Steigerwald Gordon & Koch Inc. lowered its position in Microsoft Co. (NASDAQ:MSFT) by 2.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 123,307 shares of the software giant’s stock after selling 2,921 shares during the quarter. Microsoft accounts for approximately 3.7% of Steigerwald Gordon & Koch Inc.’s holdings, making the stock its biggest holding. Steigerwald Gordon & Koch Inc.’s holdings in Microsoft were worth $12,524,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of MSFT. Arvest Bank Trust Division raised its stake in shares of Microsoft by 1.0% in the 4th quarter. Arvest Bank Trust Division now owns 11,176 shares of the software giant’s stock valued at $1,135,000 after purchasing an additional 111 shares in the last quarter. First American Bank raised its stake in shares of Microsoft by 1.9% in the 4th quarter. First American Bank now owns 229,473 shares of the software giant’s stock valued at $23,307,000 after purchasing an additional 4,199 shares in the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management raised its stake in shares of Microsoft by 74.7% in the 4th quarter. Livingston Group Asset Management CO operating as Southport Capital Management now owns 26,558 shares of the software giant’s stock valued at $2,698,000 after purchasing an additional 11,360 shares in the last quarter. Lodestar Investment Counsel LLC IL raised its stake in shares of Microsoft by 0.3% in the 4th quarter. Lodestar Investment Counsel LLC IL now owns 395,625 shares of the software giant’s stock valued at $40,184,000 after purchasing an additional 1,353 shares in the last quarter. Finally, Davis R M Inc. raised its stake in shares of Microsoft by 11.8% in the 4th quarter. Davis R M Inc. now owns 249,938 shares of the software giant’s stock valued at $25,386,000 after purchasing an additional 26,436 shares in the last quarter. Hedge funds and other institutional investors own 72.94% of the company’s stock.
In other Microsoft news, CEO Satya Nadella sold 267,466 shares of the company’s stock in a transaction dated Wednesday, February 6th. The shares were sold at an average price of $106.01, for a total value of $28,354,070.66. Following the completion of the transaction, the chief executive officer now owns 1,746,854 shares in the company, valued at approximately $185,183,992.54. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Frank H. Brod sold 7,220 shares of the company’s stock in a transaction dated Thursday, February 28th. The stock was sold at an average price of $112.76, for a total transaction of $814,127.20. Following the completion of the transaction, the insider now owns 53,069 shares of the company’s stock, valued at approximately $5,984,060.44. The disclosure for this sale can be found here. In the last 90 days, insiders sold 333,667 shares of company stock valued at $35,657,016. 1.38% of the stock is owned by insiders.
Microsoft (NASDAQ:MSFT) last posted its earnings results on Wednesday, April 24th. The software giant reported $1.14 EPS for the quarter, topping the consensus estimate of $1.00 by $0.14. Microsoft had a net margin of 28.31% and a return on equity of 39.52%. The firm had revenue of $30.57 billion during the quarter, compared to analysts’ expectations of $29.86 billion. During the same quarter in the prior year, the firm earned $0.95 EPS. Microsoft’s quarterly revenue was up 14.0% on a year-over-year basis. Sell-side analysts predict that Microsoft Co. will post 4.42 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Wednesday, May 15th will be given a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend is Wednesday, May 15th. Microsoft’s dividend payout ratio (DPR) is 47.42%.
MSFT has been the topic of a number of recent analyst reports. Bank of America upgraded shares of Microsoft to a “buy” rating and cut their target price for the company from $150.00 to $140.00 in a research note on Monday, January 28th. They noted that the move was a valuation call. Credit Suisse Group set a $125.00 target price on shares of Microsoft and gave the company a “buy” rating in a research note on Sunday, January 27th. Zacks Investment Research upgraded shares of Microsoft from a “hold” rating to a “buy” rating and set a $118.00 target price on the stock in a research note on Thursday, January 24th. Goldman Sachs Group restated a “buy” rating and issued a $123.00 target price on shares of Microsoft in a research note on Wednesday, January 23rd. Finally, Royal Bank of Canada restated a “buy” rating and issued a $124.00 target price on shares of Microsoft in a research note on Monday, January 21st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $125.97.
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.
See Also: Ex-Dividend
Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Co. (NASDAQ:MSFT).
Receive News & Ratings for Microsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft and related companies with MarketBeat.com's FREE daily email newsletter.