BTR Capital Management Inc. Has $32.16 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

BTR Capital Management Inc. lessened its stake in Microsoft Co. (NASDAQ:MSFT) by 1.2% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 158,040 shares of the software giant’s stock after selling 1,878 shares during the period. Microsoft accounts for 6.0% of BTR Capital Management Inc.’s portfolio, making the stock its biggest holding. BTR Capital Management Inc.’s holdings in Microsoft were worth $32,163,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC lifted its holdings in Microsoft by 2.0% in the 1st quarter. Geode Capital Management LLC now owns 115,684,966 shares of the software giant’s stock valued at $18,213,038,000 after acquiring an additional 2,283,447 shares during the last quarter. Capital International Investors lifted its holdings in Microsoft by 3.5% in the 1st quarter. Capital International Investors now owns 103,523,946 shares of the software giant’s stock valued at $16,326,780,000 after acquiring an additional 3,527,148 shares during the last quarter. Capital Research Global Investors lifted its holdings in Microsoft by 0.5% in the 1st quarter. Capital Research Global Investors now owns 93,247,848 shares of the software giant’s stock valued at $14,706,128,000 after acquiring an additional 471,612 shares during the last quarter. Legal & General Group Plc lifted its holdings in Microsoft by 2.8% in the 1st quarter. Legal & General Group Plc now owns 46,522,802 shares of the software giant’s stock valued at $7,337,453,000 after acquiring an additional 1,251,930 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in Microsoft by 4.8% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 35,782,414 shares of the software giant’s stock valued at $5,643,246,000 after acquiring an additional 1,653,657 shares during the last quarter. Hedge funds and other institutional investors own 70.59% of the company’s stock.

MSFT opened at $205.01 on Friday. Microsoft Co. has a twelve month low of $130.78 and a twelve month high of $216.38. The company has a market cap of $1,546.26 billion, a PE ratio of 35.65, a price-to-earnings-growth ratio of 2.33 and a beta of 0.93. The company has a quick ratio of 2.49, a current ratio of 2.52 and a debt-to-equity ratio of 0.57. The company has a 50-day moving average price of $202.18 and a 200 day moving average price of $178.77.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Wednesday, July 22nd. The software giant reported $1.46 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.34 by $0.12. The firm had revenue of $38.03 billion during the quarter, compared to analysts’ expectations of $36.59 billion. Microsoft had a net margin of 30.96% and a return on equity of 39.45%. As a group, sell-side analysts expect that Microsoft Co. will post 6.39 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 20th will be given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date of this dividend is Wednesday, August 19th. Microsoft’s dividend payout ratio (DPR) is 35.42%.

A number of brokerages have weighed in on MSFT. Raymond James upped their price target on shares of Microsoft from $208.00 to $225.00 and gave the company a “strong-buy” rating in a report on Monday, July 20th. Zacks Investment Research raised shares of Microsoft from a “hold” rating to a “buy” rating and set a $195.00 price target for the company in a report on Wednesday, May 20th. Jefferies Financial Group upped their price objective on shares of Microsoft from $200.00 to $240.00 and gave the company a “buy” rating in a research note on Sunday, July 19th. Argus upped their price objective on shares of Microsoft from $200.00 to $235.00 and gave the company a “buy” rating in a research note on Wednesday, June 24th. Finally, Sanford C. Bernstein reaffirmed a “buy” rating and set a $233.00 price objective on shares of Microsoft in a research note on Thursday, July 23rd. Four equities research analysts have rated the stock with a hold rating, thirty-three have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $213.23.

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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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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