KBC Group NV trimmed its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 11.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,730,993 shares of the software giant’s stock after selling 349,214 shares during the quarter. Microsoft accounts for approximately 2.3% of KBC Group NV’s investment portfolio, making the stock its 2nd largest holding. KBC Group NV’s holdings in Microsoft were worth $269,303,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. WP Advisors LLC purchased a new position in Microsoft in the second quarter valued at about $131,000. Live Your Vision LLC grew its stake in Microsoft by 58.7% in the second quarter. Live Your Vision LLC now owns 1,376 shares of the software giant’s stock valued at $140,000 after purchasing an additional 509 shares during the last quarter. CX Institutional purchased a new position in Microsoft in the second quarter valued at about $145,000. Spectrum Financial Alliance Ltd LLC purchased a new position in Microsoft in the first quarter valued at about $147,000. Finally, Lara May & Associates LLC purchased a new position in Microsoft in the first quarter valued at about $199,000. Institutional investors and hedge funds own 72.12% of the company’s stock.
Several equities analysts have issued reports on MSFT shares. Credit Suisse Group set a $125.00 target price on Microsoft and gave the company a “buy” rating in a research note on Wednesday, September 19th. Oppenheimer set a $127.00 target price on Microsoft and gave the company a “buy” rating in a research note on Monday, November 19th. DZ Bank reiterated a “buy” rating on shares of Microsoft in a research note on Thursday, October 18th. Macquarie reiterated a “buy” rating and issued a $125.00 target price on shares of Microsoft in a research note on Thursday, October 25th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $120.00 target price on shares of Microsoft in a research note on Thursday, October 25th. One analyst has rated the stock with a sell rating, two have given a hold rating, thirty-three have issued 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 target price of $121.88.
In related news, EVP Kathleen T. Hogan sold 40,000 shares of the company’s stock in a transaction that occurred on 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 sale, the executive vice president now owns 339,972 shares in the company, valued at $37,842,283.32. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Amy Hood sold 118,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $110.90, for a total value of $13,086,200.00. Following the completion of the sale, the chief financial officer now owns 669,327 shares in the company, valued at approximately $74,228,364.30. The disclosure for this sale can be found here. In the last quarter, insiders sold 479,080 shares of company stock worth $52,100,893. 1.49% of the stock is owned by insiders.
Shares of MSFT stock opened at $110.19 on Friday. Microsoft Co. has a fifty-two week low of $80.70 and a fifty-two week high of $116.18. The stock has a market cap of $855.60 billion, a PE ratio of 28.40, a price-to-earnings-growth ratio of 2.01 and a beta of 1.26. The company has a debt-to-equity ratio of 0.88, a quick ratio of 2.85 and a current ratio of 2.92.
Microsoft (NASDAQ:MSFT) last issued its earnings results on Wednesday, October 24th. The software giant reported $1.14 EPS for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.18. The firm had revenue of $29.08 billion for the quarter, compared to analyst estimates of $27.92 billion. Microsoft had a return on equity of 39.86% and a net margin of 16.38%. Microsoft’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.84 earnings per share. Sell-side analysts predict that Microsoft Co. will post 4.43 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 14th. Investors of record on Thursday, February 21st will be given a $0.46 dividend. The ex-dividend date of this dividend is Wednesday, February 20th. This represents a $1.84 dividend on an annualized basis and a yield of 1.67%. Microsoft’s dividend payout ratio is currently 47.42%.
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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