Microsoft Co. (NASDAQ:MSFT) Holdings Reduced by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC decreased its holdings in Microsoft Co. (NASDAQ:MSFT) by 29.0% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,313,958 shares of the software giant’s stock after selling 2,169,939 shares during the quarter. Microsoft accounts for approximately 5.3% of CIBC Private Wealth Group LLC’s holdings, making the stock its biggest position. CIBC Private Wealth Group LLC owned approximately 0.07% of Microsoft worth $1,081,443,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Geode Capital Management LLC boosted its holdings in Microsoft by 2.0% in the first quarter. Geode Capital Management LLC now owns 115,684,966 shares of the software giant’s stock worth $18,213,038,000 after purchasing an additional 2,283,447 shares during the last quarter. Capital International Investors increased its position in Microsoft by 3.5% during the first 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 boosted its position in Microsoft by 0.5% in the first quarter. Capital Research Global Investors now owns 93,247,848 shares of the software giant’s stock worth $14,706,128,000 after purchasing an additional 471,612 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Microsoft by 2.0% during 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 purchasing an additional 1,667,999 shares during the period. Finally, Legal & General Group Plc increased its position in shares of Microsoft by 2.8% during 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 purchasing an additional 1,251,930 shares during the last quarter. Institutional investors and hedge funds own 69.93% of the company’s stock.

Shares of NASDAQ:MSFT opened at $208.78 on Wednesday. The business’s 50-day moving average is $212.36 and its 200 day moving average is $187.59. Microsoft Co. has a 1 year low of $132.52 and a 1 year high of $232.86. The firm has a market capitalization of $1,579.97 billion, a P/E 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.

Microsoft (NASDAQ:MSFT) last announced its earnings results on Wednesday, July 22nd. The software giant reported $1.46 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.34 by $0.12. Microsoft had a return on equity of 39.45% and a net margin of 30.96%. The company had revenue of $38.03 billion for the quarter, compared to analyst estimates of $36.59 billion. On average, analysts expect that Microsoft Co. will post 6.39 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Thursday, November 19th will be given a dividend of $0.56 per share. This is a positive change from Microsoft’s previous quarterly dividend of $0.51. This represents a $2.24 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend is Wednesday, November 18th. Microsoft’s dividend payout ratio is currently 35.42%.

In other Microsoft news, EVP Jean Philippe Courtois sold 15,140 shares of Microsoft stock in a transaction that occurred 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 approximately $120,507,070. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Kathleen T. Hogan sold 30,871 shares of Microsoft stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $209.90, for a total transaction of $6,479,822.90. Following the sale, the executive vice president now owns 176 shares of the company’s stock, valued at $36,942.40. 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 over the last ninety days. 1.39% of the stock is currently owned by corporate insiders.

MSFT has been the topic of several recent research reports. Jefferies Financial Group increased their price target on shares of Microsoft from $200.00 to $240.00 and gave the stock a “buy” rating in a research report on Sunday, July 19th. Summit Insights started coverage on Microsoft in a research note on Wednesday, May 27th. They set a “buy” rating and a $220.00 price objective for the company. Oppenheimer started coverage on shares of Microsoft in a report on Monday, August 3rd. They set a “hold” rating on the stock. Barclays lifted their target price on shares of Microsoft from $204.00 to $234.00 and gave the company an “overweight” rating in a research note on Monday, July 20th. Finally, Bank of America reiterated a “buy” rating and set a $230.00 target price on shares of Microsoft in a research report on Monday, July 20th. Four research analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has issued a strong buy rating to the company. Microsoft has an average rating of “Buy” and an average price target of $216.72.

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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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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