Retirement Systems of Alabama Sells 4,549 Shares of Microsoft Co. (NASDAQ:MSFT)

Retirement Systems of Alabama lessened its holdings in Microsoft Co. (NASDAQ:MSFTGet Rating) by 0.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,804,082 shares of the software giant’s stock after selling 4,549 shares during the period. Microsoft makes up 4.2% of Retirement Systems of Alabama’s investment portfolio, making the stock its 2nd largest position. Retirement Systems of Alabama’s holdings in Microsoft were worth $977,002,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of MSFT. Vanguard Group Inc. raised its holdings 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 buying an additional 5,648,095 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Microsoft by 2.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 39,863,273 shares of the software giant’s stock valued at $12,290,246,000 after buying an additional 766,487 shares during the period. Swiss National Bank raised its holdings in shares of Microsoft by 13.8% in the 1st quarter. Swiss National Bank now owns 30,893,155 shares of the software giant’s stock valued at $9,524,669,000 after buying an additional 3,757,500 shares during the period. Fisher Asset Management LLC raised its holdings in shares of Microsoft by 3.8% in the 1st quarter. Fisher Asset Management LLC now owns 27,871,939 shares of the software giant’s stock valued at $8,593,198,000 after buying an additional 1,027,207 shares during the period. Finally, Jennison Associates LLC raised its holdings in shares of Microsoft by 0.4% in the 2nd quarter. Jennison Associates LLC now owns 23,188,553 shares of the software giant’s stock valued at $5,955,516,000 after buying an additional 96,222 shares during the period. Institutional investors and hedge funds own 69.29% of the company’s stock.

Insider Transactions at Microsoft

In related news, CMO Christopher C. Capossela sold 5,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief marketing officer now directly owns 109,837 shares of the company’s stock, valued at approximately $29,244,101.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on MSFT. Wolfe Research cut their price objective on Microsoft from $340.00 to $280.00 and set an “outperform” rating on the stock in a report on Wednesday, October 26th. Cowen cut their price objective on Microsoft from $310.00 to $285.00 and set an “outperform” rating on the stock in a report on Wednesday, October 26th. Itau BBA Securities assumed coverage on Microsoft in a report on Tuesday, July 26th. They issued an “outperform” rating and a $287.00 price objective on the stock. Credit Suisse Group cut their price target on Microsoft from $400.00 to $365.00 and set an “outperform” rating on the stock in a report on Wednesday, October 26th. Finally, Wedbush cut their price target on Microsoft from $320.00 to $290.00 and set an “outperform” rating on the stock in a report on Wednesday, October 26th. Three equities research analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company. Based on data from MarketBeat.com, Microsoft has a consensus rating of “Moderate Buy” and an average target price of $300.64.

Microsoft Stock Performance

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

Microsoft (NASDAQ:MSFTGet Rating) last issued 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. The business had revenue of $50.12 billion during the quarter, compared to the consensus estimate of $49.70 billion. Microsoft had a return on equity of 42.10% and a net margin of 34.37%. The company’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period in the prior year, the business posted $2.27 EPS. On average, equities analysts forecast that Microsoft Co. will post 9.62 EPS for the current year.

Microsoft Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 8th. Stockholders of record on Thursday, November 17th will be paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.13%. This is an increase from Microsoft’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Wednesday, November 16th. Microsoft’s dividend payout ratio is 29.31%.

Microsoft Company 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.

See Also

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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