Worldquant Millennium Advisors LLC Lowers Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Worldquant Millennium Advisors LLC decreased its position in Microsoft Co. (NASDAQ:MSFT) by 3.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 615,666 shares of the software giant’s stock after selling 24,086 shares during the quarter. Microsoft makes up 3.0% of Worldquant Millennium Advisors LLC’s portfolio, making the stock its 2nd biggest holding. Worldquant Millennium Advisors LLC’s holdings in Microsoft were worth $136,936,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Zurich Insurance Group Ltd FI raised its stake in shares of Microsoft by 5.9% in the fourth quarter. Zurich Insurance Group Ltd FI now owns 1,492,609 shares of the software giant’s stock worth $331,986,000 after buying an additional 83,767 shares during the period. Truvestments Capital LLC raised its stake in shares of Microsoft by 1.5% in the fourth quarter. Truvestments Capital LLC now owns 12,000 shares of the software giant’s stock worth $2,669,000 after buying an additional 176 shares during the period. IHT Wealth Management LLC raised its stake in shares of Microsoft by 7.0% in the fourth quarter. IHT Wealth Management LLC now owns 71,535 shares of the software giant’s stock worth $15,911,000 after buying an additional 4,671 shares during the period. Crestone Asset Management LLC bought a new position in shares of Microsoft in the fourth quarter worth about $881,000. Finally, Freedman Financial Associates Inc. bought a new position in shares of Microsoft in the fourth quarter worth about $1,146,000. 69.01% of the stock is currently owned by institutional investors.

In other news, Director Emma N. Walmsley bought 4,300 shares of the firm’s stock in a transaction dated Wednesday, March 10th. The shares were acquired at an average price of $236.80 per share, for a total transaction of $1,018,240.00. Following the completion of the transaction, the director now directly owns 5,026 shares in the company, valued at approximately $1,190,156.80. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Jean Philippe Courtois sold 18,358 shares of the firm’s stock in a transaction that occurred on Thursday, January 28th. The shares were sold at an average price of $239.60, for a total value of $4,398,576.80. Following the completion of the transaction, the executive vice president now owns 593,915 shares in the company, valued at approximately $142,302,034. The disclosure for this sale can be found here. Corporate insiders own 0.05% of the company’s stock.

Shares of MSFT stock opened at $249.90 on Thursday. The stock’s 50-day simple moving average is $235.85 and its 200-day simple moving average is $222.92. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.49 and a current ratio of 2.53. The firm has a market capitalization of $1.88 trillion, a PE ratio of 40.37, a P/E/G ratio of 2.44 and a beta of 0.83. Microsoft Co. has a fifty-two week low of $162.30 and a fifty-two week high of $250.93.

Microsoft (NASDAQ:MSFT) last issued its earnings results on Monday, January 25th. The software giant reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.39. The firm had revenue of $43.08 billion for the quarter, compared to the consensus estimate of $40.23 billion. Microsoft had a return on equity of 40.74% and a net margin of 32.28%. The company’s revenue was up 16.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.51 earnings per share. Sell-side analysts forecast that Microsoft Co. will post 6.73 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 10th. Shareholders of record on Thursday, May 20th will be given a dividend of $0.56 per share. The ex-dividend date of this dividend is Wednesday, May 19th. This represents a $2.24 dividend on an annualized basis and a yield of 0.90%. Microsoft’s dividend payout ratio is currently 38.89%.

Several research analysts have recently commented on MSFT shares. BMO Capital Markets raised their price objective on Microsoft from $245.00 to $270.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 27th. They noted that the move was a valuation call. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upgraded Microsoft from a “neutral” rating to a “buy” rating and increased their target price for the stock from $229.00 to $272.00 in a research report on Monday, December 21st. Evercore ISI increased their target price on Microsoft from $260.00 to $300.00 in a research report on Wednesday, January 27th. Bank of America increased their target price on Microsoft from $256.00 to $280.00 and gave the stock a “buy” rating in a research report on Wednesday, January 27th. Finally, Citigroup started coverage on Microsoft in a research report on Wednesday, March 3rd. They set a “buy” rating and a $292.00 target price for the company. Two investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and three have issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $268.28.

Microsoft Profile

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, as well as related Client Access Licenses (CAL); Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for small and medium businesses, large organizations, and divisions of enterprises.

Featured Article: Treasury Bonds

Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Co. (NASDAQ:MSFT).

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

Receive News & Ratings for Microsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft and related companies with MarketBeat.com's FREE daily email newsletter.