Wealth Enhancement Advisory Services LLC Sells 8,271 Shares of Microsoft Corporation (NASDAQ:MSFT)

Wealth Enhancement Advisory Services LLC lowered its stake in Microsoft Corporation (NASDAQ:MSFT) by 15.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 44,862 shares of the software giant’s stock after selling 8,271 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Microsoft Corporation were worth $2,928,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Northstar Group Inc. increased its stake in shares of Microsoft Corporation by 0.3% in the first quarter. Northstar Group Inc. now owns 3,790 shares of the software giant’s stock worth $248,000 after buying an additional 12 shares during the last quarter. Gierl Augustine Investment Management Inc increased its stake in shares of Microsoft Corporation by 0.3% in the first quarter. Gierl Augustine Investment Management Inc now owns 4,034 shares of the software giant’s stock worth $266,000 after buying an additional 13 shares during the last quarter. Vista Capital Partners Inc. increased its stake in shares of Microsoft Corporation by 0.4% in the first quarter. Vista Capital Partners Inc. now owns 9,411 shares of the software giant’s stock worth $620,000 after buying an additional 36 shares during the last quarter. Horizon Kinetics LLC increased its stake in shares of Microsoft Corporation by 0.3% in the fourth quarter. Horizon Kinetics LLC now owns 18,380 shares of the software giant’s stock worth $1,142,000 after buying an additional 50 shares during the last quarter. Finally, McQueen Ball & Associates Inc. increased its stake in shares of Microsoft Corporation by 0.6% in the first quarter. McQueen Ball & Associates Inc. now owns 8,862 shares of the software giant’s stock worth $584,000 after buying an additional 57 shares during the last quarter. Institutional investors and hedge funds own 72.87% of the company’s stock.

Shares of Microsoft Corporation (MSFT) traded up 0.73% during trading on Friday, reaching $72.68. 22,578,952 shares of the company’s stock were exchanged. The company has a 50 day moving average of $71.23 and a 200 day moving average of $67.50. The firm has a market capitalization of $560.22 billion, a P/E ratio of 26.82 and a beta of 1.01. Microsoft Corporation has a 52-week low of $55.61 and a 52-week high of $74.42.

Microsoft Corporation (NASDAQ:MSFT) last issued its quarterly earnings results on Thursday, July 20th. The software giant reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.27. Microsoft Corporation had a net margin of 23.57% and a return on equity of 36.81%. The firm had revenue of $24.70 billion during the quarter, compared to the consensus estimate of $24.29 billion. During the same period in the prior year, the firm earned $0.69 EPS. The business’s revenue was up 9.1% on a year-over-year basis. Equities analysts anticipate that Microsoft Corporation will post $3.22 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Thursday, August 17th will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date of this dividend is Tuesday, August 15th. Microsoft Corporation’s dividend payout ratio (DPR) is presently 57.78%.

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A number of brokerages recently commented on MSFT. UBS AG restated a “buy” rating and issued a $82.00 price objective (up previously from $73.00) on shares of Microsoft Corporation in a research report on Friday, July 21st. Barclays PLC restated an “overweight” rating and issued a $82.00 price objective (up previously from $77.00) on shares of Microsoft Corporation in a research report on Friday, July 21st. Canaccord Genuity lifted their price target on shares of Microsoft Corporation from $68.00 to $76.00 and gave the company a “hold” rating in a research report on Friday, July 21st. BMO Capital Markets lifted their price target on shares of Microsoft Corporation from $75.00 to $86.00 and gave the company an “outperform” rating in a research report on Friday, July 21st. Finally, Wells Fargo & Company set a $82.50 price target on shares of Microsoft Corporation and gave the company a “buy” rating in a research report on Friday, July 21st. Two analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $76.15.

In other news, insider Jean Philippe Courtois sold 26,165 shares of the firm’s stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $69.00, for a total transaction of $1,805,385.00. Following the completion of the transaction, the insider now directly owns 570,843 shares of the company’s stock, valued at approximately $39,388,167. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Christopher C. Capossela sold 4,927 shares of the firm’s stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $68.75, for a total transaction of $338,731.25. Following the transaction, the executive vice president now directly owns 214,080 shares of the company’s stock, valued at $14,718,000. The disclosure for this sale can be found here. Over the last three months, insiders sold 60,855 shares of company stock valued at $4,331,908. Insiders own 2.99% of the company’s stock.

About Microsoft Corporation

Microsoft Corporation is a technology company. The Company develops, licenses, and supports a range of software products, services and devices. The Company’s segments include Productivity and Business Processes, Intelligent Cloud and More Personal Computing. The Company’s products include operating systems; cross-device productivity applications; server applications; business solution applications; desktop and server management tools; software development tools; video games, and training and certification of computer system integrators and developers.

Institutional Ownership by Quarter for Microsoft Corporation (NASDAQ:MSFT)

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