Shelton Capital Management raised its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 3.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 545,186 shares of the software giant’s stock after buying an additional 18,128 shares during the period. Microsoft comprises 2.7% of Shelton Capital Management’s portfolio, making the stock its 4th largest holding. Shelton Capital Management’s holdings in Microsoft were worth $40,611,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of Microsoft by 4.6% in the second quarter. Vanguard Group Inc. now owns 564,052,011 shares of the software giant’s stock worth $38,880,105,000 after purchasing an additional 25,053,413 shares in the last quarter. Capital Research Global Investors increased its stake in shares of Microsoft by 212.3% in the second quarter. Capital Research Global Investors now owns 69,663,044 shares of the software giant’s stock worth $4,801,874,000 after purchasing an additional 47,353,245 shares in the last quarter. Janus Henderson Group PLC increased its stake in shares of Microsoft by 609.4% in the second quarter. Janus Henderson Group PLC now owns 49,174,883 shares of the software giant’s stock worth $3,389,625,000 after purchasing an additional 42,243,011 shares in the last quarter. Legal & General Group Plc increased its stake in shares of Microsoft by 2.1% in the third quarter. Legal & General Group Plc now owns 38,463,571 shares of the software giant’s stock worth $2,864,881,000 after purchasing an additional 774,549 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of Microsoft by 2.5% in the third quarter. Schwab Charles Investment Management Inc. now owns 30,375,635 shares of the software giant’s stock worth $2,262,682,000 after purchasing an additional 753,152 shares in the last quarter. 73.88% of the stock is owned by institutional investors and hedge funds.
A number of brokerages recently weighed in on MSFT. Vetr lowered shares of Microsoft from a “buy” rating to a “hold” rating and set a $95.65 target price for the company. in a research report on Tuesday, March 6th. Zacks Investment Research lowered shares of Microsoft from a “buy” rating to a “hold” rating in a research report on Tuesday, March 6th. JPMorgan Chase & Co. set a $94.00 target price on shares of Microsoft and gave the stock a “neutral” rating in a research report on Thursday, February 1st. Royal Bank of Canada set a $105.00 target price on shares of Microsoft and gave the stock a “buy” rating in a research report on Thursday, February 1st. Finally, Atlantic Securities set a $97.00 target price on shares of Microsoft and gave the stock a “neutral” rating in a research report on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirty-one have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $99.41.
In related news, EVP Christopher C. Capossela sold 3,500 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $93.00, for a total value of $325,500.00. Following the transaction, the executive vice president now owns 171,278 shares of the company’s stock, valued at approximately $15,928,854. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CMO Christopher C. Capossela sold 3,000 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $93.30, for a total transaction of $279,900.00. Following the completion of the transaction, the chief marketing officer now directly owns 178,278 shares in the company, valued at approximately $16,633,337.40. The disclosure for this sale can be found here. Insiders sold a total of 10,000 shares of company stock valued at $930,900 in the last 90 days. Company insiders own 1.49% of the company’s stock.
Shares of Microsoft Co. (MSFT) opened at $94.60 on Friday. The stock has a market cap of $728,400.38, a PE ratio of 26.95, a PEG ratio of 2.18 and a beta of 1.04. The company has a quick ratio of 2.85, a current ratio of 2.89 and a debt-to-equity ratio of 1.01. Microsoft Co. has a twelve month low of $64.12 and a twelve month high of $97.24.
Microsoft (NASDAQ:MSFT) last released its earnings results on Wednesday, January 31st. The software giant reported $0.96 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.09. The firm had revenue of $28.92 billion during the quarter, compared to analyst estimates of $28.42 billion. Microsoft had a net margin of 11.72% and a return on equity of 35.41%. The business’s revenue was up 11.9% on a year-over-year basis. During the same quarter last year, the business earned $0.83 EPS. research analysts expect that Microsoft Co. will post 3.65 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 14th. Stockholders of record on Thursday, May 17th will be issued a $0.42 dividend. The ex-dividend date is Wednesday, May 16th. This represents a $1.68 annualized dividend and a dividend yield of 1.78%. Microsoft’s dividend payout ratio (DPR) is presently 115.07%.
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Microsoft Company Profile
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.
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