Portland Global Advisors LLC lowered its stake in shares of Microsoft Corp. (NASDAQ:MSFT) by 0.5% during the third quarter, Holdings Channel reports. The institutional investor owned 53,501 shares of the software giant’s stock after selling 255 shares during the period. Microsoft Corp. makes up about 1.4% of Portland Global Advisors LLC’s investment portfolio, making the stock its 10th largest position. Portland Global Advisors LLC’s holdings in Microsoft Corp. were worth $3,082,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the stock. Invictus RG bought a new stake in shares of Microsoft Corp. during the first quarter valued at about $107,000. Riggs Asset Managment Co. Inc. boosted its stake in shares of Microsoft Corp. by 6.6% in the second quarter. Riggs Asset Managment Co. Inc. now owns 2,375 shares of the software giant’s stock worth $122,000 after buying an additional 147 shares during the period. Roble Belko & Company Inc boosted its stake in shares of Microsoft Corp. by 9.0% in the second quarter. Roble Belko & Company Inc now owns 2,535 shares of the software giant’s stock worth $130,000 after buying an additional 210 shares during the period. Peddock Capital Advisors LLC acquired a new stake in shares of Microsoft Corp. during the third quarter worth $130,000. Finally, Northstar Group Inc. boosted its stake in shares of Microsoft Corp. by 0.4% in the second quarter. Northstar Group Inc. now owns 3,953 shares of the software giant’s stock worth $202,000 after buying an additional 14 shares during the period. 70.87% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Microsoft Corp. (NASDAQ:MSFT)

Microsoft Corp. (NASDAQ:MSFT) traded down 1.36% during trading on Wednesday, hitting $60.26. 34,655,208 shares of the stock were exchanged. The stock has a market capitalization of $468.54 billion, a price-to-earnings ratio of 28.86 and a beta of 1.16. The firm has a 50-day moving average of $59.30 and a 200-day moving average of $55.89. Microsoft Corp. has a 52 week low of $48.03 and a 52 week high of $61.37.

Microsoft Corp. (NASDAQ:MSFT) last posted its quarterly earnings results on Thursday, October 20th. The software giant reported $0.76 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.08. Microsoft Corp. had a net margin of 19.40% and a return on equity of 30.92%. The firm had revenue of $22.30 billion for the quarter, compared to analyst estimates of $21.71 billion. During the same period in the prior year, the firm posted $0.67 earnings per share. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. Equities research analysts anticipate that Microsoft Corp. will post $2.97 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 8th. Shareholders of record on Thursday, November 17th will be given a dividend of $0.39 per share. This is a positive change from Microsoft Corp.’s previous quarterly dividend of $0.36. This represents a $1.56 annualized dividend and a yield of 2.59%. The ex-dividend date of this dividend is Tuesday, November 15th. Microsoft Corp.’s dividend payout ratio is 75.00%.

COPYRIGHT VIOLATION WARNING: This article was reported by Financial Market News and is the sole property of of Financial Market News. If you are viewing this article on another domain, it was copied illegally and reposted in violation of US and international trademark and copyright law. The correct version of this article can be viewed at http://www.financial-market-news.com/microsoft-corp-msft-shares-sold-by-portland-global-advisors-llc/1211236/.

A number of analysts recently weighed in on the stock. RBC Capital Markets set a $65.00 price target on shares of Microsoft Corp. and gave the stock a “buy” rating in a research report on Friday, October 21st. Vetr raised shares of Microsoft Corp. from a “hold” rating to a “buy” rating and set a $63.17 price target for the company in a research report on Wednesday, October 26th. Bank of America Corp. reaffirmed a “buy” rating and set a $68.00 price target (up from $65.00) on shares of Microsoft Corp. in a research report on Sunday, October 23rd. BMO Capital Markets upped their price target on shares of Microsoft Corp. from $62.00 to $69.00 and gave the stock an “outperform” rating in a research report on Friday, October 21st. Finally, Macquarie set a $60.00 price target on shares of Microsoft Corp. and gave the stock a “neutral” rating in a research report on Friday, October 21st. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and twenty-four have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $62.26.

In other Microsoft Corp. news, Director William H. Gates III sold 2,000,000 shares of the company’s stock in a transaction on Wednesday, October 26th. The shares were sold at an average price of $60.78, for a total value of $121,560,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Frank H. Brod sold 5,000 shares of the company’s stock in a transaction on Thursday, October 27th. The shares were sold at an average price of $60.53, for a total transaction of $302,650.00. Following the completion of the transaction, the insider now owns 121,508 shares in the company, valued at $7,354,879.24. The disclosure for this sale can be found here. Company insiders own 2.99% of the company’s stock.

About Microsoft Corp.

Microsoft Corporation is a technology company. The Company develops, licenses and supports a range of software products, services and devices. Its segments are Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. Its 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.

5 Day Chart for NASDAQ:MSFT

Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Corp. (NASDAQ:MSFT).

Receive News & Ratings for Microsoft Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft Corp. and related companies with MarketBeat.com's FREE daily email newsletter.