Smithbridge Asset Management Inc. DE cut its holdings in Microsoft Co. (NASDAQ:MSFT) by 1.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 51,974 shares of the software giant’s stock after selling 895 shares during the period. Microsoft accounts for approximately 3.6% of Smithbridge Asset Management Inc. DE’s portfolio, making the stock its 3rd biggest holding. Smithbridge Asset Management Inc. DE’s holdings in Microsoft were worth $5,944,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of MSFT. Progressive Investment Management Corp lifted its holdings in Microsoft by 0.7% during the 2nd quarter. Progressive Investment Management Corp now owns 71,588 shares of the software giant’s stock worth $7,022,000 after buying an additional 468 shares in the last quarter. Green Square Capital LLC lifted its holdings in Microsoft by 3.1% during the 2nd quarter. Green Square Capital LLC now owns 15,502 shares of the software giant’s stock worth $1,529,000 after buying an additional 470 shares in the last quarter. BKS Advisors LLC lifted its holdings in Microsoft by 4.6% during the 2nd quarter. BKS Advisors LLC now owns 10,816 shares of the software giant’s stock worth $1,067,000 after buying an additional 477 shares in the last quarter. Ellenbecker Investment Group lifted its holdings in Microsoft by 7.6% during the 3rd quarter. Ellenbecker Investment Group now owns 6,821 shares of the software giant’s stock worth $780,000 after buying an additional 480 shares in the last quarter. Finally, Chatham Capital Group Inc. lifted its holdings in Microsoft by 9.3% during the 2nd quarter. Chatham Capital Group Inc. now owns 5,689 shares of the software giant’s stock worth $561,000 after buying an additional 482 shares in the last quarter. Institutional investors and hedge funds own 71.67% of the company’s stock.

In other news, CMO Christopher C. Capossela sold 10,000 shares of Microsoft stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $111.77, for a total transaction of $1,117,700.00. Following the sale, the chief marketing officer now owns 177,931 shares in the company, valued at $19,887,347.87. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Christopher C. Capossela sold 4,000 shares of the business’s stock in a transaction on Monday, December 10th. The stock was sold at an average price of $105.50, for a total transaction of $422,000.00. Following the completion of the sale, the executive vice president now owns 169,931 shares in the company, valued at approximately $17,927,720.50. The disclosure for this sale can be found here. Insiders sold 279,918 shares of company stock valued at $30,102,412 over the last quarter. Company insiders own 1.38% of the company’s stock.

MSFT has been the topic of several research reports. Credit Suisse Group set a $125.00 price objective on Microsoft and gave the stock a “buy” rating in a report on Tuesday, October 2nd. Oppenheimer set a $127.00 price objective on Microsoft and gave the stock a “buy” rating in a report on Monday, October 1st. Wells Fargo & Co reiterated a “buy” rating and set a $130.00 target price on shares of Microsoft in a research report on Thursday, September 27th. Royal Bank of Canada set a $124.00 target price on shares of Microsoft and gave the company a “buy” rating in a research report on Monday, September 10th. Finally, Barclays set a $120.00 target price on shares of Microsoft and gave the company a “buy” rating in a research report on Wednesday, September 26th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, thirty-three have assigned a buy rating and two have given a strong buy rating to the stock. Microsoft currently has an average rating of “Buy” and a consensus target price of $121.88.

Microsoft stock opened at $101.93 on Friday. Microsoft Co. has a 1-year low of $83.83 and a 1-year high of $116.18. The company has a market cap of $782.07 billion, a P/E ratio of 26.27, a PEG ratio of 1.84 and a beta of 1.23. The company has a debt-to-equity ratio of 0.88, a quick ratio of 2.85 and a current ratio of 2.92.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Wednesday, October 24th. The software giant reported $1.14 earnings per share for the quarter, beating 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 net margin of 16.38% and a return on equity of 39.86%. The firm’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.84 EPS. Research analysts expect that Microsoft Co. will post 4.43 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 14th. Shareholders of record on Thursday, February 21st will be paid a dividend of $0.46 per share. The ex-dividend date of this dividend is Wednesday, February 20th. This represents a $1.84 dividend on an annualized basis and a yield of 1.81%. Microsoft’s dividend payout ratio is currently 47.42%.

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Microsoft Company 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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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