Microsoft Corporation $MSFT is Swedbank AB’s 2nd Largest Position

Swedbank AB increased its position in Microsoft Corporation (NASDAQ:MSFTFree Report) by 2.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,139,876 shares of the software giant’s stock after purchasing an additional 355,297 shares during the quarter. Microsoft makes up about 5.9% of Swedbank AB’s portfolio, making the stock its 2nd biggest position. Swedbank AB owned approximately 0.20% of Microsoft worth $5,604,328,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Cohen Investment Advisors LLC raised its position in Microsoft by 3.5% during the 1st quarter. Cohen Investment Advisors LLC now owns 18,750 shares of the software giant’s stock valued at $6,941,000 after purchasing an additional 636 shares in the last quarter. Westbourne Investment Advisors Inc. grew its position in shares of Microsoft by 0.8% during the 1st quarter. Westbourne Investment Advisors Inc. now owns 48,842 shares of the software giant’s stock worth $18,080,000 after buying an additional 404 shares in the last quarter. Investment Advisory Services Group LLC increased its stake in shares of Microsoft by 376.0% during the first quarter. Investment Advisory Services Group LLC now owns 4,079 shares of the software giant’s stock valued at $1,510,000 after buying an additional 3,222 shares during the period. Fischer Financial Services Inc. increased its stake in shares of Microsoft by 3.3% during the first quarter. Fischer Financial Services Inc. now owns 38,539 shares of the software giant’s stock valued at $14,267,000 after buying an additional 1,237 shares during the period. Finally, Interactive Financial Advisors Inc. raised its holdings in shares of Microsoft by 27.4% in the first quarter. Interactive Financial Advisors Inc. now owns 674 shares of the software giant’s stock valued at $249,000 after acquiring an additional 145 shares in the last quarter. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Microsoft

Here are the key news stories impacting Microsoft this week:

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Wells Fargo & Company lowered their price objective on shares of Microsoft from $650.00 to $625.00 and set an “overweight” rating for the company in a research note on Wednesday, July 15th. DZ Bank restated a “buy” rating on shares of Microsoft in a report on Thursday, April 30th. Wolfe Research lowered their price target on shares of Microsoft from $570.00 to $525.00 and set an “outperform” rating for the company in a research report on Monday, July 6th. HSBC lowered their price target on shares of Microsoft from $593.00 to $571.00 in a research report on Thursday, April 30th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Microsoft in a report on Monday, July 6th. Forty-two analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $557.96.

Get Our Latest Stock Analysis on MSFT

Insider Activity

In other news, EVP Amy Coleman sold 1,262 shares of the stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $411.34, for a total value of $519,111.08. Following the sale, the executive vice president owned 46,003 shares in the company, valued at $18,922,874.02. This represents a 2.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Judson Althoff sold 15,500 shares of the firm’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $460.99, for a total transaction of $7,145,345.00. Following the transaction, the chief executive officer directly owned 110,477 shares of the company’s stock, valued at approximately $50,928,792.23. This trade represents a 12.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 23,762 shares of company stock valued at $10,508,361 in the last ninety days. Insiders own 0.03% of the company’s stock.

Microsoft Price Performance

Shares of MSFT stock opened at $393.82 on Monday. Microsoft Corporation has a fifty-two week low of $349.20 and a fifty-two week high of $555.45. The firm has a market capitalization of $2.93 trillion, a PE ratio of 23.44, a P/E/G ratio of 1.19 and a beta of 1.13. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.27 and a current ratio of 1.28. The stock’s 50-day simple moving average is $400.28 and its 200-day simple moving average is $410.77.

Microsoft (NASDAQ:MSFTGet Free Report) last released its earnings results on Wednesday, April 29th. The software giant reported $4.27 EPS for the quarter, topping analysts’ consensus estimates of $4.06 by $0.21. The firm had revenue of $82.89 billion during the quarter, compared to the consensus estimate of $81.44 billion. Microsoft had a return on equity of 31.94% and a net margin of 39.34%.The company’s revenue was up 18.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.46 earnings per share. Equities analysts expect that Microsoft Corporation will post 16.71 earnings per share for the current year.

Microsoft Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 20th will be paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 0.9%. The ex-dividend date is Thursday, August 20th. Microsoft’s payout ratio is presently 21.67%.

About Microsoft

(Free Report)

Microsoft Corporation is a global technology company headquartered in Redmond, Washington. Founded in 1975 by Bill Gates and Paul Allen, Microsoft develops, licenses and supports a broad range of software products, services and devices for consumers, enterprises and governments worldwide. Its operations span personal computing, productivity software, cloud infrastructure, enterprise applications, developer tools and gaming.

Microsoft’s product portfolio includes the Windows operating system and the Microsoft 365 suite of productivity and collaboration tools (Office apps, Outlook, Teams).

Further Reading

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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