Microsoft Co. (NASDAQ:MSFT) is London & Capital Asset Management Ltd’s Largest Position

London & Capital Asset Management Ltd lowered its holdings in Microsoft Co. (NASDAQ:MSFT) by 14.8% in the 1st quarter, Holdings Channel.com reports. The fund owned 274,084 shares of the software giant’s stock after selling 47,629 shares during the quarter. Microsoft comprises approximately 10.2% of London & Capital Asset Management Ltd’s portfolio, making the stock its largest holding. London & Capital Asset Management Ltd’s holdings in Microsoft were worth $43,227,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. ERTS Wealth Advisors LLC raised its position in Microsoft by 0.6% in the fourth quarter. ERTS Wealth Advisors LLC now owns 9,398 shares of the software giant’s stock worth $955,000 after acquiring an additional 58 shares in the last quarter. Prentiss Smith & Co. Inc. grew its stake in Microsoft by 0.5% during the 1st quarter. Prentiss Smith & Co. Inc. now owns 11,701 shares of the software giant’s stock valued at $1,845,000 after acquiring an additional 58 shares in the last quarter. Howard Wealth Management LLC grew its holdings in shares of Microsoft by 1.3% during the 1st quarter. Howard Wealth Management LLC now owns 4,675 shares of the software giant’s stock valued at $737,000 after acquiring an additional 60 shares in the last quarter. Gs Investments Inc. increased its position in Microsoft by 0.3% in the 1st quarter. Gs Investments Inc. now owns 23,140 shares of the software giant’s stock worth $3,649,000 after purchasing an additional 60 shares during the last quarter. Finally, Brickley Wealth Management raised its position in Microsoft by 2.6% during the first quarter. Brickley Wealth Management now owns 2,327 shares of the software giant’s stock valued at $367,000 after acquiring an additional 60 shares in the last quarter. 70.71% of the stock is currently owned by institutional investors.

NASDAQ MSFT opened at $203.48 on Wednesday. The business has a fifty day moving average price of $188.28 and a two-hundred day moving average price of $171.09. The stock has a market capitalization of $1,543.08 billion, a PE ratio of 33.91, a PEG ratio of 2.47 and a beta of 0.94. Microsoft Co. has a fifty-two week low of $130.78 and a fifty-two week high of $204.40. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.90 and a quick ratio of 2.88.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Wednesday, April 29th. The software giant reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.27 by $0.13. The company had revenue of $35.02 billion for the quarter, compared to the consensus estimate of $33.70 billion. Microsoft had a net margin of 33.36% and a return on equity of 40.37%. The firm’s quarterly revenue was up 14.6% compared to the same quarter last year. During the same period last year, the company posted $1.14 EPS. As a group, sell-side analysts expect that Microsoft Co. will post 5.71 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 20th will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $2.04 annualized dividend and a yield of 1.00%. Microsoft’s dividend payout ratio is presently 42.95%.

A number of research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Microsoft from a “hold” rating to a “buy” rating and set a $195.00 target price on the stock in a research note on Wednesday, May 20th. Bank of America reaffirmed a “buy” rating and issued a $190.00 target price on shares of Microsoft in a research report on Thursday, April 30th. UBS Group upped their price objective on Microsoft from $200.00 to $207.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Argus raised their price target on Microsoft from $200.00 to $235.00 and gave the company a “buy” rating in a report on Wednesday, June 24th. Finally, BMO Capital Markets boosted their target price on shares of Microsoft from $200.00 to $212.00 and gave the stock an “outperform” rating in a research note on Thursday, April 30th. Two investment analysts have rated the stock with a hold rating and thirty-seven have assigned a buy rating to the stock. Microsoft has an average rating of “Buy” and an average target price of $196.63.

In other Microsoft news, CAO Frank H. Brod sold 3,000 shares of the company’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $176.94, for a total transaction of $530,820.00. Following the sale, the chief accounting officer now owns 57,136 shares of the company’s stock, valued at $10,109,643.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Margaret L. Johnson sold 35,000 shares of the company’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $176.08, for a total value of $6,162,800.00. Following the sale, the executive vice president now owns 50,023 shares in the company, valued at approximately $8,808,049.84. The disclosure for this sale can be found here. Insiders have sold 38,049 shares of company stock valued at $6,702,736 in the last ninety days. Insiders own 1.39% of the company’s stock.

Microsoft 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.

Featured Article: What is a resistance level?

Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Co. (NASDAQ:MSFT).

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

Receive News & Ratings for Microsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft and related companies with MarketBeat.com's FREE daily email newsletter.