Swedbank raised its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 7.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,498,624 shares of the software giant’s stock after acquiring an additional 816,414 shares during the quarter. Microsoft makes up 5.2% of Swedbank’s portfolio, making the stock its 2nd biggest position. Swedbank owned 0.15% of Microsoft worth $856,533,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently bought and sold shares of MSFT. River Wealth Advisors LLC lifted its position in shares of Microsoft by 6.4% in the 2nd quarter. River Wealth Advisors LLC now owns 25,130 shares of the software giant’s stock worth $1,732,000 after buying an additional 1,517 shares during the last quarter. Northeast Financial Consultants Inc lifted its position in shares of Microsoft by 17.4% in the 2nd quarter. Northeast Financial Consultants Inc now owns 10,100 shares of the software giant’s stock worth $696,000 after buying an additional 1,500 shares during the last quarter. One Capital Management LLC lifted its position in shares of Microsoft by 5.0% in the 2nd quarter. One Capital Management LLC now owns 56,671 shares of the software giant’s stock worth $3,906,000 after buying an additional 2,675 shares during the last quarter. JLB & Associates Inc. bought a new position in shares of Microsoft in the 2nd quarter worth about $10,873,000. Finally, State of Wisconsin Investment Board lifted its position in shares of Microsoft by 7.3% in the 1st quarter. State of Wisconsin Investment Board now owns 7,827,220 shares of the software giant’s stock worth $515,501,000 after buying an additional 530,893 shares during the last quarter. Hedge funds and other institutional investors own 73.16% of the company’s stock.
In other Microsoft news, EVP Christopher C. Capossela sold 4,000 shares of the firm’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $83.46, for a total value of $333,840.00. Following the completion of the transaction, the executive vice president now directly owns 189,278 shares in the company, valued at $15,797,141.88. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Frank H. Brod sold 15,000 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $84.08, for a total transaction of $1,261,200.00. Following the completion of the transaction, the insider now owns 116,205 shares of the company’s stock, valued at $9,770,516.40. The disclosure for this sale can be found here. Insiders sold a total of 45,000 shares of company stock worth $3,759,420 in the last ninety days. Corporate insiders own 1.49% of the company’s stock.
MSFT has been the topic of a number of recent research reports. Morningstar restated a “neutral” rating on shares of Microsoft in a research report on Monday, October 16th. Evercore ISI raised their price target on shares of Microsoft from $93.00 to $106.00 and gave the stock an “outperform” rating in a research report on Friday, December 8th. UBS Group set a $105.00 price objective on shares of Microsoft and gave the company a “buy” rating in a research report on Thursday, November 9th. Royal Bank of Canada reiterated an “outperform” rating and issued a $88.00 price objective (up from $85.00) on shares of Microsoft in a research report on Friday, October 27th. Finally, Jefferies Group set a $57.00 price objective on shares of Microsoft and gave the company a “sell” rating in a research report on Friday, October 27th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirty-one have given a buy rating to the stock. Microsoft currently has an average rating of “Buy” and a consensus target price of $86.97.
Microsoft Co. (NASDAQ MSFT) opened at $89.60 on Friday. The company has a market cap of $691,230.00, a PE ratio of 30.27, a price-to-earnings-growth ratio of 2.05 and a beta of 0.99. The company has a debt-to-equity ratio of 0.91, a quick ratio of 3.06 and a current ratio of 3.12. Microsoft Co. has a 52 week low of $62.03 and a 52 week high of $89.78.
Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Thursday, October 26th. The software giant reported $0.84 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.12. The company had revenue of $24.50 billion for the quarter, compared to analysts’ expectations of $23.57 billion. Microsoft had a net margin of 24.56% and a return on equity of 35.23%. The business’s revenue was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.76 EPS. equities research analysts forecast that Microsoft Co. will post 3.39 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, February 15th will be paid a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $1.68 annualized dividend and a dividend yield of 1.88%. Microsoft’s dividend payout ratio is currently 56.76%.
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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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