Microsoft Co. (NASDAQ:MSFT) Position Trimmed by Bank of New York Mellon Corp

Bank of New York Mellon Corp trimmed its stake in Microsoft Co. (NASDAQ:MSFT) by 1.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 113,073,655 shares of the software giant’s stock after selling 2,051,944 shares during the period. Microsoft accounts for 2.3% of Bank of New York Mellon Corp’s portfolio, making the stock its largest position. Bank of New York Mellon Corp owned 1.47% of Microsoft worth $8,422,856,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CI Global Investments Inc. boosted its position in Microsoft by 4.3% during the third quarter. CI Global Investments Inc. now owns 2,938,651 shares of the software giant’s stock worth $218,900,000 after purchasing an additional 120,022 shares in the last quarter. Sigma Planning Corp lifted its position in shares of Microsoft by 1.7% in the third quarter. Sigma Planning Corp now owns 122,207 shares of the software giant’s stock valued at $9,103,000 after acquiring an additional 2,033 shares in the last quarter. Bank of Stockton lifted its position in shares of Microsoft by 19.8% in the third quarter. Bank of Stockton now owns 16,054 shares of the software giant’s stock valued at $1,195,000 after acquiring an additional 2,658 shares in the last quarter. Wellington Shields Capital Management LLC increased its holdings in shares of Microsoft by 9.7% in the third quarter. Wellington Shields Capital Management LLC now owns 150,261 shares of the software giant’s stock valued at $11,193,000 after purchasing an additional 13,276 shares during the last quarter. Finally, Lockheed Martin Investment Management Co. increased its holdings in shares of Microsoft by 4.9% in the third quarter. Lockheed Martin Investment Management Co. now owns 170,505 shares of the software giant’s stock valued at $12,701,000 after purchasing an additional 8,000 shares during the last quarter. 73.19% of the stock is owned by hedge funds and other institutional investors.

Several research firms have issued reports on MSFT. Oppenheimer raised their target price on Microsoft to $115.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 9th. Citigroup raised their price target on Microsoft to $115.00 and gave the stock a “buy” rating in a research report on Thursday, February 1st. Evercore ISI raised their price target on Microsoft from $93.00 to $106.00 and gave the stock an “outperform” rating in a research report on Friday, December 8th. UBS Group set a $105.00 target price on Microsoft and gave the company a “buy” rating in a report on Thursday, November 9th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $88.00 price target (up from $85.00) on shares of Microsoft in a report on Friday, October 27th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and thirty-one have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $99.11.

In related news, insider Frank H. Brod sold 18,000 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $83.15, for a total transaction of $1,496,700.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CMO Christopher C. Capossela sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $93.30, for a total transaction of $279,900.00. Following the sale, the chief marketing officer now owns 178,278 shares of the company’s stock, valued at $16,633,337.40. The disclosure for this sale can be found here. Insiders sold 24,500 shares of company stock worth $2,102,100 in the last 90 days. 1.49% of the stock is owned by company insiders.

Microsoft Co. (NASDAQ:MSFT) opened at $92.85 on Friday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 2.85 and a current ratio of 2.89. Microsoft Co. has a 12-month low of $63.62 and a 12-month high of $96.07. The company has a market cap of $706,300.00, a PE ratio of 28.48, a PEG ratio of 2.12 and a beta of 1.06.

Microsoft (NASDAQ:MSFT) last issued its earnings results on Wednesday, January 31st. The software giant reported $0.96 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.09. Microsoft had a net margin of 11.72% and a return on equity of 35.41%. The firm had revenue of $28.92 billion for the quarter, compared to analysts’ expectations of $28.42 billion. During the same quarter last year, the company posted $0.83 earnings per share. Microsoft’s revenue was up 11.9% on a year-over-year basis. research analysts forecast that Microsoft Co. will post 3.64 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Thursday, February 15th will be paid a $0.42 dividend. The ex-dividend date is Wednesday, February 14th. This represents a $1.68 annualized dividend and a dividend yield of 1.81%. Microsoft’s payout ratio is currently 51.53%.

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Microsoft Profile

Microsoft Corporation is a technology company. The Company develops, licenses, and supports a range of software products, services and devices. The Company’s segments include Productivity and Business Processes, Intelligent Cloud and More Personal Computing. The Company’s products include operating systems; cross-device productivity applications; server applications; business solution applications; desktop and server management tools; software development tools; video games, and training and certification of computer system integrators and developers.

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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