Dividend Assets Capital LLC Reduces Stake in Microsoft Corporation (MSFT)

Dividend Assets Capital LLC lowered its position in shares of Microsoft Corporation (NASDAQ:MSFT) by 5.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,272,198 shares of the software giant’s stock after selling 68,524 shares during the quarter. Microsoft makes up about 3.5% of Dividend Assets Capital LLC’s investment portfolio, making the stock its largest position. Dividend Assets Capital LLC’s holdings in Microsoft were worth $87,693,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Appropriate Balance Financial Services Inc. grew its stake in shares of Microsoft by 4.7% during the second quarter. Appropriate Balance Financial Services Inc. now owns 643 shares of the software giant’s stock worth $9,331,000 after purchasing an additional 29 shares during the period. Hefty Wealth Partners grew its stake in shares of Microsoft by 65.6% during the second quarter. Hefty Wealth Partners now owns 1,648 shares of the software giant’s stock worth $113,000 after purchasing an additional 653 shares during the period. Ullmann Financial Group Inc. acquired a new stake in shares of Microsoft during the first quarter worth $132,000. Opera Trading Capital grew its stake in shares of Microsoft by 1,522.0% during the second quarter. Opera Trading Capital now owns 2,433 shares of the software giant’s stock worth $168,000 after purchasing an additional 2,283 shares during the period. Finally, Ruggie Capital Group grew its stake in shares of Microsoft by 1,165.9% during the second quarter. Ruggie Capital Group now owns 2,823 shares of the software giant’s stock worth $195,000 after purchasing an additional 2,600 shares during the period. 73.35% of the stock is owned by institutional investors and hedge funds.

In related news, insider Frank H. Brod sold 15,000 shares of the company’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $84.08, for a total transaction of $1,261,200.00. Following the sale, the insider now owns 116,205 shares in the company, valued at $9,770,516.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Christopher C. Capossela sold 4,000 shares of the company’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $83.44, for a total value of $333,760.00. Following the sale, the executive vice president now owns 184,278 shares in the company, valued at approximately $15,376,156.32. The disclosure for this sale can be found here. Insiders have sold 27,000 shares of company stock worth $2,262,720 in the last quarter. 1.49% of the stock is currently owned by corporate insiders.

MSFT has been the subject of a number of research analyst reports. ValuEngine raised Microsoft from a “hold” rating to a “buy” rating in a research note on Wednesday, September 6th. Morningstar reissued a “neutral” rating on shares of Microsoft in a research note on Monday, October 16th. Credit Suisse Group reissued an “outperform” rating on shares of Microsoft in a research note on Thursday, August 31st. Royal Bank Of Canada reissued an “outperform” rating and issued a $88.00 target price (up from $85.00) on shares of Microsoft in a research note on Friday, October 27th. Finally, KeyCorp reissued a “buy” rating and issued a $82.00 target price on shares of Microsoft in a research note on Sunday, September 10th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirty have assigned a buy rating to the company. Microsoft has a consensus rating of “Buy” and an average price target of $84.48.

Microsoft Corporation (NASDAQ MSFT) opened at $84.88 on Wednesday. The company has a current ratio of 3.12, a quick ratio of 3.06 and a debt-to-equity ratio of 0.91. The firm has a market capitalization of $654,810.00, a PE ratio of 24.63, a PEG ratio of 1.94 and a beta of 1.01. Microsoft Corporation has a 52-week low of $58.80 and a 52-week high of $86.20.

Microsoft (NASDAQ:MSFT) last released its earnings results on Thursday, October 26th. The software giant reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.12. Microsoft had a return on equity of 35.23% and a net margin of 24.56%. The business had revenue of $24.50 billion for the quarter, compared to analyst estimates of $23.57 billion. During the same quarter in the prior year, the company posted $0.76 earnings per share. Microsoft’s revenue was up 11.7% on a year-over-year basis. research analysts anticipate that Microsoft Corporation will post 3.38 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 16th will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 1.98%. The ex-dividend date of this dividend is Wednesday, November 15th. This is a positive change from Microsoft’s previous quarterly dividend of $0.39. Microsoft’s dividend payout ratio is presently 56.76%.

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About Microsoft

Microsoft Corporation is a technology company. The Company develops, licenses, and supports a range of software products, services and devices. The Company’s segments include Productivity and Business Processes, Intelligent Cloud and More Personal Computing. The Company’s products include operating systems; cross-device productivity applications; server applications; business solution applications; desktop and server management tools; software development tools; video games, and training and certification of computer system integrators and developers.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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