Microsoft Co. (MSFT) Position Trimmed by Eads & Heald Investment Counsel

Eads & Heald Investment Counsel cut its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 4.5% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 26,091 shares of the software giant’s stock after selling 1,236 shares during the quarter. Microsoft comprises about 1.2% of Eads & Heald Investment Counsel’s investment portfolio, making the stock its 27th biggest holding. Eads & Heald Investment Counsel’s holdings in Microsoft were worth $1,944,000 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. Appropriate Balance Financial Services Inc. raised its holdings in shares of Microsoft by 4.7% in the 2nd quarter. Appropriate Balance Financial Services Inc. now owns 643 shares of the software giant’s stock worth $9,331,000 after purchasing an additional 29 shares during the period. Acrospire Investment Management LLC raised its holdings in shares of Microsoft by 300.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,600 shares of the software giant’s stock worth $110,000 after purchasing an additional 1,200 shares during the period. Hefty Wealth Partners raised its holdings in shares of Microsoft by 65.6% in the 2nd quarter. Hefty Wealth Partners now owns 1,648 shares of the software giant’s stock worth $113,000 after purchasing an additional 653 shares during the period. Stelac Advisory Services LLC raised its holdings in shares of Microsoft by 23.5% in the 2nd quarter. Stelac Advisory Services LLC now owns 2,033 shares of the software giant’s stock worth $140,000 after purchasing an additional 387 shares during the period. Finally, Pacific Center for Financial Services raised its holdings in shares of Microsoft by 3.0% in the 2nd quarter. Pacific Center for Financial Services now owns 2,572 shares of the software giant’s stock worth $177,000 after purchasing an additional 75 shares during the period. Hedge funds and other institutional investors own 73.16% of the company’s stock.

A number of equities analysts have recently commented on the company. Zacks Investment Research downgraded Microsoft from a “buy” rating to a “hold” rating in a report on Tuesday. Credit Suisse Group restated a “buy” rating and issued a $95.00 price objective on shares of Microsoft in a report on Friday, October 27th. Morgan Stanley set a $88.00 price objective on Microsoft and gave the stock a “buy” rating in a report on Friday, October 27th. Tigress Financial restated a “buy” rating on shares of Microsoft in a report on Tuesday, November 7th. Finally, Vetr upgraded Microsoft from a “sell” rating to a “hold” rating and set a $82.07 price objective on the stock in a report on Tuesday, October 31st. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and thirty-one have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $86.30.

Shares of Microsoft Co. (NASDAQ MSFT) opened at $88.08 on Friday. Microsoft Co. has a 12 month low of $61.95 and a 12 month high of $88.73. The company has a current ratio of 3.12, a quick ratio of 3.06 and a debt-to-equity ratio of 0.91. The firm has a market capitalization of $679,500.00, a P/E ratio of 29.76, a price-to-earnings-growth ratio of 2.06 and a beta of 0.99.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Thursday, October 26th. The software giant reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.12. Microsoft had a return on equity of 35.23% and a net margin of 24.56%. The firm had revenue of $24.50 billion during the quarter, compared to analyst estimates of $23.57 billion. During the same quarter last year, the firm earned $0.76 EPS. Microsoft’s quarterly revenue was up 11.7% on a year-over-year basis. equities research analysts forecast that Microsoft Co. will post 3.38 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Thursday, February 15th will be paid a dividend of $0.42 per share. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $1.68 dividend on an annualized basis and a yield of 1.91%. Microsoft’s dividend payout ratio (DPR) is presently 56.76%.

In other news, insider Frank H. Brod sold 18,000 shares of Microsoft stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $83.15, for a total value of $1,496,700.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Christopher C. Capossela sold 4,000 shares of Microsoft stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $83.46, for a total value of $333,840.00. Following the completion of the transaction, the executive vice president now owns 189,278 shares of the company’s stock, valued at approximately $15,797,141.88. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 45,000 shares of company stock valued at $3,759,420. 1.49% of the stock is owned by insiders.

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Microsoft Company Profile

Microsoft Corporation is a technology company. The Company develops, licenses, and supports a range of software products, services and devices. The Company’s segments include Productivity and Business Processes, Intelligent Cloud and More Personal Computing. The Company’s products include operating systems; cross-device productivity applications; server applications; business solution applications; desktop and server management tools; software development tools; video games, and training and certification of computer system integrators and developers.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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