Lenox Wealth Advisors Inc. Cuts Holdings in Microsoft Corporation (MSFT)
Lenox Wealth Advisors Inc. lowered its holdings in shares of Microsoft Corporation (NASDAQ:MSFT) by 1.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,672 shares of the software giant’s stock after selling 67 shares during the period. Microsoft Corporation comprises 0.1% of Lenox Wealth Advisors Inc.’s portfolio, making the stock its 21st largest holding. Lenox Wealth Advisors Inc.’s holdings in Microsoft Corporation were worth $253,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Hefty Wealth Partners grew its holdings in shares of Microsoft Corporation by 65.6% during the second quarter. Hefty Wealth Partners now owns 1,648 shares of the software giant’s stock worth $113,000 after buying an additional 653 shares in the last quarter. Asset Planning Services Ltd. grew its holdings in shares of Microsoft Corporation by 93.0% during the first quarter. Asset Planning Services Ltd. now owns 1,737 shares of the software giant’s stock worth $114,000 after buying an additional 837 shares in the last quarter. Ullmann Financial Group Inc. purchased a new stake in shares of Microsoft Corporation during the first quarter worth about $132,000. Arcus Capital Partners LLC purchased a new stake in shares of Microsoft Corporation during the first quarter worth about $205,000. Finally, Schneider Downs Wealth Management Advisors LP purchased a new stake in shares of Microsoft Corporation during the first quarter worth about $209,000. Institutional investors own 73.40% of the company’s stock.
MSFT has been the subject of a number of recent research reports. BidaskClub upgraded shares of Microsoft Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, July 11th. Royal Bank Of Canada set a $77.00 price target on shares of Microsoft Corporation and gave the stock a “buy” rating in a report on Monday, July 10th. Stifel Nicolaus reiterated a “buy” rating and set a $73.00 price target on shares of Microsoft Corporation in a report on Sunday, July 9th. Morningstar, Inc. reiterated a “buy” rating on shares of Microsoft Corporation in a report on Wednesday, June 28th. Finally, Cleveland Research initiated coverage on shares of Microsoft Corporation in a report on Thursday, June 22nd. They set a “buy” rating and a $80.00 price target for the company. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and thirty have assigned a buy rating to the company’s stock. Microsoft Corporation currently has a consensus rating of “Buy” and a consensus price target of $76.72.
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In other news, insider Jean Philippe Courtois sold 26,763 shares of the firm’s stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $74.00, for a total value of $1,980,462.00. Following the completion of the sale, the insider now directly owns 544,080 shares in the company, valued at $40,261,920. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Amy Hood sold 55,000 shares of the firm’s stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $72.71, for a total value of $3,999,050.00. Following the completion of the sale, the chief financial officer now owns 510,217 shares of the company’s stock, valued at $37,097,878.07. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,108,526 shares of company stock valued at $515,879,974. Company insiders own 2.99% of the company’s stock.
Microsoft Corporation (NASDAQ:MSFT) traded up 0.27% during trading on Friday, hitting $74.41. 14,111,365 shares of the stock traded hands. Microsoft Corporation has a one year low of $56.32 and a one year high of $75.97. The company has a 50-day moving average price of $73.41 and a 200 day moving average price of $69.80. The stock has a market cap of $573.12 billion, a PE ratio of 27.46 and a beta of 1.00.
Microsoft Corporation (NASDAQ:MSFT) last issued its quarterly earnings data on Thursday, July 20th. The software giant reported $0.98 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.27. The company had revenue of $24.70 billion during the quarter, compared to analysts’ expectations of $24.29 billion. Microsoft Corporation had a return on equity of 36.81% and a net margin of 23.57%. The business’s revenue was up 9.1% on a year-over-year basis. During the same period last year, the business earned $0.69 earnings per share. Analysts expect that Microsoft Corporation will post $3.18 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 16th will be issued a dividend of $0.42 per share. The ex-dividend date is Wednesday, November 15th. This is a boost from Microsoft Corporation’s previous quarterly dividend of $0.39. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.26%. Microsoft Corporation’s dividend payout ratio (DPR) is presently 57.78%.
Microsoft Corporation Company Profile
Microsoft Corporation is a technology company. The Company develops, licenses, and supports a range of software products, services and devices. The Company’s segments include Productivity and Business Processes, Intelligent Cloud and More Personal Computing. The Company’s products include operating systems; cross-device productivity applications; server applications; business solution applications; desktop and server management tools; software development tools; video games, and training and certification of computer system integrators and developers.
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