Lourd Capital LLC Cuts Position in Microsoft Co. (MSFT)

Lourd Capital LLC trimmed its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 3.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 31,878 shares of the software giant’s stock after selling 1,036 shares during the quarter. Microsoft accounts for approximately 0.3% of Lourd Capital LLC’s holdings, making the stock its 19th biggest holding. Lourd Capital LLC’s holdings in Microsoft were worth $3,238,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of MSFT. Highwater Wealth Management LLC purchased a new position in Microsoft in the fourth quarter worth $27,000. Mackey Komara & Dankovich LLC purchased a new position in Microsoft in the fourth quarter worth $30,000. Contravisory Investment Management Inc. grew 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 worth $55,000 after purchasing an additional 285 shares during the last quarter. Denali Advisors LLC purchased a new position in Microsoft in the fourth quarter worth $91,000. Finally, Woodard & Co. Asset Management Group Inc. ADV grew 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 worth $119,000 after purchasing an additional 498 shares during the last quarter. 72.89% of the stock is currently owned by institutional investors.

MSFT has been the topic of several analyst reports. Credit Suisse Group set a $125.00 price target on shares of Microsoft and gave the stock a “buy” rating in a report on Sunday, December 23rd. UBS Group set a $125.00 price target on shares of Microsoft and gave the stock a “buy” rating in a report on Thursday, January 31st. Nomura cut their price target 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 reaffirmed a “buy” rating and issued a $125.00 price target on shares of Microsoft in a report on Tuesday, January 29th. Finally, Bank of America raised shares of Microsoft to a “buy” rating and cut their price target for the stock from $150.00 to $140.00 in a report on Monday, January 28th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, two have given a hold rating, thirty-one have issued a buy rating and two have issued a strong buy rating to the stock. Microsoft has a consensus rating of “Buy” and an average price target of $123.85.

In other Microsoft news, insider Jean Philippe Courtois sold 28,147 shares of the company’s stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $108.14, for a total value of $3,043,816.58. Following the completion of the transaction, the insider now owns 497,162 shares in the company, valued at $53,763,098.68. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Satya Nadella sold 267,466 shares of the company’s stock in a transaction dated Wednesday, February 6th. The stock was sold at an average price of $106.01, for a total transaction of $28,354,070.66. Following the completion of the transaction, the chief executive officer now owns 1,746,854 shares of the company’s stock, valued at approximately $185,183,992.54. 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. Insiders own 1.38% of the company’s stock.

Shares of Microsoft stock opened at $120.77 on Wednesday. The stock has a market capitalization of $931.29 billion, a price-to-earnings ratio of 31.13, a PEG ratio of 2.22 and a beta of 1.21. Microsoft Co. has a fifty-two week low of $90.28 and a fifty-two week high of $121.65. The company has a debt-to-equity ratio of 0.82, a current ratio of 3.12 and a quick ratio of 3.08.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Wednesday, January 30th. The software giant reported $1.10 earnings per share for the quarter, topping 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 company’s revenue was up 12.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.96 earnings per share. On average, sell-side analysts predict that Microsoft Co. will post 4.41 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Wednesday, May 15th will be given a $0.46 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.52%. Microsoft’s dividend payout ratio (DPR) is currently 47.42%.

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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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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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