World Asset Management Inc cut its position in Microsoft Co. (NASDAQ:MSFT) by 6.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 705,323 shares of the software giant’s stock after selling 52,280 shares during the quarter. Microsoft comprises about 2.0% of World Asset Management Inc’s portfolio, making the stock its 2nd largest holding. World Asset Management Inc’s holdings in Microsoft were worth $60,333,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Beach Investment Management LLC. raised its holdings in shares of Microsoft by 947.3% during the second quarter. Beach Investment Management LLC. now owns 279,537 shares of the software giant’s stock worth $19,268,000 after acquiring an additional 252,847 shares during the period. Signature Financial Management Inc. raised its holdings in shares of Microsoft by 41.6% during the second quarter. Signature Financial Management Inc. now owns 17,475 shares of the software giant’s stock worth $1,204,000 after acquiring an additional 5,134 shares during the period. Advisors Asset Management Inc. raised its holdings in shares of Microsoft by 8.2% during the second quarter. Advisors Asset Management Inc. now owns 819,350 shares of the software giant’s stock worth $56,478,000 after acquiring an additional 61,901 shares during the period. United Asset Strategies Inc. raised its holdings in shares of Microsoft by 57.9% during the second quarter. United Asset Strategies Inc. now owns 20,521 shares of the software giant’s stock worth $1,415,000 after acquiring an additional 7,526 shares during the period. Finally, Outfitter Advisors LTD. raised its holdings in shares of Microsoft by 0.8% during the second quarter. Outfitter Advisors LTD. now owns 12,133 shares of the software giant’s stock worth $836,000 after acquiring an additional 100 shares during the period. Institutional investors own 73.85% of the company’s stock.
MSFT has been the topic of a number of research analyst reports. KeyCorp raised their price objective on shares of Microsoft from $106.00 to $110.00 and gave the stock an “overweight” rating in a report on Thursday, February 1st. Vetr lowered shares of Microsoft from a “strong-buy” rating to a “buy” rating and set a $93.77 price objective on the stock. in a report on Monday, December 11th. Royal Bank of Canada set a $100.00 price objective on shares of Microsoft and gave the stock a “buy” rating in a report on Wednesday, December 20th. Tigress Financial restated a “buy” rating on shares of Microsoft in a report on Wednesday, February 14th. Finally, Zacks Investment Research upgraded shares of Microsoft from a “hold” rating to a “buy” rating and set a $99.00 price objective on the stock in a report on Wednesday, January 17th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $100.14.
Shares of MSFT opened at $90.23 on Friday. 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 $711,306.88, a PE ratio of 27.26, a PEG ratio of 2.14 and a beta of 1.07. 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 (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, January 31st. The software giant reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.09. The company had revenue of $28.92 billion during the quarter, compared to the consensus estimate of $28.42 billion. Microsoft had a net margin of 11.72% and a return on equity of 35.41%. The company’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.83 EPS. research analysts forecast that Microsoft Co. will post 3.63 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 14th. Investors of record on Thursday, May 17th will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 1.86%. The ex-dividend date is Wednesday, May 16th. Microsoft’s payout ratio is 50.76%.
In related news, CMO Christopher C. Capossela sold 3,000 shares of Microsoft stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $93.30, for a total transaction of $279,900.00. Following the completion of the sale, the chief marketing officer now owns 178,278 shares of the company’s stock, valued at approximately $16,633,337.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Christopher C. Capossela sold 3,500 shares of Microsoft stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $93.00, for a total transaction of $325,500.00. Following the sale, the executive vice president now directly owns 174,778 shares of the company’s stock, valued at approximately $16,254,354. The disclosure for this sale can be found here. Insiders have sold a total of 10,000 shares of company stock valued at $930,900 in the last ninety days. 1.49% of the stock is currently owned by insiders.
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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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