Microsoft Co. (MSFT) Shares Sold by Montag A & Associates Inc.
Montag A & Associates Inc. lessened its stake in Microsoft Co. (NASDAQ:MSFT) by 0.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 132,754 shares of the software giant’s stock after selling 690 shares during the quarter. Microsoft comprises approximately 1.1% of Montag A & Associates Inc.’s holdings, making the stock its 14th biggest holding. Montag A & Associates Inc.’s holdings in Microsoft were worth $9,889,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in MSFT. Beese Fulmer Investment Management Inc. lifted its holdings in shares of Microsoft by 0.7% during the 2nd quarter. Beese Fulmer Investment Management Inc. now owns 126,977 shares of the software giant’s stock valued at $8,752,000 after acquiring an additional 858 shares in the last quarter. Nottingham Advisors Inc. lifted its holdings in shares of Microsoft by 0.4% during the 2nd quarter. Nottingham Advisors Inc. now owns 5,399 shares of the software giant’s stock valued at $372,000 after acquiring an additional 22 shares in the last quarter. Winslow Evans & Crocker Inc. lifted its holdings in shares of Microsoft by 96.0% during the 2nd quarter. Winslow Evans & Crocker Inc. now owns 97,583 shares of the software giant’s stock valued at $6,657,000 after acquiring an additional 47,793 shares in the last quarter. MCF Advisors LLC lifted its holdings in shares of Microsoft by 1.4% during the 2nd quarter. MCF Advisors LLC now owns 19,256 shares of the software giant’s stock valued at $1,327,000 after acquiring an additional 260 shares in the last quarter. Finally, Aviance Capital Partners LLC lifted its holdings in Microsoft by 11.5% in the 2nd quarter. Aviance Capital Partners LLC now owns 22,284 shares of the software giant’s stock worth $1,536,000 after buying an additional 2,291 shares in the last quarter. Institutional investors own 73.07% of the company’s stock.
Shares of Microsoft Co. (NASDAQ:MSFT) opened at $90.81 on Thursday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 2.85 and a current ratio of 2.89. Microsoft Co. has a 1 year low of $63.62 and a 1 year high of $96.07. The firm has a market cap of $700,560.00, a PE ratio of 61.36, a P/E/G ratio of 2.07 and a beta of 1.06.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Investors of record on Thursday, February 15th will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date of this dividend is Wednesday, February 14th. Microsoft’s dividend payout ratio is presently 113.51%.
A number of equities analysts have commented on the stock. Vetr upgraded shares of Microsoft from a “buy” rating to a “strong-buy” rating and set a $95.92 price objective on the stock in a report on Monday. Tigress Financial reiterated a “buy” rating on shares of Microsoft in a report on Wednesday. Goldman Sachs Group set a $103.00 price objective on shares of Microsoft and gave the stock a “buy” rating in a report on Thursday, February 1st. Wells Fargo & Co set a $105.00 price objective on shares of Microsoft and gave the stock a “buy” rating in a report on Thursday, February 1st. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $107.00 price objective (up previously from $100.00) on shares of Microsoft in a report on Thursday, February 1st. One research analyst has rated the stock with a sell rating, six have given a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $99.14.
In other Microsoft news, insider Frank H. Brod sold 18,000 shares of the business’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $83.15, for a total transaction of $1,496,700.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Christopher C. Capossela sold 4,000 shares of the business’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $83.44, for a total transaction of $333,760.00. Following the transaction, the executive vice president now directly owns 184,278 shares of the company’s stock, valued at $15,376,156.32. The disclosure for this sale can be found here. 1.49% of the stock is owned by corporate insiders.
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Microsoft Company Profile
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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