Vision Capital Management Inc. trimmed its position in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 14.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 60,622 shares of the software giant’s stock after selling 10,364 shares during the period. Microsoft accounts for approximately 3.1% of Vision Capital Management Inc.’s portfolio, making the stock its 8th largest holding. Vision Capital Management Inc.’s holdings in Microsoft were worth $18,690,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in MSFT. Norges Bank bought a new position in shares of Microsoft in the fourth quarter worth $24,401,940,000. Allspring Global Investments Holdings LLC bought a new stake in Microsoft during the fourth quarter valued at $2,952,329,000. State Street Corp boosted its stake in Microsoft by 2.8% during the fourth quarter. State Street Corp now owns 302,541,869 shares of the software giant’s stock valued at $101,750,881,000 after buying an additional 8,108,943 shares during the period. Castleview Partners LLC bought a new stake in Microsoft during the fourth quarter valued at $11,872,000. Finally, TD Asset Management Inc. boosted its stake in Microsoft by 28.5% during the fourth quarter. TD Asset Management Inc. now owns 14,476,729 shares of the software giant’s stock valued at $4,868,814,000 after buying an additional 3,207,415 shares during the period. 69.99% of the stock is owned by institutional investors.
Analysts Set New Price Targets
MSFT has been the subject of several research analyst reports. Evercore ISI dropped their price objective on Microsoft from $370.00 to $330.00 and set an “inline” rating for the company in a research note on Wednesday, April 27th. Wells Fargo & Company dropped their price objective on Microsoft from $400.00 to $350.00 and set an “overweight” rating for the company in a research note on Monday, July 25th. Jefferies Financial Group dropped their price objective on Microsoft from $325.00 to $320.00 in a research note on Monday, June 13th. Cowen lowered their price target on Microsoft from $330.00 to $320.00 and set an “outperform” rating on the stock in a research report on Friday, July 22nd. Finally, Redburn Partners assumed coverage on Microsoft in a research report on Wednesday, June 29th. They set a “buy” rating and a $370.00 price target on the stock. One research analyst has rated the stock with a hold rating and thirty-one have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $335.72.
Microsoft Stock Performance
Microsoft (NASDAQ:MSFT – Get Rating) last issued its quarterly earnings results on Tuesday, July 26th. The software giant reported $2.23 EPS for the quarter, missing analysts’ consensus estimates of $2.29 by ($0.06). Microsoft had a return on equity of 43.31% and a net margin of 36.69%. During the same period in the prior year, the firm earned $2.17 earnings per share. Equities research analysts anticipate that Microsoft Co. will post 10.14 earnings per share for the current fiscal year.
Microsoft Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 8th. Investors of record on Thursday, August 18th will be issued a $0.62 dividend. The ex-dividend date of this dividend is Wednesday, August 17th. This represents a $2.48 dividend on an annualized basis and a yield of 0.88%. Microsoft’s payout ratio is currently 25.73%.
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, as well as related Client Access Licenses (CAL); Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and enterprise divisions.
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