LGT Capital Partners LTD. increased its position in Microsoft Co. (NASDAQ:MSFT) by 2.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 410,400 shares of the software giant’s stock after purchasing an additional 11,640 shares during the period. Microsoft makes up 3.3% of LGT Capital Partners LTD.’s investment portfolio, making the stock its 8th largest holding. LGT Capital Partners LTD.’s holdings in Microsoft were worth $35,106,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. One Capital Management LLC lifted its stake in Microsoft by 5.0% during the 2nd quarter. One Capital Management LLC now owns 56,671 shares of the software giant’s stock valued at $3,906,000 after acquiring an additional 2,675 shares in the last quarter. Tompkins Financial Corp lifted its stake in Microsoft by 17.9% during the 3rd quarter. Tompkins Financial Corp now owns 100,261 shares of the software giant’s stock valued at $7,469,000 after acquiring an additional 15,202 shares in the last quarter. Private Wealth Partners LLC lifted its stake in Microsoft by 0.6% during the 3rd quarter. Private Wealth Partners LLC now owns 270,524 shares of the software giant’s stock valued at $20,151,000 after acquiring an additional 1,511 shares in the last quarter. Zacks Investment Management lifted its stake in Microsoft by 1.5% during the 2nd quarter. Zacks Investment Management now owns 1,257,001 shares of the software giant’s stock valued at $86,645,000 after acquiring an additional 18,438 shares in the last quarter. Finally, Crescent Grove Advisors LLC bought a new position in Microsoft during the 2nd quarter valued at $561,000. Institutional investors own 73.84% of the company’s stock.
In other Microsoft news, EVP Christopher C. Capossela sold 3,500 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $93.00, for a total value of $325,500.00. Following the completion of the transaction, the executive vice president now owns 171,278 shares in the company, valued at approximately $15,928,854. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CMO Christopher C. Capossela sold 3,000 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $93.30, for a total value of $279,900.00. Following the completion of the transaction, the chief marketing officer now owns 178,278 shares of the company’s stock, valued at approximately $16,633,337.40. The disclosure for this sale can be found here. In the last three months, insiders sold 10,000 shares of company stock valued at $930,900. 1.49% of the stock is currently owned by insiders.
Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, January 31st. The software giant reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.09. Microsoft had a return on equity of 35.41% and a net margin of 11.72%. The company had revenue of $28.92 billion during the quarter, compared to analyst estimates of $28.42 billion. During the same quarter last year, the firm posted $0.83 EPS. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. research analysts predict that Microsoft Co. will post 3.63 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 14th. Investors of record on Thursday, May 17th will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 1.78%. The ex-dividend date of this dividend is Wednesday, May 16th. Microsoft’s dividend payout ratio (DPR) is currently 50.76%.
Several equities analysts have weighed in on the company. Deutsche Bank set a $120.00 price objective on Microsoft and gave the company a “buy” rating in a research note on Monday, March 12th. UBS set a $110.00 price objective on Microsoft and gave the company a “buy” rating in a research note on Thursday, February 1st. Wells Fargo set a $105.00 price objective on Microsoft and gave the company a “buy” rating in a research note on Thursday, February 1st. Royal Bank of Canada set a $105.00 target price on Microsoft and gave the company a “buy” rating in a research report on Thursday, February 1st. Finally, Macquarie set a $95.00 target price on Microsoft and gave the company a “neutral” rating in a research report on Thursday, February 1st. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $100.14.
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Microsoft Corporation develops, licenses, and supports software products, services, and devices worldwide. The company's Productivity and Business Processes segment offers Office 365 commercial products and services for businesses, including Office, Exchange, SharePoint, Skype for Business, and related Client Access Licenses (CALs); Office 365 consumer services, such as Skype, Outlook.com, and OneDrive; Dynamics business solutions, such as financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and mid-size businesses, large organizations, and divisions of enterprises; and LinkedIn online professional network.
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