Usca Ria LLC Decreases Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Usca Ria LLC cut its position in Microsoft Co. (NASDAQ:MSFT) by 1.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 117,212 shares of the software giant’s stock after selling 1,235 shares during the period. Microsoft comprises 1.8% of Usca Ria LLC’s portfolio, making the stock its 2nd largest holding. Usca Ria LLC’s holdings in Microsoft were worth $27,635,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. AE Wealth Management LLC increased its stake in shares of Microsoft by 7.1% in the first quarter. AE Wealth Management LLC now owns 483,644 shares of the software giant’s stock worth $114,029,000 after purchasing an additional 32,001 shares in the last quarter. Mosaic Family Wealth LLC increased its stake in shares of Microsoft by 1.7% in the first quarter. Mosaic Family Wealth LLC now owns 9,339 shares of the software giant’s stock worth $2,202,000 after purchasing an additional 154 shares in the last quarter. Capital Financial Planning LLC increased its stake in shares of Microsoft by 15.1% in the first quarter. Capital Financial Planning LLC now owns 11,785 shares of the software giant’s stock worth $2,779,000 after purchasing an additional 1,549 shares in the last quarter. Elk River Wealth Management LLC increased its stake in shares of Microsoft by 7.1% in the first quarter. Elk River Wealth Management LLC now owns 48,746 shares of the software giant’s stock worth $11,493,000 after purchasing an additional 3,237 shares in the last quarter. Finally, Crumly & Associates Inc. increased its stake in shares of Microsoft by 2.6% in the first quarter. Crumly & Associates Inc. now owns 4,568 shares of the software giant’s stock worth $1,077,000 after purchasing an additional 117 shares in the last quarter. 69.01% of the stock is owned by hedge funds and other institutional investors.

In related news, President Bradford L. Smith sold 8,000 shares of Microsoft stock in a transaction dated Monday, May 10th. The shares were sold at an average price of $250.27, for a total transaction of $2,002,160.00. Following the completion of the sale, the president now owns 694,584 shares in the company, valued at approximately $173,833,537.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CMO Christopher C. Capossela sold 1,500 shares of Microsoft stock in a transaction dated Wednesday, May 12th. The shares were sold at an average price of $240.00, for a total transaction of $360,000.00. Following the sale, the chief marketing officer now owns 87,703 shares of the company’s stock, valued at approximately $21,048,720. The disclosure for this sale can be found here. Insiders have sold a total of 15,586 shares of company stock valued at $3,899,849 in the last quarter. 0.05% of the stock is currently owned by company insiders.

Several equities analysts recently weighed in on the stock. Barclays raised their target price on shares of Microsoft from $269.00 to $288.00 and gave the company an “overweight” rating in a research note on Tuesday, May 4th. Cowen raised their target price on shares of Microsoft from $280.00 to $295.00 and gave the company an “outperform” rating in a research note on Wednesday, April 28th. BMO Capital Markets raised their target price on shares of Microsoft from $280.00 to $290.00 in a research note on Wednesday, April 28th. Oppenheimer raised their target price on shares of Microsoft from $260.00 to $275.00 and gave the company an “outperform” rating in a research note on Wednesday, January 27th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $340.00 target price on shares of Microsoft in a research note on Wednesday, April 28th. Two equities research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and two have given a strong buy rating to the company. Microsoft has a consensus rating of “Buy” and an average price target of $287.24.

Microsoft stock opened at $248.15 on Monday. The firm has a 50-day moving average price of $250.55 and a 200-day moving average price of $230.80. The firm has a market capitalization of $1.87 trillion, a PE ratio of 40.09, a price-to-earnings-growth ratio of 2.44 and a beta of 0.83. The company has a current ratio of 2.53, a quick ratio of 2.49 and a debt-to-equity ratio of 0.46. Microsoft Co. has a 12-month low of $176.60 and a 12-month high of $263.19.

Microsoft (NASDAQ:MSFT) last released its earnings results on Tuesday, April 27th. The software giant reported $1.95 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.76 by $0.19. Microsoft had a net margin of 32.28% and a return on equity of 40.74%. The firm had revenue of $41.71 billion during the quarter, compared to analyst estimates of $40.83 billion. During the same quarter last year, the business earned $1.40 EPS. The business’s revenue was up 19.1% on a year-over-year basis. As a group, sell-side analysts predict that Microsoft Co. will post 6.73 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 10th. Investors of record on Thursday, May 20th will be issued a dividend of $0.56 per share. The ex-dividend date of this dividend is Wednesday, May 19th. This represents a $2.24 dividend on an annualized basis and a yield of 0.90%. Microsoft’s payout ratio is 38.89%.

Microsoft Company Profile

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, as well as related Client Access Licenses (CAL); Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions 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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