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BigSur Wealth Management LLC Reduces Holdings in Microsoft Co. (NASDAQ:MSFT)

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BigSur Wealth Management LLC decreased its position in shares of Microsoft Co. (NASDAQ:MSFT) by 10.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 9,606 shares of the software giant’s stock after selling 1,095 shares during the quarter. Microsoft makes up about 1.2% of BigSur Wealth Management LLC’s holdings, making the stock its 22nd largest position. BigSur Wealth Management LLC’s holdings in Microsoft were worth $2,708,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of MSFT. Yale University acquired a new stake in shares of Microsoft during the second quarter worth about $110,000. Lake Point Wealth Management acquired a new stake in shares of Microsoft during the second quarter worth about $162,000. Cutler Capital Management LLC acquired a new stake in shares of Microsoft during the second quarter worth about $163,000. Alpine Global Management LLC acquired a new stake in shares of Microsoft during the second quarter worth about $204,000. Finally, Harborview Advisors LLC acquired a new stake in shares of Microsoft during the second quarter worth about $206,000. 69.05% of the stock is currently owned by institutional investors.

MSFT stock opened at $342.45 on Tuesday. The stock has a market capitalization of $2.57 trillion, a P/E ratio of 38.31, a PEG ratio of 2.98 and a beta of 0.87. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.12 and a current ratio of 2.16. Microsoft Co. has a one year low of $211.94 and a one year high of $349.67. The company has a 50 day moving average price of $330.44 and a two-hundred day moving average price of $302.48.

Microsoft (NASDAQ:MSFT) last released its earnings results on Monday, October 25th. The software giant reported $2.27 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.08 by $0.19. The firm had revenue of $45.32 billion during the quarter, compared to analysts’ expectations of $44 billion. Microsoft had a net margin of 38.51% and a return on equity of 45.80%. Microsoft’s revenue for the quarter was up 22.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.82 EPS. Research analysts forecast that Microsoft Co. will post 9.13 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 10th. Shareholders of record on Thursday, February 17th will be paid a $0.62 dividend. The ex-dividend date is Wednesday, February 16th. This represents a $2.48 annualized dividend and a yield of 0.72%. Microsoft’s payout ratio is currently 27.74%.

Microsoft declared that its Board of Directors has authorized a share buyback plan on Tuesday, September 14th that authorizes the company to repurchase $60.00 billion in outstanding shares. This repurchase authorization authorizes the software giant to buy up to 2.7% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

A number of equities research analysts recently commented on MSFT shares. Fundamental Research raised their price objective on shares of Microsoft from $281.78 to $299.93 and gave the company a “hold” rating in a research report on Monday, November 22nd. Bank of America raised their price objective on shares of Microsoft from $340.00 to $365.00 and gave the company a “buy” rating in a research report on Wednesday, October 27th. Cowen raised their price objective on shares of Microsoft from $320.00 to $360.00 and gave the company an “outperform” rating in a research report on Wednesday, October 27th. UBS Group started coverage on shares of Microsoft in a research report on Tuesday, December 21st. They issued an “outperform” rating for the company. Finally, Morgan Stanley raised their price objective on shares of Microsoft from $331.00 to $364.00 and gave the company an “overweight” rating in a research report on Wednesday, October 27th. One investment analyst has rated the stock with a hold rating, thirty-three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $349.63.

In other Microsoft news, Director Teri List sold 1,650 shares of Microsoft stock in a transaction on Tuesday, December 7th. The shares were sold at an average price of $334.90, for a total value of $552,585.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Bradford L. Smith sold 55,000 shares of Microsoft stock in a transaction on Monday, November 1st. The shares were sold at an average price of $328.60, for a total transaction of $18,073,000.00. The disclosure for this sale can be found here. Insiders sold a total of 530,699 shares of company stock valued at $181,312,457 over the last ninety days. 0.05% of the stock is owned by corporate insiders.

Microsoft Profile

Microsoft Corp. engages in the development and support of software, services, devices, and solutions. It operates through the following business segments: Productivity and Business Processes; Intelligent Cloud; and More Personal Computing. The Productivity and Business Processes segment comprises products and services in the portfolio of productivity, communication, and information services of the company spanning a variety of devices and platform.

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