Microsoft Co. (NASDAQ:MSFT) Shares Sold by Institutional & Family Asset Management LLC


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Institutional & Family Asset Management LLC cut its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 6.8% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 21,689 shares of the software giant’s stock after selling 1,591 shares during the period. Microsoft makes up approximately 1.0% of Institutional & Family Asset Management LLC’s holdings, making the stock its 15th largest holding. Institutional & Family Asset Management LLC’s holdings in Microsoft were worth $4,824,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MSFT. Goodwin Investment Advisory acquired a new stake in shares of Microsoft during the fourth quarter valued at about $28,000. NuWave Investment Management LLC increased its position in shares of Microsoft by 3,250.0% during the fourth quarter. NuWave Investment Management LLC now owns 134 shares of the software giant’s stock worth $30,000 after acquiring an additional 130 shares during the last quarter. Kinloch Capital LLC purchased a new stake in shares of Microsoft during the fourth quarter worth about $37,000. Safir Wealth Advisors LLC purchased a new stake in shares of Microsoft during the fourth quarter worth about $69,000. Finally, Portland Hill Asset Management Ltd purchased a new stake in shares of Microsoft during the fourth quarter worth about $76,000. Hedge funds and other institutional investors own 69.01% of the company’s stock.

In other news, EVP Kathleen T. Hogan sold 30,000 shares of the stock in a transaction on Wednesday, December 9th. The stock was sold at an average price of $212.43, for a total value of $6,372,900.00. Following the completion of the sale, the executive vice president now owns 189,064 shares in the company, valued at $40,162,865.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jean Philippe Courtois sold 18,358 shares of the firm’s stock in a transaction on Thursday, January 28th. The stock was sold at an average price of $239.60, for a total value of $4,398,576.80. Following the completion of the sale, the executive vice president now directly owns 593,915 shares of the company’s stock, valued at approximately $142,302,034. The disclosure for this sale can be found here. 0.05% of the stock is currently owned by corporate insiders.

A number of brokerages have recently issued reports on MSFT. UBS Group reaffirmed a “buy” rating and set a $275.00 target price on shares of Microsoft in a research report on Tuesday, February 9th. KeyCorp began coverage on Microsoft in a research report on Monday, November 23rd. They set an “overweight” rating and a $250.00 target price on the stock. Tigress Financial reaffirmed a “buy” rating on shares of Microsoft in a research report on Sunday, November 1st. Sanford C. Bernstein reissued a “buy” rating and issued a $283.00 price objective on shares of Microsoft in a report on Wednesday, January 27th. Finally, Barclays boosted their price objective on Microsoft from $250.00 to $269.00 and gave the company an “overweight” rating in a report on Wednesday, January 27th. Two investment analysts have rated the stock with a hold rating, thirty have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $268.12.

NASDAQ MSFT opened at $234.51 on Tuesday. The stock has a market capitalization of $1.77 trillion, a P/E ratio of 37.89, a P/E/G ratio of 2.44 and a beta of 0.83. Microsoft Co. has a 1 year low of $132.52 and a 1 year high of $246.13. The business’s fifty day moving average is $230.54 and its two-hundred day moving average is $218.05. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.49 and a current ratio of 2.53.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Monday, January 25th. The software giant reported $2.03 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.64 by $0.39. The company had revenue of $43.08 billion for the quarter, compared to analysts’ expectations of $40.23 billion. Microsoft had a return on equity of 40.74% and a net margin of 32.28%. The firm’s revenue was up 16.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.51 earnings per share. On average, research analysts forecast that Microsoft Co. will post 6.73 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 11th. Shareholders of record on Thursday, February 18th will be issued a $0.56 dividend. The ex-dividend date is Wednesday, February 17th. This represents a $2.24 annualized dividend and a dividend yield of 0.96%. Microsoft’s dividend payout ratio is currently 38.89%.

About Microsoft

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, OneDrive, and LinkedIn; 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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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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