Microsoft Co. (NASDAQ:MSFT) Shares Sold by LGT Group Foundation

LGT Group Foundation decreased its stake in Microsoft Co. (NASDAQ:MSFTGet Rating) by 5.0% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 1,058,030 shares of the software giant’s stock after selling 55,282 shares during the period. Microsoft makes up 8.3% of LGT Group Foundation’s investment portfolio, making the stock its biggest position. LGT Group Foundation’s holdings in Microsoft were worth $271,733,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Once Capital Management LLC increased its stake in shares of Microsoft by 6.2% in the second quarter. Once Capital Management LLC now owns 27,400 shares of the software giant’s stock valued at $7,037,000 after buying an additional 1,600 shares during the period. Janney Montgomery Scott LLC increased its stake in shares of Microsoft by 2.8% in the second quarter. Janney Montgomery Scott LLC now owns 1,997,317 shares of the software giant’s stock valued at $512,395,000 after buying an additional 54,046 shares during the period. AE Wealth Management LLC grew its stake in Microsoft by 5.8% during the second quarter. AE Wealth Management LLC now owns 723,338 shares of the software giant’s stock worth $185,775,000 after purchasing an additional 39,471 shares during the period. LGT Fund Management Co Ltd. grew its stake in Microsoft by 19.0% during the second quarter. LGT Fund Management Co Ltd. now owns 211,264 shares of the software giant’s stock worth $54,259,000 after purchasing an additional 33,703 shares during the period. Finally, Assetmark Inc. grew its stake in Microsoft by 6.0% during the second quarter. Assetmark Inc. now owns 940,784 shares of the software giant’s stock worth $241,622,000 after purchasing an additional 53,486 shares during the period. Institutional investors and hedge funds own 69.29% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Credit Suisse Group decreased their target price on Microsoft from $400.00 to $365.00 and set an “outperform” rating for the company in a research note on Wednesday, October 26th. Deutsche Bank Aktiengesellschaft decreased their target price on Microsoft from $315.00 to $275.00 and set a “buy” rating for the company in a research note on Wednesday, October 26th. Jefferies Financial Group decreased their target price on Microsoft from $275.00 to $270.00 and set a “buy” rating for the company in a research note on Wednesday, October 26th. Wolfe Research decreased their target price on Microsoft from $340.00 to $280.00 and set an “outperform” rating for the company in a research note on Wednesday, October 26th. Finally, BMO Capital Markets cut their price target on Microsoft from $295.00 to $270.00 and set an “outperform” rating on the stock in a report on Wednesday, October 26th. Three research analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $300.64.

Insiders Place Their Bets

In other Microsoft news, CMO Christopher C. Capossela sold 5,000 shares of the firm’s stock in a transaction on Monday, September 12th. The stock was sold at an average price of $266.25, for a total value of $1,331,250.00. Following the completion of the sale, the chief marketing officer now directly owns 109,837 shares of the company’s stock, valued at $29,244,101.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.03% of the company’s stock.

Microsoft Stock Performance

Shares of MSFT opened at $241.22 on Friday. The company has a current ratio of 1.84, a quick ratio of 1.79 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $1.80 trillion, a price-to-earnings ratio of 25.99, a PEG ratio of 2.33 and a beta of 0.92. The stock has a 50 day moving average of $237.85 and a 200 day moving average of $256.37. Microsoft Co. has a 12 month low of $213.43 and a 12 month high of $349.67.

Microsoft (NASDAQ:MSFTGet Rating) last released its earnings results on Tuesday, October 25th. The software giant reported $2.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.30 by $0.05. Microsoft had a return on equity of 42.10% and a net margin of 34.37%. The business had revenue of $50.12 billion during the quarter, compared to the consensus estimate of $49.70 billion. During the same period last year, the business posted $2.27 earnings per share. The business’s revenue for the quarter was up 10.6% on a year-over-year basis. As a group, sell-side analysts forecast that Microsoft Co. will post 9.62 earnings per share for the current year.

Microsoft Increases Dividend

The company 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 is an increase from Microsoft’s previous quarterly dividend of $0.62. This represents a $2.72 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date is Wednesday, November 16th. Microsoft’s dividend payout ratio (DPR) is currently 29.31%.

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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