Microsoft Co. (NASDAQ:MSFT) Position Cut by Murphy Pohlad Asset Management LLC

Murphy Pohlad Asset Management LLC reduced its position in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 1.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,346 shares of the software giant’s stock after selling 235 shares during the period. Microsoft comprises about 2.4% of Murphy Pohlad Asset Management LLC’s holdings, making the stock its 9th largest holding. Murphy Pohlad Asset Management LLC’s holdings in Microsoft were worth $5,204,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Monumental Financial Group Inc. acquired a new position in shares of Microsoft in the first quarter worth $28,000. Newfound Research LLC boosted its holdings in Microsoft by 25.4% in the second quarter. Newfound Research LLC now owns 296 shares of the software giant’s stock valued at $76,000 after purchasing an additional 60 shares during the period. Darrow Company Inc. acquired a new position in Microsoft during the 2nd quarter worth $82,000. Morgan Dempsey Capital Management LLC purchased a new stake in Microsoft during the 3rd quarter worth about $82,000. Finally, Avondale Wealth Management raised its position in Microsoft by 58.6% in the 3rd quarter. Avondale Wealth Management now owns 406 shares of the software giant’s stock valued at $95,000 after purchasing an additional 150 shares in the last quarter. 69.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MSFT has been the topic of a number of recent research reports. Barclays cut their target price on shares of Microsoft from $296.00 to $280.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 10th. Evercore ISI reduced their price objective on shares of Microsoft from $330.00 to $300.00 and set an “outperform” rating on the stock in a report on Wednesday, October 26th. Wells Fargo & Company decreased their price objective on shares of Microsoft from $315.00 to $300.00 and set an “overweight” rating for the company in a research report on Wednesday, October 26th. Fundamental Research dropped their target price on Microsoft to $270.00 and set a “buy” rating on the stock in a report on Tuesday, November 8th. Finally, UBS Group set a $250.00 price target on Microsoft in a report on Thursday, January 12th. One research analyst has rated the stock with a sell rating, three have given a hold rating and thirty have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $289.15.

Insiders Place Their Bets

In related news, EVP Judson Althoff sold 24,144 shares of the firm’s stock in a transaction dated 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 completion of the sale, the executive vice president now owns 150,047 shares in the company, valued at $38,152,450.69. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.03% of the company’s stock.

Microsoft Trading Down 1.9 %

Shares of Microsoft stock opened at $235.81 on Thursday. 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 price-to-earnings ratio of 25.41, a price-to-earnings-growth 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. The company’s 50-day simple moving average is $241.83 and its 200-day simple moving average is $250.46.

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

Microsoft Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 9th. Shareholders of record on Wednesday, February 15th will be issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date is Wednesday, February 15th. Microsoft’s dividend payout ratio (DPR) is currently 29.31%.

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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