Lincoln Capital Corp Has $12.97 Million Position in Microsoft Co. (NASDAQ:MSFT)

Lincoln Capital Corp lowered its stake in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 0.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 55,677 shares of the software giant’s stock after selling 358 shares during the quarter. Microsoft makes up approximately 8.7% of Lincoln Capital Corp’s holdings, making the stock its 2nd biggest holding. Lincoln Capital Corp’s holdings in Microsoft were worth $12,967,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Phoenix Wealth Advisors grew its position in shares of Microsoft by 2.0% during the 2nd quarter. Phoenix Wealth Advisors now owns 17,286 shares of the software giant’s stock worth $4,440,000 after buying an additional 343 shares during the period. Jmac Enterprises LLC lifted its stake in Microsoft by 1.0% in the second quarter. Jmac Enterprises LLC now owns 16,798 shares of the software giant’s stock valued at $4,314,000 after buying an additional 169 shares during the period. ARGI Investment Services LLC boosted its holdings in Microsoft by 9.9% during the second quarter. ARGI Investment Services LLC now owns 37,326 shares of the software giant’s stock worth $9,586,000 after buying an additional 3,358 shares during the last quarter. First PREMIER Bank grew its position in shares of Microsoft by 0.3% during the 2nd quarter. First PREMIER Bank now owns 26,082 shares of the software giant’s stock worth $6,699,000 after buying an additional 79 shares during the period. Finally, Seaview Investment Managers LLC increased its stake in shares of Microsoft by 4.9% in the 2nd quarter. Seaview Investment Managers LLC now owns 26,839 shares of the software giant’s stock valued at $6,893,000 after acquiring an additional 1,261 shares during the last quarter. Institutional investors and hedge funds own 69.15% of the company’s stock.

Analyst Upgrades and Downgrades

MSFT has been the subject of a number of analyst reports. Fundamental Research decreased their price objective on shares of Microsoft to $270.00 and set a “buy” rating for the company in a report on Tuesday, November 8th. Morgan Stanley decreased their price target on shares of Microsoft from $325.00 to $307.00 and set an “overweight” rating for the company in a report on Wednesday, October 26th. Oppenheimer dropped their price objective on Microsoft from $275.00 to $265.00 in a research note on Wednesday, October 26th. Wedbush decreased their target price on Microsoft from $320.00 to $290.00 and set an “outperform” rating for the company in a research note on Wednesday, October 26th. Finally, Cowen dropped their price target on Microsoft from $285.00 to $280.00 and set an “outperform” rating on the stock in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-nine have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $287.88.

Insider Buying and Selling at Microsoft

In other news, EVP Judson Althoff sold 24,144 shares of the firm’s stock in a transaction dated Thursday, December 1st. The shares were sold at an average price of $254.27, for a total transaction of $6,139,094.88. Following the completion of the sale, the executive vice president now owns 150,047 shares in the company, valued at approximately $38,152,450.69. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.03% of the company’s stock.

Microsoft Stock Up 3.6 %

Microsoft stock opened at $240.22 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.84 and a quick ratio of 1.79. The company’s 50-day moving average is $241.70 and its 200-day moving average is $250.10. The firm has a market capitalization of $1.79 trillion, a PE ratio of 25.89, a P/E/G ratio of 2.35 and a beta of 0.94. Microsoft Co. has a fifty-two week low of $213.43 and a fifty-two week high of $315.95.

Microsoft (NASDAQ:MSFTGet Rating) last released its quarterly earnings data on Tuesday, October 25th. The software giant reported $2.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.29 by $0.06. Microsoft had a return on equity of 42.10% and a net margin of 34.37%. The firm had revenue of $50.12 billion for the quarter, compared to analyst estimates of $49.70 billion. During the same quarter in the prior year, the company earned $2.27 earnings per share. The business’s revenue for the quarter was up 10.6% compared to the same quarter last year. Sell-side analysts anticipate that Microsoft Co. will post 9.52 earnings per share for the current year.

Microsoft Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 9th. Shareholders of record on Wednesday, February 15th will be given a dividend of $0.68 per share. The ex-dividend date of this dividend is Wednesday, February 15th. This represents a $2.72 dividend on an annualized basis and a yield of 1.13%. Microsoft’s dividend payout ratio (DPR) is 29.31%.

Microsoft Company Profile

(Get Rating)

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates in three segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, Microsoft Viva, and Skype for Business; Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and enterprise divisions.

Further Reading

Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Co. (NASDAQ:MSFTGet Rating).

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

Receive News & Ratings for Microsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft and related companies with MarketBeat.com's FREE daily email newsletter.