Banco Santander cuts stakes in Microsoft

Santander

(TIcker Report) – Banco Santander S.A. trimmed its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 34.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission.

The institutional investor owned 318,974 shares of the software giant’s stock after selling 165,323 shares during the period. Microsoft comprises 0.9% of Banco Santander S.A.’s investment portfolio, making the stock its 8th biggest holding. Banco Santander S.A.’s holdings in Microsoft were worth $67,090,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Tatro Capital LLC grew its stake in shares of Microsoft by 3.3% in the 3rd quarter. Tatro Capital LLC now owns 1,413 shares of the software giant’s stock worth $297,000 after purchasing an additional 45 shares during the last quarter. Greylin Investment Mangement Inc. raised its stake in Microsoft by 3.2% during the 2nd quarter. Greylin Investment Mangement Inc. now owns 1,625 shares of the software giant’s stock valued at $331,000 after purchasing an additional 50 shares during the period.

Hunter Perkins Capital Management LLC boosted its position in Microsoft by 1.9% during the 3rd quarter. Hunter Perkins Capital Management LLC now owns 2,690 shares of the software giant’s stock worth $566,000 after acquiring an additional 50 shares during the period. Northwest Wealth Management LLC boosted its holdings in shares of Microsoft by 1.2% during the third quarter. Northwest Wealth Management LLC now owns 4,154 shares of the software giant’s stock worth $874,000 after purchasing an additional 50 shares during the period. Finally, Lipe & Dalton grew its stake in Microsoft by 0.6% in the third quarter. Lipe & Dalton now owns 8,578 shares of the software giant’s stock valued at $1,804,000 after purchasing an additional 50 shares in the last quarter. 69.93% of the stock is currently owned by institutional investors and hedge funds.

In other Microsoft news, CFO Amy Hood sold 80,000 shares of the company’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $218.14, for a total transaction of $17,451,200.00. Following the transaction, the chief financial officer now owns 452,720 shares in the company, valued at approximately $98,756,340.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO Christopher C. Capossela sold 23,000 shares of the firm’s stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $210.70, for a total transaction of $4,846,100.00. Following the sale, the chief marketing officer now directly owns 122,943 shares in the company, valued at approximately $25,904,090.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 407,542 shares of company stock worth $90,075,313. Insiders own 0.05% of the company’s stock.

Shares of MSFT opened at $214.07 on Tuesday. Microsoft Co. has a 52 week low of $132.52 and a 52 week high of $232.86. The company has a quick ratio of 2.49, a current ratio of 2.53 and a debt-to-equity ratio of 0.46. The stock has a market cap of $1,618.48 billion, a P/E ratio of 34.58, a P/E/G ratio of 2.58 and a beta of 0.87. The business’s 50 day moving average price is $214.38 and its 200-day moving average price is $205.81.
Microsoft (NASDAQ:MSFT) last released its earnings results on Tuesday, October 27th. The software giant reported $1.82 EPS for the quarter, topping analysts’ consensus estimates of $1.53 by $0.29. Microsoft had a return on equity of 40.74% and a net margin of 32.28%. The firm had revenue of $37.15 billion for the quarter, compared to analysts’ expectations of $35.67 billion. On average, equities analysts anticipate that Microsoft Co. will post 6.74 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Thursday, November 19th will be issued a $0.56 dividend. The ex-dividend date of this dividend is Wednesday, November 18th. This is a boost from Microsoft’s previous quarterly dividend of $0.51. This represents a $2.24 annualized dividend and a yield of 1.05%. Microsoft’s payout ratio is 38.89%.

MSFT has been the topic of a number of research analyst reports. Jefferies Financial Group set a $260.00 target price on shares of Microsoft and gave the company a “buy” rating in a research note on Wednesday, October 28th. BMO Capital Markets boosted their price target on shares of Microsoft from $235.00 to $245.00 and gave the company an “outperform” rating in a research report on Monday, October 26th. KeyCorp began coverage on shares of Microsoft in a research report on Monday, November 23rd. They issued an “overweight” rating and a $250.00 price objective for the company. Morgan Stanley lifted their price target on shares of Microsoft from $245.00 to $249.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 28th. Finally, Barclays reissued a “buy” rating and set a $250.00 price objective on shares of Microsoft in a research note on Wednesday, October 28th. Three research analysts have rated the stock with a hold rating, thirty have given a buy rating and two have issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $231.09.

About Microsoft

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, as well as related Client Access Licenses (CAL); Skype, Outlook.com, and OneDrive; LinkedIn that includes Talent, Learning, Sales, and Marketing solutions, as well as premium subscriptions; and Dynamics 365, a set of cloud-based and on-premises business solutions for small and medium businesses, large organizations, and divisions of enterprises.

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