Microsoft Co. (MSFT) Shares Sold by Adams Asset Advisors LLC

Adams Asset Advisors LLC trimmed its holdings in Microsoft Co. (NASDAQ:MSFT) by 12.3% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 50,810 shares of the software giant’s stock after selling 7,107 shares during the quarter. Adams Asset Advisors LLC’s holdings in Microsoft were worth $4,346,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Carderock Capital Management Inc. grew its stake in shares of 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 purchasing an additional 26 shares during the period. AlphaMark Advisors LLC lifted its position in shares of 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 buying an additional 30 shares in the last quarter. Simonbaker & Partners LLC lifted its position in shares of Microsoft by 0.4% during the 2nd quarter. Simonbaker & Partners LLC now owns 11,364 shares of the software giant’s stock valued at $783,000 after buying an additional 40 shares in the last quarter. Arcus Capital Partners LLC lifted its position in shares of Microsoft by 1.4% during the 2nd quarter. Arcus Capital Partners LLC now owns 3,159 shares of the software giant’s stock valued at $218,000 after buying an additional 45 shares in the last quarter. Finally, Jackson Grant Investment Advisers Inc. lifted its position in shares of Microsoft by 0.3% during the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 19,112 shares of the software giant’s stock valued at $1,317,000 after buying an additional 55 shares in the last quarter. Institutional investors own 73.81% of the company’s stock.

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A number of research analysts have recently weighed in on the company. Vetr raised Microsoft from a “buy” rating to a “strong-buy” rating and set a $101.39 price objective on the stock in a research report on Friday. William Blair reaffirmed a “buy” rating on shares of Microsoft in a research report on Wednesday, March 21st. Deutsche Bank set a $120.00 price objective on Microsoft and gave the company a “buy” rating in a research report on Monday, March 12th. Zacks Investment Research cut Microsoft from a “buy” rating to a “hold” rating in a research report on Tuesday, March 6th. Finally, Tigress Financial reaffirmed a “buy” rating on shares of Microsoft in a research report on Wednesday, February 14th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, thirty 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 $99.45.

Microsoft Co. (NASDAQ:MSFT) opened at $87.18 on Monday. The firm has a market capitalization of $671,267.94, a P/E ratio of 59.71, a PEG ratio of 2.01 and a beta of 1.04. The company has a current ratio of 2.89, a quick ratio of 2.85 and a debt-to-equity ratio of 1.01. Microsoft Co. has a 12-month low of $64.35 and a 12-month high of $97.24.

Microsoft (NASDAQ:MSFT) last released its earnings results on Wednesday, January 31st. The software giant reported $0.96 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.09. The firm had revenue of $28.92 billion for the quarter, compared to the consensus estimate of $28.42 billion. Microsoft had a return on equity of 35.41% and a net margin of 11.72%. The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.83 EPS. analysts forecast that Microsoft Co. will post 3.65 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 14th. Stockholders of record on Thursday, May 17th will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 1.93%. The ex-dividend date of this dividend is Wednesday, May 16th. Microsoft’s dividend payout ratio is currently 115.07%.

In other news, EVP Christopher C. Capossela sold 3,500 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $93.00, for a total transaction of $325,500.00. Following the transaction, the executive vice president now owns 171,278 shares of the company’s stock, valued at approximately $15,928,854. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CMO Christopher C. Capossela sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $93.30, for a total value of $279,900.00. Following the transaction, the chief marketing officer now directly owns 178,278 shares in the company, valued at approximately $16,633,337.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 10,000 shares of company stock worth $930,900. Corporate insiders own 1.49% of the company’s stock.

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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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