Beese Fulmer Investment Management Inc. boosted its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 2.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 128,320 shares of the software giant’s stock after acquiring an additional 3,312 shares during the quarter. Microsoft comprises about 2.9% of Beese Fulmer Investment Management Inc.’s investment portfolio, making the stock its 2nd biggest position. Beese Fulmer Investment Management Inc.’s holdings in Microsoft were worth $13,033,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Vanguard Group Inc raised its holdings in shares of Microsoft by 1.6% in the third 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 raised its holdings in shares of Microsoft by 4.8% in the third 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 raised its holdings in shares of Microsoft by 1.1% in the third 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 raised its holdings in shares of Microsoft by 0.3% in the third 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. raised its holdings in shares of Microsoft by 2.5% in the third 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. Institutional investors own 73.14% of the company’s stock.
Shares of NASDAQ:MSFT opened at $126.02 on Thursday. The stock has a market cap of $955.16 billion, a price-to-earnings ratio of 32.48, a PEG ratio of 2.17 and a beta of 1.24. Microsoft Co. has a 1-year low of $93.96 and a 1-year high of $131.37. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.97 and a quick ratio of 2.93.
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 issued a dividend of $0.46 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $1.84 annualized dividend and a yield of 1.46%. Microsoft’s dividend payout ratio is currently 47.42%.
A number of research analysts recently issued reports on the company. Credit Suisse Group reaffirmed a “buy” rating and issued a $125.00 price target on shares of Microsoft in a report on Friday, March 22nd. KeyCorp reaffirmed a “buy” rating and issued a $141.00 price target (up from $125.00) on shares of Microsoft in a report on Wednesday, April 17th. JPMorgan Chase & Co. lifted their price target on Microsoft from $125.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, April 25th. Wedbush lifted their price target on Microsoft from $150.00 to $155.00 and gave the company an “outperform” rating in a report on Thursday, April 25th. Finally, Mizuho reaffirmed a “top pick” rating and issued a $142.00 price target (up from $135.00) on shares of Microsoft 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-five have issued a buy rating and three have assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $135.75.
In other news, EVP Christopher C. Capossela sold 3,000 shares of the company’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $128.87, for a total value of $386,610.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Satya Nadella sold 15,334 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $112.31, for a total value of $1,722,161.54. Following the completion of the sale, the chief executive officer now directly owns 1,104,932 shares of the company’s stock, valued at $124,094,912.92. The disclosure for this sale can be found here. Insiders have sold a total of 266,501 shares of company stock valued at $33,384,037 over the last three months. Company insiders own 1.38% of the company’s stock.
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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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