Puzo Michael J Has $5.20 Million Stake in Microsoft Co. (MSFT)

Puzo Michael J lessened its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 1.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 69,852 shares of the software giant’s stock after selling 943 shares during the quarter. Microsoft comprises approximately 2.7% of Puzo Michael J’s portfolio, making the stock its 16th biggest position. Puzo Michael J’s holdings in Microsoft were worth $5,202,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. Appropriate Balance Financial Services Inc. increased its position in shares of Microsoft by 4.7% in the second quarter. Appropriate Balance Financial Services Inc. now owns 643 shares of the software giant’s stock valued at $9,331,000 after buying an additional 29 shares in the last quarter. Acrospire Investment Management LLC increased its position in shares of Microsoft by 300.0% in the second quarter. Acrospire Investment Management LLC now owns 1,600 shares of the software giant’s stock valued at $110,000 after buying an additional 1,200 shares in the last quarter. Hefty Wealth Partners increased its position in shares of Microsoft by 65.6% in the second quarter. Hefty Wealth Partners now owns 1,648 shares of the software giant’s stock valued at $113,000 after buying an additional 653 shares in the last quarter. Stelac Advisory Services LLC increased its position in shares of Microsoft by 23.5% in the second quarter. Stelac Advisory Services LLC now owns 2,033 shares of the software giant’s stock valued at $140,000 after buying an additional 387 shares in the last quarter. Finally, Pacific Center for Financial Services increased its position in shares of Microsoft by 3.0% in the second quarter. Pacific Center for Financial Services now owns 2,572 shares of the software giant’s stock valued at $177,000 after buying an additional 75 shares in the last quarter. Hedge funds and other institutional investors own 73.16% of the company’s stock.

A number of research analysts have recently weighed in on MSFT shares. Canaccord Genuity restated a “hold” rating and issued a $76.00 price target on shares of Microsoft in a research report on Friday, September 15th. Royal Bank of Canada set a $77.00 price target on Microsoft and gave the company a “buy” rating in a research report on Monday, September 18th. Stifel Nicolaus restated a “buy” rating and issued a $80.00 price target on shares of Microsoft in a research report on Monday, September 18th. Oppenheimer set a $80.00 price target on Microsoft and gave the company a “buy” rating in a research report on Monday, September 25th. Finally, ValuEngine cut Microsoft from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirty-one have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $86.30.

In other news, EVP Christopher C. Capossela sold 4,000 shares of Microsoft stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $83.46, for a total value of $333,840.00. Following the transaction, the executive vice president now directly owns 189,278 shares of the company’s stock, valued at approximately $15,797,141.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Frank H. Brod sold 18,000 shares of Microsoft stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $83.15, for a total value of $1,496,700.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 45,000 shares of company stock worth $3,759,420. 1.49% of the stock is owned by corporate insiders.

Shares of Microsoft Co. (MSFT) opened at $88.08 on Friday. The company has a quick ratio of 3.06, a current ratio of 3.12 and a debt-to-equity ratio of 0.91. Microsoft Co. has a 52 week low of $61.95 and a 52 week high of $88.73. The stock has a market capitalization of $679,500.00, a PE 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 results on Thursday, October 26th. The software giant reported $0.84 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $23.57 billion. During the same period last year, the company earned $0.76 EPS. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. equities analysts predict that Microsoft Co. will post 3.38 earnings per share for the current year.

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

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Microsoft 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.

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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