Columbus Hill Capital Management L.P. reduced its position in shares of Microsoft Co. (NASDAQ:MSFT) by 16.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 134,674 shares of the software giant’s stock after selling 25,776 shares during the quarter. Microsoft comprises about 4.0% of Columbus Hill Capital Management L.P.’s portfolio, making the stock its 11th biggest position. Columbus Hill Capital Management L.P.’s holdings in Microsoft were worth $27,408,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Selective Wealth Management Inc. grew its holdings in Microsoft by 26.9% during the second quarter. Selective Wealth Management Inc. now owns 236 shares of the software giant’s stock valued at $48,000 after purchasing an additional 50 shares during the period. KG&L Capital Management LLC boosted its holdings in shares of Microsoft by 0.7% in the second quarter. KG&L Capital Management LLC now owns 7,764 shares of the software giant’s stock worth $1,579,000 after acquiring an additional 53 shares during the period. Advisors Management Group Inc. ADV boosted its holdings in shares of Microsoft by 1.8% in the second quarter. Advisors Management Group Inc. ADV now owns 3,118 shares of the software giant’s stock worth $634,000 after acquiring an additional 54 shares during the period. UMA Financial Services Inc. boosted its holdings in shares of Microsoft by 0.4% in the second quarter. UMA Financial Services Inc. now owns 13,618 shares of the software giant’s stock worth $2,836,000 after acquiring an additional 56 shares during the period. Finally, Successful Portfolios LLC boosted its holdings in shares of Microsoft by 0.3% in the second quarter. Successful Portfolios LLC now owns 16,656 shares of the software giant’s stock worth $3,390,000 after acquiring an additional 58 shares during the period. 69.93% of the stock is currently owned by institutional investors and hedge funds.
In related news, CFO Amy Hood sold 80,000 shares of the business’s stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $218.14, for a total value of $17,451,200.00. Following the completion of the transaction, the chief financial officer now directly owns 452,720 shares in the company, valued at approximately $98,756,340.80. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CMO Christopher C. Capossela sold 23,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $210.70, for a total transaction of $4,846,100.00. Following the completion of the transaction, the chief marketing officer now owns 122,943 shares of the company’s stock, valued at $25,904,090.10. The disclosure for this sale can be found here. Over the last three months, insiders sold 164,067 shares of company stock worth $35,247,737. Insiders own 1.39% of the company’s stock.
A number of equities analysts have recently commented on the company. Bank of America reaffirmed a “buy” rating and issued a $230.00 price target on shares of Microsoft in a report on Monday, July 20th. Goldman Sachs Group set a $215.00 price objective on Microsoft and gave the company a “buy” rating in a research note on Monday, July 20th. DZ Bank reissued a “buy” rating on shares of Microsoft in a research note on Thursday, July 23rd. Oppenheimer assumed coverage on Microsoft in a research note on Monday, August 3rd. They set a “hold” rating for the company. Finally, BidaskClub raised Microsoft from a “sell” rating to a “hold” rating in a research note on Friday, August 28th. Four research analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has given a strong buy rating to the stock. Microsoft currently has an average rating of “Buy” and an average target price of $216.72.
Shares of NASDAQ:MSFT opened at $208.78 on Wednesday. Microsoft Co. has a 1 year low of $132.52 and a 1 year high of $232.86. The company has a market cap of $1,579.97 billion, a PE ratio of 36.31, a P/E/G ratio of 2.33 and a beta of 0.89. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.52 and a quick ratio of 2.49. The stock’s 50-day moving average is $212.36 and its 200 day moving average is $187.59.
Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Wednesday, July 22nd. The software giant reported $1.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.34 by $0.12. The business had revenue of $38.03 billion for the quarter, compared to analysts’ expectations of $36.59 billion. Microsoft had a return on equity of 39.45% and a net margin of 30.96%. Analysts expect that Microsoft Co. will post 6.39 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Thursday, November 19th will be given a $0.56 dividend. This is a boost from Microsoft’s previous quarterly dividend of $0.51. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date of this dividend is Wednesday, November 18th. Microsoft’s payout ratio is currently 35.42%.
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, 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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