Kanawha Capital Management LLC Reduces Stake in Microsoft Co. (MSFT)

Kanawha Capital Management LLC lowered its position in shares of Microsoft Co. (NASDAQ:MSFT) by 0.5% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 234,521 shares of the software giant’s stock after selling 1,164 shares during the quarter. Microsoft comprises 3.4% of Kanawha Capital Management LLC’s holdings, making the stock its biggest position. Kanawha Capital Management LLC’s holdings in Microsoft were worth $23,126,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of MSFT. WP Advisors LLC acquired a new stake in shares of Microsoft during the second quarter worth $131,000. Live Your Vision LLC lifted its holdings in shares of Microsoft by 58.7% during the second quarter. Live Your Vision LLC now owns 1,376 shares of the software giant’s stock worth $140,000 after buying an additional 509 shares in the last quarter. CX Institutional acquired a new stake in shares of Microsoft during the second quarter worth $145,000. Spectrum Financial Alliance Ltd LLC acquired a new stake in shares of Microsoft during the first quarter worth $147,000. Finally, Ballew Advisors Inc acquired a new stake in shares of Microsoft during the first quarter worth $164,000. 71.85% of the stock is owned by institutional investors.

In other Microsoft news, EVP Kathleen T. Hogan sold 36,500 shares of Microsoft stock in a transaction dated Thursday, November 8th. The stock was sold at an average price of $111.28, for a total value of $4,061,720.00. Following the transaction, the executive vice president now owns 226,801 shares in the company, valued at $25,238,415.28. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Kathleen T. Hogan sold 40,000 shares of Microsoft stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $111.31, for a total value of $4,452,400.00. Following the completion of the transaction, the executive vice president now owns 339,972 shares in the company, valued at approximately $37,842,283.32. The disclosure for this sale can be found here. In the last quarter, insiders sold 479,080 shares of company stock worth $52,100,893. Company insiders own 1.49% of the company’s stock.

Microsoft stock opened at $109.57 on Friday. Microsoft Co. has a 12-month low of $80.70 and a 12-month high of $116.18. The company has a current ratio of 2.92, a quick ratio of 2.85 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $862.07 billion, a price-to-earnings ratio of 26.78, a price-to-earnings-growth ratio of 2.04 and a beta of 1.26.

Microsoft (NASDAQ:MSFT) last released its earnings results on Wednesday, October 24th. The software giant reported $1.14 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.18. Microsoft had a return on equity of 39.86% and a net margin of 16.38%. The firm had revenue of $29.08 billion for the quarter, compared to analysts’ expectations of $27.92 billion. During the same quarter in the previous year, the business posted $0.84 earnings per share. The business’s revenue for the quarter was up 18.5% on a year-over-year basis. As a group, equities analysts anticipate that Microsoft Co. will post 4.39 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 13th. Shareholders of record on Thursday, November 15th will be given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date of this dividend is Wednesday, November 14th. This is a boost from Microsoft’s previous quarterly dividend of $0.42. Microsoft’s payout ratio is currently 43.30%.

MSFT has been the subject of a number of research reports. Oppenheimer reissued a “buy” rating and set a $127.00 target price on shares of Microsoft in a report on Monday, September 24th. Macquarie raised Microsoft from a “neutral” rating to an “outperform” rating and set a $121.00 price target for the company in a research note on Friday, October 12th. Credit Suisse Group set a $125.00 price target on Microsoft and gave the company a “buy” rating in a research note on Monday, August 27th. Royal Bank of Canada set a $124.00 price target on Microsoft and gave the company a “buy” rating in a research note on Monday, September 10th. Finally, Bank of America boosted their price target on Microsoft from $134.00 to $135.00 and gave the company a “buy” rating in a research note on Monday, October 22nd. One analyst has rated the stock with a sell rating, two have given a hold rating, thirty-three have assigned a buy rating and two have assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $121.88.

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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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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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