Avalon Advisors LLC reduced its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 29.1% during the first quarter, Holdings Channel reports. The institutional investor owned 516,261 shares of the software giant’s stock after selling 211,802 shares during the quarter. Microsoft comprises 1.4% of Avalon Advisors LLC’s portfolio, making the stock its 8th biggest holding. Avalon Advisors LLC’s holdings in Microsoft were worth $47,119,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Claraphi Advisory Network LLC lifted its holdings in Microsoft by 4.8% in the first quarter. Claraphi Advisory Network LLC now owns 11,660 shares of the software giant’s stock worth $1,064,000 after buying an additional 529 shares during the period. Nicollet Investment Management Inc. lifted its holdings in Microsoft by 1.0% in the first quarter. Nicollet Investment Management Inc. now owns 54,436 shares of the software giant’s stock worth $4,968,000 after buying an additional 538 shares during the period. Stonebridge Capital Advisors LLC lifted its holdings in Microsoft by 0.5% in the first quarter. Stonebridge Capital Advisors LLC now owns 112,612 shares of the software giant’s stock worth $10,278,000 after buying an additional 539 shares during the period. Clearwater Capital Advisors LLC lifted its holdings in Microsoft by 10.5% in the first quarter. Clearwater Capital Advisors LLC now owns 5,698 shares of the software giant’s stock worth $520,000 after buying an additional 540 shares during the period. Finally, Intrust Bank NA lifted its holdings in Microsoft by 0.9% in the first quarter. Intrust Bank NA now owns 62,648 shares of the software giant’s stock worth $5,718,000 after buying an additional 547 shares during the period. 71.75% of the stock is currently owned by hedge funds and other institutional investors.

Shares of MSFT opened at $113.21 on Wednesday. The company has a market cap of $872.93 billion, a P/E ratio of 29.27, a PEG ratio of 2.17 and a beta of 1.26. The company has a quick ratio of 2.86, a current ratio of 2.90 and a debt-to-equity ratio of 0.94. Microsoft Co. has a twelve month low of $72.92 and a twelve month high of $113.73.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Thursday, July 19th. The software giant reported $1.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.05. The company had revenue of $30.09 billion during the quarter, compared to the consensus estimate of $29.23 billion. Microsoft had a net margin of 15.02% and a return on equity of 36.69%. The firm’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.75 earnings per share. sell-side analysts anticipate that Microsoft Co. will post 4.25 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 13th. Investors of record on Thursday, November 15th will be given a dividend of $0.46 per share. The ex-dividend date is Wednesday, November 14th. This represents a $1.84 annualized dividend and a dividend yield of 1.63%. This is an increase from Microsoft’s previous quarterly dividend of $0.42. Microsoft’s dividend payout ratio (DPR) is 43.30%.

In related news, CFO Amy Hood sold 118,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $110.90, for a total transaction of $13,086,200.00. Following the completion of the sale, the chief financial officer now owns 669,327 shares of the company’s stock, valued at $74,228,364.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO Christopher C. Capossela sold 23,337 shares of the firm’s stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $109.22, for a total transaction of $2,548,867.14. Following the sale, the chief marketing officer now directly owns 190,570 shares of the company’s stock, valued at approximately $20,814,055.40. The disclosure for this sale can be found here. Insiders have sold 650,042 shares of company stock valued at $71,264,850 in the last three months. 1.49% of the stock is owned by insiders.

MSFT has been the subject of several research analyst reports. Atlantic Securities upgraded shares of Microsoft from a “neutral” rating to an “overweight” rating in a report on Monday, June 25th. Credit Suisse Group set a $125.00 price objective on shares of Microsoft and gave the stock a “buy” rating in a report on Monday, August 27th. Goldman Sachs Group restated a “buy” rating and issued a $123.00 price objective on shares of Microsoft in a report on Monday, August 20th. JPMorgan Chase & Co. set a $115.00 price objective on shares of Microsoft and gave the stock a “buy” rating in a report on Friday, July 20th. Finally, Morgan Stanley restated a “buy” rating and issued a $130.00 price objective on shares of Microsoft in a report on Monday, June 11th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty have given a buy rating and two have issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $119.74.

About Microsoft

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates through Productivity and Business Processes, Intelligent Cloud, and More Personal Computing segments. The Productivity and Business Processes segment offers Office 365 commercial products and services for businesses, such as Office, Exchange, SharePoint, Skype for Business, Microsoft Teams, and related Client Access Licenses (CALs); Office 365 consumer services, including Skype, Outlook.com, and OneDrive; LinkedIn online professional network; and Dynamics business solutions comprising financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and medium businesses, large organizations, and divisions of enterprises.

See Also: Fiduciary

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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