Altimeter Capital Management LP Has $617.75 Million Position in Microsoft Corporation $MSFT

Altimeter Capital Management LP grew its stake in shares of Microsoft Corporation (NASDAQ:MSFTFree Report) by 9.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 1,277,352 shares of the software giant’s stock after acquiring an additional 115,260 shares during the quarter. Microsoft comprises about 9.3% of Altimeter Capital Management LP’s portfolio, making the stock its 3rd biggest holding. Altimeter Capital Management LP’s holdings in Microsoft were worth $617,753,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of MSFT. Longfellow Investment Management Co. LLC raised its position in Microsoft by 51.3% in the second quarter. Longfellow Investment Management Co. LLC now owns 59 shares of the software giant’s stock valued at $29,000 after purchasing an additional 20 shares during the last quarter. Bernzott Capital Advisors bought a new stake in shares of Microsoft during the 4th quarter valued at about $34,000. Timmons Wealth Management LLC bought a new stake in shares of Microsoft during the 4th quarter valued at about $36,000. Fairway Wealth LLC boosted its position in shares of Microsoft by 287.0% during the 4th quarter. Fairway Wealth LLC now owns 89 shares of the software giant’s stock valued at $43,000 after purchasing an additional 66 shares in the last quarter. Finally, University of Illinois Foundation bought a new position in Microsoft in the second quarter worth approximately $50,000. Institutional investors and hedge funds own 71.13% of the company’s stock.

Analyst Ratings Changes

MSFT has been the topic of a number of recent research reports. Citigroup initiated coverage on Microsoft in a report on Monday, June 1st. They issued a “market outperform” rating on the stock. TD Cowen reaffirmed a “buy” rating and issued a $540.00 price target on shares of Microsoft in a report on Thursday, June 4th. Rothschild & Co Redburn cut their price target on Microsoft from $450.00 to $400.00 and set a “neutral” rating for the company in a report on Thursday, April 23rd. China Renaissance dropped their price objective on Microsoft from $630.00 to $550.00 and set a “buy” rating for the company in a research note on Monday, May 4th. Finally, William Blair reaffirmed an “outperform” rating on shares of Microsoft in a research note on Monday, March 9th. Forty-one analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Microsoft presently has a consensus rating of “Moderate Buy” and a consensus price target of $561.20.

View Our Latest Stock Analysis on Microsoft

Microsoft News Summary

Here are the key news stories impacting Microsoft this week:

Microsoft Trading Down 3.8%

Shares of MSFT stock opened at $378.91 on Thursday. The company has a quick ratio of 1.27, a current ratio of 1.28 and a debt-to-equity ratio of 0.08. The business has a 50-day moving average price of $412.13 and a two-hundred day moving average price of $426.70. Microsoft Corporation has a 12-month low of $356.28 and a 12-month high of $555.45. The firm has a market cap of $2.81 trillion, a P/E ratio of 22.55, a price-to-earnings-growth ratio of 1.42 and a beta of 1.11.

Microsoft (NASDAQ:MSFTGet Free Report) last released its quarterly earnings data on Wednesday, April 29th. The software giant reported $4.27 EPS for the quarter, topping the consensus estimate of $4.06 by $0.21. The firm had revenue of $82.89 billion for the quarter, compared to the consensus estimate of $81.44 billion. Microsoft had a return on equity of 31.94% and a net margin of 39.34%.The company’s quarterly revenue was up 18.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.46 earnings per share. Equities analysts anticipate that Microsoft Corporation will post 16.76 EPS for the current fiscal year.

Microsoft Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 20th will be issued a $0.91 dividend. The ex-dividend date is Thursday, August 20th. This represents a $3.64 annualized dividend and a dividend yield of 1.0%. Microsoft’s payout ratio is currently 21.67%.

Insider Transactions at Microsoft

In other news, EVP Takeshi Numoto sold 4,500 shares of Microsoft stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $402.84, for a total value of $1,812,780.00. Following the transaction, the executive vice president owned 47,468 shares in the company, valued at approximately $19,122,009.12. The trade was a 8.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Amy Coleman sold 1,262 shares of Microsoft stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $411.34, for a total value of $519,111.08. Following the completion of the transaction, the executive vice president owned 46,003 shares in the company, valued at approximately $18,922,874.02. This represents a 2.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 23,762 shares of company stock worth $10,508,361. Company insiders own 0.03% of the company’s stock.

About Microsoft

(Free Report)

Microsoft Corporation is a global technology company headquartered in Redmond, Washington. Founded in 1975 by Bill Gates and Paul Allen, Microsoft develops, licenses and supports a broad range of software products, services and devices for consumers, enterprises and governments worldwide. Its operations span personal computing, productivity software, cloud infrastructure, enterprise applications, developer tools and gaming.

Microsoft’s product portfolio includes the Windows operating system and the Microsoft 365 suite of productivity and collaboration tools (Office apps, Outlook, Teams).

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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