Microsoft Co. (MSFT) Shares Sold by Associated Banc Corp

Associated Banc Corp lowered its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 0.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 718,156 shares of the software giant’s stock after selling 2,805 shares during the period. Microsoft comprises approximately 2.8% of Associated Banc Corp’s portfolio, making the stock its 4th largest position. Associated Banc Corp’s holdings in Microsoft were worth $44,626,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Sadoff Investment Management LLC purchased a new position in Microsoft during the third quarter worth $220,000. Bremer Trust National Association boosted its position in Microsoft by 1.2% in the third quarter. Bremer Trust National Association now owns 28,734 shares of the software giant’s stock worth $1,655,000 after buying an additional 329 shares during the period. First American Bank boosted its position in Microsoft by 4.6% in the third quarter. First American Bank now owns 149,188 shares of the software giant’s stock worth $8,594,000 after buying an additional 6,546 shares during the period. Independence Advisors LLC boosted its position in Microsoft by 151.9% in the third quarter. Independence Advisors LLC now owns 13,123 shares of the software giant’s stock worth $756,000 after buying an additional 7,913 shares during the period. Finally, Atalanta Sosnoff Capital LLC raised its stake in shares of Microsoft by 8.6% in the third quarter. Atalanta Sosnoff Capital LLC now owns 1,810,163 shares of the software giant’s stock worth $104,266,000 after buying an additional 142,742 shares in the last quarter. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

Shares of Microsoft Co. (NASDAQ:MSFT) traded up 1.4041% during trading on Friday, hitting $66.4197. The stock had a trading volume of 32,087,086 shares. Microsoft Co. has a 12-month low of $48.04 and a 12-month high of $66.70. The stock has a 50-day moving average of $65.06 and a 200 day moving average of $62.42. The firm has a market cap of $513.26 billion, a price-to-earnings ratio of 31.2563 and a beta of 1.08.

Microsoft (NASDAQ:MSFT) last issued its earnings results on Thursday, January 26th. The software giant reported $0.83 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.04. The business earned $26.07 billion during the quarter, compared to analysts’ expectations of $25.13 billion. Microsoft had a return on equity of 32.12% and a net margin of 19.57%. Microsoft’s revenue was up 1.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.78 earnings per share. On average, analysts predict that Microsoft Co. will post $2.97 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 8th. Stockholders of record on Thursday, May 18th will be given a $0.39 dividend. The ex-dividend date is Tuesday, May 16th. This represents a $1.56 annualized dividend and a dividend yield of 2.38%. Microsoft’s dividend payout ratio (DPR) is presently 73.59%.

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MSFT has been the subject of a number of recent analyst reports. Morgan Stanley reissued an “overweight” rating and set a $74.00 target price (up from $62.00) on shares of Microsoft in a research note on Friday, December 23rd. BGC Financial upped their price objective on shares of Microsoft to $65.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 25th. Barclays PLC set a $70.00 price target on shares of Microsoft and gave the company a “buy” rating in a research report on Friday, January 6th. Jefferies Group LLC increased their price target on shares of Microsoft from $43.00 to $45.00 and gave the company an “underperform” rating in a research report on Friday, January 27th. Finally, Zacks Investment Research lowered shares of Microsoft from a “buy” rating to a “hold” rating in a research report on Friday, January 13th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the stock. Microsoft has a consensus rating of “Buy” and a consensus price target of $67.28.

In other news, insider Frank H. Brod sold 7,500 shares of the firm’s stock in a transaction on Monday, January 30th. The stock was sold at an average price of $65.35, for a total value of $490,125.00. Following the completion of the sale, the insider now owns 114,008 shares of the company’s stock, valued at $7,450,422.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director William H. Gates III sold 2,000,000 shares of the firm’s stock in a transaction on Monday, January 30th. The stock was sold at an average price of $65.11, for a total value of $130,220,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,623,500 shares of company stock valued at $1,253,600,525. 2.99% of the stock is currently owned by insiders.

About Microsoft

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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