Toronto Dominion Bank increased its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 4.3% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 4,059,906 shares of the software giant’s stock after purchasing an additional 168,540 shares during the quarter. Microsoft comprises about 1.0% of Toronto Dominion Bank’s investment portfolio, making the stock its 9th biggest holding. Toronto Dominion Bank’s holdings in Microsoft were worth $302,412,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised 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 period. Capital Research Global Investors raised its holdings in shares of Microsoft by 212.3% in the 2nd quarter. Capital Research Global Investors now owns 69,663,044 shares of the software giant’s stock worth $4,801,874,000 after purchasing an additional 47,353,245 shares during the period. Janus Henderson Group PLC raised 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 period. Legal & General Group Plc raised its holdings in shares of Microsoft by 1.1% in the 2nd quarter. Legal & General Group Plc now owns 37,689,022 shares of the software giant’s stock worth $2,597,786,000 after purchasing an additional 425,485 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its holdings in shares of Microsoft by 2.3% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 29,622,483 shares of the software giant’s stock worth $2,041,878,000 after purchasing an additional 657,294 shares during the period. Hedge funds and other institutional investors own 73.07% of the company’s stock.
Shares of Microsoft Co. (NASDAQ:MSFT) opened at $88.18 on Monday. Microsoft Co. has a 12 month low of $63.62 and a 12 month high of $96.07. The company has a current ratio of 2.89, a quick ratio of 2.85 and a debt-to-equity ratio of 1.01. The firm has a market capitalization of $680,270.00, a P/E ratio of 59.99, a price-to-earnings-growth ratio of 2.05 and a beta of 1.06.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Thursday, February 15th will be paid a dividend of $0.42 per share. The ex-dividend date is Wednesday, February 14th. This represents a $1.68 dividend on an annualized basis and a yield of 1.91%. Microsoft’s dividend payout ratio (DPR) is presently 114.29%.
In other Microsoft news, EVP Christopher C. Capossela sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $83.44, for a total transaction of $333,760.00. Following the completion of the sale, the executive vice president now owns 184,278 shares in the company, valued at approximately $15,376,156.32. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Frank H. Brod sold 18,000 shares of the stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $83.15, for a total value of $1,496,700.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 26,000 shares of company stock valued at $2,164,380. 1.49% of the stock is owned by insiders.
MSFT has been the topic of a number of research reports. Canaccord Genuity restated a “buy” rating and issued a $94.00 price objective (up from $86.00) on shares of Microsoft in a report on Friday, October 27th. Credit Suisse Group restated a “buy” rating and issued a $95.00 price objective on shares of Microsoft in a report on Friday, October 27th. KeyCorp restated a “buy” rating and issued a $94.00 price objective on shares of Microsoft in a report on Friday, October 27th. Stifel Nicolaus raised their price objective on Microsoft from $80.00 to $85.00 and gave the stock a “buy” rating in a report on Tuesday, October 24th. Finally, Goldman Sachs Group set a $88.00 price objective on Microsoft and gave the stock a “buy” rating in a report on Thursday, October 19th. One analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $99.14.
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Microsoft Corporation is a technology company. The Company develops, licenses, and supports a range of software products, services and devices. The Company’s segments include Productivity and Business Processes, Intelligent Cloud and More Personal Computing. The Company’s products include operating systems; cross-device productivity applications; server applications; business solution applications; desktop and server management tools; software development tools; video games, and training and certification of computer system integrators and developers.
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