Marble Harbor Investment Counsel LLC increased its position in Microsoft Co. (NASDAQ:MSFT) by 3.8% in the 3rd quarter, Holdings Channel reports. The firm owned 207,734 shares of the software giant’s stock after buying an additional 7,660 shares during the period. Microsoft makes up 3.2% of Marble Harbor Investment Counsel LLC’s holdings, making the stock its 5th biggest holding. Marble Harbor Investment Counsel LLC’s holdings in Microsoft were worth $15,474,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of the company. River Wealth Advisors LLC raised its stake in Microsoft by 6.4% during the 2nd quarter. River Wealth Advisors LLC now owns 25,130 shares of the software giant’s stock valued at $1,732,000 after acquiring an additional 1,517 shares during the last quarter. One Capital Management LLC raised its stake in Microsoft by 5.0% during the 2nd quarter. One Capital Management LLC now owns 56,671 shares of the software giant’s stock valued at $3,906,000 after acquiring an additional 2,675 shares during the last quarter. JLB & Associates Inc. purchased a new stake in Microsoft during the 2nd quarter valued at approximately $10,873,000. First National Bank Sioux Falls raised its stake in Microsoft by 9.6% during the 2nd quarter. First National Bank Sioux Falls now owns 15,629 shares of the software giant’s stock valued at $1,078,000 after acquiring an additional 1,365 shares during the last quarter. Finally, Tompkins Financial Corp raised its stake in Microsoft by 17.9% during the 3rd quarter. Tompkins Financial Corp now owns 100,261 shares of the software giant’s stock valued at $7,469,000 after acquiring an additional 15,202 shares during the last quarter. 73.19% of the stock is owned by institutional investors and hedge funds.
MSFT has been the subject of several analyst reports. Stifel Nicolaus upped their price objective on Microsoft from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Tuesday, October 24th. KeyCorp reaffirmed a “buy” rating and set a $94.00 price objective on shares of Microsoft in a research note on Friday, October 27th. Barclays reaffirmed an “overweight” rating and set a $89.00 price objective (up from $82.00) on shares of Microsoft in a research note on Friday, October 27th. Credit Suisse Group reaffirmed a “buy” rating and set a $95.00 price objective on shares of Microsoft in a research note on Friday, October 27th. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $94.00 price objective (up from $86.00) on shares of Microsoft in a research note on Friday, October 27th. One research analyst has rated the stock with a sell rating, six have given a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $99.14.
Shares of Microsoft Co. (NASDAQ:MSFT) opened at $92.00 on Tuesday. The firm has a market capitalization of $708,380.00, a P/E ratio of 28.22, a P/E/G ratio of 2.13 and a beta of 1.06. The company has a quick ratio of 2.85, a current ratio of 2.89 and a debt-to-equity ratio of 1.01. Microsoft Co. has a fifty-two week low of $63.62 and a fifty-two week high of $96.07.
Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Wednesday, January 31st. The software giant reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.09. The business had revenue of $28.92 billion for the quarter, compared to analysts’ expectations of $28.42 billion. Microsoft had a return on equity of 35.41% and a net margin of 11.72%. The company’s revenue was up 11.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.83 EPS. analysts expect that Microsoft Co. will post 3.64 earnings per share for the current year.
The company 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 $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date of this dividend is Wednesday, February 14th. Microsoft’s dividend payout ratio is currently 51.53%.
In related news, insider Frank H. Brod sold 18,000 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $83.15, for a total value of $1,496,700.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.49% of the company’s stock.
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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.
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