Bridgeworth LLC Trims Stock Position in Microsoft Co. (NASDAQ:MSFT)

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Bridgeworth LLC trimmed its position in shares of Microsoft Co. (NASDAQ:MSFT) by 1.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,048 shares of the software giant’s stock after selling 98 shares during the period. Bridgeworth LLC’s holdings in Microsoft were worth $980,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in MSFT. New England Private Wealth Advisors LLC boosted its position in Microsoft by 0.7% during the 2nd quarter. New England Private Wealth Advisors LLC now owns 10,520 shares of the software giant’s stock valued at $1,408,000 after acquiring an additional 72 shares in the last quarter. Orgel Wealth Management LLC boosted its position in Microsoft by 1.2% during the 2nd quarter. Orgel Wealth Management LLC now owns 6,492 shares of the software giant’s stock valued at $870,000 after acquiring an additional 74 shares in the last quarter. Planning Directions Inc. boosted its position in Microsoft by 3.2% during the 2nd quarter. Planning Directions Inc. now owns 2,418 shares of the software giant’s stock valued at $324,000 after acquiring an additional 74 shares in the last quarter. Addison Capital Co boosted its position in Microsoft by 0.6% during the 3rd quarter. Addison Capital Co now owns 13,332 shares of the software giant’s stock valued at $1,854,000 after acquiring an additional 74 shares in the last quarter. Finally, Weybosset Research & Management LLC boosted its position in Microsoft by 2.1% during the 2nd quarter. Weybosset Research & Management LLC now owns 3,625 shares of the software giant’s stock valued at $486,000 after acquiring an additional 75 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

MSFT traded up $1.70 during mid-day trading on Friday, reaching $145.96. 16,732,100 shares of the company traded hands, compared to its average volume of 25,306,443. The stock has a market capitalization of $1,102.06 billion, a P/E ratio of 30.73, a P/E/G ratio of 2.27 and a beta of 1.23. Microsoft Co. has a 52-week low of $93.96 and a 52-week high of $145.99. The company has a quick ratio of 2.81, a current ratio of 2.85 and a debt-to-equity ratio of 0.69. The company’s fifty day moving average price is $139.85 and its 200-day moving average price is $135.04.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Wednesday, October 23rd. The software giant reported $1.38 EPS for the quarter, topping the consensus estimate of $1.24 by $0.14. The business had revenue of $33.06 billion for the quarter, compared to analysts’ expectations of $32.24 billion. Microsoft had a net margin of 31.66% and a return on equity of 39.14%. The business’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.14 EPS. As a group, sell-side analysts forecast that Microsoft Co. will post 5.35 earnings per share for the current fiscal year.

Microsoft announced that its board has authorized a share buyback program on Wednesday, September 18th that permits the company to repurchase $40.00 billion in outstanding shares. This repurchase authorization permits the software giant to purchase up to 3.8% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.40%. This is a boost from Microsoft’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Wednesday, November 20th. Microsoft’s dividend payout ratio is currently 38.74%.

In other news, CMO Christopher C. Capossela sold 7,000 shares of the company’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $138.15, for a total transaction of $967,050.00. Following the sale, the chief marketing officer now directly owns 122,817 shares in the company, valued at approximately $16,967,168.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Amy Hood sold 123,769 shares of the company’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $137.26, for a total transaction of $16,988,532.94. Following the sale, the chief financial officer now owns 433,940 shares in the company, valued at $59,562,604.40. The disclosure for this sale can be found here. Insiders have sold a total of 339,804 shares of company stock worth $46,790,619 over the last 90 days. Corporate insiders own 1.39% of the company’s stock.

Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. reiterated a “buy” rating and set a $169.00 target price on shares of Microsoft in a report on Thursday, October 24th. Sanford C. Bernstein reiterated a “buy” rating and set a $167.00 target price on shares of Microsoft in a report on Monday, October 28th. Zacks Investment Research upgraded shares of Microsoft from a “hold” rating to a “buy” rating and set a $147.00 target price for the company in a report on Friday, October 25th. Mizuho lifted their target price on shares of Microsoft from $152.00 to $160.00 and gave the company a “buy” rating in a report on Monday, October 28th. Finally, BMO Capital Markets lifted their target price on shares of Microsoft from $160.00 to $165.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. One analyst has rated the stock with a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $159.45.

About Microsoft

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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