Microsoft Co. (MSFT) Holdings Cut by Evermay Wealth Management LLC

Evermay Wealth Management LLC trimmed its position in shares of Microsoft Co. (NASDAQ:MSFT) by 3.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,928 shares of the software giant’s stock after selling 595 shares during the period. Microsoft makes up 0.6% of Evermay Wealth Management LLC’s portfolio, making the stock its 23rd biggest holding. Evermay Wealth Management LLC’s holdings in Microsoft were worth $1,822,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Woodard & Co. Asset Management Group Inc. ADV raised its position in shares of Microsoft by 90.5% during the third quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 1,048 shares of the software giant’s stock valued at $119,000 after buying an additional 498 shares during the last quarter. Peak Capital Management LLC acquired a new position in shares of Microsoft during the second quarter valued at about $107,000. Quattro Financial Advisors LLC acquired a new position in shares of Microsoft during the third quarter valued at about $132,000. WP Advisors LLC acquired a new position in shares of Microsoft during the second quarter valued at about $131,000. Finally, LFA Lugano Financial Advisors SA acquired a new position in shares of Microsoft during the second quarter valued at about $139,000. Institutional investors own 73.81% of the company’s stock.

In other news, CMO Christopher C. Capossela sold 10,000 shares of the stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $111.77, for a total transaction of $1,117,700.00. Following the sale, the chief marketing officer now directly owns 177,931 shares of the company’s stock, valued at $19,887,347.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Satya Nadella sold 267,466 shares of the stock in a transaction that occurred on Wednesday, February 6th. The shares were sold at an average price of $106.01, for a total transaction of $28,354,070.66. Following the sale, the chief executive officer now directly owns 1,746,854 shares in the company, valued at $185,183,992.54. The disclosure for this sale can be found here. Insiders have sold 285,466 shares of company stock worth $30,325,771 over the last three months. 1.38% of the stock is owned by insiders.

NASDAQ MSFT opened at $106.89 on Wednesday. The company has a market cap of $810.40 billion, a PE ratio of 27.55, a PEG ratio of 1.94 and a beta of 1.17. The company has a debt-to-equity ratio of 0.82, a current ratio of 3.12 and a quick ratio of 3.08. Microsoft Co. has a 1-year low of $87.08 and a 1-year high of $116.18.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Wednesday, January 30th. The software giant reported $1.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.09 by $0.01. The company had revenue of $32.47 billion during the quarter, compared to analyst estimates of $32.53 billion. Microsoft had a net margin of 28.31% and a return on equity of 39.52%. The company’s revenue was up 12.3% on a year-over-year basis. During the same quarter last year, the business posted $0.96 earnings per share. Equities analysts predict that Microsoft Co. will post 4.41 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 14th. Stockholders of record on Thursday, February 21st will be paid a dividend of $0.46 per share. The ex-dividend date of this dividend is Wednesday, February 20th. This represents a $1.84 annualized dividend and a dividend yield of 1.72%. Microsoft’s dividend payout ratio (DPR) is currently 47.42%.

Several research firms recently issued reports on MSFT. Credit Suisse Group reissued a “buy” rating and issued a $125.00 price target on shares of Microsoft in a research report on Monday, December 3rd. Wedbush reissued an “outperform” rating and issued a $140.00 price target on shares of Microsoft in a research report on Thursday, November 29th. Oppenheimer set a $127.00 price target on shares of Microsoft and gave the stock a “buy” rating in a research report on Friday, October 19th. reissued a “buy” rating and issued a $127.00 price target on shares of Microsoft in a research report on Tuesday, October 23rd. Finally, Bank of America increased their price target on shares of Microsoft from $134.00 to $135.00 and gave the stock a “buy” rating in a research report on Monday, October 22nd. One analyst has rated the stock with a sell rating, two have issued a hold rating, thirty-one have issued a buy rating and two have issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $122.11.

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Microsoft Company Profile

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 for businesses, 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.

Featured Article: How are Outstanding Shares Different from Authorized Shares?

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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