Stokes & Hubbell Capital Management LLC trimmed its position in shares of Microsoft Co. (NASDAQ:MSFT) by 0.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 53,663 shares of the software giant’s stock after selling 144 shares during the quarter. Microsoft makes up about 1.2% of Stokes & Hubbell Capital Management LLC’s investment portfolio, making the stock its 21st biggest position. Stokes & Hubbell Capital Management LLC’s holdings in Microsoft were worth $5,451,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently modified their holdings of MSFT. Highwater Wealth Management LLC acquired a new position in Microsoft in the fourth quarter valued at approximately $27,000. Mackey Komara & Dankovich LLC acquired a new position in Microsoft in the fourth quarter valued at approximately $30,000. Contravisory Investment Management Inc. lifted its holdings in Microsoft by 113.1% in the fourth quarter. Contravisory Investment Management Inc. now owns 537 shares of the software giant’s stock valued at $55,000 after buying an additional 285 shares during the period. Denali Advisors LLC acquired a new position in Microsoft in the fourth quarter valued at approximately $91,000. Finally, Woodard & Co. Asset Management Group Inc. ADV lifted its holdings in Microsoft by 90.5% in the third quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 1,048 shares of the software giant’s stock valued at $119,000 after buying an additional 498 shares during the period. 72.89% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts recently weighed in on MSFT shares. Credit Suisse Group set a $125.00 price objective on shares of Microsoft and gave the company a “buy” rating in a report on Sunday, December 23rd. UBS Group set a $125.00 price objective on shares of Microsoft and gave the company a “buy” rating in a report on Thursday, January 31st. Nomura cut their price objective on shares of Microsoft from $115.00 to $113.00 and set a “buy” rating on the stock in a report on Thursday, January 31st. KeyCorp restated a “buy” rating and issued a $125.00 price objective on shares of Microsoft in a report on Tuesday, January 29th. Finally, Bank of America upgraded shares of Microsoft to a “buy” rating and cut their price objective for the company from $150.00 to $140.00 in a report on Monday, January 28th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty-one have issued a buy rating and two have issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $123.85.
Shares of MSFT stock opened at $121.77 on Thursday. The company has a quick ratio of 3.08, a current ratio of 3.12 and a debt-to-equity ratio of 0.82. Microsoft Co. has a 12-month low of $90.28 and a 12-month high of $121.85. The firm has a market cap of $932.06 billion, a PE ratio of 31.38, a P/E/G ratio of 2.22 and a beta of 1.22.
Microsoft (NASDAQ:MSFT) last released its earnings results on Wednesday, January 30th. The software giant reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.01. The business had revenue of $32.47 billion during the quarter, compared to the consensus estimate of $32.53 billion. Microsoft had a net margin of 28.31% and a return on equity of 39.52%. The firm’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.96 earnings per share. On average, research analysts anticipate that Microsoft Co. will post 4.41 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Wednesday, May 15th will be paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date is Wednesday, May 15th. Microsoft’s dividend payout ratio is currently 47.42%.
In other Microsoft news, EVP Christopher C. Capossela sold 10,500 shares of the stock in a transaction on Monday, March 11th. The shares were sold at an average price of $111.48, for a total value of $1,170,540.00. Following the completion of the sale, the executive vice president now owns 156,866 shares in the company, valued at $17,487,421.68. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Frank H. Brod sold 7,220 shares of the stock in a transaction on Thursday, February 28th. The shares were sold at an average price of $112.76, for a total transaction of $814,127.20. Following the completion of the sale, the insider now owns 53,069 shares of the company’s stock, valued at approximately $5,984,060.44. The disclosure for this sale can be found here. In the last quarter, insiders sold 333,667 shares of company stock valued at $35,657,016. Corporate insiders own 1.38% of the company’s stock.
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Microsoft Company 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, 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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