Hutchinson Capital Management CA Lowers Stake in Microsoft Co. (MSFT)

Hutchinson Capital Management CA cut its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 1.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 169,830 shares of the software giant’s stock after selling 2,535 shares during the period. Microsoft accounts for approximately 3.4% of Hutchinson Capital Management CA’s holdings, making the stock its 15th biggest holding. Hutchinson Capital Management CA’s holdings in Microsoft were worth $12,650,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Acrospire Investment Management LLC grew its stake in shares of Microsoft by 300.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,600 shares of the software giant’s stock valued at $110,000 after buying an additional 1,200 shares during the period. Stelac Advisory Services LLC boosted its position in Microsoft by 23.5% during the 2nd quarter. Stelac Advisory Services LLC now owns 2,033 shares of the software giant’s stock worth $140,000 after purchasing an additional 387 shares during the period. Pacific Center for Financial Services boosted its position in Microsoft by 3.0% during the 2nd quarter. Pacific Center for Financial Services now owns 2,572 shares of the software giant’s stock worth $177,000 after purchasing an additional 75 shares during the period. AlphaMark Advisors LLC boosted its position in Microsoft by 1.1% during the 2nd quarter. AlphaMark Advisors LLC now owns 2,677 shares of the software giant’s stock worth $185,000 after purchasing an additional 30 shares during the period. Finally, Ruggie Capital Group boosted its position in Microsoft by 1,165.9% during the 2nd quarter. Ruggie Capital Group now owns 2,823 shares of the software giant’s stock worth $195,000 after purchasing an additional 2,600 shares during the period. 73.19% of the stock is owned by institutional investors.

In related news, insider Frank H. Brod sold 18,000 shares of the stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $83.15, for a total transaction of $1,496,700.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Christopher C. Capossela sold 4,000 shares of the stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $83.46, for a total transaction of $333,840.00. Following the sale, the executive vice president now owns 189,278 shares in the company, valued at approximately $15,797,141.88. The disclosure for this sale can be found here. In the last quarter, insiders have sold 45,000 shares of company stock worth $3,759,420. 1.49% of the stock is owned by company insiders.

MSFT has been the subject of a number of research reports. Morningstar reaffirmed a “neutral” rating on shares of Microsoft in a research report on Monday, October 16th. Evercore ISI upped their price target on shares of Microsoft from $93.00 to $106.00 and gave the stock an “outperform” rating in a research report on Friday, December 8th. UBS Group set a $105.00 price target on shares of Microsoft and gave the stock a “buy” rating in a research report on Thursday, November 9th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $88.00 price target (up from $85.00) on shares of Microsoft in a research report on Friday, October 27th. Finally, Oppenheimer upped their price target on shares of Microsoft to $115.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 9th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirty-one have assigned a buy rating to the company’s stock. Microsoft has an average rating of “Buy” and a consensus price target of $87.01.

Shares of Microsoft Co. (NASDAQ MSFT) opened at $90.14 on Thursday. The firm has a market cap of $695,390.00, a PE ratio of 30.45, a P/E/G ratio of 2.06 and a beta of 0.99. Microsoft Co. has a 12 month low of $62.12 and a 12 month high of $90.79. The company has a debt-to-equity ratio of 0.91, a quick ratio of 3.06 and a current ratio of 3.12.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Thursday, October 26th. The software giant reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.12. The firm had revenue of $24.50 billion for the quarter, compared to analyst estimates 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 in the prior year, the business earned $0.76 earnings per share. analysts expect that Microsoft Co. will post 3.39 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Investors of record on Thursday, February 15th will be paid a dividend of $0.42 per share. The ex-dividend date is Wednesday, February 14th. This represents a $1.68 annualized dividend and a yield of 1.86%. Microsoft’s dividend payout ratio (DPR) is 56.76%.

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Microsoft 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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