Investors Asset Management of Georgia Inc. GA ADV lowered its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 2.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,325 shares of the software giant’s stock after selling 510 shares during the quarter. Microsoft accounts for about 1.3% of Investors Asset Management of Georgia Inc. GA ADV’s portfolio, making the stock its 14th biggest position. Investors Asset Management of Georgia Inc. GA ADV’s holdings in Microsoft were worth $1,807,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. grew its holdings in shares of Microsoft by 1.3% during the first quarter. BlackRock Inc. now owns 499,849,770 shares of the software giant’s stock worth $45,621,287,000 after buying an additional 6,488,089 shares in the last quarter. Summit Trail Advisors LLC grew its holdings in shares of Microsoft by 5,931.9% during the first quarter. Summit Trail Advisors LLC now owns 4,562,204 shares of the software giant’s stock worth $4,562,000 after buying an additional 4,486,569 shares in the last quarter. Polen Capital Management LLC grew its holdings in shares of Microsoft by 52.3% during the first quarter. Polen Capital Management LLC now owns 11,012,266 shares of the software giant’s stock worth $1,005,090,000 after buying an additional 3,781,879 shares in the last quarter. Cornerstone Wealth Management LLC grew its holdings in shares of Microsoft by 10,330.4% during the second quarter. Cornerstone Wealth Management LLC now owns 3,661,393 shares of the software giant’s stock worth $36,609,000 after buying an additional 3,626,290 shares in the last quarter. Finally, PointState Capital LP grew its holdings in shares of Microsoft by 7,456.3% during the first quarter. PointState Capital LP now owns 3,551,481 shares of the software giant’s stock worth $324,144,000 after buying an additional 3,504,481 shares in the last quarter. 71.85% of the stock is currently owned by institutional investors.
MSFT has been the subject of a number of research reports. Barclays increased their price objective on Microsoft from $117.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, September 7th. Oppenheimer set a $127.00 price target on Microsoft and gave the company a “buy” rating in a research note on Monday, October 1st. Credit Suisse Group set a $125.00 price target on Microsoft and gave the company a “buy” rating in a research note on Tuesday, October 2nd. Wells Fargo & Co restated a “buy” rating and issued a $130.00 price target on shares of Microsoft in a research note on Thursday, September 27th. Finally, Nomura set a $115.00 price target on Microsoft and gave the company a “buy” rating in a research note on Thursday, October 25th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, thirty-three have issued a buy rating and two have assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $121.88.
Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Wednesday, October 24th. The software giant reported $1.14 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.18. Microsoft had a return on equity of 39.86% and a net margin of 16.38%. The company had revenue of $29.08 billion during the quarter, compared to analysts’ expectations of $27.92 billion. During the same period last year, the firm posted $0.84 earnings per share. The business’s revenue was up 18.5% on a year-over-year basis. As a group, equities research analysts anticipate that Microsoft Co. will post 4.39 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 13th. Stockholders of record on Thursday, November 15th will be given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.65%. This is a boost from Microsoft’s previous quarterly dividend of $0.42. The ex-dividend date is Wednesday, November 14th. Microsoft’s dividend payout ratio (DPR) is presently 43.30%.
In related news, EVP Kathleen T. Hogan sold 40,000 shares of Microsoft stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $111.31, for a total transaction of $4,452,400.00. Following the completion of the sale, the executive vice president now directly owns 339,972 shares of the company’s stock, valued at approximately $37,842,283.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Satya Nadella sold 203,418 shares of Microsoft stock in a transaction that occurred on Friday, October 26th. The stock was sold at an average price of $106.68, for a total value of $21,700,632.24. Following the sale, the chief executive officer now directly owns 1,014,247 shares of the company’s stock, valued at $108,199,869.96. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 442,580 shares of company stock valued at $48,039,173. Insiders own 1.49% of the company’s stock.
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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 for businesses, 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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