AMF Tjanstepension AB Reduces Stake in Microsoft Co. (NASDAQ:MSFT)

AMF Tjanstepension AB decreased its position in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 10.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,181,685 shares of the software giant’s stock after selling 484,102 shares during the period. Microsoft comprises 11.5% of AMF Tjanstepension AB’s holdings, making the stock its largest holding. AMF Tjanstepension AB owned approximately 0.06% of Microsoft worth $974,164,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Microsoft by 0.9% in the first quarter. Vanguard Group Inc. now owns 621,598,157 shares of the software giant’s stock worth $191,644,927,000 after buying an additional 5,648,095 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Microsoft by 0.3% in the second quarter. Price T Rowe Associates Inc. MD now owns 195,859,819 shares of the software giant’s stock worth $50,302,677,000 after buying an additional 556,020 shares during the period. Legal & General Group Plc increased its stake in shares of Microsoft by 1.5% in the second quarter. Legal & General Group Plc now owns 54,799,110 shares of the software giant’s stock worth $14,074,064,000 after purchasing an additional 784,656 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in Microsoft by 2.4% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 40,130,443 shares of the software giant’s stock valued at $10,306,701,000 after purchasing an additional 939,396 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in Microsoft by 2.0% during the first 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 acquiring an additional 766,487 shares in the last quarter. 69.15% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on MSFT shares. The Goldman Sachs Group set a $315.00 price objective on shares of Microsoft in a research report on Tuesday, January 17th. Wells Fargo & Company reduced their target price on shares of Microsoft from $315.00 to $300.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 26th. Cowen dropped their target price on shares of Microsoft from $285.00 to $280.00 and set an “outperform” rating on the stock in a report on Thursday, January 19th. Macquarie started coverage on Microsoft in a research report on Wednesday, November 2nd. They set a “neutral” rating and a $234.00 target price on the stock. Finally, Raymond James reduced their target price on shares of Microsoft from $300.00 to $280.00 and set an “outperform” rating for the company in a report on Wednesday, October 26th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and twenty-nine have assigned a buy rating to the company. According to data from MarketBeat.com, Microsoft currently has an average rating of “Moderate Buy” and an average target price of $287.79.

Insider Buying and Selling at Microsoft

In other news, EVP Judson Althoff sold 24,144 shares of the company’s stock in a transaction dated Thursday, December 1st. The shares were sold at an average price of $254.27, for a total value of $6,139,094.88. Following the sale, the executive vice president now owns 150,047 shares of the company’s stock, valued at approximately $38,152,450.69. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.03% of the company’s stock.

Microsoft Price Performance

Shares of NASDAQ MSFT opened at $242.04 on Wednesday. The firm’s 50-day simple moving average is $241.72 and its 200 day simple moving average is $249.53. The stock has a market cap of $1.80 trillion, a P/E ratio of 26.08, a P/E/G ratio of 2.36 and a beta of 0.94. The company has a quick ratio of 1.79, a current ratio of 1.84 and a debt-to-equity ratio of 0.26. Microsoft Co. has a fifty-two week low of $213.43 and a fifty-two week high of $315.95.

Microsoft (NASDAQ:MSFTGet Rating) last announced its earnings results on Tuesday, January 24th. The software giant reported $2.32 EPS for the quarter, beating the consensus estimate of $2.30 by $0.02. Microsoft had a return on equity of 42.10% and a net margin of 34.37%. The business had revenue of $52.75 billion during the quarter, compared to the consensus estimate of $53.17 billion. During the same period in the prior year, the business posted $2.48 earnings per share. Microsoft’s revenue was up 2.0% compared to the same quarter last year. Equities analysts expect that Microsoft Co. will post 9.51 EPS for the current year.

Microsoft Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 9th. Shareholders of record on Wednesday, February 15th will be issued a $0.68 dividend. The ex-dividend date of this dividend is Wednesday, February 15th. This represents a $2.72 annualized dividend and a yield of 1.12%. Microsoft’s dividend payout ratio (DPR) 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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