Microsoft Co. (MSFT) Shares Bought by AustralianSuper Pty Ltd
AustralianSuper Pty Ltd lifted its position in Microsoft Co. (NASDAQ:MSFT) by 43.1% in the 2nd quarter, HoldingsChannel reports. The fund owned 2,475,000 shares of the software giant’s stock after buying an additional 745,200 shares during the period. Microsoft makes up approximately 5.7% of AustralianSuper Pty Ltd’s investment portfolio, making the stock its biggest holding. AustralianSuper Pty Ltd’s holdings in Microsoft were worth $244,060,000 as of its most recent filing with the SEC.
Other large investors have also recently modified their holdings of the company. WP Advisors LLC purchased a new stake in shares of Microsoft in the 2nd quarter valued at approximately $131,000. Live Your Vision LLC lifted its position in shares of Microsoft by 58.7% in the 2nd quarter. Live Your Vision LLC now owns 1,376 shares of the software giant’s stock valued at $140,000 after acquiring an additional 509 shares in the last quarter. CX Institutional purchased a new stake in shares of Microsoft in the 2nd quarter valued at approximately $145,000. Lara May & Associates LLC purchased a new stake in shares of Microsoft in the 1st quarter valued at approximately $199,000. Finally, Creative Financial Designs Inc. ADV lifted its position in shares of Microsoft by 58.4% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 2,017 shares of the software giant’s stock valued at $199,000 after acquiring an additional 744 shares in the last quarter. Institutional investors and hedge funds own 71.90% of the company’s stock.
In other news, CEO Satya Nadella sold 203,418 shares of the stock in a transaction on Friday, October 26th. The shares were sold at an average price of $106.68, for a total transaction of $21,700,632.24. Following the transaction, the chief executive officer now owns 1,014,247 shares in the company, valued at approximately $108,199,869.96. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CMO Christopher C. Capossela sold 23,337 shares of the firm’s stock in a transaction on Monday, September 10th. The shares were sold at an average price of $109.22, for a total transaction of $2,548,867.14. Following the completion of the transaction, the chief marketing officer now owns 190,570 shares in the company, valued at $20,814,055.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 295,255 shares of company stock worth $31,797,279. 1.49% of the stock is currently owned by company insiders.
Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Wednesday, October 24th. The software giant reported $1.14 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.18. Microsoft had a net margin of 16.38% and a return on equity of 39.86%. The company had revenue of $29.08 billion for the quarter, compared to analyst estimates of $27.92 billion. During the same quarter in the prior year, the business posted $0.84 EPS. Microsoft’s quarterly revenue was up 18.5% on a year-over-year basis. Equities research analysts forecast that Microsoft Co. will post 4.43 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 14th. Stockholders of record on Thursday, February 21st will be paid a dividend of $0.46 per share. The ex-dividend date of this dividend is Wednesday, February 20th. This represents a $1.84 annualized dividend and a dividend yield of 1.69%. Microsoft’s dividend payout ratio (DPR) is 47.42%.
Several equities research analysts recently commented on MSFT shares. Oppenheimer restated a “buy” rating and issued a $127.00 price target on shares of Microsoft in a research report on Monday, September 24th. Macquarie upgraded shares of Microsoft from a “neutral” rating to an “outperform” rating and set a $121.00 price target for the company in a research report on Friday, October 12th. Jefferies Financial Group restated a “sell” rating and issued a $75.00 price target on shares of Microsoft in a research report on Monday, November 19th. Credit Suisse Group set a $125.00 price objective on shares of Microsoft and gave the company a “buy” rating in a research note on Monday, August 27th. Finally, Royal Bank of Canada set a $124.00 price objective on shares of Microsoft and gave the company a “buy” rating in a research note on Monday, September 10th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty-three have given a buy rating and two have issued a strong buy rating to the company. Microsoft has an average rating of “Buy” and an average price target of $121.88.
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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 for businesses, 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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