Gibraltar Capital Management Inc. reduced its holdings in Microsoft Co. (NASDAQ:MSFT) by 4.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,228 shares of the software giant’s stock after selling 2,609 shares during the quarter. Microsoft accounts for 6.8% of Gibraltar Capital Management Inc.’s holdings, making the stock its 3rd biggest position. Gibraltar Capital Management Inc.’s holdings in Microsoft were worth $6,422,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in MSFT. Vanguard Group Inc raised its holdings in shares of Microsoft by 1.6% in the 3rd quarter. Vanguard Group Inc now owns 577,877,949 shares of the software giant’s stock worth $66,091,902,000 after purchasing an additional 8,820,439 shares in the last quarter. Royal London Asset Management Ltd. acquired a new stake in shares of Microsoft during the second quarter valued at approximately $406,699,000. Morgan Stanley raised its holdings in shares of Microsoft by 4.8% during the third quarter. Morgan Stanley now owns 60,865,803 shares of the software giant’s stock valued at $6,961,221,000 after acquiring an additional 2,796,779 shares during the period. Russell Investments Group Ltd. raised its holdings in shares of Microsoft by 19.6% during the third quarter. Russell Investments Group Ltd. now owns 9,248,352 shares of the software giant’s stock valued at $1,057,849,000 after acquiring an additional 1,517,947 shares during the period. Finally, ADAMCAPITAL Gestao de Recursos Ltda. raised its holdings in shares of Microsoft by 342.8% during the third quarter. ADAMCAPITAL Gestao de Recursos Ltda. now owns 1,866,026 shares of the software giant’s stock valued at $213,417,000 after acquiring an additional 1,444,650 shares during the period. Institutional investors and hedge funds own 72.89% of the company’s stock.
MSFT stock opened at $121.05 on Tuesday. The company has a quick ratio of 3.08, a current ratio of 3.12 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $926.52 billion, a price-to-earnings ratio of 31.20, a price-to-earnings-growth ratio of 2.21 and a beta of 1.22. Microsoft Co. has a 12 month low of $90.28 and a 12 month high of $121.58.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Wednesday, May 15th will be issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 1.52%. The ex-dividend date is Wednesday, May 15th. Microsoft’s dividend payout ratio is currently 47.42%.
A number of equities research analysts have recently issued reports on the stock. Barclays boosted their price target on shares of Microsoft from $120.00 to $132.00 and gave the company an “overweight” rating in a report on Friday. ValuEngine upgraded shares of Microsoft from a “hold” rating to a “buy” rating in a report on Monday, April 1st. JPMorgan Chase & Co. boosted their price target on shares of Microsoft from $115.00 to $125.00 and gave the company an “overweight” rating in a report on Thursday, March 28th. Royal Bank of Canada boosted their price target on shares of Microsoft to $130.00 and gave the company an “outperform” rating in a report on Monday, March 25th. Finally, Credit Suisse Group restated a “buy” rating and set a $125.00 price target on shares of Microsoft in a report on Friday, March 22nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty-one have given a buy rating and two have issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $123.35.
In related news, CEO Satya Nadella sold 267,466 shares of the company’s stock in a transaction on Wednesday, February 6th. The shares were sold at an average price of $106.01, for a total transaction of $28,354,070.66. Following the completion of the sale, the chief executive officer now directly owns 1,746,854 shares of the company’s stock, valued at approximately $185,183,992.54. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Christopher C. Capossela sold 10,500 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $111.48, for a total transaction of $1,170,540.00. Following the sale, the executive vice president now directly owns 156,866 shares of the company’s stock, valued at $17,487,421.68. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 333,667 shares of company stock valued at $35,657,016. 1.38% of the stock is owned by insiders.
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Microsoft Company Profile
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.
Further Reading: Stock Symbol
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