Patton Albertson Miller Group LLC Reduces Position in Microsoft Co. (MSFT)

Patton Albertson Miller Group LLC decreased its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 6.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,483 shares of the software giant’s stock after selling 549 shares during the quarter. Patton Albertson Miller Group LLC’s holdings in Microsoft were worth $640,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Nicolet Bankshares Inc. raised its stake in Microsoft by 6.3% during the fourth quarter. Nicolet Bankshares Inc. now owns 20,062 shares of the software giant’s stock worth $1,716,000 after acquiring an additional 1,188 shares during the period. Quadrant Private Wealth Management LLC acquired a new stake in Microsoft during the fourth quarter worth about $761,000. Delaney Dennis R raised its stake in Microsoft by 13.5% during the fourth quarter. Delaney Dennis R now owns 23,117 shares of the software giant’s stock worth $1,978,000 after acquiring an additional 2,750 shares during the period. PFG Advisors acquired a new stake in Microsoft during the fourth quarter worth about $214,000. Finally, Columbus Macro LLC acquired a new stake in Microsoft during the fourth quarter worth about $805,000. Hedge funds and other institutional investors own 72.44% of the company’s stock.

Several research firms recently weighed in on MSFT. ValuEngine upgraded shares of Microsoft from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Instinet initiated coverage on shares of Microsoft in a research note on Thursday, January 25th. They issued a “buy” rating on the stock. Zacks Investment Research lowered shares of Microsoft from a “buy” rating to a “hold” rating in a research note on Tuesday, March 6th. Credit Suisse Group set a $115.00 price target on shares of Microsoft and gave the company a “buy” rating in a research note on Tuesday, April 24th. Finally, UBS set a $114.00 price target on shares of Microsoft and gave the company a “buy” rating in a research note on Friday, April 27th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirty-three have given a buy rating to the company’s stock. Microsoft currently has a consensus rating of “Buy” and an average target price of $103.13.



In related news, EVP Christopher C. Capossela sold 3,500 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $93.00, for a total transaction of $325,500.00. Following the completion of the sale, the executive vice president now directly owns 171,278 shares in the company, valued at $15,928,854. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.49% of the company’s stock.

Shares of NASDAQ:MSFT opened at $98.66 on Thursday. The company has a market cap of $751.50 billion, a P/E ratio of 29.81, a price-to-earnings-growth ratio of 2.15 and a beta of 1.04. Microsoft Co. has a 1-year low of $67.43 and a 1-year high of $98.69. The company has a quick ratio of 3.35, a current ratio of 3.40 and a debt-to-equity ratio of 1.00.

Microsoft (NASDAQ:MSFT) last issued its earnings results on Thursday, April 26th. The software giant reported $0.95 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.10. The firm had revenue of $26.82 billion during the quarter, compared to analysts’ expectations of $25.78 billion. Microsoft had a net margin of 13.72% and a return on equity of 36.49%. The firm’s revenue for the quarter was up 15.5% compared to the same quarter last year. During the same period last year, the firm posted $0.73 earnings per share. sell-side analysts anticipate that Microsoft Co. will post 3.8 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 14th. Investors of record on Thursday, May 17th will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date of this dividend is Wednesday, May 16th. Microsoft’s payout ratio is 50.76%.

About Microsoft

Microsoft Corporation develops, licenses, and supports software products, services, and devices worldwide. The company's Productivity and Business Processes segment offers Office 365 commercial products and services for businesses, including Office, Exchange, SharePoint, Skype for Business, and related Client Access Licenses (CALs); Office 365 consumer services, such as Skype, Outlook.com, and OneDrive; Dynamics business solutions, such as financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and mid-size businesses, large organizations, and divisions of enterprises; and LinkedIn online professional network.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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