PGGM Investments Has $47,477,000 Stake in Microsoft Corp. (MSFT)
PGGM Investments cut its stake in Microsoft Corp. (NASDAQ:MSFT) by 73.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 824,262 shares of the software giant’s stock after selling 2,319,092 shares during the period. PGGM Investments’ holdings in Microsoft Corp. were worth $47,477,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Euclid Advisors LLC boosted its stake in Microsoft Corp. by 24.6% in the first quarter. Euclid Advisors LLC now owns 672,938 shares of the software giant’s stock valued at $37,166,000 after buying an additional 132,695 shares during the period. First Manhattan Co. boosted its stake in Microsoft Corp. by 1.4% in the second quarter. First Manhattan Co. now owns 7,974,066 shares of the software giant’s stock valued at $408,033,000 after buying an additional 108,933 shares during the period. Berkshire Asset Management LLC PA boosted its stake in Microsoft Corp. by 8.2% in the second quarter. Berkshire Asset Management LLC PA now owns 343,893 shares of the software giant’s stock valued at $17,597,000 after buying an additional 26,037 shares during the period. Roffman Miller Associates Inc. PA boosted its stake in Microsoft Corp. by 5.8% in the second quarter. Roffman Miller Associates Inc. PA now owns 390,571 shares of the software giant’s stock valued at $19,986,000 after buying an additional 21,496 shares during the period. Finally, First National Bank of Omaha boosted its stake in Microsoft Corp. by 2.0% in the second quarter. First National Bank of Omaha now owns 468,734 shares of the software giant’s stock valued at $23,985,000 after buying an additional 9,313 shares during the period. 70.87% of the stock is currently owned by institutional investors.
Microsoft Corp. (NASDAQ:MSFT) traded up 0.097% during mid-day trading on Tuesday, hitting $60.669. The stock had a trading volume of 1,147,128 shares. The stock has a 50-day moving average price of $59.30 and a 200 day moving average price of $55.89. The firm has a market cap of $471.72 billion, a P/E ratio of 29.056 and a beta of 1.16. Microsoft Corp. has a 12-month low of $48.04 and a 12-month high of $61.37.
Microsoft Corp. (NASDAQ:MSFT) last released its quarterly earnings data on Thursday, October 20th. The software giant reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.08. Microsoft Corp. had a return on equity of 30.92% and a net margin of 19.40%. The business had revenue of $22.30 billion for the quarter, compared to the consensus estimate of $21.71 billion. During the same quarter in the prior year, the business posted $0.67 EPS. The business’s revenue for the quarter was up 3.1% on a year-over-year basis. Equities analysts anticipate that Microsoft Corp. will post $2.97 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 8th. Stockholders of record on Thursday, November 17th will be issued a $0.39 dividend. The ex-dividend date of this dividend is Tuesday, November 15th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.57%. This is an increase from Microsoft Corp.’s previous quarterly dividend of $0.36. Microsoft Corp.’s dividend payout ratio is presently 75.00%.
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A number of brokerages have recently commented on MSFT. Wunderlich upgraded shares of Microsoft Corp. from a “hold” rating to a “buy” rating and boosted their target price for the company from $60.00 to $70.00 in a report on Friday, October 21st. Cowen and Company restated an “outperform” rating and set a $64.00 target price on shares of Microsoft Corp. in a report on Thursday, October 27th. Goldman Sachs Group Inc. restated a “hold” rating and set a $57.00 target price on shares of Microsoft Corp. in a report on Monday, October 17th. restated an “outperform” rating and set a $60.00 target price on shares of Microsoft Corp. in a report on Wednesday, October 5th. Finally, Macquarie restated a “neutral” rating and set a $54.00 target price on shares of Microsoft Corp. in a report on Friday, September 23rd. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty-four have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $62.26.
In related news, EVP Christopher C. Capossela sold 18,583 shares of the company’s stock in a transaction dated Monday, November 14th. The stock was sold at an average price of $58.58, for a total value of $1,088,592.14. Following the completion of the sale, the executive vice president now directly owns 243,306 shares of the company’s stock, valued at approximately $14,252,865.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Frank H. Brod sold 5,000 shares of the company’s stock in a transaction dated Thursday, October 27th. The shares were sold at an average price of $60.53, for a total value of $302,650.00. Following the completion of the sale, the insider now directly owns 121,508 shares of the company’s stock, valued at $7,354,879.24. The disclosure for this sale can be found here. 2.99% of the stock is owned by insiders.
Microsoft Corp. Company Profile
Microsoft Corporation is a technology company. The Company develops, licenses and supports a range of software products, services and devices. Its segments are Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. Its 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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