Keybank National Association OH Sells 14,852 Shares of Microsoft Co. (NASDAQ:MSFT)

Keybank National Association OH reduced its holdings in Microsoft Co. (NASDAQ:MSFT) by 0.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,188,589 shares of the software giant’s stock after selling 14,852 shares during the period. Microsoft comprises 3.9% of Keybank National Association OH’s holdings, making the stock its 4th largest position. Keybank National Association OH’s holdings in Microsoft were worth $898,927,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of MSFT. Syverson Strege & Co acquired a new stake in Microsoft in the third quarter valued at approximately $72,000. Yale University acquired a new stake in shares of Microsoft in the second quarter worth approximately $110,000. Strategic Asset Management LLC acquired a new stake in shares of Microsoft in the third quarter worth approximately $168,000. Advanced Research Investment Solutions LLC boosted its stake in shares of Microsoft by 914.3% in the third quarter. Advanced Research Investment Solutions LLC now owns 639 shares of the software giant’s stock worth $180,000 after acquiring an additional 576 shares during the last quarter. Finally, Lake Point Wealth Management boosted its stake in shares of Microsoft by 11.6% in the third quarter. Lake Point Wealth Management now owns 666 shares of the software giant’s stock worth $188,000 after acquiring an additional 69 shares during the last quarter. 69.01% of the stock is currently owned by institutional investors.

MSFT stock opened at $310.20 on Friday. The company has a current ratio of 2.16, a quick ratio of 2.12 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $2.33 trillion, a PE ratio of 34.70, a P/E/G ratio of 2.89 and a beta of 0.86. Microsoft Co. has a 12-month low of $212.03 and a 12-month high of $349.67. The business’s fifty day moving average price is $330.98 and its 200 day moving average price is $307.88.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Monday, October 25th. The software giant reported $2.27 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.08 by $0.19. The firm had revenue of $45.32 billion for the quarter, compared to the consensus estimate of $44 billion. Microsoft had a return on equity of 45.80% and a net margin of 38.51%. The company’s quarterly revenue was up 22.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.82 EPS. Research analysts predict that Microsoft Co. will post 9.13 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 10th. Shareholders of record on Thursday, February 17th will be issued a dividend of $0.62 per share. The ex-dividend date of this dividend is Wednesday, February 16th. This represents a $2.48 annualized dividend and a yield of 0.80%. Microsoft’s dividend payout ratio (DPR) is 27.74%.

In other Microsoft news, CEO Satya Nadella sold 419,292 shares of the company’s stock in a transaction dated Monday, November 22nd. The stock was sold at an average price of $344.61, for a total transaction of $144,492,216.12. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Bradford L. Smith sold 55,000 shares of the company’s stock in a transaction dated Monday, November 1st. The stock was sold at an average price of $328.60, for a total value of $18,073,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 530,699 shares of company stock worth $181,312,457. 0.05% of the stock is owned by company insiders.

A number of brokerages have recently issued reports on MSFT. Mizuho lifted their price target on Microsoft from $350.00 to $360.00 and gave the stock a “buy” rating in a research note on Wednesday, October 27th. Fundamental Research lifted their price target on Microsoft from $281.78 to $299.93 and gave the stock a “hold” rating in a research note on Monday, November 22nd. Wells Fargo & Company assumed coverage on Microsoft in a research note on Monday, November 22nd. They issued an “overweight” rating and a $400.00 price target on the stock. Citigroup boosted their price objective on Microsoft from $384.00 to $407.00 and gave the stock a “buy” rating in a research note on Wednesday, October 27th. Finally, Evercore ISI boosted their price objective on Microsoft from $325.00 to $370.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 27th. One research analyst has rated the stock with a hold rating, thirty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $351.34.

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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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