Microsoft Co. (MSFT) Stake Lowered by RNC Capital Management LLC

RNC Capital Management LLC lessened its holdings in Microsoft Co. (NASDAQ:MSFT) by 36.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 349,520 shares of the software giant’s stock after selling 198,176 shares during the period. Microsoft comprises approximately 2.6% of RNC Capital Management LLC’s portfolio, making the stock its 15th biggest position. RNC Capital Management LLC’s holdings in Microsoft were worth $39,975,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of MSFT. Middleton & Co Inc MA boosted its position in Microsoft by 1.5% during the second quarter. Middleton & Co Inc MA now owns 55,349 shares of the software giant’s stock valued at $5,457,000 after purchasing an additional 838 shares during the last quarter. CHURCHILL MANAGEMENT Corp boosted its position in Microsoft by 9.7% during the third quarter. CHURCHILL MANAGEMENT Corp now owns 45,161 shares of the software giant’s stock valued at $5,165,000 after purchasing an additional 4,007 shares during the last quarter. Ronna Sue Cohen boosted its position in Microsoft by 3.2% during the third quarter. Ronna Sue Cohen now owns 17,497 shares of the software giant’s stock valued at $2,001,000 after purchasing an additional 537 shares during the last quarter. IFM Investors Pty Ltd boosted its position in Microsoft by 16.3% during the third quarter. IFM Investors Pty Ltd now owns 385,437 shares of the software giant’s stock valued at $44,082,000 after purchasing an additional 54,125 shares during the last quarter. Finally, First Trust Advisors LP boosted its position in Microsoft by 2.7% during the third quarter. First Trust Advisors LP now owns 2,453,336 shares of the software giant’s stock valued at $280,588,000 after purchasing an additional 64,831 shares during the last quarter. 71.58% of the stock is owned by institutional investors and hedge funds.

Microsoft stock opened at $107.22 on Wednesday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 3.08 and a current ratio of 3.12. The stock has a market capitalization of $791.38 billion, a PE ratio of 27.63, a price-to-earnings-growth ratio of 1.88 and a beta of 1.17. Microsoft Co. has a 52 week low of $83.83 and a 52 week high of $116.18.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Wednesday, January 30th. The software giant reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.01. The business had revenue of $32.47 billion for the quarter, compared to analyst estimates of $32.53 billion. Microsoft had a return on equity of 39.52% and a net margin of 28.31%. The firm’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.96 earnings per share. Analysts anticipate that Microsoft Co. will post 4.43 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 14th. Stockholders of record on Thursday, February 21st will be paid a $0.46 dividend. The ex-dividend date is Wednesday, February 20th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.72%. Microsoft’s payout ratio is presently 47.42%.

MSFT has been the subject of a number of research reports. Sanford C. Bernstein reissued a “buy” rating and set a $137.00 price objective on shares of Microsoft in a research report on Thursday, October 25th. Barclays reaffirmed a “buy” rating and issued a $121.00 price target on shares of Microsoft in a research report on Thursday, October 25th. Macquarie reaffirmed a “buy” rating and issued a $125.00 price target on shares of Microsoft in a research report on Thursday, October 25th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $120.00 price target on shares of Microsoft in a research report on Thursday, October 25th. Finally, Nomura set a $115.00 price target on Microsoft and gave the stock a “buy” rating in a research report on Thursday, October 25th. One analyst has rated the stock with a sell rating, two have issued a hold rating, thirty-one have given a buy rating and two have issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $122.11.

In other news, EVP Kathleen T. Hogan sold 36,500 shares of Microsoft stock in a transaction dated Thursday, November 8th. The stock was sold at an average price of $111.28, for a total value of $4,061,720.00. Following the transaction, the executive vice president now directly owns 226,801 shares in the company, valued at $25,238,415.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Christopher C. Capossela sold 4,000 shares of Microsoft stock in a transaction dated Monday, December 10th. The stock was sold at an average price of $105.50, for a total value of $422,000.00. Following the completion of the transaction, the executive vice president now owns 169,931 shares in the company, valued at $17,927,720.50. The disclosure for this sale can be found here. Insiders sold 54,500 shares of company stock worth $6,033,420 over the last quarter. 1.38% of the stock is currently owned by corporate insiders.

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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 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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