Personal Capital Advisors Corp increased its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 2.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 483,802 shares of the software giant’s stock after acquiring an additional 12,297 shares during the quarter. Microsoft makes up about 0.7% of Personal Capital Advisors Corp’s portfolio, making the stock its 26th largest position. Personal Capital Advisors Corp’s holdings in Microsoft were worth $49,140,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently modified their holdings of the company. United Capital Management of KS Inc. raised its holdings in shares of Microsoft by 5.8% in the fourth quarter. United Capital Management of KS Inc. now owns 17,834 shares of the software giant’s stock valued at $1,811,000 after purchasing an additional 984 shares during the last quarter. Polen Capital Management LLC raised its holdings in shares of Microsoft by 0.8% in the third quarter. Polen Capital Management LLC now owns 13,818,601 shares of the software giant’s stock valued at $1,580,433,000 after purchasing an additional 114,047 shares during the last quarter. Abner Herrman & Brock LLC raised its holdings in shares of Microsoft by 1.3% in the fourth quarter. Abner Herrman & Brock LLC now owns 259,088 shares of the software giant’s stock valued at $26,316,000 after purchasing an additional 3,234 shares during the last quarter. Nan Shan Life Insurance Co. Ltd. purchased a new stake in shares of Microsoft in the third quarter valued at about $129,830,000. Finally, Ronna Sue Cohen raised its holdings in shares of Microsoft by 3.2% in the third quarter. Ronna Sue Cohen now owns 17,497 shares of the software giant’s stock valued at $2,001,000 after purchasing an additional 537 shares during the last quarter. 72.95% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ:MSFT traded up $2.69 on Friday, reaching $128.90. 24,835,664 shares of the company’s stock were exchanged, compared to its average volume of 26,876,645. The company has a quick ratio of 2.93, a current ratio of 2.97 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $992.50 billion, a PE ratio of 33.22, a P/E/G ratio of 2.30 and a beta of 1.24. Microsoft Co. has a 52 week low of $92.92 and a 52 week high of $131.37.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Wednesday, May 15th will be given a dividend of $0.46 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $1.84 dividend on an annualized basis and a yield of 1.43%. Microsoft’s dividend payout ratio is presently 47.42%.
In other Microsoft news, President Bradford L. Smith sold 192,300 shares of the stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $130.34, for a total transaction of $25,064,382.00. Following the completion of the transaction, the president now owns 754,442 shares in the company, valued at $98,333,970.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Satya Nadella sold 267,466 shares of the firm’s stock in a transaction that occurred on Wednesday, February 6th. The shares were sold at an average price of $106.01, for a total transaction of $28,354,070.66. Following the completion of the transaction, the chief executive officer now owns 1,746,854 shares of the company’s stock, valued at $185,183,992.54. The disclosure for this sale can be found here. Insiders have sold 525,967 shares of company stock valued at $60,721,398 in the last quarter. Company insiders own 1.38% of the company’s stock.
Several analysts have recently commented on MSFT shares. JPMorgan Chase & Co. increased their target price on shares of Microsoft from $125.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, April 25th. Bank of America upgraded shares of Microsoft to a “buy” rating and lowered their target price for the company from $150.00 to $140.00 in a report on Monday, January 28th. They noted that the move was a valuation call. Goldman Sachs Group set a $131.00 target price on shares of Microsoft and gave the company a “buy” rating in a report on Wednesday, April 24th. Royal Bank of Canada restated a “buy” rating and set a $124.00 price objective on shares of Microsoft in a report on Monday, January 21st. Finally, Nomura decreased their price objective on shares of Microsoft from $115.00 to $113.00 and set a “buy” rating for the company in a report on Thursday, January 31st. One research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-seven have assigned a buy rating and three have given a strong buy rating to the company’s stock. Microsoft currently has an average rating of “Buy” and an average price target of $134.45.
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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