Bremer Trust National Association cut its stake in Microsoft Co. (NASDAQ:MSFT) by 5.5% in the third quarter, HoldingsChannel reports. The firm owned 22,679 shares of the software giant’s stock after selling 1,328 shares during the quarter. Bremer Trust National Association’s holdings in Microsoft were worth $1,689,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of MSFT. Acrospire Investment Management LLC grew its position in Microsoft by 300.0% in the second 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 period. Hefty Wealth Partners grew its position in Microsoft by 65.6% in the second 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 period. Stelac Advisory Services LLC grew its position in Microsoft by 23.5% in the second 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 period. Pacific Center for Financial Services grew its position in Microsoft by 3.0% in the second quarter. Pacific Center for Financial Services now owns 2,572 shares of the software giant’s stock worth $177,000 after acquiring an additional 75 shares during the period. Finally, AlphaMark Advisors LLC grew its position in Microsoft by 1.1% in the second quarter. AlphaMark Advisors LLC now owns 2,677 shares of the software giant’s stock worth $185,000 after acquiring an additional 30 shares during the period. Institutional investors and hedge funds own 73.16% of the company’s stock.

In other news, 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 value 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Christopher C. Capossela sold 4,000 shares of the stock in a transaction on Friday, November 10th. The shares were sold at an average price of $83.46, for a total value of $333,840.00. Following the completion of the sale, the executive vice president now owns 189,278 shares in the company, valued at $15,797,141.88. The disclosure for this sale can be found here. Over the last quarter, insiders sold 45,000 shares of company stock worth $3,759,420. Insiders own 1.49% of the company’s stock.

Shares of Microsoft Co. (MSFT) opened at $89.60 on Friday. The stock has a market capitalization of $691,230.00, a price-to-earnings ratio of 30.27, a PEG ratio of 2.05 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 52 week low of $62.03 and a 52 week high of $89.78.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Thursday, October 26th. The software giant reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.12. The business 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 revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period last year, the firm earned $0.76 earnings per share. analysts anticipate that Microsoft Co. will post 3.39 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, February 15th will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 1.88%. The ex-dividend date of this dividend is Wednesday, February 14th. Microsoft’s payout ratio is currently 56.76%.

MSFT has been the subject of several analyst reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $88.00 price objective (up from $85.00) on shares of Microsoft in a research report on Friday, October 27th. UBS Group set a $105.00 price objective on Microsoft and gave the stock a “buy” rating in a research report on Thursday, November 9th. Vetr lowered Microsoft from a “strong-buy” rating to a “buy” rating and set a $93.77 price objective for the company. in a research report on Monday, December 11th. KeyCorp reiterated a “buy” rating and issued a $94.00 price objective on shares of Microsoft in a research report on Friday, October 27th. Finally, Citigroup increased their price objective on Microsoft from $74.00 to $79.00 and gave the stock a “sell” rating in a research report on Friday, October 27th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and thirty-one have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $86.97.

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Microsoft 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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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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