TCW Group Inc. Sells 88,792 Shares of Microsoft Co. (MSFT)

TCW Group Inc. lowered its position in shares of Microsoft Co. (NASDAQ:MSFT) by 2.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,334,334 shares of the software giant’s stock after selling 88,792 shares during the quarter. Microsoft accounts for about 2.0% of TCW Group Inc.’s holdings, making the stock its 8th largest position. TCW Group Inc.’s holdings in Microsoft were worth $248,374,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Capital Research Global Investors increased its stake in Microsoft by 212.3% in the 2nd quarter. Capital Research Global Investors now owns 69,663,044 shares of the software giant’s stock valued at $4,801,874,000 after buying an additional 47,353,245 shares during the period. Janus Henderson Group PLC increased its stake in Microsoft by 609.4% in the 2nd quarter. Janus Henderson Group PLC now owns 49,174,883 shares of the software giant’s stock valued at $3,389,625,000 after buying an additional 42,243,011 shares during the period. Vanguard Group Inc. increased its stake in Microsoft by 4.6% in the 2nd quarter. Vanguard Group Inc. now owns 564,052,011 shares of the software giant’s stock valued at $38,880,105,000 after buying an additional 25,053,413 shares during the period. Tiger Global Management LLC increased its stake in Microsoft by 395.2% in the 2nd quarter. Tiger Global Management LLC now owns 10,487,500 shares of the software giant’s stock valued at $722,903,000 after buying an additional 8,369,500 shares during the period. Finally, Parametric Portfolio Associates LLC increased its stake in Microsoft by 32.5% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 19,139,433 shares of the software giant’s stock valued at $1,319,271,000 after buying an additional 4,699,588 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

In other Microsoft news, insider Frank H. Brod sold 18,000 shares of the stock in a transaction on Monday, December 4th. The shares were sold at an average price of $83.15, for a total value of $1,496,700.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Christopher C. Capossela sold 4,000 shares of the stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $83.44, for a total transaction of $333,760.00. Following the completion of the sale, the executive vice president now directly owns 184,278 shares of the company’s stock, valued at $15,376,156.32. The disclosure for this sale can be found here. 1.49% of the stock is owned by corporate insiders.

Several research analysts have weighed in on MSFT shares. Oppenheimer upped their price objective on shares of Microsoft to $115.00 and gave the company an “outperform” rating in a research note on Tuesday, January 9th. Citigroup increased their price target on shares of Microsoft to $115.00 and gave the stock a “buy” rating in a research note on Thursday, February 1st. Evercore ISI increased their price target on shares of Microsoft from $93.00 to $106.00 and gave the stock an “outperform” rating in a research note on Friday, December 8th. UBS Group set a $105.00 price target on shares of Microsoft and gave the stock a “buy” rating in a research note on Thursday, November 9th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $88.00 price target (up previously from $85.00) on shares of Microsoft in a research note on Friday, October 27th. One research analyst has rated the stock with a sell rating, six have given a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the stock. Microsoft presently has an average rating of “Buy” and an average target price of $99.14.

Shares of Microsoft Co. (NASDAQ MSFT) opened at $90.81 on Thursday. The company has a quick ratio of 2.85, a current ratio of 2.89 and a debt-to-equity ratio of 1.01. Microsoft Co. has a 1-year low of $63.62 and a 1-year high of $96.07. The firm has a market cap of $700,560.00, a price-to-earnings ratio of 61.36, a price-to-earnings-growth ratio of 2.07 and a beta of 1.06.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Wednesday, January 31st. The software giant reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.09. Microsoft had a net margin of 11.72% and a return on equity of 35.41%. The firm had revenue of $28.92 billion during the quarter, compared to the consensus estimate of $28.42 billion. During the same period in the prior year, the firm earned $0.83 EPS. The business’s revenue was up 11.9% on a year-over-year basis. equities research analysts predict that Microsoft Co. will post 3.62 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Thursday, February 15th will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date is Wednesday, February 14th. Microsoft’s dividend payout ratio (DPR) is presently 113.51%.

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Microsoft Company Profile

Microsoft Corporation is a technology company. The Company develops, licenses, and supports a range of software products, services and devices. The Company’s segments include Productivity and Business Processes, Intelligent Cloud and More Personal Computing. The Company’s products include operating systems; cross-device productivity applications; server applications; business solution applications; desktop and server management tools; software development tools; video games, and training and certification of computer system integrators and developers.

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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