Needelman Asset Management Inc. trimmed its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 11.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 18,385 shares of the software giant’s stock after selling 2,305 shares during the quarter. Microsoft accounts for about 3.9% of Needelman Asset Management Inc.’s holdings, making the stock its 3rd largest position. Needelman Asset Management Inc.’s holdings in Microsoft were worth $1,573,000 as of its most recent filing with the SEC.
Several other large investors also recently added to or reduced their stakes in MSFT. Capital Research Global Investors increased its stake in Microsoft by 212.3% in the 2nd quarter. Capital Research Global Investors now owns 69,663,044 shares of the software giant’s stock worth $4,801,874,000 after acquiring an additional 47,353,245 shares during the last quarter. Janus Henderson Group PLC increased its stake in Microsoft by 609.4% in the 2nd quarter. Janus Henderson Group PLC now owns 49,174,883 shares of the software giant’s stock worth $3,389,625,000 after acquiring an additional 42,243,011 shares during the last quarter. Vanguard Group Inc. increased its stake in Microsoft by 4.6% in the 2nd quarter. Vanguard Group Inc. now owns 564,052,011 shares of the software giant’s stock worth $38,880,105,000 after acquiring an additional 25,053,413 shares during the last quarter. Tiger Global Management LLC increased its stake in Microsoft by 395.2% in the 2nd quarter. Tiger Global Management LLC now owns 10,487,500 shares of the software giant’s stock worth $722,903,000 after acquiring an additional 8,369,500 shares during the last quarter. Finally, Polen Capital Management LLC bought a new position in Microsoft in the 3rd quarter worth about $527,480,000. Institutional investors own 73.81% of the company’s stock.
In other Microsoft news, EVP Christopher C. Capossela sold 3,500 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $93.00, for a total value of $325,500.00. Following the completion of the sale, the executive vice president now owns 174,778 shares in the company, valued at approximately $16,254,354. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CMO Christopher C. Capossela sold 3,000 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $93.30, for a total value of $279,900.00. Following the completion of the sale, the chief marketing officer now owns 178,278 shares of the company’s stock, valued at approximately $16,633,337.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,000 shares of company stock valued at $930,900. Company insiders own 1.49% of the company’s stock.
Shares of Microsoft Co. (NASDAQ MSFT) opened at $92.89 on Tuesday. Microsoft Co. has a fifty-two week low of $64.12 and a fifty-two week high of $97.24. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.89 and a quick ratio of 2.85. The firm has a market capitalization of $728,400.38, a P/E ratio of 26.95, a price-to-earnings-growth ratio of 2.18 and a beta of 1.04.
Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Wednesday, January 31st. The software giant reported $0.96 earnings per share for the quarter, topping 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 analysts’ expectations of $28.42 billion. During the same quarter last year, the business posted $0.83 EPS. The business’s revenue was up 11.9% on a year-over-year basis. sell-side analysts forecast that Microsoft Co. will post 3.65 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 14th. Shareholders of record on Thursday, May 17th will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 1.81%. The ex-dividend date is Wednesday, May 16th. Microsoft’s dividend payout ratio (DPR) is currently 115.07%.
A number of brokerages have weighed in on MSFT. Vetr upgraded Microsoft from a “hold” rating to a “buy” rating and set a $100.04 target price on the stock in a research note on Tuesday, March 13th. Deutsche Bank set a $120.00 target price on Microsoft and gave the stock a “buy” rating in a research note on Monday, March 12th. Zacks Investment Research cut Microsoft from a “buy” rating to a “hold” rating in a report on Tuesday, March 6th. Tigress Financial reiterated a “buy” rating on shares of Microsoft in a report on Wednesday, February 14th. Finally, Argus upped their price objective on Microsoft from $95.00 to $107.00 and gave the stock a “buy” rating in a report on Tuesday, February 6th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirty-one have given a buy rating to the stock. Microsoft currently has a consensus rating of “Buy” and a consensus target price of $99.41.
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Microsoft Company Profile
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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