Totem Point Management LLC Cuts Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

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Totem Point Management LLC lowered its position in Microsoft Co. (NASDAQ:MSFT) by 11.6% during the 4th quarter, Holdings Channel reports. The fund owned 67,886 shares of the software giant’s stock after selling 8,894 shares during the period. Microsoft makes up 4.6% of Totem Point Management LLC’s portfolio, making the stock its 9th largest holding. Totem Point Management LLC’s holdings in Microsoft were worth $10,706,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Benjamin Edwards Inc. lifted its holdings in shares of Microsoft by 77.3% in the fourth quarter. Benjamin Edwards Inc. now owns 195 shares of the software giant’s stock valued at $31,000 after purchasing an additional 85 shares in the last quarter. Carolina Wealth Advisors LLC bought a new position in shares of Microsoft in the fourth quarter valued at approximately $37,000. Vaughan AND Company Securities Inc. bought a new position in shares of Microsoft in the fourth quarter valued at approximately $67,000. John W. Brooker & Co. CPAs bought a new position in shares of Microsoft in the fourth quarter valued at approximately $74,000. Finally, Ogorek Anthony Joseph NY ADV lifted its holdings in shares of Microsoft by 69.1% in the fourth quarter. Ogorek Anthony Joseph NY ADV now owns 531 shares of the software giant’s stock valued at $83,000 after purchasing an additional 217 shares in the last quarter. Institutional investors and hedge funds own 72.34% of the company’s stock.

NASDAQ:MSFT traded down $1.42 during trading hours on Wednesday, hitting $146.92. 75,541,516 shares of the company’s stock traded hands, compared to its average volume of 48,221,152. The firm has a market cap of $1,166.24 billion, a P/E ratio of 25.60, a P/E/G ratio of 1.87 and a beta of 1.11. Microsoft Co. has a 52 week low of $115.52 and a 52 week high of $190.70. The business’s fifty day simple moving average is $167.14 and its two-hundred day simple moving average is $153.81. The company has a quick ratio of 2.77, a current ratio of 2.80 and a debt-to-equity ratio of 0.64.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Wednesday, January 29th. The software giant reported $1.51 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.32 by $0.19. The company had revenue of $36.91 billion during the quarter, compared to analyst estimates of $35.68 billion. Microsoft had a return on equity of 40.41% and a net margin of 33.02%. The firm’s quarterly revenue was up 13.7% on a year-over-year basis. During the same quarter last year, the company earned $1.10 earnings per share. On average, analysts expect that Microsoft Co. will post 5.61 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Thursday, May 21st will be paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 1.39%. The ex-dividend date is Wednesday, May 20th. Microsoft’s dividend payout ratio (DPR) is currently 42.95%.

In other Microsoft news, EVP Jean Philippe Courtois sold 18,000 shares of Microsoft stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $179.55, for a total transaction of $3,231,900.00. Following the completion of the sale, the executive vice president now owns 582,510 shares of the company’s stock, valued at $104,589,670.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.39% of the company’s stock.

A number of analysts recently commented on the company. Citigroup reaffirmed a “hold” rating and set a $174.00 price target on shares of Microsoft in a research report on Thursday, February 27th. Tigress Financial reissued a “buy” rating on shares of Microsoft in a research report on Monday, December 23rd. Wedbush reissued a “buy” rating and issued a $210.00 target price on shares of Microsoft in a research report on Monday, March 16th. UBS Group raised their target price on Microsoft from $162.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Finally, Sanford C. Bernstein raised their target price on Microsoft from $174.00 to $203.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Two research analysts have rated the stock with a hold rating, thirty-two have given a buy rating and two have given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $185.13.

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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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