Microsoft Co. (NASDAQ:MSFT) is APG Asset Management N.V.’s 3rd Largest Position

APG Asset Management N.V. reduced its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 1.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 10,069,509 shares of the software giant’s stock after selling 197,200 shares during the period. Microsoft comprises 1.8% of APG Asset Management N.V.’s portfolio, making the stock its 3rd biggest position. APG Asset Management N.V.’s holdings in Microsoft were worth $894,686,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of MSFT. Pachira Investments Inc. raised its position in Microsoft by 4.4% during the 4th quarter. Pachira Investments Inc. now owns 2,297 shares of the software giant’s stock valued at $233,000 after purchasing an additional 97 shares in the last quarter. Shine Investment Advisory Services Inc. raised its position in Microsoft by 1.0% during the 4th quarter. Shine Investment Advisory Services Inc. now owns 10,004 shares of the software giant’s stock valued at $1,016,000 after purchasing an additional 99 shares in the last quarter. Peak Financial Management Inc. increased its holdings in shares of Microsoft by 4.3% in the 4th quarter. Peak Financial Management Inc. now owns 2,415 shares of the software giant’s stock valued at $245,000 after acquiring an additional 99 shares during the period. Confluence Wealth Management LLC increased its holdings in shares of Microsoft by 0.6% in the 4th quarter. Confluence Wealth Management LLC now owns 17,343 shares of the software giant’s stock valued at $1,762,000 after acquiring an additional 99 shares during the period. Finally, AMG National Trust Bank increased its holdings in shares of Microsoft by 0.7% in the 4th quarter. AMG National Trust Bank now owns 14,603 shares of the software giant’s stock valued at $1,483,000 after acquiring an additional 100 shares during the period. 72.10% of the stock is owned by hedge funds and other institutional investors.

Shares of MSFT stock opened at $132.45 on Friday. Microsoft Co. has a 1-year low of $93.96 and a 1-year high of $134.24. The company has a current ratio of 2.97, a quick ratio of 2.93 and a debt-to-equity ratio of 0.70. The firm has a market cap of $1,013.94 billion, a P/E ratio of 34.14, a price-to-earnings-growth ratio of 2.32 and a beta of 1.22.

Microsoft (NASDAQ:MSFT) last announced its earnings results on Wednesday, April 24th. The software giant reported $1.14 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.14. Microsoft had a return on equity of 39.34% and a net margin of 28.58%. The firm had revenue of $30.57 billion for the quarter, compared to the consensus estimate of $29.86 billion. During the same period in the previous year, the business earned $0.95 EPS. The firm’s revenue for the quarter was up 14.0% on a year-over-year basis. On average, equities research analysts forecast that Microsoft Co. will post 4.58 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Thursday, August 15th will be paid a dividend of $0.46 per share. The ex-dividend date is Wednesday, August 14th. This represents a $1.84 annualized dividend and a yield of 1.39%. Microsoft’s dividend payout ratio (DPR) is 47.42%.

MSFT has been the topic of a number of analyst reports. JPMorgan Chase & Co. lifted their price target on Microsoft from $125.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, April 25th. Goldman Sachs Group set a $131.00 price target on Microsoft and gave the company a “buy” rating in a report on Wednesday, April 24th. Argus lifted their price target on Microsoft to $145.00 and gave the company a “buy” rating in a report on Monday, April 29th. Mizuho reiterated a “top pick” rating and issued a $142.00 price target (up from $135.00) on shares of Microsoft in a report on Thursday, April 25th. Finally, UBS Group lifted their price target on Microsoft from $125.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, April 25th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-five have assigned a buy rating and three have given a strong buy rating to the stock. Microsoft has a consensus rating of “Buy” and a consensus price target of $135.75.

In related news, EVP Christopher C. Capossela sold 5,000 shares of the business’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $126.02, for a total transaction of $630,100.00. Following the transaction, the executive vice president now directly owns 144,934 shares in the company, valued at approximately $18,264,582.68. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Kathleen T. Hogan sold 15,947 shares of the business’s stock in a transaction dated Monday, June 10th. The shares were 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 approximately $26,969,322.06. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 216,247 shares of company stock worth $28,204,754. 1.38% of the stock is owned by company insiders.

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About Microsoft

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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