Sullivan Bruyette Speros & Blaney LLC Trims Stake in Microsoft Co. (NASDAQ:MSFT)

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Sullivan Bruyette Speros & Blaney LLC reduced its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 5.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 171,034 shares of the software giant’s stock after selling 9,308 shares during the quarter. Microsoft accounts for 1.4% of Sullivan Bruyette Speros & Blaney LLC’s holdings, making the stock its 12th largest position. Sullivan Bruyette Speros & Blaney LLC’s holdings in Microsoft were worth $22,912,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in MSFT. Janus Henderson Group PLC boosted its stake in shares of Microsoft by 0.7% in the second quarter. Janus Henderson Group PLC now owns 52,986,086 shares of the software giant’s stock worth $7,097,675,000 after acquiring an additional 342,648 shares during the last quarter. Clearbridge Investments LLC boosted its stake in Microsoft by 0.8% during the first quarter. Clearbridge Investments LLC now owns 24,262,155 shares of the software giant’s stock worth $2,861,479,000 after buying an additional 201,876 shares during the last quarter. Fisher Asset Management LLC boosted its stake in Microsoft by 3.9% during the second quarter. Fisher Asset Management LLC now owns 20,822,243 shares of the software giant’s stock worth $2,789,348,000 after buying an additional 778,351 shares during the last quarter. Lunia Capital LP boosted its stake in Microsoft by 9,650.2% during the fourth quarter. Lunia Capital LP now owns 17,036,540 shares of the software giant’s stock worth $17,037,000 after buying an additional 16,861,809 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in Microsoft by 1.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 13,537,606 shares of the software giant’s stock worth $1,375,016,000 after buying an additional 150,105 shares during the last quarter. Institutional investors own 72.49% of the company’s stock.

In other Microsoft news, EVP Kathleen T. Hogan sold 15,947 shares of the stock in a transaction on Monday, June 10th. The stock was sold at an average price of $133.17, for a total transaction of $2,123,661.99. Following the sale, the executive vice president now owns 202,518 shares in the company, valued at approximately $26,969,322.06. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Frank H. Brod sold 4,000 shares of the firm’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $141.05, for a total value 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 33,819 shares of company stock worth $4,603,450. 1.38% of the stock is owned by insiders.

NASDAQ:MSFT traded up $2.24 during trading hours on Thursday, reaching $139.87. 4,465,828 shares of the company traded hands, compared to its average volume of 22,883,080. The firm’s 50-day moving average is $137.14 and its 200-day moving average is $127.48. The stock has a market cap of $1,038.72 billion, a P/E ratio of 29.45, a P/E/G ratio of 2.37 and a beta of 1.22. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.53 and a quick ratio of 2.50. Microsoft Co. has a 1-year low of $93.96 and a 1-year high of $141.68.

Microsoft (NASDAQ:MSFT) last announced 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 for the quarter, compared to analysts’ expectations of $32.80 billion. Microsoft had a return on equity of 39.26% and a net margin of 31.18%. Microsoft’s quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.13 EPS. As a group, research analysts predict that Microsoft Co. will post 5.22 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 15th will be issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend is Wednesday, August 14th. Microsoft’s dividend payout ratio (DPR) is presently 38.74%.

A number of equities analysts have weighed in on the company. Goldman Sachs Group set a $151.00 price objective on Microsoft and gave the stock a “buy” rating in a research note on Friday, July 19th. Wedbush reissued an “outperform” rating on shares of Microsoft in a research note on Thursday, August 29th. UBS Group set a $162.00 price objective on Microsoft and gave the stock a “buy” rating in a research note on Friday, July 19th. Deutsche Bank set a $155.00 price objective on Microsoft and gave the stock a “buy” rating in a research note on Wednesday, July 17th. Finally, Royal Bank of Canada reissued a “buy” rating and set a $153.00 price objective on shares of Microsoft in a research note on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-eight have issued a buy rating and one has assigned a strong buy rating to the stock. Microsoft has an average rating of “Buy” and a consensus target price of $149.21.

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.

Further Reading: Understanding debt-to-equity ratio in fundamental analysis

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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