Microsoft Co. (NASDAQ:MSFT) is Field & Main Bank’s 2nd Largest Position

Field & Main Bank lessened its position in Microsoft Co. (NASDAQ:MSFTGet Rating) by 2.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 32,094 shares of the software giant’s stock after selling 921 shares during the quarter. Microsoft makes up about 5.0% of Field & Main Bank’s investment portfolio, making the stock its 2nd largest holding. Field & Main Bank’s holdings in Microsoft were worth $7,475,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Monumental Financial Group Inc. bought a new position in Microsoft during the 1st quarter valued at approximately $28,000. Newfound Research LLC increased its position in Microsoft by 25.4% during the 2nd quarter. Newfound Research LLC now owns 296 shares of the software giant’s stock valued at $76,000 after buying an additional 60 shares in the last quarter. Darrow Company Inc. bought a new position in Microsoft during the 2nd quarter valued at approximately $82,000. Morgan Dempsey Capital Management LLC bought a new position in Microsoft during the 3rd quarter valued at approximately $82,000. Finally, Avondale Wealth Management increased its position in Microsoft by 58.6% during the 3rd quarter. Avondale Wealth Management now owns 406 shares of the software giant’s stock valued at $95,000 after buying an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 69.15% of the company’s stock.

Microsoft Price Performance

Shares of Microsoft stock opened at $240.22 on Monday. The stock’s 50-day simple moving average is $241.70 and its 200-day simple moving average is $249.89. Microsoft Co. has a 52 week low of $213.43 and a 52 week high of $315.95. The company has a market capitalization of $1.79 trillion, a price-to-earnings ratio of 25.89, a PEG ratio of 2.36 and a beta of 0.94. The company has a quick ratio of 1.79, a current ratio of 1.84 and a debt-to-equity ratio of 0.26.

Microsoft (NASDAQ:MSFTGet Rating) last announced its quarterly earnings data on Tuesday, October 25th. The software giant reported $2.35 EPS for the quarter, beating the consensus estimate of $2.29 by $0.06. The business had revenue of $50.12 billion for the quarter, compared to the consensus estimate of $49.70 billion. Microsoft had a return on equity of 42.10% and a net margin of 34.37%. The business’s revenue was up 10.6% on a year-over-year basis. During the same period in the previous year, the business earned $2.27 earnings per share. As a group, analysts expect that Microsoft Co. will post 9.51 earnings per share for the current fiscal 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 paid a dividend of $0.68 per share. The ex-dividend date of this dividend is Wednesday, February 15th. This represents a $2.72 annualized dividend and a yield of 1.13%. Microsoft’s payout ratio is currently 29.31%.

Insiders Place Their Bets

In other Microsoft news, EVP Judson Althoff sold 24,144 shares of the business’s stock in a transaction that occurred on Thursday, December 1st. The stock was sold at an average price of $254.27, for a total transaction of $6,139,094.88. Following the sale, the executive vice president now directly owns 150,047 shares of the company’s stock, valued at $38,152,450.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.03% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Evercore ISI reduced their price objective on Microsoft from $300.00 to $280.00 and set an “outperform” rating for the company in a research report on Thursday. Macquarie assumed coverage on Microsoft in a report on Wednesday, November 2nd. They issued a “neutral” rating and a $234.00 target price for the company. Stifel Nicolaus reduced their target price on Microsoft from $300.00 to $290.00 and set a “buy” rating for the company in a report on Wednesday, October 26th. Morgan Stanley reduced their target price on Microsoft from $325.00 to $307.00 and set an “overweight” rating for the company in a report on Wednesday, October 26th. Finally, StockNews.com lowered Microsoft from a “buy” rating to a “hold” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and twenty-nine have given a buy rating to the company’s stock. According to data from MarketBeat, Microsoft has an average rating of “Moderate Buy” and an average target price of $287.88.

About Microsoft

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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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