Microsoft Co. (NASDAQ:MSFT) Shares Sold by Stonnington Group LLC

Stonnington Group LLC reduced its position in Microsoft Co. (NASDAQ:MSFTGet Rating) by 8.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,912 shares of the software giant’s stock after selling 3,383 shares during the period. Microsoft comprises about 2.6% of Stonnington Group LLC’s portfolio, making the stock its 5th biggest holding. Stonnington Group LLC’s holdings in Microsoft were worth $9,907,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Microsoft by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 621,598,157 shares of the software giant’s stock valued at $191,644,927,000 after purchasing an additional 5,648,095 shares during the period. State Street Corp lifted its stake in shares of Microsoft by 2.8% in the 4th quarter. State Street Corp now owns 302,541,869 shares of the software giant’s stock valued at $101,750,881,000 after purchasing an additional 8,108,943 shares during the period. Geode Capital Management LLC lifted its stake in shares of Microsoft by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 129,107,118 shares of the software giant’s stock valued at $43,313,705,000 after purchasing an additional 3,027,306 shares during the period. Norges Bank acquired a new position in shares of Microsoft in the 4th quarter valued at $24,401,940,000. Finally, Nuveen Asset Management LLC lifted its stake in shares of Microsoft by 1.0% in the 4th quarter. Nuveen Asset Management LLC now owns 57,181,533 shares of the software giant’s stock valued at $19,231,292,000 after purchasing an additional 584,273 shares during the period. 69.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on MSFT shares. Wolfe Research cut their price target on shares of Microsoft from $320.00 to $275.00 and set an “outperform” rating for the company in a report on Friday, July 29th. Piper Sandler cut their price target on shares of Microsoft from $352.00 to $312.00 and set an “overweight” rating for the company in a report on Friday, July 8th. JPMorgan Chase & Co. set a $320.00 price target on shares of Microsoft in a report on Thursday, June 9th. Itau BBA Securities started coverage on shares of Microsoft in a report on Tuesday, July 26th. They issued an “outperform” rating and a $287.00 price target for the company. Finally, Rosenblatt Securities cut their price target on shares of Microsoft from $349.00 to $330.00 and set a “buy” rating for the company in a report on Tuesday, July 26th. Two investment analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $334.31.

Insider Buying and Selling at Microsoft

In other news, CMO Christopher C. Capossela sold 5,000 shares of the stock in a transaction dated Monday, September 12th. The shares were sold at an average price of $266.25, for a total transaction of $1,331,250.00. Following the sale, the chief marketing officer now owns 109,837 shares of the company’s stock, valued at $29,244,101.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.05% of the stock is currently owned by corporate insiders.

Microsoft Trading Down 0.8 %

NASDAQ MSFT opened at $242.45 on Wednesday. The firm’s 50-day moving average is $268.41 and its two-hundred day moving average is $273.37. Microsoft Co. has a 12 month low of $239.64 and a 12 month high of $349.67. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.78 and a quick ratio of 1.75. The stock has a market capitalization of $1.81 trillion, a P/E ratio of 25.15, a PEG ratio of 2.06 and a beta of 0.94.

Microsoft (NASDAQ:MSFTGet Rating) last posted its 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 net margin of 36.69% and a return on equity of 43.31%. During the same quarter last year, the firm posted $2.17 earnings per share. On average, sell-side analysts anticipate that Microsoft Co. will post 10.15 earnings per share for the current year.

Microsoft Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 8th. Shareholders of record on Thursday, November 17th will be given a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 1.12%. This is a boost from Microsoft’s previous quarterly dividend of $0.62. Microsoft’s dividend payout ratio is presently 25.73%.

Microsoft Profile

(Get Rating)

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates in three segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, Microsoft Viva, and Skype for Business; 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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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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