Fragasso Group Inc. trimmed its holdings in Microsoft Co. (NASDAQ:MSFT) by 4.8% during the third quarter, HoldingsChannel.com reports. The firm owned 38,136 shares of the software giant’s stock after selling 1,916 shares during the quarter. Microsoft comprises about 0.8% of Fragasso Group Inc.’s holdings, making the stock its 15th largest position. Fragasso Group Inc.’s holdings in Microsoft were worth $3,005,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the stock. Commonwealth Equity Services Inc raised its stake in Microsoft by 1.7% during the 3rd quarter. Commonwealth Equity Services Inc now owns 1,685,573 shares of the software giant’s stock worth $125,558,000 after buying an additional 28,437 shares during the period. Caldwell & Orkin Inc. raised its stake in Microsoft by 71.3% during the 3rd quarter. Caldwell & Orkin Inc. now owns 49,401 shares of the software giant’s stock worth $3,680,000 after buying an additional 20,557 shares during the period. Marble Harbor Investment Counsel LLC raised its stake in Microsoft by 3.8% during the 3rd quarter. Marble Harbor Investment Counsel LLC now owns 207,734 shares of the software giant’s stock worth $15,474,000 after buying an additional 7,660 shares during the period. Advisors Asset Management Inc. raised its stake in Microsoft by 2.5% during the 3rd quarter. Advisors Asset Management Inc. now owns 839,593 shares of the software giant’s stock worth $62,541,000 after buying an additional 20,243 shares during the period. Finally, Commerce Bank raised its stake in Microsoft by 0.4% during the 3rd quarter. Commerce Bank now owns 1,676,427 shares of the software giant’s stock worth $124,877,000 after buying an additional 7,364 shares during the period. 73.19% of the stock is currently owned by institutional investors and hedge funds.
In other Microsoft news, CMO Christopher C. Capossela sold 3,000 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $93.30, for a total transaction of $279,900.00. Following the completion of the transaction, the chief marketing officer now directly owns 178,278 shares of the company’s stock, valued at $16,633,337.40. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Frank H. Brod sold 18,000 shares of the stock in a transaction on Monday, December 4th. The shares were sold at an average price of $83.15, for a total value of $1,496,700.00. The disclosure for this sale can be found here. 1.49% of the stock is currently owned by corporate insiders.
Microsoft Co. (MSFT) opened at $92.72 on Wednesday. Microsoft Co. has a twelve month low of $63.62 and a twelve month high of $96.07. The firm has a market capitalization of $713,920.00, a price-to-earnings ratio of 28.44, a price-to-earnings-growth ratio of 2.13 and a beta of 1.06. The company has a current ratio of 2.89, a quick ratio of 2.85 and a debt-to-equity ratio of 1.01.
Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, January 31st. The software giant reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.09. Microsoft had a return on equity of 35.41% and a net margin of 11.72%. The business had revenue of $28.92 billion during the quarter, compared to analyst estimates of $28.42 billion. During the same period in the prior year, the company earned $0.83 earnings per share. Microsoft’s revenue was up 11.9% compared to the same quarter last year. equities research analysts predict that Microsoft Co. will post 3.64 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Thursday, February 15th will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 1.81%. The ex-dividend date is Wednesday, February 14th. Microsoft’s dividend payout ratio (DPR) is 51.53%.
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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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