Catawba Capital Management VA trimmed its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 1.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 152,342 shares of the software giant’s stock after selling 1,613 shares during the quarter. Microsoft comprises approximately 3.5% of Catawba Capital Management VA’s investment portfolio, making the stock its 2nd biggest position. Catawba Capital Management VA’s holdings in Microsoft were worth $15,022,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. lifted its position in Microsoft by 1.3% during the first quarter. BlackRock Inc. now owns 499,849,770 shares of the software giant’s stock worth $45,621,287,000 after purchasing an additional 6,488,089 shares during the period. Massachusetts Financial Services Co. MA lifted its position in Microsoft by 12.3% during the first quarter. Massachusetts Financial Services Co. MA now owns 27,839,945 shares of the software giant’s stock worth $2,540,952,000 after purchasing an additional 3,049,723 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its position in Microsoft by 1.6% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 21,899,699 shares of the software giant’s stock worth $1,998,786,000 after purchasing an additional 346,564 shares during the period. Dimensional Fund Advisors LP lifted its position in Microsoft by 7.6% during the first quarter. Dimensional Fund Advisors LP now owns 20,956,647 shares of the software giant’s stock worth $1,912,713,000 after purchasing an additional 1,473,682 shares during the period. Finally, California Public Employees Retirement System lifted its position in Microsoft by 0.5% during the fourth quarter. California Public Employees Retirement System now owns 18,709,029 shares of the software giant’s stock worth $1,600,370,000 after purchasing an additional 91,553 shares during the period. 71.75% of the stock is owned by hedge funds and other institutional investors.

In related news, CFO Amy Hood sold 118,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $110.90, for a total value of $13,086,200.00. Following the sale, the chief financial officer now directly owns 669,327 shares in the company, valued at $74,228,364.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jean Philippe Courtois sold 28,941 shares of the company’s stock in a transaction that occurred on Tuesday, August 7th. The shares were sold at an average price of $109.00, for a total value of $3,154,569.00. Following the completion of the sale, the insider now owns 529,721 shares in the company, valued at $57,739,589. The disclosure for this sale can be found here. Insiders sold 650,042 shares of company stock valued at $71,264,850 in the last ninety days. 1.49% of the stock is currently owned by insiders.

Several research firms recently weighed in on MSFT. Wells Fargo & Co set a $130.00 price objective on shares of Microsoft and gave the stock a “buy” rating in a research report on Thursday. Jefferies Financial Group reaffirmed a “sell” rating and set a $75.00 price objective on shares of Microsoft in a research report on Wednesday. Credit Suisse Group set a $125.00 target price on Microsoft and gave the stock a “buy” rating in a research note on Wednesday. Barclays set a $120.00 target price on Microsoft and gave the stock a “buy” rating in a research note on Wednesday. Finally, Royal Bank of Canada set a $124.00 target price on Microsoft and gave the stock a “buy” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, three have given a hold rating, twenty-nine have assigned a buy rating and two have given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $120.08.

Microsoft stock opened at $114.41 on Friday. Microsoft Co. has a 1 year low of $73.31 and a 1 year high of $115.29. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.90 and a quick ratio of 2.86. The company has a market capitalization of $881.24 billion, a PE ratio of 29.49, a PEG ratio of 2.19 and a beta of 1.26.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Thursday, July 19th. The software giant reported $1.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.05. Microsoft had a return on equity of 36.69% and a net margin of 15.02%. The company had revenue of $30.09 billion during the quarter, compared to the consensus estimate of $29.23 billion. During the same quarter in the prior year, the firm posted $0.75 earnings per share. The firm’s revenue was up 17.5% compared to the same quarter last year. sell-side analysts predict that Microsoft Co. will post 4.25 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 13th. Stockholders of record on Thursday, November 15th will be paid a $0.46 dividend. The ex-dividend date of this dividend is Wednesday, November 14th. This represents a $1.84 annualized dividend and a dividend yield of 1.61%. This is an increase from Microsoft’s previous quarterly dividend of $0.42. Microsoft’s dividend payout ratio is currently 43.30%.

Microsoft Profile

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates through Productivity and Business Processes, Intelligent Cloud, and More Personal Computing segments. The 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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