AAF Wealth Management LLC Sells 54 Shares of Microsoft Co. (NASDAQ:MSFT)

AAF Wealth Management LLC cut its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 4.2% in the second quarter, HoldingsChannel reports. The fund owned 1,247 shares of the software giant’s stock after selling 54 shares during the period. Microsoft makes up approximately 0.3% of AAF Wealth Management LLC’s holdings, making the stock its 19th largest holding. AAF Wealth Management LLC’s holdings in Microsoft were worth $338,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Danda Trouve Investment Management Inc. boosted its stake in Microsoft by 63.8% in the 2nd quarter. Danda Trouve Investment Management Inc. now owns 131 shares of the software giant’s stock worth $35,000 after purchasing an additional 51 shares during the period. Paradigm Strategies in Wealth Management LLC bought a new position in shares of Microsoft during the 1st quarter valued at approximately $67,000. Newfound Research LLC boosted its position in shares of Microsoft by 77.8% during the 1st quarter. Newfound Research LLC now owns 336 shares of the software giant’s stock valued at $79,000 after acquiring an additional 147 shares during the last quarter. Litman Gregory Asset Management LLC boosted its position in shares of Microsoft by 2,000.0% during the 2nd quarter. Litman Gregory Asset Management LLC now owns 924 shares of the software giant’s stock valued at $92,000 after acquiring an additional 880 shares during the last quarter. Finally, Strategic Point Investment Advisors LLC bought a new position in shares of Microsoft during the 2nd quarter valued at approximately $109,000. Institutional investors own 69.17% of the company’s stock.

In other Microsoft news, CEO Satya Nadella sold 75,573 shares of the company’s stock in a transaction dated Wednesday, September 1st. The stock was sold at an average price of $303.28, for a total transaction of $22,919,779.44. Following the sale, the chief executive officer now owns 1,632,350 shares in the company, valued at approximately $495,059,108. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CMO Christopher C. Capossela sold 10,000 shares of the company’s stock in a transaction dated Friday, September 10th. The stock was sold at an average price of $298.82, for a total value of $2,988,200.00. The disclosure for this sale can be found here. Insiders sold 165,573 shares of company stock worth $50,066,379 in the last 90 days. Company insiders own 0.05% of the company’s stock.

NASDAQ MSFT opened at $299.79 on Wednesday. The stock’s fifty day moving average is $291.10 and its two-hundred day moving average is $264.36. The firm has a market capitalization of $2.25 trillion, a P/E ratio of 37.24, a price-to-earnings-growth ratio of 3.10 and a beta of 0.78. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.05 and a current ratio of 2.08. Microsoft Co. has a fifty-two week low of $196.25 and a fifty-two week high of $305.84.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Monday, July 26th. The software giant reported $2.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.92 by $0.25. Microsoft had a return on equity of 45.76% and a net margin of 36.45%. The company had revenue of $46.15 billion for the quarter, compared to analyst estimates of $44.30 billion. During the same quarter in the previous year, the company posted $1.46 earnings per share. The firm’s revenue for the quarter was up 21.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Microsoft Co. will post 8.61 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 9th. Shareholders of record on Thursday, November 18th will be given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 0.83%. This is an increase from Microsoft’s previous quarterly dividend of $0.56. Microsoft’s payout ratio is currently 28.11%.

Several analysts recently weighed in on MSFT shares. Sanford C. Bernstein increased their price target on Microsoft from $298.00 to $333.00 and gave the company an “outperform” rating in a report on Wednesday, July 28th. Piper Sandler increased their target price on Microsoft from $305.00 to $310.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 28th. Wolfe Research increased their target price on Microsoft from $290.00 to $315.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 28th. Citigroup increased their target price on Microsoft from $378.00 to $411.00 and gave the stock a “buy” rating in a research note on Wednesday, July 28th. Finally, Cowen increased their target price on Microsoft from $310.00 to $320.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 28th. Two analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Microsoft presently has a consensus rating of “Buy” and a consensus price target of $322.93.

Microsoft Profile

Microsoft Corp. engages in the development and support of software, services, devices, and solutions. It operates through the following business segments: Productivity and Business Processes; Intelligent Cloud; and More Personal Computing. The Productivity and Business Processes segment comprises products and services in the portfolio of productivity, communication, and information services of the company spanning a variety of devices and platform.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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