American National Registered Investment Advisor Inc. lowered its stake in shares of Microsoft Corporation (NASDAQ:MSFT) by 0.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 76,896 shares of the software giant’s stock after selling 100 shares during the period. Microsoft Corporation comprises 2.2% of American National Registered Investment Advisor Inc.’s portfolio, making the stock its 2nd largest position. American National Registered Investment Advisor Inc.’s holdings in Microsoft Corporation were worth $5,300,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in the stock. Norges Bank bought a new stake in shares of Microsoft Corporation during the fourth quarter valued at about $4,334,099,000. Dodge & Cox bought a new stake in shares of Microsoft Corporation during the fourth quarter valued at about $2,658,504,000. FMR LLC raised its stake in shares of Microsoft Corporation by 11.0% in the fourth quarter. FMR LLC now owns 177,344,854 shares of the software giant’s stock valued at $11,020,210,000 after buying an additional 17,606,133 shares during the period. Asset Management One Co. Ltd. raised its stake in shares of Microsoft Corporation by 791.3% in the fourth quarter. Asset Management One Co. Ltd. now owns 13,263,687 shares of the software giant’s stock valued at $825,108,000 after buying an additional 11,775,547 shares during the period. Finally, Viking Global Investors LP raised its stake in shares of Microsoft Corporation by 60.6% in the fourth quarter. Viking Global Investors LP now owns 21,950,056 shares of the software giant’s stock valued at $1,363,976,000 after buying an additional 8,282,782 shares during the period. 72.64% of the stock is currently owned by institutional investors.
Shares of Microsoft Corporation (NASDAQ MSFT) traded up 0.12% during trading on Friday, reaching $72.49. 18,761,491 shares of the company’s stock were exchanged. The firm has a market cap of $558.34 billion, a price-to-earnings ratio of 26.75 and a beta of 1.01. The stock has a 50-day moving average price of $72.16 and a 200 day moving average price of $68.26. Microsoft Corporation has a 12 month low of $55.61 and a 12 month high of $74.42.
Microsoft Corporation (NASDAQ:MSFT) last released its quarterly earnings results on Thursday, July 20th. The software giant reported $0.98 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.27. The business had revenue of $24.70 billion during the quarter, compared to the consensus estimate of $24.29 billion. Microsoft Corporation had a return on equity of 36.81% and a net margin of 23.57%. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.69 EPS. On average, analysts forecast that Microsoft Corporation will post $3.21 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Thursday, August 17th will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Tuesday, August 15th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.15%. Microsoft Corporation’s dividend payout ratio is currently 57.78%.
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MSFT has been the topic of several research reports. Royal Bank Of Canada set a $77.00 price target on shares of Microsoft Corporation and gave the company a “buy” rating in a report on Monday, July 10th. Zacks Investment Research lowered shares of Microsoft Corporation from a “strong-buy” rating to a “hold” rating in a report on Monday, July 24th. Raymond James Financial, Inc. reaffirmed a “strong-buy” rating and set a $77.00 price target (up from $73.00) on shares of Microsoft Corporation in a report on Monday, May 1st. Pacific Crest reissued a “buy” rating and set a $78.00 target price (up from $70.00) on shares of Microsoft Corporation in a report on Friday, April 28th. Finally, Vetr raised shares of Microsoft Corporation from a “hold” rating to a “buy” rating and set a $70.87 target price on the stock in a report on Wednesday, May 17th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty-nine have issued a buy rating to the company’s stock. Microsoft Corporation currently has a consensus rating of “Buy” and an average target price of $76.26.
In related news, insider Jean Philippe Courtois sold 26,165 shares of the business’s stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $69.00, for a total transaction of $1,805,385.00. Following the completion of the transaction, the insider now directly owns 570,843 shares in the company, valued at approximately $39,388,167. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider G Mason Morfit sold 7,000,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $72.56, for a total value of $507,920,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,057,855 shares of company stock valued at $512,044,578. Corporate insiders own 2.99% of the company’s stock.
About Microsoft Corporation
Microsoft Corporation is a technology company. The Company develops, licenses, and supports a range of software products, services and devices. The Company’s segments include Productivity and Business Processes, Intelligent Cloud and More Personal Computing. The Company’s products include operating systems; cross-device productivity applications; server applications; business solution applications; desktop and server management tools; software development tools; video games, and training and certification of computer system integrators and developers.
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