Salient Trust Co. LTA cut its holdings in shares of Microsoft Co. (NASDAQ: MSFT) by 0.2% in the third quarter, according to the company in its most recent 13F filings with the Securities and Exchange Commission (SEC). The company owned 288,238 shares of the software giant's stock after selling 690 shares during the quarter. Microsoft accounts for around 3.7% of Salient Trust Co. LTA's investment portfolio, making this warehouse its third largest position. The holdings of Salient Trust Co. LTA in Microsoft were worth $ 32,966,000 from the most recent SEC filing.
Other hedge funds have also made changes to their positions within the company. Northern Trust Corp. grew its stake in Microsoft shares by 0.3% in the second quarter. Northern Trust Corp currently owns 93,397,574 shares of the software giant's stock worth $ 9,209,934,000 after the purchase of an additional 258,761 shares in the last quarter. Massachusetts Financial Services Co. MA strengthened its position at Microsoft by 12.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 31,168,526 software giant shares worth $ 3,073,529,000 after the purchase of an additional 3,288,581 shares in the last quarter. The Swiss National Bank strengthened its position at Microsoft by 2.8% during the second quarter. The Swiss National Bank now owns 24,451,870 shares of the software giant worth $ 2,411,199,000 after purchasing an additional 673,300 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. strengthened its position at Microsoft by 6.4% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 23,297,776 shares of the software giant valued at $ 2,297,394,000 after the purchase of an additional 1,398,077 shares in the last quarter. Finally, Fisher Asset Management LLC increased its holdings in Microsoft shares by 2.4% in the third quarter. Fisher Asset Management LLC now owns 18,769,302 shares of the software giant worth $ 2,146,645,000 after acquiring an additional 444,758 shares in the last quarter. 73.81% of the capital is owned by institutional investors and hedge funds.
MSFT shares were open for $ 108.22 on Friday. Microsoft Co. has a minimum of 52 weeks of $ 87.08 and a maximum of 52 weeks of $ 116.18. The company has a market capitalization of $ 833.27 billion, a price / earnings ratio of 27.89, a P / E / G ratio of 1.96 and a beta of 1.17. The company has a debt / equity ratio of 0.82, a current ratio of 3.12 and a rapid ratio of 3.08.
Microsoft (NASDAQ: MSFT) announced its quarterly earnings data on Wednesday, January 30th. The software giant posted a profit of $ 1.10 per share (EPS) for the quarter, exceeding the consensus estimate of $ 1.09 of $ 0.01. The company recorded revenue of $ 32.47 billion in the quarter, compared to analysts' expectations of $ 32.53 billion. Microsoft achieved a return on equity of 39.52% and a net margin of 28.31%. The quarterly revenues of the business grew by 12.3% compared to the same quarter last year. During the same quarter last year, the company released $ 0.96 EPS. On average, sell-side analysts expect Microsoft Co. to send 4.41 EPS for the current fiscal year.
The company has also recently declared a quarterly dividend, which will be paid on Thursday, March 14th. Investors registered on Thursday 21 February will receive a dividend of $ 0.46. The dividend coupon date of this dividend is Wednesday 20 February. This represents a dividend of $ 1.84 on an annual basis and a dividend yield of 1.70%. The Microsoft dividend distribution rate (DPR) is currently 47.42%.
In other news, CMO Christopher C. Capossela sold 10,000 shares of the company in a transaction on Monday 3 December. The stock was sold at an average price of $ 111.77, for a total value of $ 1,117,700.00. Following completion of the transaction, the marketing manager now directly owns 177,931 company shares, worth $ 19,887,347.87. The transaction was disclosed in a legal file with the SEC, which is accessible via this hyperlink. In addition, CEO Satya Nadella sold 267,466 shares of the company in a transaction on Wednesday 6 February. The shares were sold at an average price of $ 106.01, for a total value of $ 28.354,070.66. Following the completion of the transaction, the CEO now owns 1,746,854 shares of the company, worth $ 185,183,992.54. The disclosure for this sale can be found here. In the last quarter, insiders sold 285,466 company shares worth $ 30,325,771. 1.38% of the shares are owned by employees of the companies.
A number of equity analysts have recently weighed on MSFT shares. Oppenheimer set a price target of $ 127.00 on Microsoft and gave the quote a "buy" in a report on Monday, November 19th. Macquarie reiterated a "buy" rating and set a price target of $ 125.00 on Microsoft's shares in a research note on Thursday, October 25th. The Credit Suisse Group set a $ 125.00 price target on Microsoft and awarded the title a "buy" score on a research note on Sunday, December 23rd. Stifel Nicolaus reiterated a "buy" rating and set a price target of $ 120.00 on Microsoft's shares in a report on Thursday 25 October. Finally, Nomura set a price target of $ 115.00 on Microsoft's shares and gave the company a "buy" rating in a report on Thursday, October 25th. One research analyst assessed the stock with a sales rating, two assigned a holding rating, thirty issued a purchase rating and two gave a strong purchase rating to the company. The company currently has a "Buy" consensus rating and a consensus price target of $ 122.11.
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Microsoft Corporation develops, licenses and supports software, services, devices and solutions worldwide. The Company's Productivity and Business Processes segment offers Office 365 products and services for companies such as Office, Exchange, SharePoint, Skype for Business, Microsoft Teams and related CAL (Client Access License) licenses; Office 365 consumer services, including Skype, Outlook.com and OneDrive; LinkedIn professional online network; and Dynamics business solutions including financial management, corporate resource planning, customer relationship management, supply chain management and analytical applications for small and medium-sized businesses, large organizations and business divisions.
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