Hudock Capital Group LLC Cuts Stake in Microsoft Co. (MSFT)

Hudock Capital Group LLC lessened its holdings in Microsoft Co. (NASDAQ:MSFT) by 5.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,713 shares of the software giant’s stock after selling 531 shares during the quarter. Hudock Capital Group LLC’s holdings in Microsoft were worth $1,110,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Xact Kapitalforvaltning AB lifted its holdings in shares of Microsoft by 2.3% in the 1st quarter. Xact Kapitalforvaltning AB now owns 1,461,285 shares of the software giant’s stock valued at $133,371,000 after buying an additional 33,059 shares during the period. Moors & Cabot Inc. lifted its holdings in shares of Microsoft by 6.6% in the 1st quarter. Moors & Cabot Inc. now owns 161,983 shares of the software giant’s stock valued at $14,784,000 after buying an additional 10,031 shares during the period. Wesbanco Bank Inc. lifted its holdings in shares of Microsoft by 17.7% in the 1st quarter. Wesbanco Bank Inc. now owns 320,635 shares of the software giant’s stock valued at $29,264,000 after buying an additional 48,222 shares during the period. Handelsbanken Fonder AB lifted its holdings in shares of Microsoft by 84.2% in the 1st quarter. Handelsbanken Fonder AB now owns 607,777 shares of the software giant’s stock valued at $55,472,000 after buying an additional 277,777 shares during the period. Finally, Cypress Capital Group lifted its holdings in shares of Microsoft by 10.0% in the 1st quarter. Cypress Capital Group now owns 82,957 shares of the software giant’s stock valued at $7,572,000 after buying an additional 7,537 shares during the period. 71.64% of the stock is currently owned by institutional investors and hedge funds.

In other Microsoft news, EVP Christopher C. Capossela sold 4,000 shares of the stock in a transaction that occurred on Monday, December 10th. The stock was sold at an average price of $105.50, for a total transaction of $422,000.00. Following the completion of the transaction, the executive vice president now owns 169,931 shares of the company’s stock, valued at $17,927,720.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO Christopher C. Capossela sold 10,000 shares of the stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $111.77, for a total value of $1,117,700.00. Following the transaction, the chief marketing officer now directly owns 177,931 shares of the company’s stock, valued at approximately $19,887,347.87. The disclosure for this sale can be found here. Insiders have sold 279,918 shares of company stock valued at $30,102,412 in the last three months. Insiders own 1.38% of the company’s stock.

Several equities analysts have recently issued reports on MSFT shares. Credit Suisse Group set a $125.00 price objective on Microsoft and gave the company a “buy” rating in a report on Wednesday, September 19th. Oppenheimer set a $127.00 price objective on Microsoft and gave the company a “buy” rating in a report on Monday, November 19th. DZ Bank reissued a “buy” rating on shares of Microsoft in a report on Thursday, October 18th. Macquarie reaffirmed a “buy” rating and issued a $125.00 price target on shares of Microsoft in a report on Thursday, October 25th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $120.00 price target on shares of Microsoft in a report on Thursday, October 25th. One analyst has rated the stock with a sell rating, two have given a hold rating, thirty-three have given a buy rating and two have issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $121.88.

Shares of Microsoft stock opened at $102.80 on Friday. Microsoft Co. has a 12 month low of $83.83 and a 12 month high of $116.18. The company has a market cap of $802.86 billion, a price-to-earnings ratio of 26.49, a PEG ratio of 1.89 and a beta of 1.24. The company has a quick ratio of 2.85, a current ratio of 2.92 and a debt-to-equity ratio of 0.88.

Microsoft (NASDAQ:MSFT) last announced its earnings results on Wednesday, October 24th. The software giant reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.18. Microsoft had a return on equity of 39.86% and a net margin of 16.38%. The business had revenue of $29.08 billion during the quarter, compared to analysts’ expectations of $27.92 billion. During the same quarter in the prior year, the firm earned $0.84 earnings per share. The business’s revenue was up 18.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Microsoft Co. will post 4.43 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 14th. Shareholders of record on Thursday, February 21st will be issued a dividend of $0.46 per share. The ex-dividend date is Wednesday, February 20th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.79%. Microsoft’s payout ratio is currently 47.42%.

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Microsoft Profile

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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