Microsoft Co. (MSFT) Position Reduced by Baugh & Associates LLC

Baugh & Associates LLC cut its holdings in Microsoft Co. (NASDAQ:MSFT) by 11.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 52,100 shares of the software giant’s stock after selling 6,734 shares during the quarter. Microsoft comprises approximately 4.5% of Baugh & Associates LLC’s portfolio, making the stock its largest holding. Baugh & Associates LLC’s holdings in Microsoft were worth $5,138,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Community Bank of Raymore boosted its holdings in shares of Microsoft by 21.4% in the second quarter. Community Bank of Raymore now owns 2,812 shares of the software giant’s stock valued at $277,000 after acquiring an additional 495 shares in the last quarter. Narwhal Capital Management boosted its holdings in shares of Microsoft by 0.4% in the second quarter. Narwhal Capital Management now owns 121,380 shares of the software giant’s stock valued at $11,969,000 after acquiring an additional 495 shares in the last quarter. Adirondack Trust Co. boosted its holdings in shares of Microsoft by 1.8% in the second quarter. Adirondack Trust Co. now owns 27,321 shares of the software giant’s stock valued at $2,694,000 after acquiring an additional 495 shares in the last quarter. Trust Department MB Financial Bank N A boosted its holdings in shares of Microsoft by 1.9% in the second quarter. Trust Department MB Financial Bank N A now owns 26,621 shares of the software giant’s stock valued at $2,625,000 after acquiring an additional 500 shares in the last quarter. Finally, Live Your Vision LLC boosted its holdings in shares of Microsoft by 58.7% in the second quarter. Live Your Vision LLC now owns 1,376 shares of the software giant’s stock valued at $140,000 after acquiring an additional 509 shares in the last quarter. Institutional investors own 71.85% of the company’s stock.

Shares of NASDAQ MSFT opened at $111.75 on Friday. Microsoft Co. has a 12-month low of $80.70 and a 12-month high of $116.18. The stock has a market capitalization of $829.42 billion, a price-to-earnings ratio of 28.80, a price-to-earnings-growth ratio of 1.97 and a beta of 1.26. The company has a current ratio of 2.92, a quick ratio of 2.85 and a debt-to-equity ratio of 0.88.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Wednesday, October 24th. The software giant reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.18. Microsoft had a net margin of 16.38% and a return on equity of 39.86%. The company had revenue of $29.08 billion for the quarter, compared to the consensus estimate of $27.92 billion. During the same quarter in the prior year, the firm earned $0.84 earnings per share. The company’s revenue for the quarter was up 18.5% compared to the same quarter last year. On average, equities analysts predict that Microsoft Co. will post 4.39 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 13th. Shareholders of record on Thursday, November 15th will be issued a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 1.65%. The ex-dividend date of this dividend is Wednesday, November 14th. This is an increase from Microsoft’s previous quarterly dividend of $0.42. Microsoft’s dividend payout ratio is 43.30%.

MSFT has been the topic of several analyst reports. Barclays lifted their target price on shares of Microsoft from $117.00 to $120.00 and gave the company a “buy” rating in a report on Friday, September 7th. Oppenheimer set a $127.00 target price on shares of Microsoft and gave the company a “buy” rating in a report on Monday, October 1st. Credit Suisse Group set a $125.00 price objective on shares of Microsoft and gave the stock a “buy” rating in a report on Tuesday, October 2nd. Wells Fargo & Co reissued a “buy” rating and set a $130.00 price objective on shares of Microsoft in a report on Thursday, September 27th. Finally, Nomura set a $115.00 price objective on shares of Microsoft and gave the stock a “buy” rating in a report on Thursday, October 25th. One analyst has rated the stock with a sell rating, two have issued a hold rating, thirty-three have given a buy rating and two have given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $121.88.

In other Microsoft news, CFO Amy Hood sold 118,000 shares of the company’s stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $110.90, for a total value of $13,086,200.00. Following the sale, the chief financial officer now owns 669,327 shares of the company’s stock, valued at $74,228,364.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CMO Christopher C. Capossela sold 35,825 shares of the company’s stock in a transaction dated Friday, September 7th. The shares were sold at an average price of $108.38, for a total transaction of $3,882,713.50. Following the completion of the sale, the chief marketing officer now directly owns 190,570 shares in the company, valued at approximately $20,653,976.60. The disclosure for this sale can be found here. Insiders sold 442,580 shares of company stock worth $48,039,173 in the last ninety days. Insiders own 1.49% of the company’s stock.

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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 for businesses, 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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