Heritage Investors Management Corp Sells 15,498 Shares of Microsoft Co. (NASDAQ:MSFT)

Heritage Investors Management Corp decreased its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 4.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 341,473 shares of the software giant’s stock after selling 15,498 shares during the quarter. Microsoft comprises approximately 2.9% of Heritage Investors Management Corp’s holdings, making the stock its 2nd biggest holding. Heritage Investors Management Corp’s holdings in Microsoft were worth $53,850,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Winthrop Advisory Group LLC increased its position in shares of Microsoft by 0.5% in the 4th quarter. Winthrop Advisory Group LLC now owns 14,340 shares of the software giant’s stock worth $2,261,000 after purchasing an additional 67 shares during the last quarter. Moon Capital Management LLC increased its position in shares of Microsoft by 3.5% in the 4th quarter. Moon Capital Management LLC now owns 2,155 shares of the software giant’s stock worth $340,000 after purchasing an additional 72 shares during the last quarter. Addison Capital Co increased its position in shares of Microsoft by 0.6% in the 3rd quarter. Addison Capital Co now owns 13,332 shares of the software giant’s stock worth $1,854,000 after purchasing an additional 74 shares during the last quarter. VeraBank N.A. increased its position in shares of Microsoft by 0.3% in the 3rd quarter. VeraBank N.A. now owns 22,294 shares of the software giant’s stock worth $3,100,000 after purchasing an additional 75 shares during the last quarter. Finally, SRS Capital Advisors Inc. increased its position in shares of Microsoft by 1.9% in the 3rd quarter. SRS Capital Advisors Inc. now owns 4,006 shares of the software giant’s stock worth $557,000 after purchasing an additional 75 shares during the last quarter. Institutional investors and hedge funds own 71.78% of the company’s stock.

In other news, EVP Margaret L. Johnson sold 35,000 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The shares were 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CMO Christopher C. Capossela sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $144.01, for a total transaction of $360,025.00. Following the sale, the chief marketing officer now owns 118,944 shares in the company, valued at approximately $17,129,125.44. The disclosure for this sale can be found here. Insiders sold a total of 66,919 shares of company stock worth $9,817,790 over the last quarter. Insiders own 1.39% of the company’s stock.

NASDAQ MSFT opened at $162.13 on Wednesday. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.85 and a quick ratio of 2.81. The company’s 50 day simple moving average is $155.84 and its 200 day simple moving average is $143.44. Microsoft Co. has a 12 month low of $100.98 and a 12 month high of $160.73. The company has a market capitalization of $1,246.62 billion, a P/E ratio of 34.13, a PEG ratio of 2.53 and a beta of 1.23.

Microsoft (NASDAQ:MSFT) last released its earnings results on Wednesday, October 23rd. The software giant reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.14. Microsoft had a net margin of 31.66% and a return on equity of 39.14%. The business had revenue of $33.06 billion for the quarter, compared to the consensus estimate of $32.24 billion. During the same period in the previous year, the firm earned $1.14 EPS. The business’s revenue for the quarter was up 13.7% on a year-over-year basis. On average, analysts anticipate that Microsoft Co. will post 5.36 earnings per share for the current year.

Microsoft announced that its board has initiated a share buyback plan on Wednesday, September 18th that permits the company to buyback $40.00 billion in outstanding shares. This buyback authorization permits the software giant to reacquire up to 3.8% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Thursday, February 20th will be issued a $0.51 dividend. The ex-dividend date is Wednesday, February 19th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.26%. Microsoft’s payout ratio is currently 42.95%.

Several equities research analysts have recently weighed in on MSFT shares. BMO Capital Markets boosted their target price on shares of Microsoft from $160.00 to $165.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. BidaskClub raised shares of Microsoft from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 13th. Zacks Investment Research raised shares of Microsoft from a “hold” rating to a “buy” rating and set a $147.00 target price for the company in a research report on Friday, October 25th. Cowen reaffirmed an “outperform” rating and set a $180.00 price objective (up previously from $165.00) on shares of Microsoft in a research report on Thursday, January 9th. Finally, Citigroup boosted their price objective on shares of Microsoft from $152.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. One research analyst has rated the stock with a hold rating, thirty-one have issued a buy rating and two have issued a strong buy rating to the company’s stock. Microsoft has an average rating of “Buy” and a consensus target price of $165.97.

About Microsoft

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.

Further Reading: What are economic reports?

Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Co. (NASDAQ:MSFT).

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

Receive News & Ratings for Microsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply