Gofen & Glossberg LLC IL lessened its holdings in Microsoft Co. (NASDAQ:MSFT) by 0.8% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 991,345 shares of the software giant’s stock after selling 7,542 shares during the period. Microsoft accounts for approximately 2.7% of Gofen & Glossberg LLC IL’s portfolio, making the stock its 2nd largest holding. Gofen & Glossberg LLC IL’s holdings in Microsoft were worth $73,845,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Capital Research Global Investors increased its stake in Microsoft by 212.3% in the second quarter. Capital Research Global Investors now owns 69,663,044 shares of the software giant’s stock valued at $4,801,874,000 after acquiring an additional 47,353,245 shares during the last quarter. Janus Henderson Group PLC increased its stake in Microsoft by 609.4% in the second quarter. Janus Henderson Group PLC now owns 49,174,883 shares of the software giant’s stock valued at $3,389,625,000 after acquiring an additional 42,243,011 shares during the last quarter. Vanguard Group Inc. increased its stake in Microsoft by 4.6% in the second quarter. Vanguard Group Inc. now owns 564,052,011 shares of the software giant’s stock valued at $38,880,105,000 after acquiring an additional 25,053,413 shares during the last quarter. Tiger Global Management LLC increased its stake in Microsoft by 395.2% in the second quarter. Tiger Global Management LLC now owns 10,487,500 shares of the software giant’s stock valued at $722,903,000 after acquiring an additional 8,369,500 shares during the last quarter. Finally, Polen Capital Management LLC bought a new position in Microsoft in the third quarter valued at $527,480,000. Institutional investors own 73.85% of the company’s stock.
In other news, EVP Christopher C. Capossela sold 3,500 shares of Microsoft stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $93.00, for a total transaction of $325,500.00. Following the completion of the transaction, the executive vice president now directly owns 171,278 shares in the company, valued at $15,928,854. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CMO Christopher C. Capossela sold 3,000 shares of Microsoft stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $93.30, for a total transaction of $279,900.00. Following the transaction, the chief marketing officer now owns 178,278 shares of the company’s stock, valued at $16,633,337.40. The disclosure for this sale can be found here. Insiders sold 10,000 shares of company stock valued at $930,900 over the last 90 days. 1.49% of the stock is currently owned by company insiders.
A number of research analysts recently commented on MSFT shares. Barclays set a $95.00 target price on Microsoft and gave the company an “overweight” rating in a research note on Friday, January 12th. ValuEngine raised Microsoft from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Oppenheimer increased their target price on Microsoft to $115.00 and gave the company an “outperform” rating in a research note on Tuesday, January 9th. Credit Suisse Group reissued an “outperform” rating and issued a $115.00 target price (up previously from $95.00) on shares of Microsoft in a research note on Thursday, January 18th. Finally, BMO Capital Markets increased their target price on Microsoft to $100.00 and gave the company an “outperform” rating in a research note on Friday, January 26th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $100.14.
Shares of MSFT opened at $90.23 on Friday. The company has a quick ratio of 2.85, a current ratio of 2.89 and a debt-to-equity ratio of 1.01. Microsoft Co. has a one year low of $64.85 and a one year high of $97.24. The stock has a market capitalization of $710,921.88, a price-to-earnings ratio of 27.26, a P/E/G ratio of 2.14 and a beta of 1.07.
Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Wednesday, January 31st. The software giant reported $0.96 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.09. Microsoft had a net margin of 11.72% and a return on equity of 35.41%. The business had revenue of $28.92 billion during the quarter, compared to analyst estimates of $28.42 billion. During the same period last year, the business posted $0.83 earnings per share. Microsoft’s quarterly revenue was up 11.9% compared to the same quarter last year. sell-side analysts predict that Microsoft Co. will post 3.63 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 14th. Shareholders of record on Thursday, May 17th will be issued a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, May 16th. This represents a $1.68 annualized dividend and a yield of 1.86%. Microsoft’s dividend payout ratio (DPR) is presently 50.76%.
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Microsoft Company Profile
Microsoft Corporation develops, licenses, and supports software products, services, and devices worldwide. The company's Productivity and Business Processes segment offers Office 365 commercial products and services for businesses, including Office, Exchange, SharePoint, Skype for Business, and related Client Access Licenses (CALs); Office 365 consumer services, such as Skype, Outlook.com, and OneDrive; Dynamics business solutions, such as financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and mid-size businesses, large organizations, and divisions of enterprises; and LinkedIn online professional network.
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