Microsoft Co. (NASDAQ:MSFT) is McDonald Partners LLC’s 2nd Largest Position

McDonald Partners LLC lowered its position in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 23.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,297 shares of the software giant’s stock after selling 15,156 shares during the period. Microsoft accounts for about 4.3% of McDonald Partners LLC’s holdings, making the stock its 2nd biggest position. McDonald Partners LLC’s holdings in Microsoft were worth $11,248,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Monumental Financial Group Inc. purchased a new position in Microsoft in the 1st quarter worth approximately $28,000. Newfound Research LLC grew its stake in Microsoft by 25.4% in the 2nd 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. Darrow Company Inc. purchased a new position in Microsoft in the 2nd quarter worth approximately $82,000. Morgan Dempsey Capital Management LLC purchased a new position in Microsoft in the 3rd quarter worth approximately $82,000. Finally, Avondale Wealth Management grew its stake in Microsoft by 58.6% in the 3rd quarter. Avondale Wealth Management now owns 406 shares of the software giant’s stock worth $95,000 after buying an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 69.15% of the company’s stock.

Insider Transactions at Microsoft

In other news, EVP Judson Althoff sold 24,144 shares of the stock in a transaction that occurred on Thursday, December 1st. The shares were sold at an average price of $254.27, for a total value of $6,139,094.88. Following the transaction, 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 Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.03% of the company’s stock.

Microsoft Stock Performance

Shares of NASDAQ MSFT opened at $239.23 on Tuesday. The firm’s 50-day moving average price is $241.60 and its 200-day moving average price is $250.60. 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 company has a market cap of $1.78 trillion, a PE ratio of 25.78, a PEG ratio of 2.35 and a beta of 0.94. Microsoft Co. has a 52-week low of $213.43 and a 52-week high of $315.95.

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

Microsoft Dividend Announcement

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 paid a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 1.14%. The ex-dividend date is Wednesday, February 15th. Microsoft’s dividend payout ratio (DPR) is presently 29.31%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on MSFT shares. Raymond James cut their price objective on shares of Microsoft from $300.00 to $280.00 and set an “outperform” rating for the company in a research note on Wednesday, October 26th. StockNews.com started coverage on shares of Microsoft in a research note on Wednesday, October 12th. They issued a “buy” rating for the company. Jefferies Financial Group set a $270.00 price target on shares of Microsoft in a report on Thursday, January 5th. Fundamental Research lowered their price target on shares of Microsoft to $270.00 and set a “buy” rating for the company in a report on Tuesday, November 8th. Finally, UBS Group set a $250.00 price target on shares of Microsoft in a report on Thursday, January 12th. Four research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company. Based on data from MarketBeat.com, Microsoft currently has an average rating of “Moderate Buy” and an average target price of $293.09.

Microsoft Profile

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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.

See Also

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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