LGT Capital Partners LTD. lifted its holdings in Microsoft Corporation (NASDAQ:MSFT) by 4.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 382,730 shares of the software giant’s stock after purchasing an additional 15,210 shares during the period. Microsoft Corporation accounts for about 2.6% of LGT Capital Partners LTD.’s investment portfolio, making the stock its 10th biggest holding. LGT Capital Partners LTD.’s holdings in Microsoft Corporation were worth $26,382,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in the stock. Investec Asset Management LTD raised its holdings in Microsoft Corporation by 43.5% in the 1st quarter. Investec Asset Management LTD now owns 9,093,270 shares of the software giant’s stock worth $598,883,000 after acquiring an additional 2,754,877 shares during the period. State Street Corp raised its holdings in Microsoft Corporation by 0.8% in the 1st quarter. State Street Corp now owns 318,681,830 shares of the software giant’s stock worth $20,988,383,000 after acquiring an additional 2,552,473 shares during the period. Steadfast Capital Management LP raised its holdings in Microsoft Corporation by 63.0% in the 1st quarter. Steadfast Capital Management LP now owns 4,006,839 shares of the software giant’s stock worth $263,890,000 after acquiring an additional 1,548,108 shares during the period. Oppenheimer Asset Management Inc. bought a new position in Microsoft Corporation in the 1st quarter worth $99,933,000. Finally, Boston Partners raised its holdings in Microsoft Corporation by 14.1% in the 1st quarter. Boston Partners now owns 11,579,231 shares of the software giant’s stock worth $762,607,000 after acquiring an additional 1,435,233 shares during the period. 73.40% of the stock is owned by institutional investors and hedge funds.
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MSFT has been the topic of several recent analyst reports. Cowen and Company reiterated an “outperform” rating and issued a $76.00 target price on shares of Microsoft Corporation in a report on Friday, June 16th. Bank of America Corporation reiterated a “buy” rating and issued a $75.00 target price on shares of Microsoft Corporation in a report on Friday, June 16th. Morgan Stanley set a $80.00 target price on shares of Microsoft Corporation and gave the stock a “buy” rating in a report on Monday, June 19th. Cleveland Research initiated coverage on shares of Microsoft Corporation in a report on Thursday, June 22nd. They issued a “buy” rating and a $80.00 target price on the stock. Finally, Morningstar, Inc. reiterated a “buy” rating on shares of Microsoft Corporation in a report on Wednesday, June 28th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-nine have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $77.44.
In other Microsoft Corporation news, insider Jean Philippe Courtois sold 26,763 shares of the company’s stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $74.00, for a total transaction of $1,980,462.00. Following the sale, the insider now directly owns 544,080 shares of the company’s stock, valued at $40,261,920. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider G Mason Morfit sold 7,000,000 shares of the company’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $72.56, for a total transaction of $507,920,000.00. The disclosure for this sale can be found here. Insiders sold a total of 7,108,526 shares of company stock worth $515,879,974 over the last three months. 2.99% of the stock is owned by insiders.
Microsoft Corporation (NASDAQ:MSFT) last issued its quarterly earnings results on Thursday, July 20th. The software giant reported $0.98 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.27. The company had revenue of $24.70 billion for the quarter, compared to the consensus estimate of $24.29 billion. Microsoft Corporation had a net margin of 23.57% and a return on equity of 36.81%. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.69 EPS.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 16th will be issued a $0.42 dividend. This is an increase from Microsoft Corporation’s previous quarterly dividend of $0.39. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date is Wednesday, November 15th. Microsoft Corporation’s payout ratio is 57.78%.
Microsoft Corporation Company Profile
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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