Microsoft Co. (NASDAQ:MSFT) Shares Sold by Sonata Capital Group Inc.

Sonata Capital Group Inc. lowered its stake in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 3.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,643 shares of the software giant’s stock after selling 899 shares during the quarter. Microsoft makes up approximately 3.4% of Sonata Capital Group Inc.’s holdings, making the stock its 8th largest position. Sonata Capital Group Inc.’s holdings in Microsoft were worth $6,205,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Monumental Financial Group Inc. acquired a new position in Microsoft during the 1st quarter valued at approximately $28,000. Newfound Research LLC boosted its position in Microsoft by 25.4% during the 2nd quarter. Newfound Research LLC now owns 296 shares of the software giant’s stock worth $76,000 after acquiring an additional 60 shares during the period. Grayhawk Investment Strategies Inc. acquired a new position in Microsoft during the 2nd quarter worth $104,000. Darrow Company Inc. acquired a new position in Microsoft during the 2nd quarter worth $82,000. Finally, Morgan Dempsey Capital Management LLC acquired a new position in Microsoft during the 3rd quarter worth $82,000. Institutional investors and hedge funds own 69.15% of the company’s stock.

Insider Activity at Microsoft

In related news, EVP Judson Althoff sold 24,144 shares of the stock in a transaction that occurred on Thursday, December 1st. The stock was 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 $38,152,450.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.03% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on MSFT shares. Morgan Stanley reduced their price target on Microsoft from $325.00 to $307.00 and set an “overweight” rating for the company in a research report on Wednesday, October 26th. Wolfe Research reduced their price target on Microsoft from $340.00 to $280.00 and set an “outperform” rating for the company in a research report on Wednesday, October 26th. JPMorgan Chase & Co. reduced their price target on Microsoft from $305.00 to $275.00 in a research report on Wednesday, October 26th. Guggenheim downgraded Microsoft from a “neutral” rating to a “sell” rating and set a $212.00 price objective on the stock. in a research note on Tuesday, January 17th. Finally, Mizuho dropped their price objective on Microsoft from $305.00 to $290.00 and set a “buy” rating on the stock in a research note on Friday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and twenty-nine have given a buy rating to the stock. According to data from MarketBeat.com, Microsoft currently has a consensus rating of “Moderate Buy” and an average price target of $287.79.

Microsoft Stock Up 1.0 %

MSFT stock opened at $242.58 on Tuesday. The company has a 50 day moving average of $241.72 and a two-hundred day moving average of $249.71. The company has a market cap of $1.81 trillion, a price-to-earnings ratio of 26.14, a PEG ratio of 2.36 and a beta of 0.94. Microsoft Co. has a 12-month low of $213.43 and a 12-month high of $315.95. The company has a quick ratio of 1.79, a current ratio of 1.84 and a debt-to-equity ratio of 0.26.

Microsoft (NASDAQ:MSFTGet Rating) last announced its quarterly earnings data 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. Microsoft had a return on equity of 42.10% and a net margin of 34.37%. The business had revenue of $50.12 billion during the quarter, compared to analyst estimates of $49.70 billion. During the same period last year, the company earned $2.27 earnings per share. Microsoft’s quarterly revenue was up 10.6% compared to the same quarter last year. On average, equities analysts anticipate that Microsoft Co. will post 9.51 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The company also recently declared 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 is Wednesday, February 15th. This represents a $2.72 annualized dividend and a dividend yield of 1.12%. Microsoft’s dividend payout ratio is 29.31%.

Microsoft 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.

Further Reading

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:MSFTGet Rating).

Institutional Ownership by Quarter for Microsoft (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.