Rockefeller Capital Management L.P. Cuts Position in Microsoft Co. (NASDAQ:MSFT)

Rockefeller Capital Management L.P. trimmed its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 0.4% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,785,807 shares of the software giant’s stock after selling 7,418 shares during the period. Microsoft makes up 3.3% of Rockefeller Capital Management L.P.’s investment portfolio, making the stock its 4th largest holding. Rockefeller Capital Management L.P.’s holdings in Microsoft were worth $239,227,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of MSFT. New England Private Wealth Advisors LLC lifted its holdings in shares of Microsoft by 0.7% in the 2nd quarter. New England Private Wealth Advisors LLC now owns 10,520 shares of the software giant’s stock worth $1,408,000 after purchasing an additional 72 shares in the last quarter. Orgel Wealth Management LLC raised its position in Microsoft by 1.2% in the 2nd quarter. Orgel Wealth Management LLC now owns 6,492 shares of the software giant’s stock valued at $870,000 after buying an additional 74 shares during the last quarter. Planning Directions Inc. raised its position in Microsoft by 3.2% in the 2nd quarter. Planning Directions Inc. now owns 2,418 shares of the software giant’s stock valued at $324,000 after buying an additional 74 shares during the last quarter. Weybosset Research & Management LLC raised its position in Microsoft by 2.1% in the 2nd quarter. Weybosset Research & Management LLC now owns 3,625 shares of the software giant’s stock valued at $486,000 after buying an additional 75 shares during the last quarter. Finally, Torch Wealth Management LLC raised its position in Microsoft by 0.4% in the 2nd quarter. Torch Wealth Management LLC now owns 18,397 shares of the software giant’s stock valued at $2,464,000 after buying an additional 76 shares during the last quarter. Hedge funds and other institutional investors own 72.16% of the company’s stock.

Shares of Microsoft stock traded down $0.87 during trading hours on Monday, hitting $136.45. 390,668 shares of the company’s stock traded hands, compared to its average volume of 21,901,156. Microsoft Co. has a 12-month low of $93.96 and a 12-month high of $141.68. The stock has a market capitalization of $1,050.02 billion, a price-to-earnings ratio of 28.70, a PEG ratio of 2.39 and a beta of 1.22. The company has a fifty day simple moving average of $137.19 and a 200-day simple moving average of $128.64. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.53 and a quick ratio of 2.50.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Thursday, July 18th. The software giant reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.16. The company had revenue of $33.72 billion during the quarter, compared to the consensus estimate of $32.80 billion. Microsoft had a return on equity of 39.26% and a net margin of 31.18%. The firm’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.13 EPS. On average, analysts forecast that Microsoft Co. will post 5.22 EPS for the current fiscal year.

A number of equities research analysts recently commented on MSFT shares. Canaccord Genuity increased their price target on Microsoft from $145.00 to $155.00 and gave the company a “buy” rating in a research report on Friday, July 19th. Deutsche Bank set a $155.00 price target on Microsoft and gave the company a “buy” rating in a research report on Wednesday, July 17th. Wedbush reissued an “outperform” rating on shares of Microsoft in a research report on Thursday, August 29th. Royal Bank of Canada reissued a “buy” rating and issued a $153.00 price target on shares of Microsoft in a research report on Wednesday, July 24th. Finally, JPMorgan Chase & Co. reissued a “buy” rating and issued a $155.00 price target on shares of Microsoft in a research report on Friday, July 19th. One research analyst has rated the stock with a sell rating, two have given a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $149.21.

In other news, CMO Christopher C. Capossela sold 3,372 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $138.06, for a total transaction of $465,538.32. Following the completion of the transaction, the chief marketing officer now owns 136,623 shares in the company, valued at approximately $18,862,171.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CMO Christopher C. Capossela sold 9,000 shares of the stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $135.58, for a total value of $1,220,220.00. Following the transaction, the chief marketing officer now owns 119,579 shares of the company’s stock, valued at approximately $16,212,520.82. The disclosure for this sale can be found here. Insiders have sold a total of 318,757 shares of company stock valued at $43,735,918 in the last quarter. 1.38% of the stock is owned by corporate insiders.

Microsoft 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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