Global Retirement Partners LLC Sells 4,097 Shares of Microsoft Co. (NASDAQ:MSFT)
Global Retirement Partners LLC cut its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 6.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 62,067 shares of the software giant’s stock after selling 4,097 shares during the period. Microsoft makes up about 1.7% of Global Retirement Partners LLC’s portfolio, making the stock its 7th largest holding. Global Retirement Partners LLC’s holdings in Microsoft were worth $13,805,000 at the end of the most recent quarter.
Several other large investors have also bought and sold shares of MSFT. UBS Asset Management Americas Inc. grew its position in shares of Microsoft by 33.0% during the 3rd quarter. UBS Asset Management Americas Inc. now owns 53,535,518 shares of the software giant’s stock valued at $11,260,125,000 after acquiring an additional 13,273,020 shares during the period. APG Asset Management N.V. grew its position in shares of Microsoft by 40.2% during the 2nd quarter. APG Asset Management N.V. now owns 13,477,185 shares of the software giant’s stock valued at $2,442,009,000 after acquiring an additional 3,863,058 shares during the period. CIBC Private Wealth Group LLC grew its position in shares of Microsoft by 49.1% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 7,924,225 shares of the software giant’s stock valued at $1,666,334,000 after acquiring an additional 2,610,267 shares during the period. Massachusetts Financial Services Co. MA grew its position in shares of Microsoft by 6.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 40,937,785 shares of the software giant’s stock valued at $8,610,443,000 after acquiring an additional 2,427,846 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in Microsoft by 13.2% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 15,327,630 shares of the software giant’s stock worth $3,223,860,000 after buying an additional 1,792,926 shares during the last quarter. Hedge funds and other institutional investors own 63.89% of the company’s stock.
MSFT has been the topic of several research analyst reports. Tigress Financial reiterated a “buy” rating on shares of Microsoft in a report on Sunday, November 1st. Smith Barney Citigroup upgraded Microsoft from a “neutral” rating to a “buy” rating in a report on Monday, December 21st. Deutsche Bank Aktiengesellschaft lifted their price objective on Microsoft from $245.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, October 29th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upgraded Microsoft from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $229.00 to $272.00 in a report on Monday, December 21st. Finally, Jefferies Financial Group set a $260.00 price objective on Microsoft and gave the stock a “buy” rating in a report on Wednesday, October 28th. One research analyst has rated the stock with a sell rating, two have given a hold rating, thirty-two have issued a buy rating and two have issued a strong buy rating to the company. Microsoft has an average rating of “Buy” and a consensus price target of $236.71.
Microsoft (NASDAQ:MSFT) last announced its earnings results on Tuesday, October 27th. The software giant reported $1.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.53 by $0.29. The company had revenue of $37.15 billion for the quarter, compared to analyst estimates of $35.67 billion. Microsoft had a return on equity of 40.74% and a net margin of 32.28%. Equities research analysts predict that Microsoft Co. will post 6.73 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 11th. Shareholders of record on Thursday, February 18th will be given a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date of this dividend is Wednesday, February 17th. Microsoft’s payout ratio is 38.89%.
In other Microsoft news, EVP Kathleen T. Hogan sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 9th. The stock was sold at an average price of $212.43, for a total value of $6,372,900.00. Following the sale, the executive vice president now owns 189,064 shares of the company’s stock, valued at $40,162,865.52. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President Bradford L. Smith sold 200,000 shares of the business’s stock in a transaction that occurred on Thursday, November 5th. The shares were sold at an average price of $222.58, for a total value of $44,516,000.00. Following the completion of the sale, the president now directly owns 778,439 shares in the company, valued at approximately $173,264,952.62. The disclosure for this sale can be found here. In the last three months, insiders sold 334,500 shares of company stock worth $74,142,240. 0.05% of the stock is owned by corporate insiders.
Microsoft Company Profile
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, as well as related Client Access Licenses (CAL); Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for small and medium businesses, large organizations, and divisions of enterprises.
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