Godshalk Welsh Capital Management Inc. lowered its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 1.2% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 40,450 shares of the software giant’s stock after selling 500 shares during the quarter. Microsoft makes up approximately 4.2% of Godshalk Welsh Capital Management Inc.’s portfolio, making the stock its largest holding. Godshalk Welsh Capital Management Inc.’s holdings in Microsoft were worth $3,989,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of MSFT. Progressive Investment Management Corp increased its holdings in Microsoft by 0.7% in the 2nd quarter. Progressive Investment Management Corp now owns 71,588 shares of the software giant’s stock worth $7,022,000 after acquiring an additional 468 shares in the last quarter. BKS Advisors LLC grew its holdings in Microsoft by 4.6% during the 2nd quarter. BKS Advisors LLC now owns 10,816 shares of the software giant’s stock valued at $1,067,000 after buying an additional 477 shares in the last quarter. Chatham Capital Group Inc. grew its holdings in Microsoft by 9.3% during the 2nd quarter. Chatham Capital Group Inc. now owns 5,689 shares of the software giant’s stock valued at $561,000 after buying an additional 482 shares in the last quarter. Community Bank of Raymore grew its holdings in Microsoft by 21.4% during the 2nd quarter. Community Bank of Raymore now owns 2,812 shares of the software giant’s stock valued at $277,000 after buying an additional 495 shares in the last quarter. Finally, Narwhal Capital Management grew its holdings in Microsoft by 0.4% during the 2nd quarter. Narwhal Capital Management now owns 121,380 shares of the software giant’s stock valued at $11,969,000 after buying an additional 495 shares in the last quarter. Institutional investors and hedge funds own 71.90% of the company’s stock.

A number of equities research analysts have issued reports on the stock. Macquarie set a $125.00 price objective on shares of Microsoft and gave the company a “buy” rating in a report on Monday, November 19th. Credit Suisse Group set a $125.00 price objective on shares of Microsoft and gave the company a “buy” rating in a report on Monday, November 19th. Citigroup increased their price objective on shares of Microsoft from $113.00 to $114.00 and gave the company a “neutral” rating in a report on Thursday, October 25th. Stifel Nicolaus reaffirmed a “buy” rating and set a $120.00 price objective on shares of Microsoft in a report on Thursday, October 25th. Finally, Sanford C. Bernstein reiterated a “buy” rating and set a $137.00 target price on shares of Microsoft in a research report on Thursday, October 25th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty-three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $121.88.

NASDAQ:MSFT opened at $109.19 on Friday. Microsoft Co. has a twelve month low of $82.00 and a twelve month high of $116.18. The firm has a market cap of $835.58 billion, a PE ratio of 25.96, a price-to-earnings-growth ratio of 1.96 and a beta of 1.25. The company has a quick ratio of 2.85, a current ratio of 2.92 and a debt-to-equity ratio of 0.88.

Microsoft (NASDAQ:MSFT) last released its earnings results on Wednesday, October 24th. The software giant reported $1.14 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.18. Microsoft had a return on equity of 39.86% and a net margin of 16.38%. The business had revenue of $29.08 billion during the quarter, compared to the consensus estimate of $27.92 billion. During the same period last year, the company earned $0.84 earnings per share. The business’s revenue for the quarter was up 18.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Microsoft Co. will post 4.43 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 14th. Stockholders of record on Thursday, February 21st will be given a dividend of $0.46 per share. The ex-dividend date is Wednesday, February 20th. This represents a $1.84 annualized dividend and a dividend yield of 1.69%. Microsoft’s dividend payout ratio (DPR) is 47.42%.

In other news, CMO Christopher C. Capossela sold 10,000 shares of the firm’s stock in a transaction on Monday, December 3rd. The stock was sold at an average price of $111.77, for a total transaction of $1,117,700.00. Following the transaction, the chief marketing officer now owns 177,931 shares in the company, valued at $19,887,347.87. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Frank H. Brod sold 2,000 shares of the firm’s stock in a transaction on Monday, November 5th. The shares were sold at an average price of $107.18, for a total value of $214,360.00. Following the transaction, the insider now owns 64,676 shares in the company, valued at approximately $6,931,973.68. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 295,255 shares of company stock valued at $31,797,279. Corporate insiders own 1.49% of the company’s stock.

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Microsoft Company Profile

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its company's Productivity and Business Processes segment offers Office 365 commercial products and services for businesses, such as Office, Exchange, SharePoint, Skype for Business, Microsoft Teams, and related Client Access Licenses (CALs); Office 365 consumer services, including Skype, Outlook.com, and OneDrive; LinkedIn online professional network; and Dynamics business solutions comprising financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and medium businesses, large organizations, and divisions of enterprises.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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