SOL Capital Management CO Has $3.11 Million Stake in Microsoft Co. (MSFT)
SOL Capital Management CO cut its position in Microsoft Co. (NASDAQ:MSFT) by 2.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 41,761 shares of the software giant’s stock after selling 882 shares during the quarter. Microsoft accounts for 0.9% of SOL Capital Management CO’s portfolio, making the stock its 28th largest position. SOL Capital Management CO’s holdings in Microsoft were worth $3,111,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in the company. Nottingham Advisors Inc. boosted its stake in Microsoft by 0.4% during the 2nd quarter. Nottingham Advisors Inc. now owns 5,399 shares of the software giant’s stock valued at $372,000 after acquiring an additional 22 shares during the last quarter. American Economic Planning Group Inc. ADV boosted its stake in Microsoft by 0.5% during the 2nd quarter. American Economic Planning Group Inc. ADV now owns 4,939 shares of the software giant’s stock valued at $340,000 after acquiring an additional 23 shares during the last quarter. Carderock Capital Management Inc. boosted its stake in Microsoft by 0.7% during the 2nd quarter. Carderock Capital Management Inc. now owns 3,981 shares of the software giant’s stock valued at $274,000 after acquiring an additional 26 shares during the last quarter. Appropriate Balance Financial Services Inc. boosted its stake in Microsoft by 4.7% during the 2nd quarter. Appropriate Balance Financial Services Inc. now owns 643 shares of the software giant’s stock valued at $9,331,000 after acquiring an additional 29 shares during the last quarter. Finally, AlphaMark Advisors LLC boosted its stake in Microsoft by 1.1% during the 2nd quarter. AlphaMark Advisors LLC now owns 2,677 shares of the software giant’s stock valued at $185,000 after acquiring an additional 30 shares during the last quarter. Institutional investors and hedge funds own 73.16% of the company’s stock.
A number of research analysts have commented on MSFT shares. Canaccord Genuity reiterated a “hold” rating and set a $76.00 price objective on shares of Microsoft in a research note on Friday, September 15th. Royal Bank of Canada reissued an “outperform” rating and set a $88.00 target price (up from $85.00) on shares of Microsoft in a report on Friday, October 27th. UBS Group set a $105.00 target price on shares of Microsoft and gave the stock a “buy” rating in a report on Thursday, November 9th. Vetr cut shares of Microsoft from a “strong-buy” rating to a “buy” rating and set a $93.77 target price on the stock. in a report on Monday, December 11th. Finally, KeyCorp reissued a “buy” rating and set a $94.00 target price on shares of Microsoft in a report on Friday, October 27th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirty-one have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $86.97.
Shares of Microsoft Co. (MSFT) opened at $89.58 on Friday. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.12 and a quick ratio of 3.06. Microsoft Co. has a twelve month low of $62.03 and a twelve month high of $89.78. The firm has a market cap of $691,070.00, a PE ratio of 30.26, a P/E/G ratio of 2.06 and a beta of 0.99.
Microsoft (NASDAQ:MSFT) last released its earnings results on Thursday, October 26th. The software giant reported $0.84 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.12. The firm had revenue of $24.50 billion for the quarter, compared to analysts’ expectations of $23.57 billion. Microsoft had a net margin of 24.56% and a return on equity of 35.23%. Microsoft’s quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter last year, the company earned $0.76 EPS. analysts expect that Microsoft Co. will post 3.38 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Thursday, February 15th will be paid a dividend of $0.42 per share. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $1.68 annualized dividend and a yield of 1.88%. Microsoft’s payout ratio is 56.76%.
In other Microsoft news, EVP Christopher C. Capossela sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $83.44, for a total transaction of $333,760.00. Following the transaction, the executive vice president now owns 184,278 shares of the company’s stock, valued at approximately $15,376,156.32. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Frank H. Brod sold 15,000 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $84.08, for a total transaction of $1,261,200.00. Following the transaction, the insider now directly owns 116,205 shares in the company, valued at approximately $9,770,516.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 45,000 shares of company stock worth $3,759,420. 1.49% of the stock is owned by corporate insiders.
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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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