Canal Capital Management LLC boosted its holdings in Microsoft Corporation (NASDAQ:MSFT) by 215.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 16,910 shares of the software giant’s stock after buying an additional 11,547 shares during the period. Canal Capital Management LLC’s holdings in Microsoft were worth $1,260,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. grew its position in Microsoft by 4.6% in the second quarter. Vanguard Group Inc. now owns 564,052,011 shares of the software giant’s stock valued at $38,880,105,000 after acquiring an additional 25,053,413 shares in the last quarter. State Street Corp grew its position in Microsoft by 0.8% in the first quarter. State Street Corp now owns 318,681,830 shares of the software giant’s stock valued at $20,988,383,000 after acquiring an additional 2,552,473 shares in the last quarter. Capital Research Global Investors grew its position in Microsoft by 212.3% in the second quarter. Capital Research Global Investors now owns 69,663,044 shares of the software giant’s stock valued at $4,801,874,000 after acquiring an additional 47,353,245 shares in the last quarter. Janus Henderson Group PLC grew its position in Microsoft by 609.4% in the second quarter. Janus Henderson Group PLC now owns 49,174,883 shares of the software giant’s stock valued at $3,389,625,000 after acquiring an additional 42,243,011 shares in the last quarter. Finally, Legal & General Group Plc grew its position in Microsoft by 1.1% in the second quarter. Legal & General Group Plc now owns 37,689,022 shares of the software giant’s stock valued at $2,597,786,000 after acquiring an additional 425,485 shares in the last quarter. Hedge funds and other institutional investors own 73.15% of the company’s stock.

Several analysts have issued reports on MSFT shares. ValuEngine raised shares of Microsoft from a “hold” rating to a “buy” rating in a research report on Wednesday, September 6th. Canaccord Genuity reaffirmed a “buy” rating and issued a $94.00 price objective (up previously from $86.00) on shares of Microsoft in a research report on Friday, October 27th. Atlantic Securities set a $83.00 price objective on shares of Microsoft and gave the company a “neutral” rating in a research report on Friday, October 27th. UBS set a $105.00 price objective on shares of Microsoft and gave the company a “buy” rating in a research report on Thursday, November 9th. Finally, Barclays reaffirmed an “overweight” rating and issued a $89.00 price objective (up previously from $82.00) on shares of Microsoft in a research report on Friday, October 27th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and thirty have assigned a buy rating to the company. Microsoft has an average rating of “Buy” and a consensus price target of $85.28.

In related news, insider Frank H. Brod sold 18,000 shares of Microsoft stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $83.15, for a total transaction of $1,496,700.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Christopher C. Capossela sold 4,000 shares of Microsoft stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $83.46, for a total value of $333,840.00. Following the transaction, the executive vice president now directly owns 189,278 shares in the company, valued at $15,797,141.88. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 45,000 shares of company stock worth $3,759,420. Company insiders own 1.49% of the company’s stock.

Shares of Microsoft Corporation (NASDAQ MSFT) opened at $85.83 on Wednesday. Microsoft Corporation has a one year low of $61.95 and a one year high of $87.50. The company has a current ratio of 3.12, a quick ratio of 3.06 and a debt-to-equity ratio of 0.91. The firm has a market cap of $659,670.00, a PE ratio of 25.69, a P/E/G ratio of 2.02 and a beta of 0.99.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Thursday, October 26th. The software giant reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.12. Microsoft had a net margin of 24.56% and a return on equity of 35.23%. The business had revenue of $24.50 billion for the quarter, compared to analysts’ expectations of $23.57 billion. During the same period in the previous year, the business earned $0.76 earnings per share. The company’s revenue was up 11.7% on a year-over-year basis. research analysts predict that Microsoft Corporation will post 3.38 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Investors of record on Thursday, February 15th will be paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date of this dividend is Wednesday, February 14th. Microsoft’s dividend payout ratio is currently 56.76%.

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About Microsoft

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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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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