Rothschild Investment Corp IL Sells 1,285 Shares of Microsoft Co. (NASDAQ:MSFT)
Rothschild Investment Corp IL cut its stake in Microsoft Co. (NASDAQ:MSFT) by 0.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 148,924 shares of the software giant’s stock after selling 1,285 shares during the period. Microsoft accounts for approximately 1.3% of Rothschild Investment Corp IL’s portfolio, making the stock its 15th largest position. Rothschild Investment Corp IL’s holdings in Microsoft were worth $11,093,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently modified their holdings of MSFT. Acrospire Investment Management LLC grew its position in Microsoft by 300.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,600 shares of the software giant’s stock worth $110,000 after purchasing an additional 1,200 shares during the period. Hefty Wealth Partners grew its position in shares of Microsoft by 65.6% during the 2nd quarter. Hefty Wealth Partners now owns 1,648 shares of the software giant’s stock valued at $113,000 after acquiring an additional 653 shares during the period. Stelac Advisory Services LLC grew its position in shares of Microsoft by 23.5% during the 2nd quarter. Stelac Advisory Services LLC now owns 2,033 shares of the software giant’s stock valued at $140,000 after acquiring an additional 387 shares during the period. Pacific Center for Financial Services grew its position in shares of Microsoft by 3.0% during the 2nd quarter. Pacific Center for Financial Services now owns 2,572 shares of the software giant’s stock valued at $177,000 after acquiring an additional 75 shares during the period. Finally, AlphaMark Advisors LLC grew its position in shares of Microsoft by 1.1% during the 2nd quarter. AlphaMark Advisors LLC now owns 2,677 shares of the software giant’s stock valued at $185,000 after acquiring an additional 30 shares during the period. Institutional investors and hedge funds own 73.26% of the company’s stock.
Shares of Microsoft Co. (NASDAQ MSFT) traded down $0.14 during mid-day trading on Monday, reaching $93.92. 30,409,620 shares of the company’s stock were exchanged, compared to its average volume of 23,540,000. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.12 and a quick ratio of 3.06. The company has a market cap of $724,550.00, a P/E ratio of 31.73, a P/E/G ratio of 2.21 and a beta of 0.99. Microsoft Co. has a twelve month low of $62.75 and a twelve month high of $95.45.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Thursday, February 15th will be paid a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $1.68 dividend on an annualized basis and a yield of 1.79%. Microsoft’s dividend payout ratio is currently 56.76%.
In other news, insider Frank H. Brod sold 15,000 shares of the stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $84.08, for a total transaction of $1,261,200.00. Following the transaction, the insider now directly owns 116,205 shares in the company, valued at $9,770,516.40. The transaction was disclosed in a legal 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 that occurred on Monday, December 4th. The shares were sold at an average price of $83.15, for a total transaction of $1,496,700.00. The disclosure for this sale can be found here. Insiders sold a total of 45,000 shares of company stock worth $3,759,420 over the last 90 days. Insiders own 1.49% of the company’s stock.
A number of brokerages have recently issued reports on MSFT. Zacks Investment Research downgraded shares of Microsoft from a “buy” rating to a “hold” rating in a research report on Tuesday, January 23rd. KeyCorp reissued a “buy” rating and set a $106.00 price objective on shares of Microsoft in a research report on Sunday. Barclays reaffirmed a “buy” rating and issued a $100.00 target price (up previously from $95.00) on shares of Microsoft in a report on Thursday. Stifel Nicolaus upped their target price on shares of Microsoft from $90.00 to $92.00 and gave the stock a “buy” rating in a report on Tuesday, January 23rd. Finally, Royal Bank of Canada set a $100.00 target price on shares of Microsoft and gave the stock a “buy” rating in a report on Monday, January 22nd. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-nine have issued a buy rating to the company. Microsoft presently has a consensus rating of “Buy” and an average price target of $91.57.
COPYRIGHT VIOLATION WARNING: “Rothschild Investment Corp IL Sells 1,285 Shares of Microsoft Co. (NASDAQ:MSFT)” was originally reported by Marea Informative and is the property of of Marea Informative. If you are reading this piece of content on another website, it was copied illegally and republished in violation of U.S. & international copyright and trademark law. The original version of this piece of content can be viewed at https://www.mareainformativa.com/2018/01/29/microsoft-co-msft-shares-sold-by-rothschild-investment-corp-il-updated-updated-updated.html.
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.
Receive News & Ratings for Microsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft and related companies with MarketBeat.com's FREE daily email newsletter.