RNC Capital Management LLC decreased its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 3.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 80,337 shares of the software giant’s stock after selling 3,127 shares during the quarter. RNC Capital Management LLC’s holdings in Microsoft were worth $16,350,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Geode Capital Management LLC grew its holdings in Microsoft by 2.0% during the first quarter. Geode Capital Management LLC now owns 115,684,966 shares of the software giant’s stock valued at $18,213,038,000 after purchasing an additional 2,283,447 shares during the period. Capital International Investors grew its holdings in Microsoft by 3.5% during the first quarter. Capital International Investors now owns 103,523,946 shares of the software giant’s stock valued at $16,326,780,000 after purchasing an additional 3,527,148 shares during the period. Capital Research Global Investors grew its holdings in Microsoft by 0.5% during the first quarter. Capital Research Global Investors now owns 93,247,848 shares of the software giant’s stock valued at $14,706,128,000 after purchasing an additional 471,612 shares during the period. Legal & General Group Plc grew its holdings in Microsoft by 2.8% during the first quarter. Legal & General Group Plc now owns 46,522,802 shares of the software giant’s stock valued at $7,337,453,000 after purchasing an additional 1,251,930 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its holdings in Microsoft by 4.8% during the first 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 purchasing an additional 1,653,657 shares during the period. Institutional investors own 70.59% of the company’s stock.
A number of research analysts recently issued reports on MSFT shares. Raymond James boosted their price objective 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. Sanford C. Bernstein reiterated a “buy” rating and issued a $233.00 price target on shares of Microsoft in a report on Thursday, July 23rd. Wells Fargo & Co upped their price target on shares of Microsoft from $205.00 to $250.00 and gave the company an “overweight” rating in a report on Tuesday, June 2nd. They noted that the move was a valuation call. William Blair reiterated a “buy” rating on shares of Microsoft in a report on Monday, July 20th. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $230.00 price target (down previously from $240.00) on shares of Microsoft in a report on Thursday, July 23rd. Four analysts have rated the stock with a hold rating, thirty-three have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $213.23.
NASDAQ MSFT opened at $205.01 on Friday. The firm has a market capitalization of $1,546.26 billion, a P/E ratio of 35.65, a price-to-earnings-growth ratio of 2.33 and a beta of 0.93. The firm’s fifty day moving average price is $202.18 and its two-hundred day moving average price is $178.77. Microsoft Co. has a 1 year low of $130.78 and a 1 year high of $216.38. The company has a current ratio of 2.52, a quick ratio of 2.49 and a debt-to-equity ratio of 0.57.
Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Wednesday, July 22nd. The software giant reported $1.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.34 by $0.12. The company had revenue of $38.03 billion for the quarter, compared to analyst estimates of $36.59 billion. Microsoft had a net margin of 30.96% and a return on equity of 39.45%. On average, research analysts anticipate that Microsoft Co. will post 6.39 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 20th will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 1.00%. The ex-dividend date is Wednesday, August 19th. Microsoft’s payout ratio is presently 35.42%.
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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