Shell Asset Management Co. lifted its position in Microsoft Co. (NASDAQ:MSFT) by 43.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,616,345 shares of the software giant’s stock after acquiring an additional 491,918 shares during the period. Microsoft accounts for about 1.3% of Shell Asset Management Co.’s investment portfolio, making the stock its 4th largest holding. Shell Asset Management Co.’s holdings in Microsoft were worth $74,934,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in MSFT. Acrospire Investment Management LLC raised its holdings in Microsoft by 300.0% during the second quarter. Acrospire Investment Management LLC now owns 1,600 shares of the software giant’s stock valued at $110,000 after acquiring an additional 1,200 shares during the period. Hefty Wealth Partners increased its holdings in shares of Microsoft by 65.6% in the second quarter. Hefty Wealth Partners now owns 1,648 shares of the software giant’s stock worth $113,000 after purchasing an additional 653 shares during the last quarter. Stelac Advisory Services LLC increased its holdings in shares of Microsoft by 23.5% in the second quarter. Stelac Advisory Services LLC now owns 2,033 shares of the software giant’s stock worth $140,000 after purchasing an additional 387 shares during the last quarter. Opera Trading Capital grew its position in Microsoft by 1,522.0% in the second quarter. Opera Trading Capital now owns 2,433 shares of the software giant’s stock worth $168,000 after acquiring an additional 2,283 shares in the last quarter. Finally, Pacific Center for Financial Services boosted its position in shares of Microsoft by 3.0% during the second quarter. Pacific Center for Financial Services now owns 2,572 shares of the software giant’s stock valued at $177,000 after buying an additional 75 shares during the period. 73.16% of the stock is owned by hedge funds and other institutional investors.
A number of analysts recently issued reports on MSFT shares. Canaccord Genuity reiterated a “hold” rating and issued a $76.00 price target on shares of Microsoft in a report on Friday, September 15th. Royal Bank of Canada set a $77.00 price objective on shares of Microsoft and gave the stock a “buy” rating in a research note on Monday, September 18th. Stifel Nicolaus reaffirmed a “buy” rating and set a $80.00 price target on shares of Microsoft in a research report on Monday, September 18th. Oppenheimer set a $80.00 price target on Microsoft and gave the stock a “buy” rating in a research report on Monday, September 25th. Finally, ValuEngine downgraded Microsoft from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Two analysts have rated the stock with a sell rating, nine have given a hold rating and thirty-one have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $86.30.
Shares of Microsoft Co. (NASDAQ MSFT) traded up $0.26 during mid-day trading on Thursday, reaching $88.08. 16,787,700 shares of the company’s stock traded hands, compared to its average volume of 23,420,000. Microsoft Co. has a 52 week low of $61.95 and a 52 week high of $88.73. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.12 and a quick ratio of 3.06. The stock has a market cap of $679,500.00, a PE ratio of 29.76, a PEG ratio of 2.06 and a beta of 0.99.
Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Thursday, October 26th. The software giant reported $0.84 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.12. The firm had revenue of $24.50 billion for the quarter, compared to analyst estimates of $23.57 billion. Microsoft had a net margin of 24.56% and a return on equity of 35.23%. Microsoft’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period last year, the business earned $0.76 EPS. sell-side analysts predict that Microsoft Co. will post 3.38 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, February 15th will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 1.91%. The ex-dividend date of this dividend is Wednesday, February 14th. Microsoft’s payout ratio is 56.76%.
In other Microsoft news, insider Frank H. Brod sold 15,000 shares of the company’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $84.08, for a total value of $1,261,200.00. Following the sale, the insider now owns 116,205 shares of the company’s stock, valued at $9,770,516.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Christopher C. Capossela sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $83.48, for a total transaction of $333,920.00. Following the completion of the transaction, the executive vice president now directly owns 185,278 shares of the company’s stock, valued at approximately $15,467,007.44. The disclosure for this sale can be found here. In the last ninety days, insiders sold 45,000 shares of company stock worth $3,759,420. Insiders own 1.49% of the company’s stock.
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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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