Microsoft Co. (NASDAQ:MSFT) is Heritage Way Advisors LLC’s 4th Largest Position

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Heritage Way Advisors LLC trimmed its position in Microsoft Co. (NASDAQ:MSFT) by 2.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,432 shares of the software giant’s stock after selling 665 shares during the quarter. Microsoft comprises approximately 2.9% of Heritage Way Advisors LLC’s holdings, making the stock its 4th biggest position. Heritage Way Advisors LLC’s holdings in Microsoft were worth $4,479,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in MSFT. Lunia Capital LP increased its holdings in Microsoft by 9,650.2% in the 4th quarter. Lunia Capital LP now owns 17,036,540 shares of the software giant’s stock worth $17,037,000 after acquiring an additional 16,861,809 shares in the last quarter. Thoroughbred Financial Services LLC increased its holdings in Microsoft by 13,479.6% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 8,726,283 shares of the software giant’s stock worth $872,628,000 after acquiring an additional 8,662,023 shares in the last quarter. Actiam N.V. purchased a new stake in Microsoft in the 4th quarter worth approximately $117,106,000. Mn Services Vermogensbeheer B.V. increased its holdings in Microsoft by 74.3% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 2,035,128 shares of the software giant’s stock worth $180,823,000 after acquiring an additional 867,711 shares in the last quarter. Finally, Fisher Asset Management LLC increased its holdings in Microsoft by 3.9% in the 2nd quarter. Fisher Asset Management LLC now owns 20,822,243 shares of the software giant’s stock worth $2,789,348,000 after acquiring an additional 778,351 shares in the last quarter. 72.49% of the stock is owned by institutional investors.

In related news, insider Frank H. Brod sold 4,000 shares of the stock in a transaction on Monday, July 29th. The stock was sold at an average price of $141.05, for a total transaction of $564,200.00. Following the sale, the insider now owns 64,152 shares in the company, valued at approximately $9,048,639.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CMO Christopher C. Capossela sold 7,000 shares of the stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $138.15, for a total value of $967,050.00. Following the sale, the chief marketing officer now owns 122,817 shares in the company, valued at approximately $16,967,168.55. The disclosure for this sale can be found here. Insiders have sold a total of 33,819 shares of company stock valued at $4,603,450 over the last quarter. Corporate insiders own 1.38% of the company’s stock.

Several research firms recently issued reports on MSFT. BMO Capital Markets increased their target price on shares of Microsoft from $147.00 to $153.00 and gave the stock an “outperform” rating in a report on Tuesday, July 16th. Credit Suisse Group set a $155.00 target price on shares of Microsoft and gave the stock a “buy” rating in a report on Monday. Cowen began coverage on shares of Microsoft in a report on Thursday, July 11th. They issued an “outperform” rating and a $150.00 target price for the company. Wedbush reissued an “outperform” rating and issued a $155.00 target price on shares of Microsoft in a report on Thursday, June 13th. Finally, Macquarie upped their price target on Microsoft from $150.00 to $160.00 and gave the stock an “outperform” rating in a research note on Friday, July 19th. One analyst has rated the stock with a sell rating, two have given a hold rating, twenty-eight have given a buy rating and two have assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $149.21.

NASDAQ MSFT opened at $134.22 on Wednesday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 2.50 and a current ratio of 2.53. The company has a market capitalization of $1,018.49 billion, a P/E ratio of 28.26, a P/E/G ratio of 2.32 and a beta of 1.23. Microsoft Co. has a one year low of $93.96 and a one year high of $141.68. The stock has a 50 day moving average price of $137.32 and a 200-day moving average price of $126.25.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Thursday, July 18th. The software giant reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.16. The firm had revenue of $33.72 billion during the quarter, compared to the consensus estimate of $32.80 billion. Microsoft had a return on equity of 39.26% and a net margin of 31.18%. The company’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.13 EPS. As a group, equities analysts predict that Microsoft Co. will post 5.22 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 15th will be given a dividend of $0.46 per share. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.37%. Microsoft’s dividend payout ratio is currently 38.74%.

Microsoft Company Profile

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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