Islay Capital Management LLC Sells 39 Shares of Microsoft Co. (NASDAQ:MSFT)

Islay Capital Management LLC decreased its position in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 0.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,755 shares of the software giant’s stock after selling 39 shares during the period. Microsoft comprises 3.0% of Islay Capital Management LLC’s investment portfolio, making the stock its 7th biggest position. Islay Capital Management LLC’s holdings in Microsoft were worth $3,624,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. State Street Corp lifted its stake in Microsoft by 2.8% during the 4th quarter. State Street Corp now owns 302,541,869 shares of the software giant’s stock worth $101,750,881,000 after acquiring an additional 8,108,943 shares in the last quarter. Geode Capital Management LLC lifted its stake in Microsoft by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 129,107,118 shares of the software giant’s stock worth $43,313,705,000 after acquiring an additional 3,027,306 shares in the last quarter. Norges Bank acquired a new position in Microsoft during the 4th quarter worth about $24,401,940,000. Nuveen Asset Management LLC lifted its stake in Microsoft by 1.0% during the 4th quarter. Nuveen Asset Management LLC now owns 57,181,533 shares of the software giant’s stock worth $19,231,292,000 after acquiring an additional 584,273 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Microsoft by 1.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 39,096,786 shares of the software giant’s stock worth $13,149,038,000 after acquiring an additional 652,526 shares in the last quarter. Institutional investors and hedge funds own 69.99% of the company’s stock.

Microsoft Stock Down 0.3 %

Microsoft stock opened at $282.91 on Friday. Microsoft Co. has a twelve month low of $241.51 and a twelve month high of $349.67. The stock has a 50 day moving average of $262.96 and a two-hundred day moving average of $280.24. The company has a current ratio of 1.78, a quick ratio of 1.75 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $2.11 trillion, a price-to-earnings ratio of 29.35, a PEG ratio of 2.38 and a beta of 0.93.

Microsoft (NASDAQ:MSFTGet Rating) last posted its quarterly earnings data on Tuesday, July 26th. The software giant reported $2.23 earnings per share for the quarter, missing analysts’ consensus estimates of $2.29 by ($0.06). Microsoft had a return on equity of 43.31% and a net margin of 36.69%. During the same period last year, the firm earned $2.17 EPS. As a group, research analysts expect that Microsoft Co. will post 10.14 earnings per share for the current year.

Microsoft Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 8th. Stockholders of record on Thursday, August 18th will be issued a $0.62 dividend. The ex-dividend date is Wednesday, August 17th. This represents a $2.48 annualized dividend and a dividend yield of 0.88%. Microsoft’s dividend payout ratio is currently 25.73%.

Analyst Ratings Changes

MSFT has been the topic of several recent research reports. Evercore ISI cut their price target on Microsoft from $370.00 to $330.00 and set an “inline” rating on the stock in a report on Wednesday, April 27th. Mizuho cut their price target on Microsoft from $350.00 to $340.00 and set a “buy” rating on the stock in a report on Tuesday, July 19th. Morgan Stanley cut their price target on Microsoft from $372.00 to $354.00 and set an “overweight” rating on the stock in a report on Tuesday, July 12th. Fundamental Research restated a “hold” rating and set a $280.50 price target on shares of Microsoft in a report on Wednesday. Finally, JPMorgan Chase & Co. set a $320.00 price target on Microsoft in a report on Thursday, June 9th. One equities research analyst has rated the stock with a hold rating and thirty-one have given a buy rating to the company’s stock. According to data from MarketBeat.com, Microsoft presently has a consensus rating of “Moderate Buy” and a consensus price target of $335.72.

About Microsoft

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Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, as well as related Client Access Licenses (CAL); Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and enterprise divisions.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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