AMF Tjanstepension AB decreased its holdings in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 10.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,181,685 shares of the software giant’s stock after selling 484,102 shares during the period. Microsoft comprises approximately 11.5% of AMF Tjanstepension AB’s holdings, making the stock its largest holding. AMF Tjanstepension AB’s holdings in Microsoft were worth $974,164,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in Microsoft by 0.9% in the first quarter. Vanguard Group Inc. now owns 621,598,157 shares of the software giant’s stock valued at $191,644,927,000 after buying an additional 5,648,095 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Microsoft by 0.3% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 195,859,819 shares of the software giant’s stock worth $50,302,677,000 after buying an additional 556,020 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of Microsoft by 1.5% in the 2nd quarter. Legal & General Group Plc now owns 54,799,110 shares of the software giant’s stock valued at $14,074,064,000 after buying an additional 784,656 shares during the period. Massachusetts Financial Services Co. MA lifted its position in shares of Microsoft by 2.4% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 40,130,443 shares of the software giant’s stock worth $10,306,701,000 after purchasing an additional 939,396 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Microsoft by 2.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 39,863,273 shares of the software giant’s stock valued at $12,290,246,000 after acquiring an additional 766,487 shares in the last quarter. Hedge funds and other institutional investors own 69.15% of the company’s stock.
Insiders Place Their Bets
In other news, EVP Judson Althoff sold 24,144 shares of the business’s stock in a transaction that occurred on Thursday, December 1st. The stock was sold at an average price of $254.27, for a total transaction of $6,139,094.88. Following the sale, the executive vice president now directly owns 150,047 shares in the company, valued at $38,152,450.69. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.03% of the company’s stock.
Microsoft Price Performance
Microsoft (NASDAQ:MSFT – Get Rating) last posted its earnings results on Tuesday, January 24th. The software giant reported $2.32 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.02. Microsoft had a return on equity of 42.10% and a net margin of 34.37%. The company had revenue of $52.75 billion for the quarter, compared to analyst estimates of $53.17 billion. During the same period last year, the company earned $2.48 earnings per share. The business’s revenue was up 2.0% compared to the same quarter last year. As a group, sell-side analysts predict that Microsoft Co. will post 9.51 earnings per share for the current fiscal year.
Microsoft Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 9th. Stockholders of record on Wednesday, February 15th will be given a $0.68 dividend. The ex-dividend date of this dividend is Wednesday, February 15th. This represents a $2.72 annualized dividend and a dividend yield of 1.12%. Microsoft’s dividend payout ratio is 29.31%.
Wall Street Analyst Weigh In
MSFT has been the topic of several recent research reports. Cowen dropped their price objective on shares of Microsoft from $285.00 to $280.00 and set an “outperform” rating on the stock in a research note on Thursday, January 19th. Wolfe Research lowered their price target on shares of Microsoft from $340.00 to $280.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 26th. Wedbush reduced their target price on Microsoft from $320.00 to $290.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 26th. Guggenheim cut shares of Microsoft from a “neutral” rating to a “sell” rating and set a $212.00 target price for the company. in a research note on Tuesday, January 17th. Finally, Raymond James reduced their target price on Microsoft from $300.00 to $280.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 26th. One research analyst has rated the stock with a sell rating, four have given a hold rating and twenty-nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $287.79.
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates in three segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, Microsoft Viva, and Skype for Business; Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and enterprise divisions.
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