Sigma Investment Counselors Inc. cut its holdings in Microsoft Co. (NASDAQ:MSFT) by 0.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 91,069 shares of the software giant’s stock after selling 778 shares during the period. Microsoft accounts for about 1.0% of Sigma Investment Counselors Inc.’s holdings, making the stock its 18th biggest position. Sigma Investment Counselors Inc.’s holdings in Microsoft were worth $6,784,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Microsoft by 4.6% during the 2nd quarter. Vanguard Group Inc. now owns 564,052,011 shares of the software giant’s stock valued at $38,880,105,000 after buying an additional 25,053,413 shares during the period. Capital Research Global Investors boosted its position in Microsoft by 212.3% during the 2nd quarter. Capital Research Global Investors now owns 69,663,044 shares of the software giant’s stock worth $4,801,874,000 after purchasing an additional 47,353,245 shares during the period. Janus Henderson Group PLC boosted its position in Microsoft by 609.4% during the 2nd quarter. Janus Henderson Group PLC now owns 49,174,883 shares of the software giant’s stock worth $3,389,625,000 after purchasing an additional 42,243,011 shares during the period. Legal & General Group Plc boosted its position in Microsoft by 1.1% during the 2nd quarter. Legal & General Group Plc now owns 37,689,022 shares of the software giant’s stock worth $2,597,786,000 after purchasing an additional 425,485 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its position in Microsoft by 2.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 29,622,483 shares of the software giant’s stock worth $2,041,878,000 after purchasing an additional 657,294 shares during the period. Institutional investors own 73.07% of the company’s stock.
MSFT has been the subject of a number of research reports. KeyCorp upped their price target on shares of Microsoft from $106.00 to $110.00 and gave the stock an “overweight” rating in a research report on Thursday, February 1st. Royal Bank of Canada reaffirmed an “outperform” rating and set a $88.00 price target (up from $85.00) on shares of Microsoft in a research report on Friday, October 27th. UBS Group set a $105.00 price target on shares of Microsoft and gave the stock a “buy” rating in a research report on Thursday, November 9th. Vetr cut shares of Microsoft from a “strong-buy” rating to a “buy” rating and set a $93.77 price target for the company. in a research report on Monday, December 11th. Finally, Citigroup upped their price target on shares of Microsoft from $74.00 to $79.00 and gave the stock a “sell” rating in a research report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, thirty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $99.14.
In other news, insider Frank H. Brod sold 18,000 shares of the company’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $83.15, for a total value of $1,496,700.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Christopher C. Capossela sold 4,000 shares of the company’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $83.44, for a total transaction of $333,760.00. Following the completion of the sale, the executive vice president now owns 184,278 shares in the company, valued at approximately $15,376,156.32. The disclosure for this sale can be found here. Corporate insiders own 1.49% of the company’s stock.
Microsoft Co. (NASDAQ:MSFT) opened at $89.83 on Wednesday. The firm has a market cap of $686,282.50, a PE ratio of 61.53, a price-to-earnings-growth ratio of 2.07 and a beta of 1.06. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.89 and a quick ratio of 2.85. Microsoft Co. has a 12-month low of $63.62 and a 12-month high of $96.07.
Microsoft (NASDAQ:MSFT) last issued its earnings results on Wednesday, January 31st. The software giant reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.09. The business had revenue of $28.92 billion for the quarter, compared to analyst estimates of $28.42 billion. Microsoft had a net margin of 11.72% and a return on equity of 35.41%. The company’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.83 EPS. equities research analysts predict that Microsoft Co. will post 3.62 earnings per share for the current year.
The business also recently announced 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 dividend on an annualized basis and a dividend yield of 1.87%. Microsoft’s dividend payout ratio (DPR) is presently 115.07%.
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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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