ACR Alpine Capital Research LLC decreased its position in Microsoft Co. (NASDAQ:MSFT) by 3.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,172,218 shares of the software giant’s stock after selling 42,994 shares during the period. Microsoft accounts for 6.2% of ACR Alpine Capital Research LLC’s portfolio, making the stock its 4th largest position. ACR Alpine Capital Research LLC’s holdings in Microsoft were worth $115,593,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the stock. WP Advisors LLC acquired a new position in Microsoft in the second quarter valued at about $131,000. Live Your Vision LLC lifted 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 buying an additional 509 shares during the period. CX Institutional acquired a new position in Microsoft in the second quarter valued at about $145,000. Spectrum Financial Alliance Ltd LLC acquired a new position in Microsoft in the first quarter valued at about $147,000. Finally, Lara May & Associates LLC acquired 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.
Shares of Microsoft stock opened at $110.19 on Friday. Microsoft Co. has a 52-week low of $80.70 and a 52-week high of $116.18. The company has a market capitalization of $824.96 billion, a P/E ratio of 28.40, a PEG ratio of 1.94 and a beta of 1.26. The company has a current ratio of 2.92, a quick ratio of 2.85 and a debt-to-equity ratio of 0.88.
Microsoft (NASDAQ:MSFT) last announced its earnings results on Wednesday, October 24th. The software giant reported $1.14 earnings per share (EPS) for the quarter, beating the Zacks’ 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 for the quarter, compared to analyst estimates of $27.92 billion. During the same quarter last year, the firm earned $0.84 EPS. Microsoft’s revenue for the quarter was up 18.5% compared to the same quarter last year. Research analysts forecast that Microsoft Co. will post 4.43 earnings per share 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. This represents a $1.84 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date is Wednesday, February 20th. Microsoft’s dividend payout ratio is presently 47.42%.
Several equities analysts have weighed in on the company. Wedbush reissued an “outperform” rating and issued a $140.00 target price on shares of Microsoft in a research note on Thursday. Macquarie set a $125.00 price target on Microsoft and gave the stock a “buy” rating in a research report on Monday, November 19th. Credit Suisse Group set a $125.00 price target on Microsoft and gave the stock a “buy” rating in a research report on Monday, November 19th. Jefferies Financial Group reaffirmed a “sell” rating and set a $75.00 price target on shares of Microsoft in a research report on Monday, November 19th. Finally, Oppenheimer set a $127.00 price target on Microsoft and gave the stock a “buy” rating in a research report on Monday, November 19th. One investment 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 given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $121.88.
In other Microsoft news, EVP Kathleen T. Hogan sold 36,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 8th. The stock was sold at an average price of $111.28, for a total value of $4,061,720.00. Following the completion of the transaction, the executive vice president now directly owns 226,801 shares in the company, valued at $25,238,415.28. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Amy Hood sold 118,000 shares of the firm’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 transaction, the chief financial officer now owns 669,327 shares of the company’s stock, valued at $74,228,364.30. The disclosure for this sale can be found here. In the last three months, insiders sold 479,080 shares of company stock worth $52,100,893. 1.49% of the stock is owned by insiders.
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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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