Edgemoor Investment Advisors Inc. Lowers Stake in Microsoft Co. (MSFT)

Share on StockTwits

Edgemoor Investment Advisors Inc. cut its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 0.3% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 415,022 shares of the software giant’s stock after selling 1,059 shares during the quarter. Microsoft accounts for about 5.0% of Edgemoor Investment Advisors Inc.’s portfolio, making the stock its 2nd largest position. Edgemoor Investment Advisors Inc.’s holdings in Microsoft were worth $37,879,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the company. Quadrant Private Wealth Management LLC increased its holdings in shares of Microsoft by 13.5% during the first quarter. Quadrant Private Wealth Management LLC now owns 10,100 shares of the software giant’s stock worth $922,000 after buying an additional 1,203 shares in the last quarter. Roundview Capital LLC increased its holdings in shares of Microsoft by 1.2% during the first quarter. Roundview Capital LLC now owns 87,424 shares of the software giant’s stock worth $7,979,000 after buying an additional 1,005 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Microsoft by 2.1% during the first quarter. Principal Financial Group Inc. now owns 16,594,679 shares of the software giant’s stock worth $1,514,597,000 after buying an additional 338,571 shares in the last quarter. Skye Global Management LP increased its holdings in shares of Microsoft by 174.8% during the first quarter. Skye Global Management LP now owns 1,998,900 shares of the software giant’s stock worth $182,440,000 after buying an additional 1,271,400 shares in the last quarter. Finally, Knights of Columbus Asset Advisors LLC increased its holdings in shares of Microsoft by 48.4% during the first quarter. Knights of Columbus Asset Advisors LLC now owns 92,000 shares of the software giant’s stock worth $8,397,000 after buying an additional 30,000 shares in the last quarter. Institutional investors own 71.84% of the company’s stock.

In other news, EVP Kathleen T. Hogan sold 40,000 shares of the company’s stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $111.31, for a total transaction of $4,452,400.00. Following the transaction, the executive vice president now owns 339,972 shares in the company, valued at $37,842,283.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Amy Hood sold 118,000 shares of the company’s stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $110.90, for a total transaction of $13,086,200.00. Following the transaction, the chief financial officer now owns 669,327 shares in the company, valued at approximately $74,228,364.30. The disclosure for this sale can be found here. Insiders have sold 590,880 shares of company stock worth $64,833,269 in the last ninety days. Insiders own 1.49% of the company’s stock.

Several analysts recently weighed in on the stock. Royal Bank of Canada reissued a “buy” rating and issued a $124.00 price objective on shares of Microsoft in a research note on Monday. BidaskClub raised shares of Microsoft from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 31st. Morgan Stanley reissued a “buy” rating and issued a $130.00 price objective on shares of Microsoft in a research note on Tuesday, August 28th. Credit Suisse Group set a $125.00 price objective on shares of Microsoft and gave the stock a “buy” rating in a research note on Monday, August 27th. Finally, Oppenheimer reissued a “buy” rating and issued a $120.00 price objective on shares of Microsoft in a research note on Monday, August 20th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty have given a buy rating and two have assigned a strong buy rating to the company. Microsoft currently has a consensus rating of “Buy” and a consensus target price of $119.39.

Shares of MSFT opened at $108.74 on Friday. The company has a current ratio of 2.90, a quick ratio of 2.86 and a debt-to-equity ratio of 0.94. The firm has a market cap of $864.92 billion, a price-to-earnings ratio of 28.03, a PEG ratio of 2.15 and a beta of 1.26. Microsoft Co. has a 12 month low of $72.92 and a 12 month high of $112.78.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Thursday, July 19th. The software giant reported $1.13 EPS for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.05. The business had revenue of $30.09 billion for the quarter, compared to analysts’ expectations of $29.23 billion. Microsoft had a net margin of 15.02% and a return on equity of 36.69%. The business’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.75 earnings per share. sell-side analysts predict that Microsoft Co. will post 4.25 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 13th. Shareholders of record on Thursday, August 16th will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Wednesday, August 15th. This represents a $1.68 dividend on an annualized basis and a yield of 1.54%. Microsoft’s dividend payout ratio (DPR) is currently 43.30%.

About Microsoft

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates through Productivity and Business Processes, Intelligent Cloud, and More Personal Computing segments. The 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 Story: How to Track your Portfolio in Google Finance

Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Co. (NASDAQ:MSFT).

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

Receive News & Ratings for Microsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply