Gilbert & Cook Inc. trimmed its stake in Microsoft Co. (NASDAQ:MSFT) by 46.9% in the third quarter, HoldingsChannel.com reports. The firm owned 12,470 shares of the software giant’s stock after selling 11,027 shares during the quarter. Gilbert & Cook Inc.’s holdings in Microsoft were worth $929,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in MSFT. Appropriate Balance Financial Services Inc. grew its stake in Microsoft by 4.7% during the second quarter. Appropriate Balance Financial Services Inc. now owns 643 shares of the software giant’s stock worth $9,331,000 after buying an additional 29 shares during the period. Acrospire Investment Management LLC boosted its stake in shares of Microsoft by 300.0% in the second quarter. Acrospire Investment Management LLC now owns 1,600 shares of the software giant’s stock valued at $110,000 after purchasing an additional 1,200 shares during the period. Stelac Advisory Services LLC boosted its stake in shares of Microsoft by 23.5% in the second quarter. Stelac Advisory Services LLC now owns 2,033 shares of the software giant’s stock valued at $140,000 after purchasing an additional 387 shares during the period. Pacific Center for Financial Services boosted its stake in shares of Microsoft by 3.0% in the second quarter. Pacific Center for Financial Services now owns 2,572 shares of the software giant’s stock valued at $177,000 after purchasing an additional 75 shares during the period. Finally, AlphaMark Advisors LLC boosted its stake in shares of Microsoft by 1.1% in the second quarter. AlphaMark Advisors LLC now owns 2,677 shares of the software giant’s stock valued at $185,000 after purchasing an additional 30 shares during the period. Hedge funds and other institutional investors own 73.19% of the company’s stock.

Several research analysts have recently weighed in on the stock. Morgan Stanley set a $100.00 target price on shares of Microsoft and gave the company a “buy” rating in a research note on Thursday. Zacks Investment Research upgraded shares of Microsoft from a “hold” rating to a “buy” rating and set a $99.00 target price for the company in a research note on Wednesday. Vetr downgraded shares of Microsoft from a “buy” rating to a “hold” rating and set a $93.54 target price for the company. in a research note on Wednesday. Credit Suisse Group restated an “outperform” rating and issued a $115.00 target price (up from $95.00) on shares of Microsoft in a research note on Thursday. Finally, UBS Group set a $105.00 target price on shares of Microsoft and gave the company a “buy” rating in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and thirty have issued a buy rating to the stock. Microsoft currently has a consensus rating of “Buy” and a consensus price target of $88.32.

In other Microsoft news, EVP Christopher C. Capossela sold 4,000 shares of the stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $83.48, for a total transaction of $333,920.00. Following the sale, the executive vice president now directly owns 185,278 shares of the company’s stock, valued at $15,467,007.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Frank H. Brod sold 15,000 shares of the stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $84.08, for a total transaction of $1,261,200.00. Following the sale, the insider now directly owns 116,205 shares in the company, valued at $9,770,516.40. The disclosure for this sale can be found here. Insiders have sold 45,000 shares of company stock worth $3,759,420 over the last three months. 1.49% of the stock is owned by corporate insiders.

Shares of Microsoft Co. (MSFT) opened at $90.00 on Friday. The stock has a market cap of $694,310.00, a price-to-earnings ratio of 30.41, a P/E/G ratio of 2.11 and a beta of 0.99. The company has a quick ratio of 3.06, a current ratio of 3.12 and a debt-to-equity ratio of 0.91. Microsoft Co. has a twelve month low of $62.37 and a twelve month high of $90.79.

Microsoft (NASDAQ:MSFT) last issued its earnings results on Thursday, October 26th. The software giant reported $0.84 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.12. The company had revenue of $24.50 billion for the quarter, compared to analysts’ expectations of $23.57 billion. Microsoft had a net margin of 24.56% and a return on equity of 35.23%. The firm’s revenue was up 11.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.76 earnings per share. equities analysts predict that Microsoft Co. will post 3.39 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Thursday, February 15th will be issued a dividend of $0.42 per share. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.87%. Microsoft’s dividend payout ratio (DPR) is 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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