Microsoft Co. (NASDAQ:MSFT) Shares Sold by Smith Salley & Associates

Smith Salley & Associates cut its holdings in Microsoft Co. (NASDAQ:MSFT) by 6.5% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 209,893 shares of the software giant’s stock after selling 14,699 shares during the quarter. Microsoft makes up 4.2% of Smith Salley & Associates’ portfolio, making the stock its largest position. Smith Salley & Associates’ holdings in Microsoft were worth $28,117,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Horan Capital Management lifted its position in Microsoft by 2.0% during the fourth quarter. Horan Capital Management now owns 278,936 shares of the software giant’s stock valued at $28,331,000 after buying an additional 5,371 shares in the last quarter. Legacy Advisors LLC lifted its position in Microsoft by 1.9% during the fourth quarter. Legacy Advisors LLC now owns 12,393 shares of the software giant’s stock valued at $1,259,000 after buying an additional 232 shares in the last quarter. Spirit of America Management Corp NY lifted its position in shares of Microsoft by 2.0% during the fourth quarter. Spirit of America Management Corp NY now owns 35,959 shares of the software giant’s stock worth $3,652,000 after purchasing an additional 709 shares in the last quarter. KAMES CAPITAL plc lifted its position in shares of Microsoft by 15.7% during the fourth quarter. KAMES CAPITAL plc now owns 762,529 shares of the software giant’s stock worth $77,511,000 after purchasing an additional 103,619 shares in the last quarter. Finally, Bouchey Financial Group Ltd lifted its position in shares of Microsoft by 10.5% during the fourth quarter. Bouchey Financial Group Ltd now owns 7,084 shares of the software giant’s stock worth $720,000 after purchasing an additional 674 shares in the last quarter. Hedge funds and other institutional investors own 72.12% of the company’s stock.

A number of research analysts have recently commented on MSFT shares. Credit Suisse Group set a $203.00 target price on shares of Union Pacific and gave the stock a “buy” rating in a research report on Friday, July 19th. CIBC boosted their target price on shares of Intact Financial from C$120.00 to C$134.00 and gave the stock a “neutral” rating in a research report on Friday, July 19th. Mizuho set a $152.00 target price on shares of Microsoft and gave the stock a “buy” rating in a research report on Friday, July 19th. Argus boosted their target price on shares of Microsoft to $158.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Finally, Nomura boosted their target price on shares of Visa from $175.00 to $178.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. One analyst has rated the stock with a sell rating, two have given a hold rating, twenty-eight have issued a buy rating and two have given a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $149.21.

In related news, EVP Christopher C. Capossela sold 5,000 shares of the company’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $126.02, for a total value of $630,100.00. Following the completion of the sale, the executive vice president now owns 144,934 shares of the company’s stock, valued at $18,264,582.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Frank H. Brod sold 4,000 shares of the company’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $141.05, for a total transaction of $564,200.00. Following the completion of the sale, the insider now directly owns 64,152 shares of the company’s stock, valued at approximately $9,048,639.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 27,947 shares of company stock valued at $3,704,572. 1.38% of the stock is owned by insiders.

MSFT stock traded down $1.41 during trading on Wednesday, hitting $138.94. 11,592,076 shares of the company’s stock traded hands, compared to its average volume of 20,624,808. The company has a quick ratio of 2.50, a current ratio of 2.53 and a debt-to-equity ratio of 0.71. Microsoft Co. has a 52 week low of $93.96 and a 52 week high of $141.68. The firm’s fifty day moving average price is $136.56. The stock has a market cap of $1,083.06 billion, a PE ratio of 29.25, a price-to-earnings-growth ratio of 2.47 and a beta of 1.21.

Microsoft (NASDAQ:MSFT) last released its earnings results on Thursday, July 18th. The software giant reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.16. Microsoft had a net margin of 31.18% and a return on equity of 39.26%. The firm had revenue of $33.72 billion during the quarter, compared to analyst estimates of $32.80 billion. During the same quarter in the previous year, the firm earned $1.13 earnings per share. The firm’s revenue for the quarter was up 12.1% compared to the same quarter last year. As a group, equities analysts forecast that Microsoft Co. will post 5.21 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 15th will be paid a dividend of $0.46 per share. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $1.84 annualized dividend and a yield of 1.32%. Microsoft’s payout ratio is 38.74%.

Microsoft Company Profile

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its company's Productivity and Business Processes segment offers Office 365 commercial products and services, 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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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