White Pine Investment CO lowered its position in Microsoft Co. (NASDAQ:MSFT) by 2.4% during the third quarter, HoldingsChannel.com reports. The fund owned 82,646 shares of the software giant’s stock after selling 2,005 shares during the quarter. Microsoft accounts for approximately 3.3% of White Pine Investment CO’s holdings, making the stock its 5th largest holding. White Pine Investment CO’s holdings in Microsoft were worth $6,156,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MSFT. Evanson Asset Management LLC grew its holdings in Microsoft by 1.7% during the 2nd quarter. Evanson Asset Management LLC now owns 20,202 shares of the software giant’s stock valued at $1,393,000 after buying an additional 335 shares during the last quarter. Koshinski Asset Management Inc. grew its holdings in Microsoft by 27.1% during the 2nd quarter. Koshinski Asset Management Inc. now owns 25,277 shares of the software giant’s stock valued at $1,742,000 after buying an additional 5,391 shares during the last quarter. Glaxis Capital Management LLC acquired a new stake in Microsoft during the 2nd quarter valued at $3,538,000. Dynamic Advisors Solutions LLC grew its holdings in Microsoft by 8.7% during the 2nd quarter. Dynamic Advisors Solutions LLC now owns 20,053 shares of the software giant’s stock valued at $1,382,000 after buying an additional 1,603 shares during the last quarter. Finally, Atria Investments LLC grew its holdings in Microsoft by 2.8% during the 2nd quarter. Atria Investments LLC now owns 145,795 shares of the software giant’s stock valued at $10,050,000 after buying an additional 4,033 shares during the last quarter. Institutional investors and hedge funds own 73.18% of the company’s stock.

Microsoft Co. (NASDAQ MSFT) opened at $91.61 on Tuesday. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.12 and a quick ratio of 3.06. The firm has a market capitalization of $706,730.00, a price-to-earnings ratio of 30.95, a P/E/G ratio of 2.11 and a beta of 0.99. Microsoft Co. has a 52-week low of $62.57 and a 52-week high of $91.62.

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 consensus estimate of $0.72 by $0.12. The business had revenue of $24.50 billion for the quarter, compared to analyst estimates of $23.57 billion. Microsoft had a return on equity of 35.23% and a net margin of 24.56%. The business’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period last year, the company posted $0.76 EPS. analysts predict that Microsoft Co. will post 3.39 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Investors of record on Thursday, February 15th will be given a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 1.83%. The ex-dividend date is Wednesday, February 14th. Microsoft’s dividend payout ratio (DPR) is currently 56.76%.

In other Microsoft news, EVP Christopher C. Capossela sold 4,000 shares of the firm’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $83.46, for a total value of $333,840.00. Following the transaction, the executive vice president now directly owns 189,278 shares of the company’s stock, valued at $15,797,141.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Frank H. Brod sold 18,000 shares of the firm’s stock in a transaction dated Monday, December 4th. The shares were 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. Insiders sold a total of 45,000 shares of company stock worth $3,759,420 over the last ninety days. Corporate insiders own 1.49% of the company’s stock.

MSFT has been the topic of a number of analyst reports. Royal Bank of Canada reiterated an “outperform” rating and set a $88.00 target price (up previously from $85.00) on shares of Microsoft in a report on Friday, October 27th. UBS Group set a $105.00 target price on Microsoft and gave the company a “buy” rating in a report on Thursday, November 9th. Vetr cut Microsoft from a “strong-buy” rating to a “buy” rating and set a $93.77 target price on the stock. in a report on Monday, December 11th. KeyCorp restated a “buy” rating and set a $94.00 price objective on shares of Microsoft in a report on Friday, October 27th. Finally, Citigroup raised their price objective on Microsoft from $74.00 to $79.00 and gave the stock a “sell” rating in a report on Friday, October 27th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirty have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $88.32.

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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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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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