M&R Capital Management Inc. reduced its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 0.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 71,221 shares of the software giant’s stock after selling 299 shares during the period. Microsoft accounts for 3.7% of M&R Capital Management Inc.’s investment portfolio, making the stock its 2nd biggest holding. M&R Capital Management Inc.’s holdings in Microsoft were worth $14,979,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently bought and sold shares of the company. Citizens National Bank Trust Department lifted its position in Microsoft by 2.7% during the 2nd quarter. Citizens National Bank Trust Department now owns 32,332 shares of the software giant’s stock worth $6,580,000 after acquiring an additional 853 shares during the last quarter. Canandaigua National Corp acquired a new position in Microsoft during the 2nd quarter worth $28,720,000. Nelson Roberts Investment Advisors LLC lifted its position in Microsoft by 0.4% during the 1st quarter. Nelson Roberts Investment Advisors LLC now owns 108,476 shares of the software giant’s stock worth $17,108,000 after acquiring an additional 438 shares during the last quarter. Empowered Funds LLC acquired a new position in Microsoft during the 2nd quarter worth $1,374,000. Finally, Roundview Capital LLC lifted its position in Microsoft by 6.5% during the 1st quarter. Roundview Capital LLC now owns 111,865 shares of the software giant’s stock worth $17,642,000 after acquiring an additional 6,860 shares during the last quarter. Institutional investors and hedge funds own 69.93% of the company’s stock.
MSFT traded up $2.13 during mid-day trading on Thursday, hitting $212.46. The stock had a trading volume of 27,116,660 shares, compared to its average volume of 40,828,711. The stock’s fifty day simple moving average is $211.35 and its 200-day simple moving average is $190.69. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.52 and a quick ratio of 2.49. The firm has a market capitalization of $1,607.82 billion, a price-to-earnings ratio of 36.94, a price-to-earnings-growth ratio of 2.35 and a beta of 0.89. Microsoft Co. has a 1-year low of $132.52 and a 1-year high of $232.86.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Thursday, November 19th will be issued a $0.56 dividend. The ex-dividend date of this dividend is Wednesday, November 18th. This is a positive change from Microsoft’s previous quarterly dividend of $0.51. This represents a $2.24 annualized dividend and a yield of 1.05%. Microsoft’s dividend payout ratio (DPR) is 35.42%.
In other news, CMO Christopher C. Capossela sold 23,000 shares of the stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $210.70, for a total transaction of $4,846,100.00. Following the completion of the sale, the chief marketing officer now owns 122,943 shares of the company’s stock, valued at $25,904,090.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Amy Hood sold 80,000 shares of the stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $218.14, for a total transaction of $17,451,200.00. Following the sale, the chief financial officer now directly owns 452,720 shares of the company’s stock, valued at approximately $98,756,340.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 164,067 shares of company stock worth $35,247,737. Company insiders own 1.39% of the company’s stock.
Several research firms have recently issued reports on MSFT. JPMorgan Chase & Co. boosted their price objective on shares of Microsoft from $190.00 to $220.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. Wedbush boosted their price objective on shares of Microsoft from $220.00 to $260.00 and gave the stock an “outperform” rating in a report on Thursday, July 9th. Oppenheimer began coverage on shares of Microsoft in a report on Monday, August 3rd. They set a “hold” rating on the stock. Mizuho boosted their price objective on shares of Microsoft from $225.00 to $240.00 and gave the stock a “buy” rating in a report on Monday, August 31st. Finally, Barclays upped their target price on shares of Microsoft from $204.00 to $234.00 and gave the company an “overweight” rating in a research note on Monday, July 20th. Five investment analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $216.72.
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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