AMP Capital Investors Ltd decreased its holdings in Microsoft Co. (NASDAQ:MSFT) by 10.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,640,609 shares of the software giant’s stock after selling 414,835 shares during the quarter. Microsoft comprises approximately 1.5% of AMP Capital Investors Ltd’s portfolio, making the stock its 2nd biggest position. AMP Capital Investors Ltd’s holdings in Microsoft were worth $271,188,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the stock. One Capital Management LLC raised its position in shares of Microsoft by 5.0% in the 2nd quarter. One Capital Management LLC now owns 56,671 shares of the software giant’s stock worth $3,906,000 after purchasing an additional 2,675 shares during the last quarter. Tompkins Financial Corp raised its position in shares of Microsoft by 17.9% in the 3rd quarter. Tompkins Financial Corp now owns 100,261 shares of the software giant’s stock worth $7,469,000 after purchasing an additional 15,202 shares during the last quarter. Private Wealth Partners LLC raised its position in shares of Microsoft by 0.6% in the 3rd quarter. Private Wealth Partners LLC now owns 270,524 shares of the software giant’s stock worth $20,151,000 after purchasing an additional 1,511 shares during the last quarter. Zacks Investment Management raised its position in shares of Microsoft by 1.5% in the 2nd quarter. Zacks Investment Management now owns 1,257,001 shares of the software giant’s stock worth $86,645,000 after purchasing an additional 18,438 shares during the last quarter. Finally, Crescent Grove Advisors LLC purchased a new position in shares of Microsoft in the 2nd quarter worth about $561,000. 73.88% of the stock is owned by institutional investors.
Microsoft Co. (NASDAQ:MSFT) opened at $96.77 on Tuesday. Microsoft Co. has a 12-month low of $64.12 and a 12-month high of $97.21. The company has a debt-to-equity ratio of 1.01, a quick ratio of 2.85 and a current ratio of 2.89. The firm has a market capitalization of $745,110.00, a PE ratio of 29.68, a PEG ratio of 2.23 and a beta of 1.04.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 14th. Stockholders of record on Thursday, May 17th will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Wednesday, May 16th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.74%. Microsoft’s payout ratio is currently 51.53%.
In related news, CMO Christopher C. Capossela sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $93.30, for a total value of $279,900.00. Following the transaction, the chief marketing officer now directly owns 178,278 shares of the company’s stock, valued at approximately $16,633,337.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Christopher C. Capossela sold 3,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $93.00, for a total value of $325,500.00. Following the completion of the transaction, the executive vice president now directly owns 174,778 shares in the company, valued at $16,254,354. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,000 shares of company stock worth $930,900. Insiders own 1.49% of the company’s stock.
Several equities research analysts recently commented on MSFT shares. KeyCorp lifted their price objective on Microsoft from $106.00 to $110.00 and gave the stock an “overweight” rating in a report on Thursday, February 1st. Royal Bank of Canada set a $100.00 price objective on Microsoft and gave the stock a “buy” rating in a report on Wednesday, December 20th. Vetr downgraded Microsoft from a “strong-buy” rating to a “buy” rating and set a $93.77 price objective for the company. in a report on Monday, December 11th. Tigress Financial reiterated a “buy” rating on shares of Microsoft in a report on Wednesday, February 14th. Finally, Zacks Investment Research upgraded Microsoft from a “hold” rating to a “buy” rating and set a $99.00 price objective for the company in a report on Wednesday, January 17th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirty have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $99.28.
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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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