Microsoft Corporation (MSFT) Shares Sold by Cigna Investments Inc. New

Cigna Investments Inc. New lessened its stake in Microsoft Corporation (NASDAQ:MSFT) by 3.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 336,442 shares of the software giant’s stock after selling 12,524 shares during the quarter. Microsoft Corporation makes up approximately 1.6% of Cigna Investments Inc. New’s holdings, making the stock its 3rd biggest holding. Cigna Investments Inc. New’s holdings in Microsoft Corporation were worth $23,191,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. New Capital Management LP grew its position in shares of Microsoft Corporation by 0.5% during the 1st quarter. New Capital Management LP now owns 4,305 shares of the software giant’s stock valued at $284,000 after buying an additional 22 shares during the last quarter. Nottingham Advisors Inc. grew its position in shares of Microsoft Corporation by 0.4% during the 2nd quarter. Nottingham Advisors Inc. now owns 5,399 shares of the software giant’s stock valued at $372,000 after buying an additional 22 shares during the last quarter. American Economic Planning Group Inc. ADV grew its position in shares of Microsoft Corporation by 0.5% during the 2nd quarter. American Economic Planning Group Inc. ADV now owns 4,939 shares of the software giant’s stock valued at $340,000 after buying an additional 23 shares during the last quarter. Appropriate Balance Financial Services Inc. grew its position in shares of Microsoft Corporation by 4.7% during the 2nd quarter. Appropriate Balance Financial Services Inc. now owns 643 shares of the software giant’s stock valued at $9,331,000 after buying an additional 29 shares during the last quarter. Finally, Bank of Stockton grew its position in Microsoft Corporation by 0.3% in the 2nd quarter. Bank of Stockton now owns 13,396 shares of the software giant’s stock worth $922,000 after purchasing an additional 36 shares during the last quarter. Institutional investors and hedge funds own 73.14% of the company’s stock.

Shares of Microsoft Corporation (NASDAQ:MSFT) opened at $82.40 on Monday. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.12 and a quick ratio of 3.06. The firm has a market cap of $635,682.25, a PE ratio of 24.38, a price-to-earnings-growth ratio of 1.92 and a beta of 1.01. Microsoft Corporation has a 1 year low of $58.80 and a 1 year high of $86.20.

Microsoft Corporation (NASDAQ:MSFT) last posted its quarterly earnings data on Thursday, October 26th. The software giant reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.12. The firm had revenue of $24.50 billion during the quarter, compared to analysts’ expectations of $23.57 billion. Microsoft Corporation had a net margin of 24.56% and a return on equity of 35.23%. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.76 EPS. equities research analysts forecast that Microsoft Corporation will post 3.38 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 16th will be given a dividend of $0.42 per share. This is a boost from Microsoft Corporation’s previous quarterly dividend of $0.39. The ex-dividend date is Wednesday, November 15th. This represents a $1.68 annualized dividend and a dividend yield of 2.04%. Microsoft Corporation’s payout ratio is currently 57.14%.

MSFT has been the subject of several recent analyst reports. MKM Partners restated a “neutral” rating and issued a $70.00 target price (up previously from $66.00) on shares of Microsoft Corporation in a research report on Sunday, July 23rd. Stifel Nicolaus set a $80.00 target price on shares of Microsoft Corporation and gave the stock a “buy” rating in a research report on Monday, July 24th. Jefferies Group LLC set a $49.00 target price on shares of Microsoft Corporation and gave the stock a “sell” rating in a research report on Monday, July 24th. J P Morgan Chase & Co set a $68.00 target price on shares of Microsoft Corporation and gave the stock a “neutral” rating in a research report on Monday, July 24th. Finally, Zacks Investment Research cut shares of Microsoft Corporation from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 24th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirty have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $84.21.

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In related news, insider Jean Philippe Courtois sold 26,763 shares of Microsoft Corporation stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $74.00, for a total transaction of $1,980,462.00. Following the transaction, the insider now owns 537,519 shares of the company’s stock, valued at approximately $39,776,406. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Amy Hood sold 55,000 shares of Microsoft Corporation stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $72.71, for a total transaction of $3,999,050.00. Following the transaction, the chief financial officer now directly owns 510,217 shares in the company, valued at approximately $37,097,878.07. The disclosure for this sale can be found here. In the last quarter, insiders have sold 104,763 shares of company stock valued at $7,908,472. 1.49% of the stock is owned by corporate insiders.

About Microsoft Corporation

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.

Institutional Ownership by Quarter for Microsoft Corporation (NASDAQ:MSFT)

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