Guinness Atkinson Asset Management Inc Has $303,000 Position in Microsoft Co. (MSFT)

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Guinness Atkinson Asset Management Inc lowered its holdings in Microsoft Co. (NASDAQ:MSFT) by 23.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,650 shares of the software giant’s stock after selling 820 shares during the period. Guinness Atkinson Asset Management Inc’s holdings in Microsoft were worth $303,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Peak Capital Management LLC acquired a new stake in shares of Microsoft during the 2nd quarter worth approximately $107,000. Quattro Financial Advisors LLC acquired a new stake in shares of Microsoft during the 3rd quarter worth approximately $132,000. WP Advisors LLC acquired a new stake in shares of Microsoft during the 2nd quarter worth approximately $131,000. Live Your Vision LLC raised its position in shares of Microsoft by 58.7% during the 2nd quarter. Live Your Vision LLC now owns 1,376 shares of the software giant’s stock worth $140,000 after purchasing an additional 509 shares during the period. Finally, LFA Lugano Financial Advisors SA acquired a new stake in shares of Microsoft during the 2nd quarter worth approximately $139,000. 71.64% of the stock is owned by hedge funds and other institutional investors.

Shares of Microsoft stock opened at $102.80 on Friday. The firm has a market capitalization of $802.86 billion, a PE ratio of 26.49, a price-to-earnings-growth ratio of 1.89 and a beta of 1.24. The company has a quick ratio of 2.85, a current ratio of 2.92 and a debt-to-equity ratio of 0.88. Microsoft Co. has a 12 month low of $83.83 and a 12 month high of $116.18.

Microsoft (NASDAQ:MSFT) last issued its earnings results on Wednesday, October 24th. The software giant reported $1.14 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.18. The business had revenue of $29.08 billion during the quarter, compared to analysts’ expectations of $27.92 billion. Microsoft had a return on equity of 39.86% and a net margin of 16.38%. Microsoft’s revenue was up 18.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.84 earnings per share. As a group, analysts predict that Microsoft Co. will post 4.43 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 14th. Stockholders of record on Thursday, February 21st will be given a $0.46 dividend. The ex-dividend date of this dividend is Wednesday, February 20th. This represents a $1.84 annualized dividend and a dividend yield of 1.79%. Microsoft’s dividend payout ratio (DPR) is presently 47.42%.

In related news, insider Frank H. Brod sold 20,000 shares of the stock in a transaction on Wednesday, October 31st. The stock was sold at an average price of $107.70, for a total transaction of $2,154,000.00. Following the completion of the sale, the insider now directly owns 66,676 shares in the company, valued at $7,181,005.20. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Satya Nadella sold 203,418 shares of the stock in a transaction on Friday, October 26th. The stock was sold at an average price of $106.68, for a total value of $21,700,632.24. Following the sale, the chief executive officer now owns 1,014,247 shares of the company’s stock, valued at $108,199,869.96. The disclosure for this sale can be found here. In the last ninety days, insiders sold 279,918 shares of company stock valued at $30,102,412. 1.38% of the stock is currently owned by insiders.

A number of analysts have recently weighed in on MSFT shares. Credit Suisse Group set a $125.00 price target on Microsoft and gave the stock a “buy” rating in a research report on Sunday, December 23rd. Jefferies Financial Group restated a “sell” rating and issued a $75.00 target price on shares of Microsoft in a research report on Monday, November 19th. Oppenheimer set a $127.00 target price on Microsoft and gave the company a “buy” rating in a research report on Monday, October 1st. Wells Fargo & Co restated a “buy” rating and issued a $130.00 target price on shares of Microsoft in a research report on Thursday, September 27th. Finally, Macquarie restated a “buy” rating on shares of Microsoft in a research report on Monday, October 15th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty-three have issued a buy rating and two have issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $121.88.

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Microsoft 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 for businesses, 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.

Further Reading: Fundamental Analysis and Choosing Stocks

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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