Lee Financial Group Hawaii Inc. Trims Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Lee Financial Group Hawaii Inc. reduced its position in Microsoft Co. (NASDAQ:MSFT) by 14.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,049 shares of the software giant’s stock after selling 515 shares during the quarter. Microsoft comprises about 0.6% of Lee Financial Group Hawaii Inc.’s holdings, making the stock its 17th biggest holding. Lee Financial Group Hawaii Inc.’s holdings in Microsoft were worth $826,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD lifted its position in Microsoft by 0.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 178,824,616 shares of the software giant’s stock valued at $42,161,479,000 after purchasing an additional 1,324,459 shares during the last quarter. Geode Capital Management LLC lifted its position in Microsoft by 2.1% during the first quarter. Geode Capital Management LLC now owns 120,231,394 shares of the software giant’s stock valued at $28,271,347,000 after purchasing an additional 2,433,232 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Microsoft by 2.0% during the first quarter. Bank of New York Mellon Corp now owns 84,365,516 shares of the software giant’s stock valued at $19,890,858,000 after purchasing an additional 1,652,275 shares during the last quarter. UBS Asset Management Americas Inc. lifted its position in Microsoft by 1.6% during the first quarter. UBS Asset Management Americas Inc. now owns 55,655,159 shares of the software giant’s stock valued at $12,950,528,000 after purchasing an additional 868,951 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its position in Microsoft by 1.0% during the second quarter. Alliancebernstein L.P. now owns 46,706,332 shares of the software giant’s stock valued at $12,652,745,000 after purchasing an additional 461,610 shares during the last quarter. Institutional investors own 69.17% of the company’s stock.

In other news, EVP Kathleen T. Hogan sold 20,000 shares of the company’s stock in a transaction dated Friday, September 10th. The shares were sold at an average price of $298.68, for a total transaction of $5,973,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Amy Hood sold 60,000 shares of the stock in a transaction that occurred on Wednesday, September 1st. The stock was sold at an average price of $303.08, for a total transaction of $18,184,800.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 165,573 shares of company stock worth $50,066,379. 0.05% of the stock is currently owned by company insiders.

Shares of MSFT stock opened at $299.79 on Wednesday. Microsoft Co. has a 12 month low of $196.25 and a 12 month high of $305.84. The stock has a market cap of $2.25 trillion, a PE ratio of 37.24, a price-to-earnings-growth ratio of 3.10 and a beta of 0.78. The company has a current ratio of 2.08, a quick ratio of 2.05 and a debt-to-equity ratio of 0.35. The company’s fifty day moving average price is $291.10 and its 200-day moving average price is $264.36.

Microsoft (NASDAQ:MSFT) last announced its earnings results on Monday, July 26th. The software giant reported $2.17 EPS for the quarter, beating the Zacks’ consensus estimate of $1.92 by $0.25. The firm had revenue of $46.15 billion for the quarter, compared to analysts’ expectations of $44.30 billion. Microsoft had a net margin of 36.45% and a return on equity of 45.76%. The company’s quarterly revenue was up 21.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.46 EPS. On average, sell-side analysts forecast that Microsoft Co. will post 8.61 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 9th. Investors of record on Thursday, November 18th will be paid a $0.62 dividend. This is a boost from Microsoft’s previous quarterly dividend of $0.56. This represents a $2.48 dividend on an annualized basis and a yield of 0.83%. Microsoft’s payout ratio is presently 28.11%.

MSFT has been the subject of several research analyst reports. Fundamental Research lifted their target price on shares of Microsoft from $256.70 to $281.78 and gave the company a “hold” rating in a research report on Sunday, August 29th. UBS Group lifted their price target on shares of Microsoft from $325.00 to $350.00 and gave the stock a “buy” rating in a research note on Friday, August 20th. Rosenblatt Securities lifted their price target on shares of Microsoft from $333.00 to $349.00 and gave the stock a “buy” rating in a research note on Wednesday, July 28th. Wolfe Research lifted their price target on shares of Microsoft from $290.00 to $315.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 28th. Finally, Bank of America lifted their price target on shares of Microsoft from $325.00 to $340.00 and gave the stock a “buy” rating in a research note on Wednesday, July 28th. Two investment analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $322.93.

Microsoft Profile

Microsoft Corp. engages in the development and support of software, services, devices, and solutions. It operates through the following business segments: Productivity and Business Processes; Intelligent Cloud; and More Personal Computing. The Productivity and Business Processes segment comprises products and services in the portfolio of productivity, communication, and information services of the company spanning a variety of devices and platform.

Recommended Story: Federal Reserve

Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Co. (NASDAQ:MSFT).

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.