Smithbridge Asset Management Inc. DE decreased its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 1.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,974 shares of the software giant’s stock after selling 895 shares during the period. Microsoft accounts for approximately 3.6% of Smithbridge Asset Management Inc. DE’s holdings, making the stock its 3rd biggest holding. Smithbridge Asset Management Inc. DE’s holdings in Microsoft were worth $5,944,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of MSFT. Summit Trail Advisors LLC lifted its position in Microsoft by 5,931.9% during the 1st quarter. Summit Trail Advisors LLC now owns 4,562,204 shares of the software giant’s stock worth $4,562,000 after buying an additional 4,486,569 shares in the last quarter. Royal London Asset Management Ltd. bought a new stake in Microsoft during the 2nd quarter worth about $406,699,000. Polen Capital Management LLC raised its holdings in Microsoft by 52.3% during the 1st quarter. Polen Capital Management LLC now owns 11,012,266 shares of the software giant’s stock worth $1,005,090,000 after purchasing an additional 3,781,879 shares during the last quarter. Cornerstone Wealth Management LLC raised its holdings in Microsoft by 10,330.4% during the 2nd quarter. Cornerstone Wealth Management LLC now owns 3,661,393 shares of the software giant’s stock worth $36,609,000 after purchasing an additional 3,626,290 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its holdings in Microsoft by 12.0% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 31,168,526 shares of the software giant’s stock worth $3,073,529,000 after purchasing an additional 3,328,581 shares during the last quarter. Institutional investors and hedge funds own 71.67% of the company’s stock.
In related news, EVP Christopher C. Capossela sold 4,000 shares of the stock in a transaction that occurred on Monday, December 10th. The stock was sold at an average price of $105.50, for a total transaction of $422,000.00. Following the completion of the sale, the executive vice president now directly owns 169,931 shares of the company’s stock, valued at approximately $17,927,720.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CMO Christopher C. Capossela sold 10,000 shares of the stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $111.77, for a total value of $1,117,700.00. Following the sale, the chief marketing officer now directly owns 177,931 shares of the company’s stock, valued at $19,887,347.87. The disclosure for this sale can be found here. Over the last three months, insiders have sold 279,918 shares of company stock valued at $30,102,412. 1.38% of the stock is owned by company insiders.
Shares of MSFT stock opened at $98.23 on Friday. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.92 and a quick ratio of 2.85. The stock has a market capitalization of $798.39 billion, a PE ratio of 25.32, a P/E/G ratio of 1.88 and a beta of 1.25. Microsoft Co. has a one year low of $83.83 and a one year high of $116.18.
Microsoft (NASDAQ:MSFT) last posted its earnings results on Wednesday, October 24th. The software giant reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.18. Microsoft had a return on equity of 39.86% and a net margin of 16.38%. The business had revenue of $29.08 billion during the quarter, compared to analysts’ expectations of $27.92 billion. During the same period in the prior year, the business earned $0.84 EPS. Microsoft’s revenue for the quarter was up 18.5% compared to the same quarter last year. As a group, sell-side analysts expect that Microsoft Co. will post 4.43 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 14th. Investors of record on Thursday, February 21st will be paid a dividend of $0.46 per share. The ex-dividend date is Wednesday, February 20th. This represents a $1.84 dividend on an annualized basis and a yield of 1.87%. Microsoft’s payout ratio is 47.42%.
Several brokerages have weighed in on MSFT. Credit Suisse Group reissued a “buy” rating and set a $125.00 price objective on shares of Microsoft in a report on Monday, September 10th. Royal Bank of Canada set a $124.00 price objective on Microsoft and gave the stock a “buy” rating in a report on Wednesday, September 26th. Morgan Stanley reissued a “buy” rating and set a $130.00 price objective on shares of Microsoft in a report on Tuesday, August 28th. Zacks Investment Research cut Microsoft from a “buy” rating to a “hold” rating in a report on Wednesday, September 19th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $120.00 price objective on shares of Microsoft in a report on Thursday, October 25th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty-three have given a buy rating and two have assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $121.88.
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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 for businesses, 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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