City State Bank Sells 676 Shares of Microsoft Co. (NASDAQ:MSFT)

City State Bank cut its stake in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 5.2% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 12,413 shares of the software giant’s stock after selling 676 shares during the quarter. Microsoft comprises approximately 2.0% of City State Bank’s investment portfolio, making the stock its 6th largest holding. City State Bank’s holdings in Microsoft were worth $2,891,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Monumental Financial Group Inc. acquired a new position in shares of Microsoft in the 1st quarter valued at about $28,000. Newfound Research LLC lifted its stake in shares of Microsoft by 25.4% in the 2nd quarter. Newfound Research LLC now owns 296 shares of the software giant’s stock valued at $76,000 after purchasing an additional 60 shares during the period. Grayhawk Investment Strategies Inc. acquired a new position in Microsoft during the 2nd quarter worth approximately $104,000. Darrow Company Inc. acquired a new position in Microsoft during the 2nd quarter worth approximately $82,000. Finally, Morgan Dempsey Capital Management LLC acquired a new position in Microsoft during the 3rd quarter worth approximately $82,000. 69.15% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently weighed in on MSFT. Wells Fargo & Company dropped their price target on Microsoft from $315.00 to $300.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 26th. BMO Capital Markets dropped their price target on Microsoft from $295.00 to $270.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 26th. Cowen dropped their price target on Microsoft from $285.00 to $280.00 and set an “outperform” rating on the stock in a research note on Thursday. Fundamental Research dropped their price target on Microsoft to $270.00 and set a “buy” rating on the stock in a research note on Tuesday, November 8th. Finally, Rosenblatt Securities decreased their price objective on Microsoft from $300.00 to $285.00 and set a “buy” rating for the company in a report on Thursday, October 27th. One analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $287.88.

Microsoft Trading Up 3.6 %

NASDAQ:MSFT opened at $240.22 on Friday. The company has a market cap of $1.79 trillion, a P/E ratio of 25.89, a P/E/G ratio of 2.35 and a beta of 0.94. The stock’s fifty day moving average price is $241.70 and its two-hundred day moving average price is $250.01. Microsoft Co. has a 1 year low of $213.43 and a 1 year high of $315.95. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.84 and a quick ratio of 1.79.

Microsoft (NASDAQ:MSFTGet Rating) last posted its earnings results on Tuesday, October 25th. The software giant reported $2.35 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $49.70 billion. During the same quarter in the prior year, the business posted $2.27 earnings per share. The business’s quarterly revenue was up 10.6% on a year-over-year basis. As a group, analysts expect that Microsoft Co. will post 9.52 EPS for the current year.

Microsoft Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 9th. Investors of record on Thursday, February 16th will be given a $0.68 dividend. The ex-dividend date is Wednesday, February 15th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.13%. Microsoft’s dividend payout ratio (DPR) is presently 29.31%.

Insider Buying and Selling

In related news, EVP Judson Althoff sold 24,144 shares of the stock in a transaction on Thursday, December 1st. The stock was sold at an average price of $254.27, for a total value of $6,139,094.88. Following the transaction, the executive vice president now owns 150,047 shares of the company’s stock, valued at $38,152,450.69. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.03% of the stock is currently owned by company insiders.

Microsoft Company Profile

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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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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