Sumitomo Mitsui Asset Management Company LTD cut its holdings in Microsoft Co. (NASDAQ:MSFT) by 15.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 795,612 shares of the software giant’s stock after selling 147,187 shares during the period. Microsoft comprises about 1.0% of Sumitomo Mitsui Asset Management Company LTD’s holdings, making the stock its 20th largest position. Sumitomo Mitsui Asset Management Company LTD’s holdings in Microsoft were worth $68,056,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. Baldwin Brothers Inc. MA grew its holdings in shares of Microsoft by 1.6% during the fourth quarter. Baldwin Brothers Inc. MA now owns 199,069 shares of the software giant’s stock worth $17,028,000 after buying an additional 3,147 shares during the last quarter. Windsor Capital Management LLC grew its holdings in shares of Microsoft by 26.4% during the fourth quarter. Windsor Capital Management LLC now owns 5,402 shares of the software giant’s stock worth $462,000 after buying an additional 1,129 shares during the last quarter. Canal Capital Management LLC grew its holdings in shares of Microsoft by 13.4% during the fourth quarter. Canal Capital Management LLC now owns 19,176 shares of the software giant’s stock worth $1,640,000 after buying an additional 2,266 shares during the last quarter. JLB & Associates Inc. grew its holdings in shares of Microsoft by 5.2% during the fourth quarter. JLB & Associates Inc. now owns 160,515 shares of the software giant’s stock worth $13,730,000 after buying an additional 7,864 shares during the last quarter. Finally, Vantage Investment Advisors LLC grew its holdings in shares of Microsoft by 14.2% during the fourth quarter. Vantage Investment Advisors LLC now owns 15,833 shares of the software giant’s stock worth $1,354,000 after buying an additional 1,963 shares during the last quarter. Institutional investors own 73.84% of the company’s stock.
MSFT stock opened at $95.00 on Friday. Microsoft Co. has a 12-month low of $65.45 and a 12-month 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 company has a market cap of $740,027.13, a PE ratio of 28.70, a P/E/G ratio of 2.23 and a beta of 1.07.
Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Wednesday, January 31st. The software giant reported $0.96 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.09. Microsoft had a net margin of 11.72% and a return on equity of 35.41%. The company had revenue of $28.92 billion during the quarter, compared to the consensus estimate of $28.42 billion. During the same period last year, the firm earned $0.83 EPS. The company’s revenue for the quarter was up 11.9% on a year-over-year basis. analysts forecast that Microsoft Co. will post 3.63 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 14th. Investors of record on Thursday, May 17th will be given a dividend of $0.42 per share. The ex-dividend date is Wednesday, May 16th. This represents a $1.68 annualized dividend and a dividend yield of 1.77%. Microsoft’s dividend payout ratio is currently 50.76%.
In related news, CMO Christopher C. Capossela sold 3,000 shares of Microsoft stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $93.30, for a total transaction of $279,900.00. Following the completion of the transaction, the chief marketing officer now directly owns 178,278 shares in the company, valued at approximately $16,633,337.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Christopher C. Capossela sold 3,500 shares of Microsoft stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $93.00, for a total value of $325,500.00. Following the transaction, the executive vice president now owns 171,278 shares of the company’s stock, valued at $15,928,854. The disclosure for this sale can be found here. Insiders have sold a total of 10,000 shares of company stock valued at $930,900 over the last 90 days. Insiders own 1.49% of the company’s stock.
A number of equities analysts recently issued reports on MSFT shares. Barclays set a $95.00 price target on Microsoft and gave the stock an “overweight” rating in a report on Friday, January 12th. ValuEngine raised Microsoft from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Goldman Sachs set a $103.00 price target on Microsoft and gave the stock a “buy” rating in a report on Friday. Oppenheimer raised their price target on Microsoft to $115.00 and gave the stock an “outperform” rating in a report on Tuesday, January 9th. Finally, Credit Suisse Group reissued an “outperform” rating and set a $115.00 price target (up previously from $95.00) on shares of Microsoft in a report on Thursday, January 18th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and thirty-one have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $100.19.
Microsoft Company Profile
Microsoft Corporation develops, licenses, and supports software products, services, and devices worldwide. The company's Productivity and Business Processes segment offers Office 365 commercial products and services for businesses, including Office, Exchange, SharePoint, Skype for Business, and related Client Access Licenses (CALs); Office 365 consumer services, such as Skype, Outlook.com, and OneDrive; Dynamics business solutions, such as financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and mid-size businesses, large organizations, and divisions of enterprises; and LinkedIn online professional network.
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