Microsoft Co. (NASDAQ:MSFT) Shares Sold by Stonebridge Capital Management Inc.

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Stonebridge Capital Management Inc. lowered its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 2.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 91,351 shares of the software giant’s stock after selling 2,288 shares during the period. Microsoft comprises 5.9% of Stonebridge Capital Management Inc.’s portfolio, making the stock its largest holding. Stonebridge Capital Management Inc.’s holdings in Microsoft were worth $12,701,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in MSFT. Dimension Capital Management LLC increased its stake in shares of Microsoft by 7.5% in the 4th quarter. Dimension Capital Management LLC now owns 8,712 shares of the software giant’s stock worth $885,000 after purchasing an additional 609 shares in the last quarter. Mn Services Vermogensbeheer B.V. increased its stake in shares of Microsoft by 74.3% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 2,035,128 shares of the software giant’s stock worth $180,823,000 after purchasing an additional 867,711 shares in the last quarter. Noked Capital LTD purchased a new stake in shares of Microsoft in the 4th quarter worth $1,645,000. Elephas Investment Management Ltd purchased a new stake in shares of Microsoft in the 4th quarter worth $6,094,000. Finally, TT International increased its stake in shares of Microsoft by 9.3% in the 4th quarter. TT International now owns 115,602 shares of the software giant’s stock worth $11,741,000 after purchasing an additional 9,793 shares in the last quarter. Institutional investors own 72.16% of the company’s stock.

Shares of NASDAQ:MSFT traded up $2.01 during trading on Wednesday, reaching $137.68. The company’s stock had a trading volume of 2,749,955 shares, compared to its average volume of 24,929,936. The company has a current ratio of 2.53, a quick ratio of 2.50 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $1,035.90 billion, a PE ratio of 28.99, a price-to-earnings-growth ratio of 2.40 and a beta of 1.22. Microsoft Co. has a 12 month low of $93.96 and a 12 month high of $142.37. The firm’s 50 day simple moving average is $137.40 and its two-hundred day simple moving average is $131.72.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Thursday, July 18th. The software giant reported $1.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.21 by $0.16. The business had revenue of $33.72 billion during the quarter, compared to the consensus estimate of $32.80 billion. Microsoft had a net margin of 31.18% and a return on equity of 39.26%. The firm’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.13 earnings per share. Research analysts anticipate that Microsoft Co. will post 5.23 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be paid a $0.51 dividend. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $2.04 annualized dividend and a yield of 1.48%. This is an increase from Microsoft’s previous quarterly dividend of $0.46. Microsoft’s dividend payout ratio (DPR) is presently 38.74%.

Microsoft announced that its Board of Directors has initiated a stock buyback program on Wednesday, September 18th that permits the company to repurchase $40.00 billion in shares. This repurchase authorization permits the software giant to reacquire up to 3.8% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

MSFT has been the subject of several analyst reports. KeyCorp restated a “buy” rating and issued a $155.00 price objective on shares of Microsoft in a research note on Thursday, August 29th. Canaccord Genuity increased their price target on Microsoft from $145.00 to $155.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. CIBC increased their price target on Microsoft from $145.00 to $160.00 and gave the stock an “outperform” rating in a research note on Friday, July 19th. UBS Group set a $162.00 price target on Microsoft and gave the stock a “buy” rating in a research note on Friday, July 19th. Finally, Wedbush restated an “outperform” rating on shares of Microsoft in a research report on Thursday, August 29th. Three investment analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $151.52.

In other Microsoft news, insider Frank H. Brod sold 4,000 shares of the firm’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $141.05, for a total value of $564,200.00. Following the completion of the sale, the insider now owns 64,152 shares of the company’s stock, valued at $9,048,639.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CMO Christopher C. Capossela sold 3,372 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $138.06, for a total transaction of $465,538.32. Following the completion of the sale, the chief marketing officer now directly owns 136,623 shares of the company’s stock, valued at approximately $18,862,171.38. The disclosure for this sale can be found here. In the last three months, insiders sold 318,757 shares of company stock valued at $43,735,918. 1.38% of the stock is owned by insiders.

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, 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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