S&CO Inc. increased its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 23.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 110,785 shares of the software giant’s stock after acquiring an additional 20,914 shares during the quarter. Microsoft makes up about 1.3% of S&CO Inc.’s holdings, making the stock its 25th largest position. S&CO Inc.’s holdings in Microsoft were worth $10,925,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of the stock. BlackRock Inc. raised its stake in shares of Microsoft by 1.3% in the first quarter. BlackRock Inc. now owns 499,849,770 shares of the software giant’s stock valued at $45,621,287,000 after buying an additional 6,488,089 shares during the period. Summit Trail Advisors LLC raised its stake in shares of Microsoft by 5,931.9% in the first quarter. Summit Trail Advisors LLC now owns 4,562,204 shares of the software giant’s stock valued at $4,562,000 after buying an additional 4,486,569 shares during the period. Polen Capital Management LLC raised its stake in shares of Microsoft by 52.3% in the first quarter. Polen Capital Management LLC now owns 11,012,266 shares of the software giant’s stock valued at $1,005,090,000 after buying an additional 3,781,879 shares during the period. Cornerstone Wealth Management LLC raised its stake in shares of Microsoft by 10,330.4% in the second quarter. Cornerstone Wealth Management LLC now owns 3,661,393 shares of the software giant’s stock valued at $36,609,000 after buying an additional 3,626,290 shares during the period. Finally, PointState Capital LP raised its stake in shares of Microsoft by 7,456.3% in the first quarter. PointState Capital LP now owns 3,551,481 shares of the software giant’s stock valued at $324,144,000 after buying an additional 3,504,481 shares during the period. Institutional investors and hedge funds own 71.85% of the company’s stock.
In related news, CEO Satya Nadella sold 203,418 shares of the business’s stock in a transaction dated Friday, October 26th. The stock was sold at an average price of $106.68, for a total transaction of $21,700,632.24. Following the completion of the transaction, the chief executive officer now directly owns 1,014,247 shares in the company, valued at $108,199,869.96. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Kathleen T. Hogan sold 40,000 shares of the business’s stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $111.31, for a total value of $4,452,400.00. Following the transaction, the executive vice president now owns 339,972 shares of the company’s stock, valued at $37,842,283.32. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 479,080 shares of company stock valued at $52,100,893. 1.49% of the stock is owned by company insiders.
Microsoft stock opened at $109.57 on Friday. Microsoft Co. has a 52 week low of $80.70 and a 52 week high of $116.18. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.92 and a quick ratio of 2.85. The stock has a market cap of $862.07 billion, a P/E ratio of 26.78, a price-to-earnings-growth ratio of 2.04 and a beta of 1.26.
Microsoft (NASDAQ:MSFT) last posted its earnings results on Wednesday, October 24th. The software giant reported $1.14 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.18. Microsoft had a return on equity of 39.86% and a net margin of 16.38%. The business had revenue of $29.08 billion during the quarter, compared to analysts’ expectations of $27.92 billion. During the same period in the previous year, the business earned $0.84 earnings per share. The firm’s revenue was up 18.5% on a year-over-year basis. As a group, equities research analysts predict that Microsoft Co. will post 4.39 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 13th. Investors of record on Thursday, November 15th will be given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 1.68%. This is a boost from Microsoft’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Wednesday, November 14th. Microsoft’s payout ratio is presently 43.30%.
MSFT has been the topic of several research reports. Royal Bank of Canada restated a “$104.40” rating and issued a $115.00 target price on shares of Microsoft in a research note on Thursday, July 19th. Deutsche Bank restated a “$105.12” rating on shares of Microsoft in a research note on Wednesday, July 18th. Credit Suisse Group restated a “$105.12” rating and issued a $115.00 target price on shares of Microsoft in a research note on Wednesday, July 18th. Argus boosted their target price on Microsoft from $116.00 to $128.00 and gave the company a “$107.97” rating in a research note on Monday, July 23rd. Finally, Nomura set a $118.00 target price on Microsoft and gave the company a “buy” rating in a research note on Friday, July 20th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, thirty-three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $121.88.
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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