Murphy Pohlad Asset Management LLC decreased its holdings in Microsoft Co. (NASDAQ:MSFT) by 8.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 73,560 shares of the software giant’s stock after selling 7,135 shares during the quarter. Microsoft accounts for about 4.2% of Murphy Pohlad Asset Management LLC’s portfolio, making the stock its 2nd largest holding. Murphy Pohlad Asset Management LLC’s holdings in Microsoft were worth $6,292,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Microsoft during the 4th quarter valued at approximately $103,000. Cerebellum GP LLC bought a new stake in shares of Microsoft during the 4th quarter valued at approximately $134,000. Family Capital Trust Co bought a new stake in shares of Microsoft during the 4th quarter valued at approximately $188,000. Moller Financial Services bought a new stake in shares of Microsoft during the 4th quarter valued at approximately $205,000. Finally, Marquette Asset Management LLC bought a new stake in shares of Microsoft during the 4th quarter valued at approximately $211,000. Institutional investors and hedge funds own 72.44% of the company’s stock.
Microsoft stock opened at $97.50 on Wednesday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 3.35 and a current ratio of 3.40. Microsoft Co. has a 12-month low of $67.43 and a 12-month high of $98.69. The firm has a market cap of $741.95 billion, a P/E ratio of 29.46, a P/E/G ratio of 2.12 and a beta of 1.04.
Microsoft (NASDAQ:MSFT) last released its earnings results on Thursday, April 26th. The software giant reported $0.95 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.10. Microsoft had a net margin of 13.72% and a return on equity of 36.49%. The company had revenue of $26.82 billion for the quarter, compared to the consensus estimate of $25.78 billion. During the same quarter in the previous year, the company earned $0.73 EPS. Microsoft’s quarterly revenue was up 15.5% compared to the same quarter last year. equities research analysts expect that Microsoft Co. will post 3.8 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 14th. Investors of record on Thursday, May 17th will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Wednesday, May 16th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.72%. Microsoft’s payout ratio is presently 50.76%.
In other Microsoft news, EVP Christopher C. Capossela sold 3,500 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $93.00, for a total transaction of $325,500.00. Following the transaction, the executive vice president now owns 171,278 shares in the company, valued at $15,928,854. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.49% of the company’s stock.
Several equities research analysts recently issued reports on MSFT shares. Stifel Nicolaus lifted their price target on shares of Microsoft from $90.00 to $92.00 and gave the company a “buy” rating in a report on Tuesday, January 23rd. Zacks Investment Research lowered shares of Microsoft from a “buy” rating to a “hold” rating in a report on Tuesday, January 23rd. Goldman Sachs set a $100.00 price target on shares of Microsoft and gave the company a “buy” rating in a report on Tuesday, January 23rd. Nomura assumed coverage on shares of Microsoft in a report on Tuesday, January 23rd. They set a “buy” rating and a $102.00 price target on the stock. Finally, Instinet assumed coverage on shares of Microsoft in a report on Thursday, January 25th. They set a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirty-three have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $103.13.
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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