Microsoft Co. (NASDAQ:MSFT) Shares Sold by Tredje AP fonden

Tredje AP fonden lowered its position in Microsoft Co. (NASDAQ:MSFT) by 1.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 522,327 shares of the software giant’s stock after selling 8,775 shares during the quarter. Microsoft makes up approximately 3.2% of Tredje AP fonden’s portfolio, making the stock its 2nd biggest position. Tredje AP fonden’s holdings in Microsoft were worth $53,053,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in MSFT. Highwater Wealth Management LLC bought a new position in shares of Microsoft in the fourth quarter worth about $27,000. Quantamental Technologies LLC bought a new position in shares of Microsoft in the fourth quarter worth about $26,000. Mackey Komara & Dankovich LLC bought a new position in shares of Microsoft in the fourth quarter worth about $30,000. Ayalon Holdings Ltd. bought a new position in shares of Microsoft in the fourth quarter worth about $41,000. Finally, Contravisory Investment Management Inc. raised its stake in Microsoft by 113.1% during the 4th quarter. Contravisory Investment Management Inc. now owns 537 shares of the software giant’s stock valued at $55,000 after purchasing an additional 285 shares during the period. 72.04% of the stock is owned by hedge funds and other institutional investors.

In other news, EVP Kathleen T. Hogan sold 15,947 shares of the company’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $133.17, for a total value of $2,123,661.99. Following the sale, the executive vice president now owns 202,518 shares in the company, valued at $26,969,322.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Christopher C. Capossela sold 3,000 shares of the company’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $128.87, for a total value of $386,610.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 216,247 shares of company stock worth $28,204,754. Company insiders own 1.38% of the company’s stock.

MSFT has been the topic of several recent analyst reports. Goldman Sachs Group set a $131.00 target price on Microsoft and gave the company a “buy” rating in a research note on Wednesday, April 24th. Jefferies Financial Group lifted their target price on Microsoft from $80.00 to $90.00 and gave the company an “underperform” rating in a research note on Tuesday, June 25th. Credit Suisse Group set a $125.00 price objective on Microsoft and gave the stock a “buy” rating in a research note on Monday, March 4th. JPMorgan Chase & Co. lifted their price objective on Microsoft from $115.00 to $125.00 and gave the stock an “overweight” rating in a research note on Thursday, March 28th. Finally, Oppenheimer lifted their price objective on Microsoft from $127.00 to $145.00 and gave the stock an “outperform” rating in a research note on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-five have assigned a buy rating and three have given a strong buy rating to the stock. Microsoft presently has an average rating of “Buy” and a consensus price target of $136.64.

NASDAQ MSFT traded up $1.72 on Monday, reaching $135.68. 19,037,789 shares of the stock traded hands, compared to its average volume of 26,269,234. The company has a market cap of $1,039.69 billion, a P/E ratio of 34.97, a price-to-earnings-growth ratio of 2.68 and a beta of 1.21. The company has a current ratio of 2.97, a quick ratio of 2.93 and a debt-to-equity ratio of 0.70. Microsoft Co. has a 12 month low of $93.96 and a 12 month high of $138.40. The stock’s fifty day simple moving average is $129.84.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Wednesday, April 24th. The software giant reported $1.14 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.14. The firm had revenue of $30.57 billion during the quarter, compared to analyst estimates of $29.86 billion. Microsoft had a return on equity of 39.34% and a net margin of 28.58%. The business’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.95 EPS. Equities analysts anticipate that Microsoft Co. will post 4.58 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 15th will be paid a dividend of $0.46 per share. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $1.84 annualized dividend and a yield of 1.36%. Microsoft’s payout ratio is presently 47.42%.

Microsoft Company Profile

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its company's Productivity and Business Processes segment offers Office 365 commercial products and services, such as Office, Exchange, SharePoint, Skype for Business, Microsoft Teams, and related Client Access Licenses (CALs); Office 365 consumer services, including Skype, Outlook.com, and OneDrive; LinkedIn online professional network; and Dynamics business solutions comprising financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and medium businesses, large organizations, and divisions of enterprises.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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