Morningstar Investment Management LLC Sells 50,462 Shares of Microsoft Corporation $MSFT

Morningstar Investment Management LLC cut its holdings in Microsoft Corporation (NASDAQ:MSFTFree Report) by 30.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 112,681 shares of the software giant’s stock after selling 50,462 shares during the quarter. Microsoft accounts for 3.2% of Morningstar Investment Management LLC’s investment portfolio, making the stock its 4th biggest holding. Morningstar Investment Management LLC’s holdings in Microsoft were worth $54,494,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in MSFT. Longfellow Investment Management Co. LLC lifted its stake in Microsoft by 51.3% in the second quarter. Longfellow Investment Management Co. LLC now owns 59 shares of the software giant’s stock valued at $29,000 after buying an additional 20 shares during the period. Bernzott Capital Advisors acquired a new position in Microsoft in the fourth quarter valued at approximately $34,000. Fairway Wealth LLC lifted its stake in Microsoft by 287.0% in the fourth quarter. Fairway Wealth LLC now owns 89 shares of the software giant’s stock valued at $43,000 after buying an additional 66 shares during the period. LSV Asset Management acquired a new position in Microsoft in the fourth quarter valued at approximately $44,000. Finally, Sellwood Investment Partners LLC acquired a new position in Microsoft in the third quarter valued at approximately $49,000. 71.13% of the stock is owned by institutional investors and hedge funds.

More Microsoft News

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Insider Buying and Selling at Microsoft

In related news, EVP Amy Coleman sold 1,262 shares of the company’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $411.34, for a total transaction of $519,111.08. Following the completion of the sale, the executive vice president owned 46,003 shares in the company, valued at approximately $18,922,874.02. This represents a 2.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Judson Althoff sold 15,500 shares of the company’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $460.99, for a total value of $7,145,345.00. Following the sale, the chief executive officer owned 110,477 shares of the company’s stock, valued at $50,928,792.23. This trade represents a 12.30% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Robert W. Baird dropped their price target on Microsoft from $540.00 to $500.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 15th. BNP Paribas Exane decreased their price objective on Microsoft from $556.00 to $555.00 and set an “outperform” rating for the company in a report on Friday, May 1st. Deutsche Bank Aktiengesellschaft decreased their price objective on Microsoft from $575.00 to $550.00 and set a “buy” rating for the company in a report on Thursday, April 30th. Stifel Nicolaus boosted their price objective on Microsoft from $392.00 to $415.00 and gave the company a “hold” rating in a report on Thursday, April 30th. Finally, Piper Sandler restated an “overweight” rating on shares of Microsoft in a report on Tuesday, May 26th. Forty-one research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $561.20.

View Our Latest Stock Report on Microsoft

Microsoft Stock Performance

Shares of Microsoft stock opened at $416.67 on Monday. The stock has a fifty day simple moving average of $407.63 and a 200 day simple moving average of $431.54. Microsoft Corporation has a 12-month low of $356.28 and a 12-month high of $555.45. The company has a market capitalization of $3.10 trillion, a P/E ratio of 24.80, a price-to-earnings-growth ratio of 1.50 and a beta of 1.11. The company has a current ratio of 1.28, a quick ratio of 1.27 and a debt-to-equity ratio of 0.08.

Microsoft (NASDAQ:MSFTGet Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The software giant reported $4.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.06 by $0.21. Microsoft had a return on equity of 31.94% and a net margin of 39.34%.The business had revenue of $82.89 billion during the quarter, compared to the consensus estimate of $81.44 billion. During the same quarter in the prior year, the company posted $3.46 earnings per share. Microsoft’s revenue was up 18.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Microsoft Corporation will post 16.76 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Thursday, May 21st will be issued a dividend of $0.91 per share. The ex-dividend date is Thursday, May 21st. This represents a $3.64 annualized dividend and a yield of 0.9%. Microsoft’s dividend payout ratio is 21.67%.

Microsoft Company Profile

(Free Report)

Microsoft Corporation is a global technology company headquartered in Redmond, Washington. Founded in 1975 by Bill Gates and Paul Allen, Microsoft develops, licenses and supports a broad range of software products, services and devices for consumers, enterprises and governments worldwide. Its operations span personal computing, productivity software, cloud infrastructure, enterprise applications, developer tools and gaming.

Microsoft’s product portfolio includes the Windows operating system and the Microsoft 365 suite of productivity and collaboration tools (Office apps, Outlook, Teams).

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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