Lincoln National Corp Sells 185 Shares of Microsoft Co. (NASDAQ:MSFT)

Lincoln National Corp lessened its position in Microsoft Co. (NASDAQ:MSFT) by 0.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 146,502 shares of the software giant’s stock after selling 185 shares during the quarter. Microsoft makes up about 0.9% of Lincoln National Corp’s portfolio, making the stock its 23rd biggest position. Lincoln National Corp’s holdings in Microsoft were worth $39,687,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Danda Trouve Investment Management Inc. boosted its stake in Microsoft by 63.8% in the 2nd quarter. Danda Trouve Investment Management Inc. now owns 131 shares of the software giant’s stock valued at $35,000 after purchasing an additional 51 shares during the period. Litman Gregory Asset Management LLC lifted its position in shares of Microsoft by 2,000.0% during the 2nd quarter. Litman Gregory Asset Management LLC now owns 924 shares of the software giant’s stock valued at $92,000 after acquiring an additional 880 shares during the period. Paradigm Strategies in Wealth Management LLC lifted its position in shares of Microsoft by 24.7% during the 2nd quarter. Paradigm Strategies in Wealth Management LLC now owns 353 shares of the software giant’s stock worth $96,000 after buying an additional 70 shares during the last quarter. Strategic Point Investment Advisors LLC bought a new stake in shares of Microsoft during the 2nd quarter worth $109,000. Finally, Yale University bought a new stake in shares of Microsoft during the 2nd quarter worth $110,000. 69.17% of the stock is currently owned by institutional investors and hedge funds.

MSFT stock opened at $296.31 on Thursday. Microsoft Co. has a twelve month low of $199.62 and a twelve month high of $305.84. The company has a quick ratio of 2.05, a current ratio of 2.08 and a debt-to-equity ratio of 0.35. The stock’s 50 day moving average is $295.58 and its 200-day moving average is $272.97. The firm has a market capitalization of $2.23 trillion, a PE ratio of 36.81, a P/E/G ratio of 3.10 and a beta of 0.78.

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

Microsoft announced that its board has initiated a share buyback program on Tuesday, September 14th that permits the company to repurchase $60.00 billion in shares. This repurchase authorization permits the software giant to purchase up to 2.7% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 9th. Stockholders of record on Thursday, November 18th will be issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date of this dividend is Wednesday, November 17th. This is a positive change from Microsoft’s previous quarterly dividend of $0.56. Microsoft’s dividend payout ratio (DPR) is currently 28.11%.

In related news, CEO Satya Nadella sold 75,573 shares of the stock in a transaction that occurred on Wednesday, September 1st. The stock was sold at an average price of $303.28, for a total transaction of $22,919,779.44. Following the completion of the sale, the chief executive officer now directly owns 1,632,350 shares of the company’s stock, valued at $495,059,108. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Amy Hood sold 60,000 shares of the stock in a transaction that occurred on Wednesday, September 1st. The shares were sold at an average price of $303.08, for a total value of $18,184,800.00. The disclosure for this sale can be found here. Insiders sold 165,573 shares of company stock worth $50,066,379 in the last 90 days. Corporate insiders own 0.05% of the company’s stock.

MSFT has been the subject of several recent analyst reports. Wedbush upped their price objective on Microsoft from $325.00 to $350.00 and gave the stock an “outperform” rating in a research report on Friday, August 20th. Tigress Financial reissued a “buy” rating and issued a $366.00 price target (up previously from $303.00) on shares of Microsoft in a research note on Friday, September 17th. Mizuho reissued a “buy” rating and issued a $350.00 price target (up previously from $325.00) on shares of Microsoft in a research note on Friday, August 20th. Zacks Investment Research raised Microsoft from a “hold” rating to a “buy” rating and set a $329.00 price target for the company in a research note on Thursday, July 29th. Finally, The Goldman Sachs Group set a $340.00 price target on Microsoft in a research note on Wednesday, July 28th. One investment analyst has rated the stock with a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $324.84.

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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