Altman Advisors Inc. reduced its stake in Microsoft Co. (NASDAQ:MSFT) by 7.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,323 shares of the software giant’s stock after selling 1,577 shares during the period. Microsoft makes up about 2.4% of Altman Advisors Inc.’s holdings, making the stock its 8th largest holding. Altman Advisors Inc.’s holdings in Microsoft were worth $2,826,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors also recently bought and sold shares of MSFT. Vanguard Group Inc. raised its position in shares of Microsoft by 1.3% in the second quarter. Vanguard Group Inc. now owns 613,005,516 shares of the software giant’s stock worth $82,118,218,000 after buying an additional 7,724,483 shares in the last quarter. Northern Trust Corp raised its position in shares of Microsoft by 0.4% in the second quarter. Northern Trust Corp now owns 96,567,563 shares of the software giant’s stock worth $12,936,190,000 after buying an additional 385,074 shares in the last quarter. Nuveen Asset Management LLC raised its position in shares of Microsoft by 2,651.8% in the second quarter. Nuveen Asset Management LLC now owns 67,353,275 shares of the software giant’s stock worth $9,022,645,000 after buying an additional 64,905,685 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of Microsoft by 0.7% in the second quarter. Janus Henderson Group PLC now owns 52,986,086 shares of the software giant’s stock worth $7,097,675,000 after buying an additional 342,648 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Microsoft by 2.3% in the second quarter. Charles Schwab Investment Management Inc. now owns 34,368,268 shares of the software giant’s stock worth $4,603,974,000 after buying an additional 782,124 shares in the last quarter. 72.16% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages recently issued reports on MSFT. Royal Bank of Canada reiterated a “buy” rating and issued a $153.00 price objective on shares of Microsoft in a research report on Wednesday, July 24th. Macquarie increased their price objective on Microsoft from $150.00 to $160.00 and gave the stock an “outperform” rating in a research report on Friday, July 19th. Credit Suisse Group set a $155.00 price objective on Microsoft and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Jefferies Financial Group upgraded Microsoft from a “hold” rating to a “buy” rating and set a $160.00 price objective on the stock in a research report on Monday, October 7th. Finally, DZ Bank reiterated a “buy” rating on shares of Microsoft in a research report on Friday, July 19th. Three equities research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $151.52.
NASDAQ MSFT opened at $139.68 on Friday. The stock’s 50-day simple moving average is $137.45 and its two-hundred day simple moving average is $132.03. Microsoft Co. has a twelve month low of $93.96 and a twelve month high of $142.37. The company has a quick ratio of 2.50, a current ratio of 2.53 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $1,066.51 billion, a price-to-earnings ratio of 29.41, a PEG ratio of 2.35 and a beta of 1.22.
Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Thursday, July 18th. The software giant reported $1.37 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.21 by $0.16. The firm had revenue of $33.72 billion for the quarter, compared to the consensus estimate of $32.80 billion. Microsoft had a return on equity of 39.26% and a net margin of 31.18%. The company’s quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.13 earnings per share. On average, equities analysts expect that Microsoft Co. will post 5.24 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be issued a $0.51 dividend. The ex-dividend date is Wednesday, November 20th. This represents a $2.04 annualized dividend and a dividend yield of 1.46%. This is an increase from Microsoft’s previous quarterly dividend of $0.46. Microsoft’s payout ratio is currently 38.74%.
Microsoft declared that its board has approved a stock buyback program on Wednesday, September 18th that authorizes the company to repurchase $40.00 billion in outstanding shares. This repurchase authorization authorizes the software giant to buy up to 3.8% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.
In other news, insider Frank H. Brod sold 4,000 shares of Microsoft stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $141.05, for a total value of $564,200.00. Following the transaction, the insider now owns 64,152 shares in the company, valued at $9,048,639.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CMO Christopher C. Capossela sold 3,372 shares of Microsoft stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $138.06, for a total value of $465,538.32. Following the completion of the transaction, the chief marketing officer now owns 136,623 shares in the company, valued at approximately $18,862,171.38. The disclosure for this sale can be found here. In the last quarter, insiders sold 318,757 shares of company stock worth $43,735,918. Company insiders own 1.38% of the company’s stock.
Microsoft Company Profile
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its company's Productivity and Business Processes segment offers Office 365 commercial products and services, such as Office, Exchange, SharePoint, Skype for Business, Microsoft Teams, and related Client Access Licenses (CALs); Office 365 consumer services, including Skype, Outlook.com, and OneDrive; LinkedIn online professional network; and Dynamics business solutions comprising financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and medium businesses, large organizations, and divisions of enterprises.
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