Asset Advisors Corp Trims Position in Microsoft Co. (MSFT)

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Asset Advisors Corp trimmed its position in Microsoft Co. (NASDAQ:MSFT) by 1.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 276,545 shares of the software giant’s stock after selling 3,204 shares during the quarter. Microsoft makes up 4.7% of Asset Advisors Corp’s portfolio, making the stock its 2nd biggest position. Asset Advisors Corp’s holdings in Microsoft were worth $27,270,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in MSFT. BlackRock Inc. boosted its holdings in Microsoft by 1.3% during the first quarter. BlackRock Inc. now owns 499,849,770 shares of the software giant’s stock worth $45,621,287,000 after buying an additional 6,488,089 shares during the last quarter. Summit Trail Advisors LLC lifted its holdings in shares of Microsoft by 5,931.9% during the 1st quarter. Summit Trail Advisors LLC now owns 4,562,204 shares of the software giant’s stock valued at $4,562,000 after purchasing an additional 4,486,569 shares in the last quarter. Polen Capital Management LLC raised its position in Microsoft by 52.3% in the 1st quarter. Polen Capital Management LLC now owns 11,012,266 shares of the software giant’s stock valued at $1,005,090,000 after buying an additional 3,781,879 shares during the last quarter. Cornerstone Wealth Management LLC raised its position in Microsoft by 10,330.4% in the 2nd quarter. Cornerstone Wealth Management LLC now owns 3,661,393 shares of the software giant’s stock valued at $36,609,000 after buying an additional 3,626,290 shares during the last quarter. Finally, PointState Capital LP raised its position in Microsoft by 7,456.3% in the 1st quarter. PointState Capital LP now owns 3,551,481 shares of the software giant’s stock valued at $324,144,000 after buying an additional 3,504,481 shares during the last quarter. Hedge funds and other institutional investors own 71.85% of the company’s stock.

In other Microsoft news, CFO Amy Hood sold 118,000 shares of the stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $110.90, for a total value of $13,086,200.00. Following the transaction, the chief financial officer now owns 669,327 shares in the company, valued at $74,228,364.30. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Kathleen T. Hogan sold 40,000 shares of the stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $111.31, for a total value of $4,452,400.00. Following the completion of the transaction, the executive vice president now owns 339,972 shares in the company, valued at approximately $37,842,283.32. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 479,080 shares of company stock worth $52,100,893. 1.49% of the stock is owned by corporate insiders.

MSFT traded down $2.18 on Friday, reaching $109.57. The stock had a trading volume of 32,010,198 shares, compared to its average volume of 42,567,596. Microsoft Co. has a fifty-two week low of $80.70 and a fifty-two week high of $116.18. The company has a quick ratio of 2.85, a current ratio of 2.92 and a debt-to-equity ratio of 0.88. The stock has a market cap of $862.07 billion, a PE ratio of 28.24, a PEG ratio of 2.04 and a beta of 1.26.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Wednesday, October 24th. The software giant reported $1.14 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.18. The company had revenue of $29.08 billion during the quarter, compared to analysts’ expectations of $27.92 billion. Microsoft had a return on equity of 39.86% and a net margin of 16.38%. The business’s quarterly revenue was up 18.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.84 earnings per share. On average, equities research analysts expect that Microsoft Co. will post 4.39 EPS for the current year.

The firm also recently announced 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. This is a positive change from Microsoft’s previous quarterly dividend of $0.42. The ex-dividend date is Wednesday, November 14th. This represents a $1.84 annualized dividend and a dividend yield of 1.68%. Microsoft’s dividend payout ratio is presently 43.30%.

MSFT has been the topic of a number of recent research reports. Oppenheimer reissued a “buy” rating and issued a $127.00 target price on shares of Microsoft in a research report on Monday, September 24th. Macquarie raised Microsoft from a “neutral” rating to an “outperform” rating and set a $121.00 target price on the stock in a research report on Friday, October 12th. Credit Suisse Group set a $125.00 price target on Microsoft and gave the stock a “buy” rating in a research report on Monday, August 27th. Royal Bank of Canada set a $124.00 price target on Microsoft and gave the stock a “buy” rating in a research report on Monday, September 10th. Finally, Bank of America boosted their price target on Microsoft from $134.00 to $135.00 and gave the stock a “buy” rating in a research report on Monday, October 22nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty-three have assigned a buy rating and two have assigned a strong buy rating to the stock. Microsoft presently has an average rating of “Buy” and a consensus target price of $121.88.

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About Microsoft

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 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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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