Microsoft Co. (NASDAQ:MSFT) is Mraz Amerine & Associates Inc.’s 10th Largest Position
Mraz Amerine & Associates Inc. cut its position in Microsoft Co. (NASDAQ:MSFT) by 40.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 28,819 shares of the software giant’s stock after selling 19,889 shares during the period. Microsoft makes up about 2.3% of Mraz Amerine & Associates Inc.’s investment portfolio, making the stock its 10th largest holding. Mraz Amerine & Associates Inc.’s holdings in Microsoft were worth $6,062,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently modified their holdings of the business. Nordea Investment Management AB raised its holdings in shares of Microsoft by 105.3% during the second quarter. Nordea Investment Management AB now owns 20,872,802 shares of the software giant’s stock valued at $4,168,090,000 after purchasing an additional 10,705,657 shares during the last quarter. APG Asset Management N.V. raised its position in Microsoft by 40.2% during the 2nd quarter. APG Asset Management N.V. now owns 13,477,185 shares of the software giant’s stock worth $2,442,009,000 after buying an additional 3,863,058 shares during the last quarter. Copper Rock Capital Partners LLC purchased a new position in Microsoft during the 2nd quarter worth approximately $178,633,000. Bank of New York Mellon Corp raised its position in Microsoft by 2.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 85,075,509 shares of the software giant’s stock worth $17,313,715,000 after buying an additional 1,667,999 shares during the last quarter. Finally, Handelsbanken Fonder AB raised its position in Microsoft by 146.2% during the 2nd quarter. Handelsbanken Fonder AB now owns 2,748,096 shares of the software giant’s stock worth $559,265,000 after buying an additional 1,631,950 shares during the last quarter. 69.93% of the stock is owned by institutional investors and hedge funds.
MSFT opened at $210.39 on Friday. The business’s fifty day simple moving average is $213.80 and its 200 day simple moving average is $204.25. The company has a quick ratio of 2.49, a current ratio of 2.53 and a debt-to-equity ratio of 0.46. Microsoft Co. has a 52 week low of $132.52 and a 52 week high of $232.86. The firm has a market cap of $1,590.65 billion, a P/E ratio of 33.99, a PEG ratio of 2.58 and a beta of 0.87.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Thursday, November 19th will be issued a dividend of $0.56 per share. This is an increase from Microsoft’s previous quarterly dividend of $0.51. This represents a $2.24 annualized dividend and a dividend yield of 1.06%. The ex-dividend date is Wednesday, November 18th. Microsoft’s dividend payout ratio (DPR) is presently 38.89%.
In related news, CFO Amy Hood sold 80,000 shares of the firm’s stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $218.14, for a total transaction of $17,451,200.00. Following the sale, the chief financial officer now directly owns 452,720 shares in the company, valued at approximately $98,756,340.80. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Jean Philippe Courtois sold 15,014 shares of the firm’s stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $213.59, for a total value of $3,206,840.26. Following the sale, the executive vice president now owns 545,484 shares in the company, valued at $116,509,927.56. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 422,556 shares of company stock worth $93,282,154. Company insiders own 0.05% of the company’s stock.
MSFT has been the subject of a number of recent research reports. Royal Bank of Canada raised their price target on shares of Microsoft from $230.00 to $250.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 13th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $255.00 target price (up from $235.00) on shares of Microsoft in a report on Wednesday, October 28th. Barclays reaffirmed a “buy” rating and set a $250.00 target price on shares of Microsoft in a report on Wednesday, October 28th. Sanford C. Bernstein reaffirmed a “buy” rating and set a $245.00 target price on shares of Microsoft in a report on Wednesday, October 28th. Finally, Morgan Stanley lifted their target price on shares of Microsoft from $245.00 to $249.00 and gave the company an “overweight” rating in a report on Wednesday, October 28th. Three analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $230.46.
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, as well as related Client Access Licenses (CAL); Skype, Outlook.com, and OneDrive; LinkedIn that includes Talent, Learning, Sales, and Marketing solutions, as well as premium subscriptions; and Dynamics 365, a set of cloud-based and on-premises business solutions for small and medium businesses, large organizations, and divisions of enterprises.
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