Marino Stram & Associates LLC trimmed its position in shares of Microsoft Co. (NASDAQ:MSFT) by 3.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,021 shares of the software giant’s stock after selling 578 shares during the period. Microsoft makes up 1.6% of Marino Stram & Associates LLC’s portfolio, making the stock its 14th biggest position. Marino Stram & Associates LLC’s holdings in Microsoft were worth $2,369,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Selective Wealth Management Inc. acquired a new position in Microsoft during the 3rd quarter worth $36,000. John W. Brooker & Co. CPAs acquired a new position in Microsoft during the 4th quarter worth $74,000. Ogorek Anthony Joseph NY ADV grew its holdings in Microsoft by 69.1% during the 4th quarter. Ogorek Anthony Joseph NY ADV now owns 531 shares of the software giant’s stock worth $83,000 after acquiring an additional 217 shares in the last quarter. 1 North Wealth Services LLC acquired a new position in Microsoft during the 3rd quarter worth $93,000. Finally, CXI Advisors acquired a new position in Microsoft during the 4th quarter worth $120,000. 71.91% of the stock is owned by institutional investors and hedge funds.
In other Microsoft news, EVP Jean Philippe Courtois sold 18,000 shares of the business’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $179.55, for a total transaction of $3,231,900.00. Following the sale, the executive vice president now directly owns 582,510 shares in the company, valued at approximately $104,589,670.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Margaret L. Johnson sold 35,000 shares of the business’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $150.01, for a total transaction of $5,250,350.00. Following the sale, the executive vice president now owns 62,423 shares in the company, valued at $9,364,074.23. The disclosure for this sale can be found here. 1.39% of the stock is currently owned by insiders.
Several research analysts have weighed in on the stock. Goldman Sachs Group reissued a “buy” rating and set a $151.00 price objective on shares of Microsoft in a report on Wednesday, October 23rd. Barclays reissued a “buy” rating and set a $190.00 price objective on shares of Microsoft in a report on Thursday, January 30th. Citigroup raised their price objective on shares of Microsoft from $155.00 to $174.00 and gave the stock a “neutral” rating in a report on Thursday, January 30th. Stifel Nicolaus raised their price objective on shares of Microsoft from $175.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Finally, Cleveland Research reissued a “buy” rating on shares of Microsoft in a report on Friday, October 18th. Two investment analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and two have issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $187.06.
Shares of NASDAQ:MSFT opened at $183.71 on Friday. The company has a market cap of $1,397.31 billion, a PE ratio of 32.01, a P/E/G ratio of 2.53 and a beta of 1.15. The company’s 50-day moving average price is $166.98 and its 200 day moving average price is $148.56. Microsoft Co. has a fifty-two week low of $105.48 and a fifty-two week high of $190.70. The company has a quick ratio of 2.77, a current ratio of 2.80 and a debt-to-equity ratio of 0.64.
Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Wednesday, January 29th. The software giant reported $1.51 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.32 by $0.19. The firm had revenue of $36.91 billion for the quarter, compared to the consensus estimate of $35.68 billion. Microsoft had a net margin of 33.02% and a return on equity of 40.41%. Microsoft’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same period last year, the firm posted $1.10 EPS. As a group, equities analysts anticipate that Microsoft Co. will post 5.64 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Shareholders of record on Thursday, February 20th will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Wednesday, February 19th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.11%. Microsoft’s dividend payout ratio (DPR) is 42.95%.
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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