Marble Harbor Investment Counsel LLC Has $19.72 Million Position in Microsoft Co. (NASDAQ:MSFT)

Marble Harbor Investment Counsel LLC lessened its position in Microsoft Co. (NASDAQ:MSFT) by 1.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 194,191 shares of the software giant’s stock after selling 2,718 shares during the quarter. Microsoft comprises about 3.9% of Marble Harbor Investment Counsel LLC’s investment portfolio, making the stock its 2nd biggest position. Marble Harbor Investment Counsel LLC’s holdings in Microsoft were worth $19,724,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Valmark Advisers Inc. boosted its position in shares of Microsoft by 1.1% during the 4th quarter. Valmark Advisers Inc. now owns 10,342 shares of the software giant’s stock valued at $1,050,000 after acquiring an additional 110 shares in the last quarter. Guardian Investment Management boosted its position in shares of Microsoft by 4.2% during the 4th quarter. Guardian Investment Management now owns 30,770 shares of the software giant’s stock valued at $3,125,000 after acquiring an additional 1,240 shares in the last quarter. Prio Wealth Limited Partnership boosted its position in shares of Microsoft by 0.9% during the 4th quarter. Prio Wealth Limited Partnership now owns 230,781 shares of the software giant’s stock valued at $23,440,000 after acquiring an additional 2,144 shares in the last quarter. Whitener Capital Management Inc. boosted its position in shares of Microsoft by 44.1% during the 4th quarter. Whitener Capital Management Inc. now owns 41,290 shares of the software giant’s stock valued at $4,193,000 after acquiring an additional 12,630 shares in the last quarter. Finally, Cornell Pochily Investment Advisors Inc. boosted its position in shares of Microsoft by 18.9% during the 4th quarter. Cornell Pochily Investment Advisors Inc. now owns 20,913 shares of the software giant’s stock valued at $2,124,000 after acquiring an additional 3,327 shares in the last quarter. Hedge funds and other institutional investors own 72.04% of the company’s stock.

Shares of NASDAQ MSFT traded down $0.19 during trading on Friday, reaching $133.96. The company had a trading volume of 16,411,546 shares, compared to its average volume of 26,298,613. Microsoft Co. has a 52 week low of $93.96 and a 52 week high of $138.40. The stock has a market cap of $1,024.06 billion, a PE ratio of 34.53, a PEG ratio of 2.68 and a beta of 1.22. The company has a current ratio of 2.97, a quick ratio of 2.93 and a debt-to-equity ratio of 0.70. The business’s 50 day moving average is $129.39.

Microsoft (NASDAQ:MSFT) last announced its earnings results on Wednesday, April 24th. The software giant reported $1.14 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.00 by $0.14. Microsoft had a net margin of 28.58% and a return on equity of 39.34%. The company had revenue of $30.57 billion during the quarter, compared to the consensus estimate of $29.86 billion. During the same period in the previous year, the firm posted $0.95 earnings per share. The company’s revenue was up 14.0% on a year-over-year basis. As a group, equities analysts expect that Microsoft Co. will post 4.58 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 15th will be paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend is Wednesday, August 14th. Microsoft’s dividend payout ratio is presently 47.42%.

Several analysts have recently weighed in on MSFT shares. JPMorgan Chase & Co. lifted their target price on shares of Microsoft from $115.00 to $125.00 and gave the company an “overweight” rating in a research report on Thursday, March 28th. BMO Capital Markets lifted their target price on shares of Microsoft from $125.00 to $147.00 and gave the company an “outperform” rating in a research report on Thursday, April 25th. Wedbush reiterated an “outperform” rating and set a $155.00 target price on shares of Microsoft in a research report on Thursday, June 13th. Barclays lifted their target price on shares of Microsoft from $132.00 to $152.00 and gave the company an “overweight” rating in a research report on Thursday, April 25th. Finally, Credit Suisse Group set a $145.00 price target on shares of Microsoft and gave the company a “buy” rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-five have given a buy rating and three have assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $136.64.

In related news, EVP Christopher C. Capossela sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $126.02, for a total transaction of $630,100.00. Following the completion of the sale, the executive vice president now directly owns 144,934 shares of the company’s stock, valued at $18,264,582.68. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, President Bradford L. Smith sold 192,300 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $130.34, for a total transaction of $25,064,382.00. Following the sale, the president now directly owns 754,442 shares of the company’s stock, valued at $98,333,970.28. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 216,247 shares of company stock valued at $28,204,754. 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, 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.

Featured Story: What does a neutral rating on stocks mean?

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

Receive News & Ratings for Microsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft and related companies with MarketBeat.com's FREE daily email newsletter.