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.40 earnings per share. Equities research analysts forecast that Microsoft Co. will post 7.71 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, June 10th. Stockholders of record on Thursday, May 20th were given a $0.56 dividend. The ex-dividend date was Wednesday, May 19th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 0.87%. Microsoft’s dividend payout ratio (DPR) is presently 38.89%.

Microsoft Company Profile

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, OneDrive, and LinkedIn; 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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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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