Microsoft Co. (NASDAQ:MSFT) Holdings Lowered by FinTrust Capital Advisors LLC

FinTrust Capital Advisors LLC trimmed its holdings in Microsoft Co. (NASDAQ:MSFTGet Rating) by 0.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,759 shares of the software giant’s stock after selling 195 shares during the period. Microsoft comprises about 2.4% of FinTrust Capital Advisors LLC’s investment portfolio, making the stock its 5th biggest position. FinTrust Capital Advisors LLC’s holdings in Microsoft were worth $9,244,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Monumental Financial Group Inc. purchased a new stake in shares of Microsoft in the first quarter worth about $28,000. Newfound Research LLC lifted its position in shares of Microsoft by 25.4% in the second quarter. Newfound Research LLC now owns 296 shares of the software giant’s stock worth $76,000 after buying an additional 60 shares in the last quarter. Grayhawk Investment Strategies Inc. purchased a new stake in shares of Microsoft in the second quarter worth about $104,000. Darrow Company Inc. purchased a new stake in shares of Microsoft in the second quarter worth about $82,000. Finally, Morgan Dempsey Capital Management LLC purchased a new stake in shares of Microsoft in the third quarter worth about $82,000. 69.15% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MSFT has been the topic of a number of research analyst reports. Royal Bank of Canada set a $285.00 target price on Microsoft in a research report on Tuesday. Barclays reduced their price objective on Microsoft from $296.00 to $280.00 and set an “overweight” rating on the stock in a research note on Tuesday. Rosenblatt Securities reduced their price objective on Microsoft from $300.00 to $285.00 and set a “buy” rating on the stock in a research note on Thursday, October 27th. JPMorgan Chase & Co. reduced their price objective on Microsoft from $305.00 to $275.00 in a research note on Wednesday, October 26th. Finally, Macquarie assumed coverage on Microsoft in a research note on Wednesday, November 2nd. They set a “neutral” rating and a $234.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and thirty have given a buy rating to the company. Based on data from MarketBeat, Microsoft currently has an average rating of “Moderate Buy” and a consensus price target of $293.09.

Microsoft Stock Up 3.0 %

Microsoft stock opened at $235.77 on Thursday. Microsoft Co. has a twelve month low of $213.43 and a twelve month high of $323.41. The business has a fifty day moving average of $240.54 and a two-hundred day moving average of $251.09. The company has a quick ratio of 1.79, a current ratio of 1.84 and a debt-to-equity ratio of 0.26. The firm has a market cap of $1.76 trillion, a P/E ratio of 25.41, a P/E/G ratio of 2.23 and a beta of 0.94.

Microsoft (NASDAQ:MSFTGet Rating) last issued its quarterly earnings data on Tuesday, October 25th. The software giant reported $2.35 EPS for the quarter, beating the consensus estimate of $2.29 by $0.06. Microsoft had a return on equity of 42.10% and a net margin of 34.37%. The firm had revenue of $50.12 billion during the quarter, compared to analyst estimates of $49.70 billion. During the same quarter in the prior year, the business posted $2.27 EPS. The business’s revenue for the quarter was up 10.6% compared to the same quarter last year. On average, analysts forecast that Microsoft Co. will post 9.52 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 9th. Stockholders of record on Wednesday, February 15th will be issued a dividend of $0.68 per share. The ex-dividend date of this dividend is Wednesday, February 15th. This represents a $2.72 annualized dividend and a dividend yield of 1.15%. Microsoft’s dividend payout ratio is presently 29.31%.

Insider Activity

In other news, EVP Judson Althoff sold 24,144 shares of the stock in a transaction on Thursday, December 1st. The stock was sold at an average price of $254.27, for a total transaction of $6,139,094.88. Following the completion of the sale, the executive vice president now owns 150,047 shares in the company, valued at approximately $38,152,450.69. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.03% of the company’s stock.

Microsoft Company Profile

(Get Rating)

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates in three segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, Microsoft Viva, and Skype for Business; Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and enterprise divisions.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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