Salient Trust Co. LTA trimmed its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 0.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 288,238 shares of the software giant’s stock after selling 690 shares during the quarter. Microsoft makes up approximately 3.7% of Salient Trust Co. LTA’s investment portfolio, making the stock its 3rd largest position. Salient Trust Co. LTA’s holdings in Microsoft were worth $32,966,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Northern Trust Corp grew its stake in shares of Microsoft by 0.3% in the 2nd quarter. Northern Trust Corp now owns 93,397,574 shares of the software giant’s stock valued at $9,209,934,000 after purchasing an additional 258,761 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in Microsoft by 12.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 31,168,526 shares of the software giant’s stock worth $3,073,529,000 after purchasing an additional 3,328,581 shares in the last quarter. Swiss National Bank boosted its position in Microsoft by 2.8% during the second quarter. Swiss National Bank now owns 24,451,870 shares of the software giant’s stock worth $2,411,199,000 after purchasing an additional 673,300 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its position in Microsoft by 6.4% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 23,297,776 shares of the software giant’s stock worth $2,297,394,000 after purchasing an additional 1,398,077 shares in the last quarter. Finally, Fisher Asset Management LLC raised its holdings in shares of Microsoft by 2.4% in the third quarter. Fisher Asset Management LLC now owns 18,769,302 shares of the software giant’s stock worth $2,146,645,000 after acquiring an additional 444,758 shares during the last quarter. 73.81% of the stock is owned by institutional investors and hedge funds.
Shares of MSFT opened at $108.22 on Friday. Microsoft Co. has a 52-week low of $87.08 and a 52-week high of $116.18. The firm has a market capitalization of $833.27 billion, a price-to-earnings ratio of 27.89, a P/E/G ratio of 1.96 and a beta of 1.17. The company has a debt-to-equity ratio of 0.82, a current ratio of 3.12 and a quick ratio of 3.08.
Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, January 30th. The software giant reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.01. The business had revenue of $32.47 billion during the quarter, compared to analysts’ expectations of $32.53 billion. Microsoft had a return on equity of 39.52% and a net margin of 28.31%. The business’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.96 EPS. On average, sell-side analysts forecast that Microsoft Co. will post 4.41 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 14th. Investors of record on Thursday, February 21st will be paid a $0.46 dividend. The ex-dividend date of this dividend is Wednesday, February 20th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.70%. Microsoft’s dividend payout ratio (DPR) is presently 47.42%.
In other news, CMO Christopher C. Capossela sold 10,000 shares of the business’s stock in a transaction on Monday, December 3rd. The stock was sold at an average price of $111.77, for a total value of $1,117,700.00. Following the completion of the transaction, the chief marketing officer now directly owns 177,931 shares of the company’s stock, valued at $19,887,347.87. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Satya Nadella sold 267,466 shares of the company’s stock in a transaction on Wednesday, February 6th. The shares were sold at an average price of $106.01, for a total value of $28,354,070.66. Following the completion of the transaction, the chief executive officer now owns 1,746,854 shares of the company’s stock, valued at $185,183,992.54. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 285,466 shares of company stock worth $30,325,771. 1.38% of the stock is owned by company insiders.
A number of equities analysts have recently weighed in on MSFT shares. Oppenheimer set a $127.00 price target on Microsoft and gave the stock a “buy” rating in a report on Monday, November 19th. Macquarie restated a “buy” rating and set a $125.00 price target on shares of Microsoft in a research note on Thursday, October 25th. Credit Suisse Group set a $125.00 price target on Microsoft and gave the stock a “buy” rating in a research note on Sunday, December 23rd. Stifel Nicolaus reaffirmed a “buy” rating and set a $120.00 price target on shares of Microsoft in a report on Thursday, October 25th. Finally, Nomura set a $115.00 price target on shares of Microsoft and gave the company a “buy” rating in a report on Thursday, October 25th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty have issued a buy rating and two have given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $122.11.
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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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