TCI Wealth Advisors Inc. Sells 924 Shares of Microsoft Co. (MSFT)

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TCI Wealth Advisors Inc. lessened its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 2.0% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 45,623 shares of the software giant’s stock after selling 924 shares during the period. Microsoft accounts for approximately 1.9% of TCI Wealth Advisors Inc.’s portfolio, making the stock its 9th biggest position. TCI Wealth Advisors Inc.’s holdings in Microsoft were worth $4,164,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Microsoft during the 4th quarter worth about $103,000. Cerebellum GP LLC acquired a new stake in shares of Microsoft during the 4th quarter worth about $134,000. Family Capital Trust Co acquired a new stake in shares of Microsoft during the 4th quarter worth about $188,000. CFO4Life Group LLC acquired a new stake in shares of Microsoft during the 3rd quarter worth about $201,000. Finally, AlphaStar Capital Management LLC acquired a new stake in shares of Microsoft during the 4th quarter worth about $204,000. Institutional investors and hedge funds own 72.32% of the company’s stock.

MSFT has been the subject of several research reports. Zacks Investment Research downgraded Microsoft from a “buy” rating to a “hold” rating in a research report on Tuesday, March 6th. Credit Suisse Group set a $115.00 target price on Microsoft and gave the company a “buy” rating in a research report on Tuesday, April 24th. UBS Group set a $114.00 target price on Microsoft and gave the company a “buy” rating in a research report on Friday, April 27th. BidaskClub downgraded Microsoft from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 26th. Finally, KeyCorp reaffirmed a “buy” rating and issued a $110.00 target price on shares of Microsoft in a research report on Friday, April 27th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $105.49.

In other Microsoft news, Director Sandra E. Peterson bought 5,400 shares of the firm’s stock in a transaction that occurred on Tuesday, June 5th. The stock was purchased at an average price of $101.96 per share, for a total transaction of $550,584.00. Following the completion of the purchase, the director now directly owns 5,400 shares in the company, valued at $550,584. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Christopher C. Capossela sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, June 7th. The stock was sold at an average price of $100.99, for a total value of $1,009,900.00. Following the sale, the executive vice president now owns 158,601 shares of the company’s stock, valued at approximately $16,017,114.99. The disclosure for this sale can be found here. 1.49% of the stock is owned by insiders.

Shares of Microsoft stock opened at $100.01 on Tuesday. The stock has a market cap of $759.28 billion, a PE ratio of 26.44, a P/E/G ratio of 2.15 and a beta of 1.04. Microsoft Co. has a one year low of $68.02 and a one year high of $102.69. The company has a debt-to-equity ratio of 1.00, a current ratio of 3.40 and a quick ratio of 3.35.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Thursday, April 26th. The software giant reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.10. The firm had revenue of $26.82 billion during the quarter, compared to analysts’ expectations of $25.78 billion. Microsoft had a return on equity of 36.49% and a net margin of 13.72%. The firm’s revenue was up 15.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.73 earnings per share. sell-side analysts predict that Microsoft Co. will post 3.84 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 13th. Investors of record on Thursday, August 16th will be paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 1.68%. The ex-dividend date of this dividend is Wednesday, August 15th. Microsoft’s payout ratio is 50.76%.

Microsoft Profile

Microsoft Corporation develops, licenses, and supports software products, services, and devices worldwide. The company's Productivity and Business Processes segment offers Office 365 commercial products and services for businesses, including Office, Exchange, SharePoint, Skype for Business, and related Client Access Licenses (CALs); Office 365 consumer services, such as Skype, Outlook.com, and OneDrive; Dynamics business solutions, such as financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and mid-size businesses, large organizations, and divisions of enterprises; and LinkedIn online professional network.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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