Microsoft Co. (MSFT) Shares Sold by Beck Mack & Oliver LLC

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Beck Mack & Oliver LLC reduced its holdings in Microsoft Co. (NASDAQ:MSFT) by 1.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,327,213 shares of the software giant’s stock after selling 25,257 shares during the period. Microsoft makes up about 4.4% of Beck Mack & Oliver LLC’s investment portfolio, making the stock its 2nd biggest position. Beck Mack & Oliver LLC’s holdings in Microsoft were worth $130,876,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Community Bank of Raymore raised its holdings in shares of Microsoft by 21.4% during the second quarter. Community Bank of Raymore now owns 2,812 shares of the software giant’s stock worth $277,000 after acquiring an additional 495 shares during the period. Narwhal Capital Management raised its holdings in shares of Microsoft by 0.4% during the second quarter. Narwhal Capital Management now owns 121,380 shares of the software giant’s stock worth $11,969,000 after acquiring an additional 495 shares during the period. Trust Department MB Financial Bank N A raised its holdings in shares of Microsoft by 1.9% during the second quarter. Trust Department MB Financial Bank N A now owns 26,621 shares of the software giant’s stock worth $2,625,000 after acquiring an additional 500 shares during the period. Live Your Vision LLC raised 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 acquiring an additional 509 shares during the period. Finally, Cliftonlarsonallen Wealth Advisors LLC raised its holdings in shares of Microsoft by 3.4% during the second quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 15,715 shares of the software giant’s stock worth $1,550,000 after acquiring an additional 519 shares during the period. Institutional investors and hedge funds own 71.92% of the company’s stock.

Shares of MSFT opened at $106.81 on Thursday. Microsoft Co. has a one year low of $80.70 and a one year high of $116.18. The stock has a market capitalization of $823.57 billion, a PE ratio of 27.53, a PEG ratio of 1.90 and a beta of 1.28. The company has a quick ratio of 2.85, a current ratio of 2.92 and a debt-to-equity ratio of 0.88.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, October 24th. The software giant reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.18. Microsoft had a net margin of 16.38% and a return on equity of 39.86%. The company had revenue of $29.08 billion during the quarter, compared to the consensus estimate of $27.92 billion. During the same quarter last year, the firm posted $0.84 EPS. The company’s quarterly revenue was up 18.5% on a year-over-year basis. On average, research analysts forecast that Microsoft Co. will post 4.39 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 13th. Stockholders 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 dividend yield of 1.72%. The ex-dividend date of this dividend is Wednesday, November 14th. This is an increase from Microsoft’s previous quarterly dividend of $0.42. Microsoft’s dividend payout ratio (DPR) is 43.30%.

A number of research analysts recently weighed in on MSFT shares. Barclays raised their target price on shares of Microsoft from $117.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, September 7th. Oppenheimer set a $127.00 target price on shares of Microsoft and gave the company a “buy” rating in a research report on Monday, October 1st. Credit Suisse Group set a $125.00 target price on shares of Microsoft and gave the company a “buy” rating in a research report on Tuesday, October 2nd. Wells Fargo & Co reaffirmed a “buy” rating and issued a $130.00 target price on shares of Microsoft in a research report on Thursday, September 27th. Finally, Nomura set a $115.00 target price on shares of Microsoft and gave the company a “buy” rating in a research report on Thursday, October 25th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, thirty-three have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Microsoft presently has a consensus rating of “Buy” and a consensus price target of $121.88.

In other news, CEO Satya Nadella sold 328,000 shares of the firm’s stock in a transaction dated Friday, August 10th. The shares were sold at an average price of $109.44, for a total transaction of $35,896,320.00. Following the completion of the sale, the chief executive officer now owns 778,596 shares in the company, valued at approximately $85,209,546.24. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CMO Christopher C. Capossela sold 23,337 shares of the firm’s stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $109.22, for a total transaction of $2,548,867.14. Following the sale, the chief marketing officer now owns 190,570 shares of the company’s stock, valued at approximately $20,814,055.40. The disclosure for this sale can be found here. In the last three months, insiders sold 806,460 shares of company stock valued at $87,904,992. Insiders own 1.38% of the company’s stock.

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.

Further Reading: Initial Public Offering (IPO)

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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