Gillespie Robinson & Grimm Inc. decreased its position in shares of Microsoft Co. (NASDAQ:MSFT) by 19.6% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,473 shares of the software giant’s stock after selling 2,304 shares during the quarter. Gillespie Robinson & Grimm Inc.’s holdings in Microsoft were worth $934,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Daiwa Securities Group Inc. lifted its stake in Microsoft by 15.8% in the first quarter. Daiwa Securities Group Inc. now owns 411,496 shares of the software giant’s stock valued at $37,557,000 after buying an additional 56,149 shares during the last quarter. Macguire Cheswick & Tuttle Investment Counsel LLC lifted its stake in Microsoft by 1.3% in the first quarter. Macguire Cheswick & Tuttle Investment Counsel LLC now owns 110,586 shares of the software giant’s stock valued at $10,093,000 after buying an additional 1,440 shares during the last quarter. Turim 21 Investimentos Ltda. lifted its stake in Microsoft by 3.7% in the first quarter. Turim 21 Investimentos Ltda. now owns 101,073 shares of the software giant’s stock valued at $9,225,000 after buying an additional 3,583 shares during the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH lifted its stake in Microsoft by 10.8% in the first quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 851,392 shares of the software giant’s stock valued at $75,782,000 after buying an additional 83,118 shares during the last quarter. Finally, D.B. Root & Company LLC lifted its stake in Microsoft by 111.6% in the first quarter. D.B. Root & Company LLC now owns 28,819 shares of the software giant’s stock valued at $2,630,000 after buying an additional 15,201 shares during the last quarter. Institutional investors own 71.92% of the company’s stock.
A number of equities research analysts have issued reports on MSFT shares. Atlantic Securities upgraded Microsoft from a “neutral” rating to an “overweight” rating in a research note on Monday, June 25th. BidaskClub cut Microsoft from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 26th. Sanford C. Bernstein reiterated a “buy” rating and issued a $123.00 target price on shares of Microsoft in a research note on Tuesday, July 3rd. Morgan Stanley set a $130.00 target price on Microsoft and gave the company a “buy” rating in a research note on Monday, July 9th. Finally, Barclays set a $108.00 target price on Microsoft and gave the company a “buy” rating in a research note on Thursday, July 12th. One analyst has rated the stock with a sell rating, two have issued a hold rating, thirty-two have assigned a buy rating and two have issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $121.24.
In related news, EVP Kathleen T. Hogan sold 40,000 shares of Microsoft stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $111.31, for a total transaction of $4,452,400.00. Following the transaction, the executive vice president now directly owns 339,972 shares of the company’s stock, valued at $37,842,283.32. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CMO Christopher C. Capossela sold 23,337 shares of Microsoft stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $109.22, for a total value of $2,548,867.14. Following the transaction, the chief marketing officer now directly owns 190,570 shares in the company, valued at $20,814,055.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 650,042 shares of company stock worth $71,264,850. 1.49% of the stock is owned by corporate insiders.
Shares of MSFT opened at $108.66 on Friday. The firm has a market cap of $852.44 billion, a PE ratio of 28.01, a price-to-earnings-growth ratio of 2.11 and a beta of 1.28. Microsoft Co. has a one year low of $78.01 and a one year high of $116.18. The company has a current ratio of 2.90, a quick ratio of 2.86 and a debt-to-equity ratio of 0.94.
Microsoft (NASDAQ:MSFT) last released its earnings results on Thursday, July 19th. The software giant reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.05. The firm had revenue of $30.09 billion for the quarter, compared to analyst estimates of $29.23 billion. Microsoft had a return on equity of 36.69% and a net margin of 15.02%. Microsoft’s revenue was up 17.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.75 earnings per share. Sell-side analysts anticipate that Microsoft Co. will post 4.25 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 13th. Investors of record on Thursday, November 15th will be issued a dividend of $0.46 per share. This is a positive change from Microsoft’s previous quarterly dividend of $0.42. This represents a $1.84 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date is Wednesday, November 14th. Microsoft’s payout ratio is presently 43.30%.
Microsoft Company Profile
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its company's Productivity and Business Processes segment offers Office 365 commercial products and services for businesses, such as Office, Exchange, SharePoint, Skype for Business, Microsoft Teams, and related Client Access Licenses (CALs); Office 365 consumer services, including Skype, Outlook.com, and OneDrive; LinkedIn online professional network; and Dynamics business solutions comprising financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and medium businesses, large organizations, and divisions of enterprises.
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