Microsoft Corporation (MSFT) Shares Trimmed by Rockefeller Financial Services Inc.

Rockefeller Financial Services Inc. cut its position in shares of Microsoft Corporation (NASDAQ:MSFT) by 5.5% during the third quarter, according to its most recent disclosure with the SEC. The firm owned 2,741,137 shares of the software giant’s stock after selling 159,793 shares during the period. Microsoft Corporation comprises about 3.3% of Rockefeller Financial Services Inc.’s portfolio, making the stock its largest position. Rockefeller Financial Services Inc.’s holdings in Microsoft Corporation were worth $157,889,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Roble Belko & Company Inc raised its stake in shares of Microsoft Corporation by 9.0% in the second quarter. Roble Belko & Company Inc now owns 2,535 shares of the software giant’s stock worth $130,000 after buying an additional 210 shares during the period. Peddock Capital Advisors LLC purchased a new stake in shares of Microsoft Corporation during the third quarter worth approximately $130,000. FFT Wealth Management LLC purchased a new stake in shares of Microsoft Corporation during the second quarter worth approximately $206,000. Crossvault Capital Management LLC purchased a new stake in shares of Microsoft Corporation during the third quarter worth approximately $209,000. Finally, Schneider Downs Wealth Management Advisors LP purchased a new stake in shares of Microsoft Corporation during the third quarter worth approximately $212,000. 70.72% of the stock is owned by hedge funds and other institutional investors.

Microsoft Corporation (NASDAQ:MSFT) opened at 62.64 on Tuesday. Microsoft Corporation has a 12 month low of $48.03 and a 12 month high of $64.10. The company has a 50-day moving average of $61.81 and a 200 day moving average of $57.95. The company has a market cap of $487.05 billion, a PE ratio of 30.00 and a beta of 1.13.

Microsoft Corporation (NASDAQ:MSFT) last posted its quarterly earnings results on Thursday, October 20th. The software giant reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.08. The business earned $22.30 billion during the quarter, compared to the consensus estimate of $21.71 billion. Microsoft Corporation had a net margin of 19.40% and a return on equity of 30.92%. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.67 earnings per share. On average, equities analysts forecast that Microsoft Corporation will post $2.98 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 9th. Shareholders of record on Thursday, February 16th will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 2.49%. The ex-dividend date is Tuesday, February 14th. Microsoft Corporation’s dividend payout ratio is presently 75.00%.

A number of analysts have recently commented on the company. Pacific Crest restated an “overweight” rating on shares of Microsoft Corporation in a report on Saturday. Barclays PLC set a $70.00 target price on Microsoft Corporation and gave the stock a “buy” rating in a report on Friday. Morgan Stanley reiterated an “overweight” rating and set a $74.00 target price (up previously from $62.00) on shares of Microsoft Corporation in a report on Friday, December 23rd. Piper Jaffray Companies began coverage on Microsoft Corporation in a report on Wednesday, December 21st. They set an “overweight” rating and a $80.00 target price on the stock. Finally, Zacks Investment Research upgraded Microsoft Corporation from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a report on Wednesday, December 21st. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and twenty-five have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $63.68.

In other news, CMO Christopher C. Capossela sold 12,000 shares of the company’s stock in a transaction dated Tuesday, November 8th. The shares were sold at an average price of $60.51, for a total transaction of $726,120.00. Following the completion of the transaction, the chief marketing officer now directly owns 253,306 shares of the company’s stock, valued at $15,327,546.06. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director William H. Gates III sold 2,000,000 shares of the company’s stock in a transaction dated Wednesday, October 26th. The shares were sold at an average price of $60.78, for a total transaction of $121,560,000.00. The disclosure for this sale can be found here. 2.99% of the stock is currently owned by company insiders.

Microsoft Corporation Company Profile

Microsoft Corporation is a technology company. The Company develops, licenses and supports a range of software products, services and devices. Its segments are Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. Its 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.

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