Mcdaniel Terry & Co. cut its holdings in Microsoft Co. (NASDAQ:MSFT) by 12.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 317,042 shares of the software giant’s stock after selling 46,097 shares during the period. Microsoft accounts for 9.8% of Mcdaniel Terry & Co.’s portfolio, making the stock its largest holding. Mcdaniel Terry & Co.’s holdings in Microsoft were worth $64,521,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in MSFT. Geode Capital Management LLC raised its position in shares of Microsoft by 2.0% during the 1st quarter. Geode Capital Management LLC now owns 115,684,966 shares of the software giant’s stock valued at $18,213,038,000 after purchasing an additional 2,283,447 shares during the period. Capital International Investors increased its holdings in Microsoft by 3.5% in the 1st quarter. Capital International Investors now owns 103,523,946 shares of the software giant’s stock valued at $16,326,780,000 after acquiring an additional 3,527,148 shares during the last quarter. Capital Research Global Investors increased its holdings in Microsoft by 0.5% in the 1st quarter. Capital Research Global Investors now owns 93,247,848 shares of the software giant’s stock valued at $14,706,128,000 after acquiring an additional 471,612 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Microsoft by 2.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 85,075,509 shares of the software giant’s stock valued at $17,313,715,000 after acquiring an additional 1,667,999 shares during the last quarter. Finally, Legal & General Group Plc increased its holdings in Microsoft by 2.8% in the 1st quarter. Legal & General Group Plc now owns 46,522,802 shares of the software giant’s stock valued at $7,337,453,000 after acquiring an additional 1,251,930 shares during the last quarter. Institutional investors and hedge funds own 69.93% of the company’s stock.
MSFT has been the topic of a number of research reports. DZ Bank reiterated a “buy” rating on shares of Microsoft in a report on Thursday, July 23rd. Fundamental Research lifted their price target on shares of Microsoft from $212.58 to $220.41 and gave the company a “buy” rating in a report on Tuesday, July 28th. Mizuho lifted their price objective on shares of Microsoft from $225.00 to $240.00 and gave the stock a “buy” rating in a research note on Monday, August 31st. Bank of America reissued a “buy” rating and issued a $230.00 price objective on shares of Microsoft in a research note on Monday, July 20th. Finally, Sanford C. Bernstein reissued a “buy” rating and issued a $233.00 price objective on shares of Microsoft in a research note on Thursday, July 23rd. Four equities research analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $216.72.
NASDAQ MSFT opened at $208.78 on Wednesday. The company has a quick ratio of 2.49, a current ratio of 2.52 and a debt-to-equity ratio of 0.50. The firm has a market cap of $1,579.97 billion, a PE ratio of 36.31, a price-to-earnings-growth ratio of 2.33 and a beta of 0.89. The company has a 50 day moving average price of $212.36 and a 200 day moving average price of $187.59. Microsoft Co. has a 52 week low of $132.52 and a 52 week high of $232.86.
Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Wednesday, July 22nd. The software giant reported $1.46 EPS for the quarter, topping the consensus estimate of $1.34 by $0.12. The firm had revenue of $38.03 billion during the quarter, compared to analyst estimates of $36.59 billion. Microsoft had a net margin of 30.96% and a return on equity of 39.45%. On average, equities research analysts anticipate that Microsoft Co. will post 6.39 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Thursday, November 19th will be paid a dividend of $0.56 per share. This is a positive change from Microsoft’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend is Wednesday, November 18th. This represents a $2.24 dividend on an annualized basis and a yield of 1.07%. Microsoft’s dividend payout ratio is presently 35.42%.
In other news, CMO Christopher C. Capossela sold 23,000 shares of the company’s stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $210.70, for a total value of $4,846,100.00. Following the sale, the chief marketing officer now directly owns 122,943 shares of the company’s stock, valued at approximately $25,904,090.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Jean Philippe Courtois sold 15,140 shares of the company’s stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $215.00, for a total transaction of $3,255,100.00. Following the completion of the sale, the executive vice president now directly owns 560,498 shares in the company, valued at $120,507,070. The disclosure for this sale can be found here. Insiders have sold a total of 164,067 shares of company stock worth $35,247,737 in the last 90 days. 1.39% of the stock is currently owned by company insiders.
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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