Kessler Investment Group LLC Sells 700 Shares of Microsoft Co. (NASDAQ:MSFT)

Kessler Investment Group LLC lowered its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 3.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,303 shares of the software giant’s stock after selling 700 shares during the period. Microsoft accounts for approximately 3.5% of Kessler Investment Group LLC’s portfolio, making the stock its 10th largest holding. Kessler Investment Group LLC’s holdings in Microsoft were worth $3,360,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Schwarz Dygos Wheeler Investment Advisors LLC grew its position in Microsoft by 2.6% in the fourth quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 8,854 shares of the software giant’s stock worth $1,396,000 after acquiring an additional 223 shares in the last quarter. Pennsylvania Trust Co boosted its stake in shares of Microsoft by 1.7% in the 4th quarter. Pennsylvania Trust Co now owns 503,382 shares of the software giant’s stock valued at $79,383,000 after purchasing an additional 8,448 shares in the last quarter. Nachman Norwood & Parrott Inc boosted its stake in shares of Microsoft by 1.7% in the 4th quarter. Nachman Norwood & Parrott Inc now owns 52,917 shares of the software giant’s stock valued at $8,345,000 after purchasing an additional 910 shares in the last quarter. Moulton Wealth Management Inc. bought a new position in shares of Microsoft during the 4th quarter valued at $725,000. Finally, Mitchell Mcleod Pugh & Williams Inc. grew its holdings in shares of Microsoft by 0.9% during the 4th quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 29,263 shares of the software giant’s stock valued at $4,615,000 after purchasing an additional 265 shares during the last quarter. 71.78% of the stock is owned by hedge funds and other institutional investors.

NASDAQ MSFT traded up $1.75 during midday trading on Thursday, hitting $164.93. 9,753,786 shares of the company traded hands, compared to its average volume of 19,971,694. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.85 and a quick ratio of 2.81. The company has a market cap of $1,257.69 billion, a PE ratio of 34.72, a price-to-earnings-growth ratio of 2.54 and a beta of 1.23. Microsoft Co. has a 52 week low of $102.17 and a 52 week high of $163.94. The company’s 50-day simple moving average is $156.07 and its 200-day simple moving average is $143.58.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Wednesday, October 23rd. The software giant reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.14. The company had revenue of $33.06 billion for the quarter, compared to analyst estimates of $32.24 billion. Microsoft had a return on equity of 39.14% and a net margin of 31.66%. The firm’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.14 earnings per share. On average, research analysts predict that Microsoft Co. will post 5.36 earnings per share for the current year.

Microsoft declared that its Board of Directors has authorized a share buyback plan on Wednesday, September 18th that authorizes the company to repurchase $40.00 billion in outstanding shares. This repurchase authorization authorizes the software giant to repurchase up to 3.8% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Thursday, February 20th will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date of this dividend is Wednesday, February 19th. Microsoft’s dividend payout ratio is presently 42.95%.

In other Microsoft news, CMO Christopher C. Capossela sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $142.89, for a total value of $357,225.00. Following the completion of the transaction, the chief marketing officer now directly owns 133,944 shares of the company’s stock, valued at $19,139,258.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Jean Philippe Courtois sold 11,345 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $145.06, for a total value of $1,645,705.70. Following the completion of the sale, the executive vice president now owns 611,855 shares in the company, valued at approximately $88,755,686.30. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 66,919 shares of company stock valued at $9,817,790. Company insiders own 1.39% of the company’s stock.

Several research firms have issued reports on MSFT. Sanford C. Bernstein set a $174.00 price target on shares of Microsoft and gave the company a “buy” rating in a research report on Thursday, December 5th. Cowen restated an “outperform” rating and issued a $180.00 price objective (up previously from $165.00) on shares of Microsoft in a research report on Thursday, January 9th. Zacks Investment Research raised Microsoft from a “hold” rating to a “buy” rating and set a $147.00 price target for the company in a research note on Friday, October 25th. BMO Capital Markets increased their target price on Microsoft from $160.00 to $165.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Finally, DZ Bank reissued a “buy” rating on shares of Microsoft in a research note on Monday, January 6th. One investment analyst has rated the stock with a hold rating, thirty-one have given a buy rating and two have given a strong buy rating to the company’s stock. Microsoft has an average rating of “Buy” and a consensus target price of $165.97.

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, 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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