Beck Mack & Oliver LLC Sells 44,585 Shares of Microsoft Co. (MSFT)

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Beck Mack & Oliver LLC reduced its position in Microsoft Co. (NASDAQ:MSFT) by 3.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,282,628 shares of the software giant’s stock after selling 44,585 shares during the period. Microsoft makes up about 4.7% of Beck Mack & Oliver LLC’s investment portfolio, making the stock its 2nd biggest position. Beck Mack & Oliver LLC’s holdings in Microsoft were worth $146,694,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Woodard & Co. Asset Management Group Inc. ADV grew its position in Microsoft by 90.5% in the third quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 1,048 shares of the software giant’s stock worth $119,000 after acquiring an additional 498 shares in the last quarter. Peak Capital Management LLC purchased a new position in Microsoft in the second quarter worth about $107,000. Quattro Financial Advisors LLC purchased a new position in Microsoft in the third quarter worth about $132,000. WP Advisors LLC purchased a new position in Microsoft in the second quarter worth about $131,000. Finally, LFA Lugano Financial Advisors SA purchased a new position in Microsoft in the second quarter worth about $139,000. Hedge funds and other institutional investors own 73.81% of the company’s stock.

Several research firms recently commented on MSFT. Stifel Nicolaus reiterated a “buy” rating and issued a $120.00 price target on shares of Microsoft in a research report on Thursday, October 25th. Credit Suisse Group reiterated a “buy” rating and issued a $125.00 price target on shares of Microsoft in a research report on Monday, October 29th. Wedbush started coverage on Microsoft in a research report on Thursday, October 18th. They issued an “outperform” rating and a $140.00 price target for the company. Sanford C. Bernstein restated a “buy” rating and set a $137.00 target price on shares of Microsoft in a research report on Thursday, October 25th. Finally, Oppenheimer restated a “buy” rating and set a $127.00 target price on shares of Microsoft in a research report on Monday, October 29th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty-one have assigned a buy rating and two have given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $122.11.

Shares of NASDAQ:MSFT opened at $106.81 on Thursday. The company has a market capitalization of $823.03 billion, a P/E ratio of 27.53, a price-to-earnings-growth ratio of 1.94 and a beta of 1.17. Microsoft Co. has a 52 week low of $87.08 and a 52 week high of $116.18. The company has a quick ratio of 3.08, a current ratio of 3.12 and a debt-to-equity ratio of 0.82.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Wednesday, January 30th. The software giant reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.01. The company had revenue of $32.47 billion during the quarter, compared to the consensus estimate of $32.53 billion. Microsoft had a net margin of 28.31% and a return on equity of 39.52%. Microsoft’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.96 earnings per share. On average, sell-side analysts predict that Microsoft Co. will post 4.41 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 14th. Investors of record on Thursday, February 21st will be paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date of this dividend is Wednesday, February 20th. Microsoft’s dividend payout ratio (DPR) is 47.42%.

In other news, CEO Satya Nadella sold 267,466 shares of the company’s stock in a transaction on Wednesday, February 6th. The stock was sold at an average price of $106.01, for a total transaction of $28,354,070.66. Following the transaction, the chief executive officer now directly owns 1,746,854 shares of the company’s stock, valued at $185,183,992.54. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CMO Christopher C. Capossela sold 10,000 shares of the company’s stock in a transaction on Monday, December 3rd. The stock was sold at an average price of $111.77, for a total value of $1,117,700.00. Following the transaction, the chief marketing officer now directly owns 177,931 shares in the company, valued at $19,887,347.87. The disclosure for this sale can be found here. Insiders sold 285,466 shares of company stock valued at $30,325,771 in the last three months. 1.38% of the stock is currently owned by insiders.

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Microsoft Company Profile

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its company's Productivity and Business Processes segment offers Office 365 commercial products and services for businesses, such as Office, Exchange, SharePoint, Skype for Business, Microsoft Teams, and related Client Access Licenses (CALs); Office 365 consumer services, including Skype, Outlook.com, and OneDrive; LinkedIn online professional network; and Dynamics business solutions comprising financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and medium businesses, large organizations, and divisions of enterprises.

Further Reading: Straddles

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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