Berkeley Capital Partners LLC lowered its position in Microsoft Co. (NASDAQ:MSFT) by 5.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,836 shares of the software giant’s stock after selling 728 shares during the quarter. Microsoft accounts for approximately 1.8% of Berkeley Capital Partners LLC’s holdings, making the stock its 10th biggest holding. Berkeley Capital Partners LLC’s holdings in Microsoft were worth $2,910,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Csenge Advisory Group boosted its stake in shares of Microsoft by 68.1% during the second quarter. Csenge Advisory Group now owns 45,246 shares of the software giant’s stock valued at $9,208,000 after acquiring an additional 18,324 shares during the last quarter. Security National Bank of Sioux City Iowa IA boosted its stake in shares of Microsoft by 3.4% during the second quarter. Security National Bank of Sioux City Iowa IA now owns 22,639 shares of the software giant’s stock valued at $4,607,000 after acquiring an additional 741 shares during the last quarter. Beech Hill Advisors Inc. boosted its stake in shares of Microsoft by 4.8% during the second quarter. Beech Hill Advisors Inc. now owns 18,944 shares of the software giant’s stock valued at $3,855,000 after acquiring an additional 865 shares during the last quarter. Nikulski Financial Inc. boosted its stake in shares of Microsoft by 29.5% during the second quarter. Nikulski Financial Inc. now owns 9,637 shares of the software giant’s stock valued at $1,961,000 after acquiring an additional 2,196 shares during the last quarter. Finally, Sarasin & Partners LLP boosted its stake in shares of Microsoft by 0.3% during the second quarter. Sarasin & Partners LLP now owns 1,198,163 shares of the software giant’s stock valued at $243,838,000 after acquiring an additional 4,147 shares during the last quarter. Institutional investors and hedge funds own 69.93% of the company’s stock.
Shares of NASDAQ MSFT opened at $210.39 on Friday. Microsoft Co. has a twelve month low of $132.52 and a twelve month high of $232.86. The company has a current ratio of 2.53, a quick ratio of 2.49 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $1,590.65 billion, a price-to-earnings ratio of 33.99, a price-to-earnings-growth ratio of 2.58 and a beta of 0.87. The business has a 50 day simple moving average of $213.80 and a 200-day simple moving average of $204.25.
Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Tuesday, October 27th. The software giant reported $1.82 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.53 by $0.29. Microsoft had a return on equity of 40.74% and a net margin of 32.28%. As a group, equities analysts predict that Microsoft Co. will post 6.74 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Thursday, November 19th will be given a dividend of $0.56 per share. The ex-dividend date is Wednesday, November 18th. This represents a $2.24 dividend on an annualized basis and a yield of 1.06%. This is a positive change from Microsoft’s previous quarterly dividend of $0.51. Microsoft’s payout ratio is currently 38.89%.
In related news, President Bradford L. Smith sold 200,000 shares of the business’s stock in a transaction that occurred on Thursday, November 5th. The stock was sold at an average price of $222.58, for a total transaction of $44,516,000.00. Following the completion of the transaction, the president now owns 778,439 shares in the company, valued at approximately $173,264,952.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Satya Nadella sold 104,500 shares of the business’s stock in a transaction that occurred on Thursday, November 5th. The shares were sold at an average price of $222.52, for a total value of $23,253,340.00. Following the transaction, the chief executive officer now owns 1,392,573 shares of the company’s stock, valued at approximately $309,875,343.96. The disclosure for this sale can be found here. Insiders have sold a total of 422,556 shares of company stock valued at $93,282,154 in the last 90 days. Insiders own 0.05% of the company’s stock.
A number of research firms recently commented on MSFT. Royal Bank of Canada increased their price objective on Microsoft from $230.00 to $250.00 and gave the company an “outperform” rating in a research note on Tuesday, October 13th. Morgan Stanley increased their price objective on Microsoft from $245.00 to $249.00 and gave the company an “overweight” rating in a research note on Wednesday, October 28th. Stifel Nicolaus raised their price target on Microsoft from $220.00 to $245.00 and gave the stock a “buy” rating in a research note on Tuesday, October 20th. Tigress Financial reissued a “buy” rating on shares of Microsoft in a research note on Sunday, November 1st. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $255.00 price target (up from $235.00) on shares of Microsoft in a research note on Wednesday, October 28th. Three analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $230.46.
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, as well as related Client Access Licenses (CAL); Skype, Outlook.com, and OneDrive; LinkedIn that includes Talent, Learning, Sales, and Marketing solutions, as well as premium subscriptions; and Dynamics 365, a set of cloud-based and on-premises business solutions for small and medium businesses, large organizations, and divisions of enterprises.
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