Conning Inc. Decreases Holdings in Microsoft Co. (MSFT)

Conning Inc. cut its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 3.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 192,372 shares of the software giant’s stock after selling 6,300 shares during the period. Conning Inc.’s holdings in Microsoft were worth $18,970,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Live Your Vision LLC grew its position in shares of Microsoft by 58.7% during the 2nd quarter. Live Your Vision LLC now owns 1,376 shares of the software giant’s stock valued at $140,000 after acquiring an additional 509 shares during the period. CX Institutional bought a new stake in shares of Microsoft during the 2nd quarter valued at $145,000. Spectrum Financial Alliance Ltd LLC bought a new stake in shares of Microsoft during the 1st quarter valued at $147,000. Ballew Advisors Inc bought a new stake in shares of Microsoft during the 1st quarter valued at $164,000. Finally, JJJ Advisors Inc. bought a new stake in shares of Microsoft during the 2nd quarter valued at $199,000. Institutional investors and hedge funds own 71.92% of the company’s stock.

In other Microsoft news, EVP Margaret L. Johnson sold 47,000 shares of the stock in a transaction dated Thursday, August 2nd. The shares were sold at an average price of $107.67, for a total transaction of $5,060,490.00. Following the completion of the transaction, the executive vice president now owns 109,687 shares of the company’s stock, valued at approximately $11,809,999.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jean Philippe Courtois sold 28,941 shares of the stock in a transaction dated Tuesday, August 7th. The shares were sold at an average price of $109.00, for a total transaction of $3,154,569.00. Following the transaction, the insider now directly owns 529,721 shares of the company’s stock, valued at approximately $57,739,589. The disclosure for this sale can be found here. Insiders have sold a total of 853,460 shares of company stock valued at $92,965,482 in the last three months. Insiders own 1.38% of the company’s stock.



A number of brokerages have recently issued reports on MSFT. Credit Suisse Group set a $125.00 price objective on shares of Microsoft and gave the company a “buy” rating in a research report on Tuesday, October 2nd. Cleveland Research reissued a “buy” rating on shares of Microsoft in a research report on Tuesday, October 2nd. Royal Bank of Canada set a $124.00 price objective on shares of Microsoft and gave the company a “buy” rating in a research report on Wednesday, September 26th. Barclays set a $120.00 price objective on shares of Microsoft and gave the company a “buy” rating in a research report on Wednesday, September 26th. Finally, Jefferies Financial Group reissued a “sell” rating and set a $75.00 price objective on shares of Microsoft in a research report on Wednesday, September 26th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, thirty-three have assigned a buy rating and two have given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $121.88.

Shares of Microsoft stock opened at $103.73 on Wednesday. The firm has a market capitalization of $823.57 billion, a P/E ratio of 26.73, a PEG ratio of 1.95 and a beta of 1.28. The company has a quick ratio of 2.85, a current ratio of 2.92 and a debt-to-equity ratio of 0.88. Microsoft Co. has a fifty-two week low of $80.70 and a fifty-two week high of $116.18.

Microsoft (NASDAQ:MSFT) last issued its earnings results on Wednesday, October 24th. The software giant reported $1.14 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.18. Microsoft had a net margin of 16.38% and a return on equity of 39.86%. The company had revenue of $29.08 billion during the quarter, compared to the consensus estimate of $27.92 billion. During the same quarter in the prior year, the firm posted $0.84 EPS. Microsoft’s quarterly revenue was up 18.5% compared to the same quarter last year. On average, sell-side analysts forecast that Microsoft Co. will post 4.39 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 13th. Shareholders of record on Thursday, November 15th will be issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 1.77%. The ex-dividend date of this dividend is Wednesday, November 14th. This is an increase from Microsoft’s previous quarterly dividend of $0.42. Microsoft’s dividend payout ratio is 43.30%.

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 for businesses, 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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