Sitrin Capital Management LLC Sells 15,228 Shares of Microsoft Co. (NASDAQ:MSFT)

Sitrin Capital Management LLC cut its holdings in Microsoft Co. (NASDAQ:MSFT) by 22.5% during the second quarter, Holdings Channel.com reports. The firm owned 52,421 shares of the software giant’s stock after selling 15,228 shares during the quarter. Microsoft accounts for about 3.7% of Sitrin Capital Management LLC’s portfolio, making the stock its 8th biggest position. Sitrin Capital Management LLC’s holdings in Microsoft were worth $7,022,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Highwater Wealth Management LLC bought a new position in shares of Microsoft in the fourth quarter valued at $27,000. Quantamental Technologies LLC bought a new position in shares of Microsoft in the fourth quarter valued at $26,000. Mackey Komara & Dankovich LLC bought a new position in shares of Microsoft in the fourth quarter valued at $30,000. Ayalon Holdings Ltd. bought a new position in shares of Microsoft in the fourth quarter valued at $41,000. Finally, Avondale Wealth Management grew its stake in shares of Microsoft by 50.5% in the fourth quarter. Avondale Wealth Management now owns 557 shares of the software giant’s stock valued at $57,000 after buying an additional 187 shares in the last quarter. Institutional investors own 72.12% of the company’s stock.

Several equities analysts recently weighed in on the stock. Macquarie raised their target price on shares of Microsoft from $150.00 to $160.00 and gave the company an “outperform” rating in a research note on Friday, July 19th. KeyCorp raised their target price on shares of Microsoft from $143.00 to $155.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Deutsche Bank set a $155.00 target price on shares of Microsoft and gave the company a “buy” rating in a research note on Wednesday, July 17th. Credit Suisse Group raised their target price on shares of Microsoft from $145.00 to $155.00 and gave the company an “outperform” rating in a research note on Friday, July 19th. Finally, Citigroup raised their target price on shares of Microsoft from $147.00 to $152.00 and gave the company a “neutral” rating in a research note on Friday, July 19th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-eight have given a buy rating and two have assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $149.21.

In other news, EVP Christopher C. Capossela sold 5,000 shares of the business’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $126.02, for a total value of $630,100.00. Following the completion of the sale, the executive vice president now owns 144,934 shares of the company’s stock, valued at $18,264,582.68. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Kathleen T. Hogan sold 15,947 shares of the business’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $133.17, for a total transaction of $2,123,661.99. Following the completion of the sale, the executive vice president now directly owns 202,518 shares of the company’s stock, valued at approximately $26,969,322.06. The disclosure for this sale can be found here. In the last three months, insiders sold 24,947 shares of company stock valued at $3,317,962. 1.38% of the stock is currently owned by company insiders.

MSFT stock traded down $1.16 during midday trading on Friday, reaching $136.90. 30,781,971 shares of the company were exchanged, compared to its average volume of 21,651,300. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.53 and a quick ratio of 2.50. The stock’s 50-day simple moving average is $136.94. Microsoft Co. has a one year low of $93.96 and a one year high of $141.68. The firm has a market capitalization of $1,044.21 billion, a price-to-earnings ratio of 28.82, a price-to-earnings-growth ratio of 2.38 and a beta of 1.23.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Thursday, July 18th. The software giant reported $1.37 EPS for the quarter, topping the Zacks’ consensus estimate of $1.21 by $0.16. Microsoft had a net margin of 31.18% and a return on equity of 39.26%. The firm had revenue of $33.72 billion during the quarter, compared to analysts’ expectations of $32.80 billion. During the same period in the previous year, the business posted $1.13 earnings per share. The company’s revenue for the quarter was up 12.1% compared to the same quarter last year. On average, research analysts expect that Microsoft Co. will post 5.21 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 15th will be given a $0.46 dividend. The ex-dividend date is Wednesday, August 14th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.34%. Microsoft’s payout ratio is presently 38.74%.

About Microsoft

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, 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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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