Connecticut Wealth Management LLC Cuts Holdings in Microsoft Co. (MSFT)

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Connecticut Wealth Management LLC reduced its position in shares of Microsoft Co. (NASDAQ:MSFT) by 4.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,031 shares of the software giant’s stock after selling 390 shares during the period. Connecticut Wealth Management LLC’s holdings in Microsoft were worth $816,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Pachira Investments Inc. lifted its holdings in Microsoft by 4.4% in the fourth quarter. Pachira Investments Inc. now owns 2,297 shares of the software giant’s stock valued at $233,000 after acquiring an additional 97 shares during the last quarter. Shine Investment Advisory Services Inc. lifted its holdings in Microsoft by 1.0% in the fourth quarter. Shine Investment Advisory Services Inc. now owns 10,004 shares of the software giant’s stock valued at $1,016,000 after acquiring an additional 99 shares during the last quarter. Northwest Quadrant Wealth Management LLC lifted its holdings in Microsoft by 2.7% in the third quarter. Northwest Quadrant Wealth Management LLC now owns 3,847 shares of the software giant’s stock valued at $430,000 after acquiring an additional 102 shares during the last quarter. Conservest Capital Advisors Inc. lifted its stake in Microsoft by 5.2% during the fourth quarter. Conservest Capital Advisors Inc. now owns 2,082 shares of the software giant’s stock worth $211,000 after purchasing an additional 102 shares in the last quarter. Finally, Brand Asset Management Group Inc. lifted its stake in Microsoft by 2.7% during the fourth quarter. Brand Asset Management Group Inc. now owns 4,084 shares of the software giant’s stock worth $415,000 after purchasing an additional 107 shares in the last quarter. Institutional investors and hedge funds own 73.14% of the company’s stock.

A number of research analysts have commented on the company. UBS Group upped their price target on Microsoft from $125.00 to $150.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. Bank of America upped their price target on Microsoft from $150.00 to $155.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. Argus upped their price target on Microsoft to $145.00 and gave the stock a “buy” rating in a research note on Monday, April 29th. Morgan Stanley upped their price target on Microsoft from $140.00 to $145.00 and gave the stock an “overweight” rating in a research note on Thursday, April 25th. Finally, Barclays upped their price target on Microsoft from $132.00 to $152.00 and gave the stock an “overweight” rating in a research note on Thursday, April 25th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-five have given a buy rating and three have issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $135.75.

Shares of NASDAQ MSFT opened at $128.07 on Monday. The firm has a market capitalization of $986.11 billion, a PE ratio of 33.01, a P/E/G ratio of 2.25 and a beta of 1.24. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.93 and a current ratio of 2.97. Microsoft Co. has a 12-month low of $93.96 and a 12-month high of $131.37.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, April 24th. The software giant reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.14. The business had revenue of $30.57 billion for the quarter, compared to analysts’ expectations of $29.86 billion. Microsoft had a return on equity of 39.34% and a net margin of 28.58%. The company’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same period last year, the firm earned $0.95 earnings per share. As a group, analysts anticipate that Microsoft Co. will post 4.58 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Wednesday, May 15th will be paid a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend is Wednesday, May 15th. Microsoft’s payout ratio is currently 47.42%.

In other news, President Bradford L. Smith sold 192,300 shares of the stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $130.34, for a total value of $25,064,382.00. Following the sale, the president now directly owns 754,442 shares in the company, valued at $98,333,970.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Christopher C. Capossela sold 3,000 shares of the stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $128.87, for a total value of $386,610.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 238,354 shares of company stock worth $30,340,221. Insiders own 1.38% of the company’s stock.

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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, 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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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