Hoertkorn Richard Charles Cuts Position in Microsoft Co. (MSFT)

Hoertkorn Richard Charles cut its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 0.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 96,276 shares of the software giant’s stock after selling 800 shares during the quarter. Microsoft makes up approximately 4.5% of Hoertkorn Richard Charles’ holdings, making the stock its 4th biggest position. Hoertkorn Richard Charles’ holdings in Microsoft were worth $7,172,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in MSFT. Nottingham Advisors Inc. boosted its stake in Microsoft by 0.4% in the 2nd quarter. Nottingham Advisors Inc. now owns 5,399 shares of the software giant’s stock worth $372,000 after purchasing an additional 22 shares during the period. American Economic Planning Group Inc. ADV boosted its stake in Microsoft by 0.5% in the 2nd quarter. American Economic Planning Group Inc. ADV now owns 4,939 shares of the software giant’s stock worth $340,000 after purchasing an additional 23 shares during the period. Carderock Capital Management Inc. boosted its stake in Microsoft by 0.7% in the 2nd quarter. Carderock Capital Management Inc. now owns 3,981 shares of the software giant’s stock worth $274,000 after purchasing an additional 26 shares during the period. Appropriate Balance Financial Services Inc. boosted its stake in 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. Finally, AlphaMark Advisors LLC boosted its stake in Microsoft by 1.1% in the 2nd quarter. AlphaMark Advisors LLC now owns 2,677 shares of the software giant’s stock worth $185,000 after purchasing an additional 30 shares during the period. Institutional investors own 73.16% of the company’s stock.

Shares of Microsoft Co. (MSFT) opened at $89.60 on Friday. Microsoft Co. has a twelve month low of $62.03 and a twelve month high of $89.78. The firm has a market capitalization of $691,230.00, a price-to-earnings ratio of 30.27, a P/E/G ratio of 2.05 and a beta of 0.99. The company has a current ratio of 3.12, a quick ratio of 3.06 and a debt-to-equity ratio of 0.91.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Thursday, October 26th. The software giant reported $0.84 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.12. Microsoft had a return on equity of 35.23% and a net margin of 24.56%. The company had revenue of $24.50 billion for the quarter, compared to analyst estimates of $23.57 billion. During the same quarter in the prior year, the firm posted $0.76 EPS. Microsoft’s quarterly revenue was up 11.7% compared to the same quarter last year. equities analysts forecast that Microsoft Co. will post 3.39 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Investors of record on Thursday, February 15th will be issued a dividend of $0.42 per share. The ex-dividend date is Wednesday, February 14th. This represents a $1.68 annualized dividend and a yield of 1.88%. Microsoft’s payout ratio is presently 56.76%.

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

MSFT has been the subject of several recent analyst reports. Royal Bank of Canada set a $77.00 price target on Microsoft and gave the stock a “buy” rating in a research note on Monday, September 18th. Stifel Nicolaus restated a “buy” rating and issued a $80.00 price target on shares of Microsoft in a research note on Monday, September 18th. Oppenheimer set a $80.00 price target on Microsoft and gave the stock a “buy” rating in a research note on Monday, September 25th. ValuEngine downgraded Microsoft from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Finally, Canaccord Genuity upgraded Microsoft from a “hold” rating to a “buy” rating and upped their price target for the stock from $76.00 to $86.00 in a research note on Thursday, October 5th. Two investment 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 stock. The company has a consensus rating of “Buy” and a consensus price target of $86.97.

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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.

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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