Pinnacle Advisory Group Inc. lessened its holdings in Microsoft Co. (NASDAQ:MSFT) by 3.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,809 shares of the software giant’s stock after selling 653 shares during the quarter. Pinnacle Advisory Group Inc.’s holdings in Microsoft were worth $1,780,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in MSFT. Capital Research Global Investors increased its holdings 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 grew its holdings in shares of Microsoft by 609.4% in the 2nd quarter. Janus Henderson Group PLC now owns 49,174,883 shares of the software giant’s stock worth $3,389,625,000 after purchasing an additional 42,243,011 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Microsoft by 4.6% in the 2nd quarter. Vanguard Group Inc. now owns 564,052,011 shares of the software giant’s stock worth $38,880,105,000 after purchasing an additional 25,053,413 shares during the last quarter. Tiger Global Management LLC grew its holdings in shares of Microsoft by 395.2% in the 2nd quarter. Tiger Global Management LLC now owns 10,487,500 shares of the software giant’s stock worth $722,903,000 after purchasing an additional 8,369,500 shares during the last quarter. Finally, Polen Capital Management LLC bought a new stake in shares of Microsoft in the 3rd quarter worth about $527,480,000. 73.84% of the stock is currently owned by hedge funds and other institutional investors.
In related news, EVP Christopher C. Capossela sold 3,500 shares of the 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 directly owns 174,778 shares in the company, valued at approximately $16,254,354. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CMO Christopher C. Capossela sold 3,000 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $93.30, for a total value of $279,900.00. Following the sale, the chief marketing officer now directly owns 178,278 shares of the company’s stock, valued at $16,633,337.40. The disclosure for this sale can be found here. Insiders sold a total of 10,000 shares of company stock worth $930,900 over the last quarter. 1.49% of the stock is currently owned by corporate insiders.
Microsoft (NASDAQ:MSFT) last announced 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. The business had revenue of $28.92 billion for the quarter, compared to the consensus estimate of $28.42 billion. Microsoft had a net margin of 11.72% and a return on equity of 35.41%. Microsoft’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same period last year, the company posted $0.83 EPS. analysts forecast that Microsoft Co. will post 3.63 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 14th. Investors of record on Thursday, May 17th will be given a $0.42 dividend. The ex-dividend date is Wednesday, May 16th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.74%. Microsoft’s dividend payout ratio is 50.76%.
Several equities research analysts have recently weighed in on MSFT shares. Oppenheimer upped their target price on shares of Microsoft to $115.00 and gave the stock an “outperform” rating in a report on Tuesday, January 9th. Citigroup upped their target price on shares of Microsoft to $115.00 and gave the stock a “buy” rating in a report on Thursday, February 1st. Goldman Sachs set a $100.00 target price on shares of Microsoft and gave the stock a “buy” rating in a report on Tuesday, January 23rd. Royal Bank of Canada set a $100.00 target price on shares of Microsoft and gave the stock a “buy” rating in a report on Tuesday, December 26th. Finally, Deutsche Bank set a $120.00 target price on shares of Microsoft and gave the stock a “buy” rating in a report on Monday, March 12th. Two analysts have rated the stock with a sell rating, six have given a hold rating and thirty-one have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $100.19.
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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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