Somerville Kurt F Decreases Stake in Microsoft Co. (MSFT)

Somerville Kurt F reduced its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 2.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 119,150 shares of the software giant’s stock after selling 2,700 shares during the quarter. Microsoft makes up approximately 2.8% of Somerville Kurt F’s holdings, making the stock its 17th biggest position. Somerville Kurt F’s holdings in Microsoft were worth $12,101,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of MSFT. Vanguard Group Inc boosted its holdings in shares of Microsoft by 1.6% in the 3rd quarter. Vanguard Group Inc now owns 577,877,949 shares of the software giant’s stock valued at $66,091,902,000 after buying an additional 8,820,439 shares during the last quarter. Morgan Stanley boosted its holdings in shares of Microsoft by 4.8% in the 3rd quarter. Morgan Stanley now owns 60,865,803 shares of the software giant’s stock valued at $6,961,221,000 after buying an additional 2,796,779 shares during the last quarter. Legal & General Group Plc boosted its holdings in shares of Microsoft by 1.1% in the 3rd quarter. Legal & General Group Plc now owns 33,422,395 shares of the software giant’s stock valued at $3,822,534,000 after buying an additional 355,063 shares during the last quarter. Clearbridge Investments LLC boosted its holdings in shares of Microsoft by 0.3% in the 3rd quarter. Clearbridge Investments LLC now owns 24,014,135 shares of the software giant’s stock valued at $2,746,497,000 after buying an additional 68,852 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of Microsoft by 2.5% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 23,889,840 shares of the software giant’s stock valued at $2,732,281,000 after buying an additional 592,064 shares during the last quarter. 73.00% of the stock is owned by institutional investors.

MSFT stock opened at $127.13 on Friday. 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 $966.32 billion, a price-to-earnings ratio of 27.83, a PEG ratio of 2.21 and a beta of 1.24. Microsoft Co. has a fifty-two week low of $93.96 and a fifty-two week high of $131.37.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Wednesday, April 24th. The software giant reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.14. The firm had revenue of $30.57 billion for the quarter, compared to analysts’ expectations of $29.86 billion. Microsoft had a return on equity of 39.34% and a net margin of 28.58%. The company’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.95 EPS. As a group, equities analysts expect that Microsoft Co. will post 4.58 EPS for the current fiscal year.

The company also recently disclosed 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. This represents a $1.84 annualized dividend and a yield of 1.45%. The ex-dividend date is Wednesday, May 15th. Microsoft’s payout ratio is 47.42%.

In related news, CEO Satya Nadella sold 15,334 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $112.31, for a total value of $1,722,161.54. Following the transaction, the chief executive officer now owns 1,104,932 shares in the company, valued at $124,094,912.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Bradford L. Smith sold 192,300 shares of the firm’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $130.34, for a total value of $25,064,382.00. Following the completion of the transaction, the president now owns 754,442 shares in the company, valued at approximately $98,333,970.28. The disclosure for this sale can be found here. Insiders have sold a total of 261,501 shares of company stock worth $32,753,937 in the last quarter. Company insiders own 1.38% of the company’s stock.

Several equities research analysts have issued reports on MSFT shares. UBS Group raised 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. Bank of America raised their price target on Microsoft from $150.00 to $155.00 and gave the company a “buy” rating in a report on Thursday, April 25th. Argus raised their price target on Microsoft to $145.00 and gave the company a “buy” rating in a report on Monday, April 29th. Morgan Stanley raised their price target on Microsoft from $140.00 to $145.00 and gave the company an “overweight” rating in a report on Thursday, April 25th. Finally, Barclays raised their price target on Microsoft from $132.00 to $152.00 and gave the company an “overweight” 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-six have given a buy rating and three have given a strong buy rating to the company. Microsoft has an average rating of “Buy” and an average target price of $135.14.

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Microsoft Profile

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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