Howland Capital Management LLC Decreases Holdings in Microsoft Co. (MSFT)

Howland Capital Management LLC reduced its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 0.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 578,875 shares of the software giant’s stock after selling 3,538 shares during the period. Microsoft makes up approximately 3.6% of Howland Capital Management LLC’s portfolio, making the stock its 2nd largest position. Howland Capital Management LLC’s holdings in Microsoft were worth $43,120,000 at the end of the most recent reporting period.

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

In other Microsoft news, EVP Christopher C. Capossela sold 4,000 shares of the stock in a transaction on Friday, November 10th. The stock was sold at an average price of $83.46, for a total value of $333,840.00. Following the sale, the executive vice president now directly owns 189,278 shares of the company’s stock, valued at $15,797,141.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Frank H. Brod sold 15,000 shares of the stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $84.08, for a total value of $1,261,200.00. Following the completion of the sale, the insider now directly owns 116,205 shares in the company, valued at $9,770,516.40. The disclosure for this sale can be found here. Insiders have sold 45,000 shares of company stock worth $3,759,420 over the last 90 days. 1.49% of the stock is currently owned by company insiders.

Microsoft Co. (NASDAQ:MSFT) opened at $90.10 on Friday. Microsoft Co. has a one year low of $62.19 and a one year high of $90.79. The stock has a market capitalization of $695,080.00, a price-to-earnings ratio of 30.44, a P/E/G ratio of 2.11 and a beta of 0.99. 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 announced its quarterly earnings data on Thursday, October 26th. The software giant reported $0.84 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.12. Microsoft had a return on equity of 35.23% and a net margin of 24.56%. The firm had revenue of $24.50 billion for the quarter, compared to analysts’ expectations of $23.57 billion. During the same period last year, the business posted $0.76 earnings per share. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. analysts predict that Microsoft Co. will post 3.39 EPS for the current fiscal year.

The company 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. This represents a $1.68 annualized dividend and a yield of 1.86%. The ex-dividend date is Wednesday, February 14th. Microsoft’s dividend payout ratio (DPR) is presently 56.76%.

MSFT has been the topic of a number of recent research reports. Oppenheimer set a $80.00 target price on shares of Microsoft and gave the company a “buy” rating in a report on Monday, September 25th. ValuEngine lowered shares of Microsoft from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Canaccord Genuity upgraded shares of Microsoft from a “hold” rating to a “buy” rating and upped their target price for the company from $76.00 to $86.00 in a report on Thursday, October 5th. Stifel Nicolaus restated a “buy” rating on shares of Microsoft in a report on Thursday, October 12th. Finally, Morningstar restated a “neutral” rating on shares of Microsoft in a report on Monday, October 16th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and thirty-one have assigned a buy rating to the stock. Microsoft currently has an average rating of “Buy” and an average price target of $87.88.

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About Microsoft

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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