Bedrijfstakpensioenfonds Voor DE Media PNO reduced its position in Microsoft Co. (NASDAQ:MSFT) by 4.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 345,000 shares of the software giant’s stock after selling 15,000 shares during the period. Microsoft comprises approximately 7.5% of Bedrijfstakpensioenfonds Voor DE Media PNO’s holdings, making the stock its largest position. Bedrijfstakpensioenfonds Voor DE Media PNO’s holdings in Microsoft were worth $43,997,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. LFA Lugano Financial Advisors SA boosted its position in Microsoft by 274.5% in the second quarter. LFA Lugano Financial Advisors SA now owns 191 shares of the software giant’s stock worth $26,000 after purchasing an additional 140 shares during the last quarter. Krane Funds Advisors LLC bought a new position in shares of Microsoft in the 2nd quarter worth approximately $26,000. Selective Wealth Management Inc. purchased a new position in shares of Microsoft in the third quarter worth approximately $36,000. Atwater Malick LLC purchased a new position in shares of Microsoft in the third quarter worth approximately $37,000. Finally, AlphaOne Investment Services LLC bought a new stake in Microsoft during the second quarter valued at approximately $51,000. 71.83% of the stock is currently owned by institutional investors and hedge funds.
MSFT traded down $1.48 on Tuesday, hitting $148.07. The company had a trading volume of 9,483,559 shares, compared to its average volume of 17,994,986. The business’s fifty day simple moving average is $145.16 and its 200 day simple moving average is $137.64. The company has a quick ratio of 2.81, a current ratio of 2.85 and a debt-to-equity ratio of 0.69. Microsoft Co. has a 12-month low of $93.96 and a 12-month high of $152.50. The company has a market cap of $1,131.31 billion, a PE ratio of 31.17, a PEG ratio of 2.37 and a beta of 1.23.
Microsoft announced that its board has authorized a share repurchase program on Wednesday, September 18th that allows the company to repurchase $40.00 billion in outstanding shares. This repurchase authorization allows the software giant to buy up to 3.8% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be given a $0.51 dividend. The ex-dividend date is Wednesday, November 20th. This is an increase from Microsoft’s previous quarterly dividend of $0.46. This represents a $2.04 dividend on an annualized basis and a yield of 1.38%. Microsoft’s dividend payout ratio (DPR) is currently 42.95%.
In other news, EVP Jean Philippe Courtois sold 11,779 shares of the stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $140.00, for a total value of $1,649,060.00. Following the sale, the executive vice president now directly owns 597,727 shares in the company, valued at $83,681,780. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Kathleen T. Hogan sold 40,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $135.25, for a total value of $5,410,000.00. Following the sale, the executive vice president now directly owns 198,042 shares of the company’s stock, valued at $26,785,180.50. The disclosure for this sale can be found here. Insiders have sold 332,804 shares of company stock valued at $45,823,569 over the last ninety days. 1.39% of the stock is owned by insiders.
Several research firms have weighed in on MSFT. BidaskClub upgraded shares of Microsoft from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 13th. ValuEngine downgraded shares of Microsoft from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Evercore ISI set a $160.00 target price on Microsoft and gave the company a “buy” rating in a research report on Friday, October 18th. Morgan Stanley boosted their price target on Microsoft from $155.00 to $157.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $160.00 price target on shares of Microsoft in a research report on Monday, November 18th. One research analyst has rated the stock with a hold rating, thirty have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $159.45.
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its company's Productivity and Business Processes segment offers Office 365 commercial products and services, such as Office, Exchange, SharePoint, Skype for Business, Microsoft Teams, and related Client Access Licenses (CALs); Office 365 consumer services, including Skype, Outlook.com, and OneDrive; LinkedIn online professional network; and Dynamics business solutions comprising financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and medium businesses, large organizations, and divisions of enterprises.
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