Mcmillion Capital Management Inc. trimmed its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 1.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 101,179 shares of the software giant’s stock after selling 1,530 shares during the period. Microsoft comprises approximately 5.0% of Mcmillion Capital Management Inc.’s portfolio, making the stock its 2nd largest position. Mcmillion Capital Management Inc.’s holdings in Microsoft were worth $7,537,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Capital Research Global Investors raised its stake in shares of Microsoft by 212.3% during the second quarter. Capital Research Global Investors now owns 69,663,044 shares of the software giant’s stock valued at $4,801,874,000 after acquiring an additional 47,353,245 shares during the last quarter. Janus Henderson Group PLC raised its stake in shares of Microsoft by 609.4% during the second quarter. Janus Henderson Group PLC now owns 49,174,883 shares of the software giant’s stock valued at $3,389,625,000 after acquiring an additional 42,243,011 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Microsoft by 4.6% during the second quarter. Vanguard Group Inc. now owns 564,052,011 shares of the software giant’s stock valued at $38,880,105,000 after acquiring an additional 25,053,413 shares during the last quarter. Tiger Global Management LLC raised its stake in shares of Microsoft by 395.2% during the second quarter. Tiger Global Management LLC now owns 10,487,500 shares of the software giant’s stock valued at $722,903,000 after acquiring an additional 8,369,500 shares during the last quarter. Finally, Polen Capital Management LLC bought a new position in shares of Microsoft during the third quarter valued at about $527,480,000. Institutional investors and hedge funds own 73.88% of the company’s stock.
In related news, EVP Christopher C. Capossela sold 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $93.00, for a total value of $325,500.00. Following the sale, the executive vice president now owns 174,778 shares in the company, valued at $16,254,354. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CMO Christopher C. Capossela sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $93.30, for a total transaction of $279,900.00. Following the completion of the sale, the chief marketing officer now owns 178,278 shares in the company, valued at approximately $16,633,337.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 10,000 shares of company stock worth $930,900. Corporate insiders own 1.49% of the company’s stock.
Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Wednesday, January 31st. The software giant reported $0.96 EPS for the quarter, beating the Zacks’ consensus estimate 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 for the quarter, compared to analysts’ expectations of $28.42 billion. During the same quarter in the prior year, the company posted $0.83 earnings per share. The business’s revenue for the quarter was up 11.9% on a year-over-year basis. sell-side analysts forecast that Microsoft Co. will post 3.65 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 14th. Stockholders of record on Thursday, May 17th will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date is Wednesday, May 16th. Microsoft’s payout ratio is 51.53%.
A number of research firms recently issued reports on MSFT. Vetr raised shares of Microsoft from a “hold” rating to a “buy” rating and set a $100.04 price target for the company in a research note on Tuesday. Deutsche Bank set a $120.00 price target on shares of Microsoft and gave the stock a “buy” rating in a research note on Monday, March 12th. Zacks Investment Research downgraded shares of Microsoft from a “buy” rating to a “hold” rating in a research note on Tuesday, March 6th. Tigress Financial reissued a “buy” rating on shares of Microsoft in a research note on Wednesday, February 14th. Finally, Argus increased their price target on shares of Microsoft from $95.00 to $107.00 and gave the stock a “buy” rating in a research note on Tuesday, February 6th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and thirty-one have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $99.41.
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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.
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