Wharton Business Group LLC Sells 320 Shares of Microsoft Co. (NASDAQ:MSFT)

Wharton Business Group LLC decreased its holdings in Microsoft Co. (NASDAQ:MSFT) by 0.8% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,651 shares of the software giant’s stock after selling 320 shares during the period. Wharton Business Group LLC’s holdings in Microsoft were worth $5,374,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in MSFT. Nuveen Asset Management LLC raised its stake in Microsoft by 2,651.8% in the second quarter. Nuveen Asset Management LLC now owns 67,353,275 shares of the software giant’s stock valued at $9,022,645,000 after buying an additional 64,905,685 shares during the period. Thoroughbred Financial Services LLC increased its stake in shares of Microsoft by 13,479.6% during the second quarter. Thoroughbred Financial Services LLC now owns 8,726,283 shares of the software giant’s stock worth $872,628,000 after purchasing an additional 8,662,023 shares during the period. Vanguard Group Inc. increased its stake in shares of Microsoft by 1.3% during the second quarter. Vanguard Group Inc. now owns 613,005,516 shares of the software giant’s stock worth $82,118,218,000 after purchasing an additional 7,724,483 shares during the period. Edgewood Management LLC bought a new position in shares of Microsoft during the second quarter worth approximately $620,230,000. Finally, Parnassus Investments CA increased its stake in shares of Microsoft by 87.9% during the second quarter. Parnassus Investments CA now owns 8,818,322 shares of the software giant’s stock worth $1,181,303,000 after purchasing an additional 4,126,121 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

In other news, EVP Jean Philippe Courtois sold 11,779 shares of Microsoft stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $140.00, for a total value of $1,649,060.00. Following the completion of the transaction, the executive vice president now directly owns 597,727 shares of the company’s stock, valued at approximately $83,681,780. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CMO Christopher C. Capossela sold 2,500 shares of Microsoft stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $142.89, for a total value of $357,225.00. Following the completion of the transaction, the chief marketing officer now directly owns 133,944 shares of the company’s stock, valued at $19,139,258.16. The disclosure for this sale can be found here. Over the last three months, insiders sold 339,804 shares of company stock valued at $46,790,619. Corporate insiders own 1.39% of the company’s stock.

A number of equities analysts have recently weighed in on MSFT shares. Macquarie increased their target price on Microsoft from $150.00 to $160.00 and gave the stock an “outperform” rating in a research note on Friday, July 19th. Barclays set a $168.00 target price on Microsoft and gave the stock a “buy” rating in a research note on Friday, November 1st. Oppenheimer increased their target price on Microsoft from $145.00 to $160.00 and gave the stock an “outperform” rating in a research note on Friday, July 19th. Nomura set a $161.00 target price on Microsoft and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Finally, Morgan Stanley increased their target price on Microsoft from $155.00 to $157.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. One equities research analyst has rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $159.45.

Shares of MSFT stock traded up $1.70 during trading hours on Friday, reaching $145.96. The company’s stock had a trading volume of 16,732,100 shares, compared to its average volume of 25,306,443. The firm’s 50 day simple moving average is $139.85 and its 200-day simple moving average is $135.04. Microsoft Co. has a fifty-two week low of $93.96 and a fifty-two 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 has a market capitalization of $1,102.06 billion, a price-to-earnings ratio of 30.73, a PEG ratio of 2.27 and a beta of 1.23.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Wednesday, October 23rd. The software giant reported $1.38 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.24 by $0.14. Microsoft had a return on equity of 39.14% and a net margin of 31.66%. The firm had revenue of $33.06 billion during the quarter, compared to analyst estimates of $32.24 billion. During the same period last year, the company posted $1.14 EPS. The business’s quarterly revenue was up 13.7% on a year-over-year basis. Sell-side analysts predict that Microsoft Co. will post 5.35 earnings per share for the current year.

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

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

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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