West Coast Financial LLC trimmed its stake in Microsoft Co. (NASDAQ:MSFT) by 70.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,140 shares of the software giant’s stock after selling 22,088 shares during the quarter. West Coast Financial LLC’s holdings in Microsoft were worth $782,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Acrospire Investment Management LLC increased its stake in Microsoft by 300.0% in the second quarter. Acrospire Investment Management LLC now owns 1,600 shares of the software giant’s stock valued at $110,000 after purchasing an additional 1,200 shares during the last quarter. Stelac Advisory Services LLC increased its stake in Microsoft by 23.5% in the second quarter. Stelac Advisory Services LLC now owns 2,033 shares of the software giant’s stock valued at $140,000 after purchasing an additional 387 shares during the last quarter. Pacific Center for Financial Services increased its stake in Microsoft by 3.0% in the second quarter. Pacific Center for Financial Services now owns 2,572 shares of the software giant’s stock valued at $177,000 after purchasing an additional 75 shares during the last quarter. AlphaMark Advisors LLC increased its stake in Microsoft by 1.1% in the second quarter. AlphaMark Advisors LLC now owns 2,677 shares of the software giant’s stock valued at $185,000 after purchasing an additional 30 shares during the last quarter. Finally, Family Capital Trust Co acquired a new position in Microsoft in the fourth quarter valued at $188,000. 73.85% of the stock is owned by institutional investors.
In other Microsoft news, CMO Christopher C. Capossela sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $93.30, for a total transaction of $279,900.00. Following the sale, the chief marketing officer now owns 178,278 shares in the company, valued at $16,633,337.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Christopher C. Capossela sold 3,500 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $93.00, for a total value of $325,500.00. Following the sale, the executive vice president now owns 171,278 shares in the company, valued at approximately $15,928,854. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,000 shares of company stock worth $930,900. Insiders own 1.49% of the company’s stock.
Several research firms recently commented on MSFT. ValuEngine upgraded Microsoft from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Vetr lowered Microsoft from a “buy” rating to a “hold” rating and set a $93.54 target price for the company. in a research note on Wednesday, January 17th. Instinet began coverage on Microsoft in a research note on Thursday, January 25th. They issued a “buy” rating for the company. Zacks Investment Research lowered Microsoft from a “buy” rating to a “hold” rating in a research note on Tuesday, March 6th. Finally, UBS set a $105.00 target price on Microsoft and gave the company a “buy” rating in a research note on Friday, January 19th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $100.14.
NASDAQ:MSFT opened at $90.23 on Monday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 2.85 and a current ratio of 2.89. Microsoft Co. has a one year low of $64.85 and a one year high of $97.24. The stock has a market capitalization of $694,752.38, a P/E ratio of 27.26, a price-to-earnings-growth ratio of 2.09 and a beta of 1.07.
Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Wednesday, January 31st. The software giant reported $0.96 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.09. Microsoft had a return on equity of 35.41% and a net margin of 11.72%. The business had revenue of $28.92 billion for the quarter, compared to analysts’ expectations of $28.42 billion. During the same quarter in the previous year, the firm posted $0.83 earnings per share. The company’s revenue was up 11.9% compared to the same quarter last year. equities research analysts predict that Microsoft Co. will post 3.63 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 14th. Investors of record on Thursday, May 17th will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 1.86%. The ex-dividend date is Wednesday, May 16th. Microsoft’s dividend payout ratio (DPR) is 50.76%.
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Microsoft Company 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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