Newman Dignan & Sheerar Inc. lowered its holdings in Microsoft Co. (NASDAQ:MSFT) by 0.9% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 36,963 shares of the software giant’s stock after selling 335 shares during the period. Microsoft makes up 3.2% of Newman Dignan & Sheerar Inc.’s investment portfolio, making the stock its 6th largest position. Newman Dignan & Sheerar Inc.’s holdings in Microsoft were worth $7,774,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Citizens National Bank Trust Department increased its position in shares of Microsoft by 2.7% in the second quarter. Citizens National Bank Trust Department now owns 32,332 shares of the software giant’s stock worth $6,580,000 after purchasing an additional 853 shares during the last quarter. Canandaigua National Corp purchased a new position in Microsoft in the 2nd quarter worth approximately $28,720,000. Empowered Funds LLC bought a new position in shares of Microsoft in the 2nd quarter worth $1,374,000. Bellecapital International Ltd. raised its position in shares of Microsoft by 7.9% during the 2nd quarter. Bellecapital International Ltd. now owns 30,646 shares of the software giant’s stock valued at $6,237,000 after buying an additional 2,231 shares in the last quarter. Finally, Affinity Wealth Management LLC lifted its holdings in shares of Microsoft by 3.3% during the 2nd quarter. Affinity Wealth Management LLC now owns 29,315 shares of the software giant’s stock worth $6,010,000 after acquiring an additional 938 shares during the last quarter. Hedge funds and other institutional investors own 69.93% of the company’s stock.

A number of research analysts recently commented on MSFT shares. Summit Insights cut Microsoft from a “buy” rating to a “hold” rating in a research note on Tuesday, September 29th. Goldman Sachs Group set a $215.00 price objective on Microsoft and gave the company a “buy” rating in a report on Monday, July 20th. Sanford C. Bernstein reaffirmed a “buy” rating and issued a $233.00 target price on shares of Microsoft in a research note on Thursday, July 23rd. Citigroup lifted their price target on shares of Microsoft from $179.00 to $216.00 and gave the stock a “neutral” rating in a research note on Thursday, July 16th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Microsoft from $230.00 to $245.00 and gave the stock a “buy” rating in a report on Monday, October 12th. Four analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $220.30.

Shares of Microsoft stock opened at $219.66 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.52 and a quick ratio of 2.49. The stock’s 50 day simple moving average is $211.82 and its 200-day simple moving average is $196.06. The stock has a market cap of $1,662.31 billion, a P/E ratio of 38.20, a P/E/G ratio of 2.54 and a beta of 0.92. Microsoft Co. has a 1-year low of $132.52 and a 1-year high of $232.86.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, July 22nd. The software giant reported $1.46 EPS for the quarter, topping the Zacks’ consensus estimate of $1.34 by $0.12. The firm had revenue of $38.03 billion for the quarter, compared to the consensus estimate of $36.59 billion. Microsoft had a return on equity of 39.45% and a net margin of 30.96%. As a group, research analysts expect that Microsoft Co. will post 6.36 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Thursday, November 19th will be issued a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 1.02%. The ex-dividend date is Wednesday, November 18th. This is a positive change from Microsoft’s previous quarterly dividend of $0.51. Microsoft’s payout ratio is currently 35.42%.

In related news, CMO Christopher C. Capossela sold 23,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $210.70, for a total value of $4,846,100.00. Following the transaction, the chief marketing officer now directly owns 122,943 shares in the company, valued at $25,904,090.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Jean Philippe Courtois sold 15,140 shares of the firm’s stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $215.00, for a total value of $3,255,100.00. Following the sale, the executive vice president now directly owns 560,498 shares of the company’s stock, valued at approximately $120,507,070. The disclosure for this sale can be found here. In the last three months, insiders have sold 164,067 shares of company stock worth $35,247,737. Corporate insiders own 1.39% of the company’s stock.

About Microsoft

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, 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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