Microsoft Co. (NASDAQ:MSFT) Stock Position Reduced by Marble Harbor Investment Counsel LLC

Marble Harbor Investment Counsel LLC cut its position in shares of Microsoft Co. (NASDAQ:MSFT) by 2.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 173,627 shares of the software giant’s stock after selling 4,714 shares during the period. Microsoft accounts for about 6.1% of Marble Harbor Investment Counsel LLC’s investment portfolio, making the stock its largest position. Marble Harbor Investment Counsel LLC’s holdings in Microsoft were worth $47,036,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Aviva PLC raised its stake in shares of Microsoft by 1.0% in the 1st quarter. Aviva PLC now owns 3,844,964 shares of the software giant’s stock valued at $906,528,000 after acquiring an additional 38,723 shares in the last quarter. Kiwi Wealth Investments Limited Partnership grew its holdings in Microsoft by 16.8% during the first quarter. Kiwi Wealth Investments Limited Partnership now owns 405,372 shares of the software giant’s stock valued at $95,575,000 after purchasing an additional 58,323 shares during the last quarter. Essex Savings Bank raised its position in shares of Microsoft by 2.0% in the second quarter. Essex Savings Bank now owns 25,157 shares of the software giant’s stock valued at $6,281,000 after purchasing an additional 500 shares during the period. Soltis Investment Advisors LLC lifted its stake in shares of Microsoft by 38.2% in the first quarter. Soltis Investment Advisors LLC now owns 35,049 shares of the software giant’s stock worth $8,264,000 after buying an additional 9,693 shares during the last quarter. Finally, Semmax Financial Advisors Inc. boosted its holdings in shares of Microsoft by 20.5% during the 1st quarter. Semmax Financial Advisors Inc. now owns 12,046 shares of the software giant’s stock worth $2,840,000 after buying an additional 2,046 shares during the period. Hedge funds and other institutional investors own 69.17% of the company’s stock.

In related news, CMO Christopher C. Capossela sold 10,000 shares of the firm’s stock in a transaction on Friday, September 10th. The shares were sold at an average price of $298.82, for a total value of $2,988,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Amy Hood sold 60,000 shares of the company’s stock in a transaction on Wednesday, September 1st. The stock was sold at an average price of $303.08, for a total transaction of $18,184,800.00. The disclosure for this sale can be found here. Insiders have sold a total of 165,573 shares of company stock valued at $50,066,379 over the last ninety days. Company insiders own 0.05% of the company’s stock.

A number of research firms have weighed in on MSFT. Piper Sandler boosted their target price on shares of Microsoft from $305.00 to $310.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 28th. Griffin Securities boosted their price objective on Microsoft from $290.00 to $345.00 and gave the stock a “buy” rating in a research report on Wednesday, July 28th. Citigroup lifted their price target on Microsoft from $378.00 to $411.00 and gave the stock a “buy” rating in a research report on Wednesday, July 28th. Credit Suisse Group upped their price objective on shares of Microsoft from $300.00 to $320.00 and gave the company an “outperform” rating in a research report on Wednesday, July 28th. Finally, Stifel Nicolaus boosted their price target on Microsoft from $305.00 to $325.00 and gave the company a “buy” rating in a research note on Wednesday, July 28th. Two equities research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Microsoft presently has an average rating of “Buy” and a consensus target price of $323.56.

MSFT opened at $299.87 on Friday. The stock has a market capitalization of $2.25 trillion, a P/E ratio of 37.25, a P/E/G ratio of 3.10 and a beta of 0.78. Microsoft Co. has a 12 month low of $196.25 and a 12 month high of $305.84. The firm’s fifty day simple moving average is $292.59 and its 200 day simple moving average is $265.36. The company has a current ratio of 2.08, a quick ratio of 2.05 and a debt-to-equity ratio of 0.35.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Monday, July 26th. The software giant reported $2.17 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.92 by $0.25. The firm had revenue of $46.15 billion for the quarter, compared to the consensus estimate of $44.30 billion. Microsoft had a return on equity of 45.76% and a net margin of 36.45%. The company’s revenue for the quarter was up 21.3% on a year-over-year basis. During the same quarter last year, the business posted $1.46 EPS. On average, equities research analysts predict that Microsoft Co. will post 8.61 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 9th. Shareholders of record on Thursday, November 18th will be given a dividend of $0.62 per share. The ex-dividend date is Wednesday, November 17th. This represents a $2.48 dividend on an annualized basis and a yield of 0.83%. This is an increase from Microsoft’s previous quarterly dividend of $0.56. Microsoft’s dividend payout ratio is 28.11%.

Microsoft Company Profile

Microsoft Corp. engages in the development and support of software, services, devices, and solutions. It operates through the following business segments: Productivity and Business Processes; Intelligent Cloud; and More Personal Computing. The Productivity and Business Processes segment comprises products and services in the portfolio of productivity, communication, and information services of the company spanning a variety of devices and platform.

See Also: Understanding the different types of bonds

Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Co. (NASDAQ:MSFT).

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

Receive News & Ratings for Microsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft and related companies with MarketBeat.com's FREE daily email newsletter.