AMF Pensionsforsakring AB trimmed its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 14.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,967,283 shares of the software giant’s stock after selling 816,807 shares during the period. Microsoft comprises approximately 10.4% of AMF Pensionsforsakring AB’s portfolio, making the stock its largest position. AMF Pensionsforsakring AB owned about 0.07% of Microsoft worth $1,010,892,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of MSFT. Citizens National Bank Trust Department raised its stake in shares of Microsoft by 2.7% during the second quarter. Citizens National Bank Trust Department now owns 32,332 shares of the software giant’s stock valued at $6,580,000 after acquiring an additional 853 shares during the last quarter. Canandaigua National Corp bought a new position in Microsoft in the second quarter worth about $28,720,000. Nelson Roberts Investment Advisors LLC raised its stake in Microsoft by 0.4% in the first quarter. Nelson Roberts Investment Advisors LLC now owns 108,476 shares of the software giant’s stock worth $17,108,000 after buying an additional 438 shares in the last quarter. Empowered Funds LLC bought a new position in Microsoft in the second quarter worth about $1,374,000. Finally, Roundview Capital LLC raised its stake in Microsoft by 6.5% in the first quarter. Roundview Capital LLC now owns 111,865 shares of the software giant’s stock worth $17,642,000 after buying an additional 6,860 shares in the last quarter. Institutional investors and hedge funds own 69.93% of the company’s stock.
In other Microsoft news, CMO Christopher C. Capossela sold 23,000 shares of the business’s stock in a transaction dated 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 completion of 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 filing with the SEC, which is available through this link. Also, CFO Amy Hood sold 80,000 shares of the business’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $218.14, for a total transaction of $17,451,200.00. Following the completion of the sale, the chief financial officer now directly owns 452,720 shares of the company’s stock, valued at $98,756,340.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 164,067 shares of company stock valued at $35,247,737. 1.39% of the stock is owned by corporate insiders.
Shares of NASDAQ:MSFT opened at $208.78 on Wednesday. Microsoft Co. has a 52 week low of $132.52 and a 52 week high of $232.86. The stock has a market capitalization of $1,579.97 billion, a P/E ratio of 36.31, a PEG ratio of 2.33 and a beta of 0.89. The firm has a fifty day simple moving average of $212.36 and a two-hundred day simple moving average of $187.59. The company has a quick ratio of 2.49, a current ratio of 2.52 and a debt-to-equity ratio of 0.50.
Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Wednesday, July 22nd. The software giant reported $1.46 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.12. Microsoft had a net margin of 30.96% and a return on equity of 39.45%. The firm had revenue of $38.03 billion during the quarter, compared to analysts’ expectations of $36.59 billion. On average, analysts expect that Microsoft Co. will post 6.39 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Thursday, November 19th will be paid a dividend of $0.56 per share. The ex-dividend date is Wednesday, November 18th. 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%. Microsoft’s payout ratio is currently 35.42%.
MSFT has been the subject of a number of research reports. BMO Capital Markets increased their price target on shares of Microsoft from $212.00 to $235.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 15th. They noted that the move was a valuation call. Argus increased their price target on shares of Microsoft from $200.00 to $235.00 and gave the stock a “buy” rating in a research note on Wednesday, June 24th. Bank of America reaffirmed a “buy” rating and set a $230.00 target price on shares of Microsoft in a research note on Monday, July 20th. Tigress Financial reaffirmed a “buy” rating on shares of Microsoft in a research note on Friday, July 31st. Finally, Summit Insights started coverage on shares of Microsoft in a research note on Wednesday, May 27th. They set a “buy” rating and a $220.00 target price for the company. Four analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price 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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