Sterling Investment Advisors Ltd. Sells 2,293 Shares of Microsoft Co. (MSFT)

Sterling Investment Advisors Ltd. cut its holdings in Microsoft Co. (NASDAQ:MSFT) by 5.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,541 shares of the software giant’s stock after selling 2,293 shares during the period. Microsoft makes up 1.8% of Sterling Investment Advisors Ltd.’s investment portfolio, making the stock its 12th biggest holding. Sterling Investment Advisors Ltd.’s holdings in Microsoft were worth $2,722,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Vanguard Group Inc. lifted its position in Microsoft by 4.6% during the 2nd quarter. Vanguard Group Inc. now owns 564,052,011 shares of the software giant’s stock worth $38,880,105,000 after acquiring an additional 25,053,413 shares during the last quarter. Capital Research Global Investors lifted its position in Microsoft by 212.3% during the 2nd quarter. Capital Research Global Investors now owns 69,663,044 shares of the software giant’s stock worth $4,801,874,000 after acquiring an additional 47,353,245 shares during the last quarter. Janus Henderson Group PLC lifted its position in Microsoft by 609.4% during the 2nd quarter. Janus Henderson Group PLC now owns 49,174,883 shares of the software giant’s stock worth $3,389,625,000 after acquiring an additional 42,243,011 shares during the last quarter. Legal & General Group Plc lifted its position in Microsoft by 1.1% during the 2nd quarter. Legal & General Group Plc now owns 37,689,022 shares of the software giant’s stock worth $2,597,786,000 after acquiring an additional 425,485 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its position in Microsoft by 2.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 29,622,483 shares of the software giant’s stock worth $2,041,878,000 after acquiring an additional 657,294 shares during the last quarter. Hedge funds and other institutional investors own 73.22% of the company’s stock.

Shares of Microsoft Co. (MSFT) opened at $89.61 on Thursday. The firm has a market cap of $691,300.00, a PE ratio of 60.96, a P/E/G ratio of 2.08 and a beta of 1.06. Microsoft Co. has a 52 week low of $63.22 and a 52 week high of $96.07. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.89 and a quick ratio of 2.85.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Wednesday, January 31st. The software giant reported $0.96 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.09. The business had revenue of $28.92 billion for the quarter, compared to analysts’ expectations of $28.42 billion. Microsoft had a net margin of 11.72% and a return on equity of 35.41%. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.83 earnings per share. equities analysts expect that Microsoft Co. will post 3.62 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Investors of record on Thursday, February 15th will be paid a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $1.68 dividend on an annualized basis and a yield of 1.87%. Microsoft’s payout ratio is currently 114.29%.

A number of research analysts have weighed in on the stock. Argus raised shares of Microsoft from a “hold” rating to a “buy” rating and boosted their target price for the stock from $57.28 to $95.00 in a research report on Tuesday, October 31st. ValuEngine raised shares of Microsoft from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Vetr lowered shares of Microsoft from a “buy” rating to a “hold” rating and set a $93.54 price objective for the company. in a research report on Wednesday, January 17th. Instinet began coverage on shares of Microsoft in a research report on Thursday, January 25th. They set a “buy” rating for the company. Finally, Goldman Sachs Group set a $92.00 price objective on shares of Microsoft and gave the company a “buy” rating in a research report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirty-one have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $99.09.

In other Microsoft news, EVP Christopher C. Capossela sold 4,000 shares of the company’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $83.48, for a total transaction of $333,920.00. Following the sale, the executive vice president now directly owns 185,278 shares of the company’s stock, valued at $15,467,007.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Frank H. Brod sold 18,000 shares of the company’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $83.15, for a total transaction of $1,496,700.00. The disclosure for this sale can be found here. In the last three months, insiders sold 30,000 shares of company stock worth $2,498,220. 1.49% of the stock is currently owned by insiders.

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Microsoft Company Profile

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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