Train Babcock Advisors LLC decreased its stake in Microsoft Co. (NASDAQ:MSFT) by 27.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,785 shares of the software giant’s stock after selling 1,050 shares during the quarter. Train Babcock Advisors LLC’s holdings in Microsoft were worth $239,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Capital Research Global Investors boosted its position in Microsoft by 212.3% during the second quarter. Capital Research Global Investors now owns 69,663,044 shares of the software giant’s stock worth $4,801,874,000 after purchasing an additional 47,353,245 shares in the last quarter. Janus Henderson Group PLC boosted its position in Microsoft by 609.4% during the second quarter. Janus Henderson Group PLC now owns 49,174,883 shares of the software giant’s stock worth $3,389,625,000 after purchasing an additional 42,243,011 shares in the last quarter. Vanguard Group Inc. boosted its position in Microsoft by 4.6% during the second quarter. Vanguard Group Inc. now owns 564,052,011 shares of the software giant’s stock worth $38,880,105,000 after purchasing an additional 25,053,413 shares in the last quarter. Tiger Global Management LLC lifted its position in shares of Microsoft by 395.2% in the second quarter. Tiger Global Management LLC now owns 10,487,500 shares of the software giant’s stock valued at $722,903,000 after acquiring an additional 8,369,500 shares in the last quarter. Finally, Polen Capital Management LLC purchased a new position in shares of Microsoft in the third quarter valued at approximately $527,480,000. Hedge funds and other institutional investors own 73.81% of the company’s stock.
In other news, EVP Christopher C. Capossela sold 3,500 shares of Microsoft stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $93.00, for a total value of $325,500.00. Following the completion of the sale, the executive vice president now directly owns 171,278 shares of the company’s stock, valued at $15,928,854. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CMO Christopher C. Capossela sold 3,000 shares of Microsoft stock in a transaction on Friday, February 16th. The shares were sold at an average price of $93.30, for a total value of $279,900.00. Following the completion of the sale, the chief marketing officer now directly owns 178,278 shares of the company’s stock, valued at $16,633,337.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 10,000 shares of company stock valued at $930,900. 1.49% of the stock is owned by insiders.
Microsoft (NASDAQ:MSFT) last posted its earnings results on Wednesday, January 31st. The software giant reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.09. The company had revenue of $28.92 billion during the quarter, compared to analysts’ expectations of $28.42 billion. Microsoft had a return on equity of 35.41% and a net margin of 11.72%. The firm’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.83 earnings per share. equities analysts expect that Microsoft Co. will post 3.65 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 14th. Shareholders of record on Thursday, May 17th will be paid a dividend of $0.42 per share. The ex-dividend date is Wednesday, May 16th. This represents a $1.68 annualized dividend and a yield of 1.82%. Microsoft’s dividend payout ratio (DPR) is 115.07%.
Several equities analysts have recently weighed in on MSFT shares. Oppenheimer raised their target price on Microsoft to $115.00 and gave the company an “outperform” rating in a research report on Tuesday, January 9th. Citigroup raised their target price on Microsoft to $115.00 and gave the company a “buy” rating in a research report on Thursday, February 1st. Evercore ISI raised their target price on Microsoft from $93.00 to $106.00 and gave the company an “outperform” rating in a research report on Friday, December 8th. Goldman Sachs set a $100.00 target price on Microsoft and gave the company a “buy” rating in a research report on Tuesday, January 23rd. Finally, UBS set a $105.00 target price on Microsoft and gave the company a “buy” rating in a research report on Friday, December 8th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirty-one have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $99.41.
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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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