Newman Dignan & Sheerar Inc. cut its stake in Microsoft Corporation (NASDAQ:MSFT) by 1.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 52,832 shares of the software giant’s stock after selling 924 shares during the quarter. Microsoft accounts for 2.1% of Newman Dignan & Sheerar Inc.’s holdings, making the stock its 11th biggest position. Newman Dignan & Sheerar Inc.’s holdings in Microsoft were worth $3,935,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also modified their holdings of the company. Appropriate Balance Financial Services Inc. boosted its position in Microsoft by 4.7% during the 2nd quarter. Appropriate Balance Financial Services Inc. now owns 643 shares of the software giant’s stock worth $9,331,000 after acquiring an additional 29 shares during the last quarter. Acrospire Investment Management LLC boosted its position in Microsoft by 300.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,600 shares of the software giant’s stock worth $110,000 after acquiring an additional 1,200 shares during the last quarter. Hefty Wealth Partners boosted its position in Microsoft by 65.6% during the 2nd quarter. Hefty Wealth Partners now owns 1,648 shares of the software giant’s stock worth $113,000 after acquiring an additional 653 shares during the last quarter. Stelac Advisory Services LLC boosted its position in Microsoft by 23.5% during the 2nd quarter. Stelac Advisory Services LLC now owns 2,033 shares of the software giant’s stock worth $140,000 after acquiring an additional 387 shares during the last quarter. Finally, Opera Trading Capital boosted its position in Microsoft by 1,522.0% during the 2nd quarter. Opera Trading Capital now owns 2,433 shares of the software giant’s stock worth $168,000 after acquiring an additional 2,283 shares during the last quarter. Institutional investors and hedge funds own 73.15% of the company’s stock.

MSFT has been the subject of a number of recent research reports. Piper Jaffray Companies reaffirmed a “buy” rating and set a $90.00 price target on shares of Microsoft in a research report on Sunday, August 27th. BMO Capital Markets reaffirmed a “buy” rating and set a $86.00 price target on shares of Microsoft in a research report on Friday, August 25th. ValuEngine upgraded Microsoft from a “hold” rating to a “buy” rating in a research note on Wednesday, September 6th. KeyCorp reiterated a “buy” rating and set a $82.00 price objective on shares of Microsoft in a research note on Sunday, September 10th. Finally, Royal Bank of Canada reiterated a “buy” rating on shares of Microsoft in a research note on Friday, September 8th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirty have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $85.82.

In other news, EVP Christopher C. Capossela sold 4,000 shares of the stock in a transaction on Friday, November 10th. The stock was sold at an average price of $83.46, for a total transaction of $333,840.00. Following the sale, the executive vice president now directly owns 189,278 shares of the company’s stock, valued at approximately $15,797,141.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Frank H. Brod sold 18,000 shares of the stock in a transaction on Monday, December 4th. The stock was sold at an average price of $83.15, for a total value of $1,496,700.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 45,000 shares of company stock worth $3,759,420. 1.49% of the stock is currently owned by insiders.

Microsoft Corporation (NASDAQ MSFT) opened at $85.52 on Thursday. The company has a current ratio of 3.12, a quick ratio of 3.06 and a debt-to-equity ratio of 0.91. The firm has a market capitalization of $659,750.00, a price-to-earnings ratio of 25.56, a price-to-earnings-growth ratio of 2.01 and a beta of 0.99. Microsoft Corporation has a 12-month low of $61.95 and a 12-month high of $87.50.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Thursday, October 26th. The software giant reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.12. The firm had revenue of $24.50 billion for the quarter, compared to analysts’ expectations of $23.57 billion. Microsoft had a return on equity of 35.23% and a net margin of 24.56%. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.76 EPS. sell-side analysts forecast that Microsoft Corporation will post 3.38 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, February 15th will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 1.96%. The ex-dividend date of this dividend is Wednesday, February 14th. Microsoft’s dividend payout ratio (DPR) is currently 56.76%.

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About Microsoft

Microsoft Corporation is a technology company. The Company develops, licenses, and supports a range of software products, services and devices. The Company’s segments include Productivity and Business Processes, Intelligent Cloud and More Personal Computing. The Company’s products include operating systems; cross-device productivity applications; server applications; business solution applications; desktop and server management tools; software development tools; video games, and training and certification of computer system integrators and developers.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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