Microsoft Co. (NASDAQ:MSFT) Stock Position Cut by Landsberg Bennett & Dubbaneh LLC

Landsberg Bennett & Dubbaneh LLC cut its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 0.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,435 shares of the software giant’s stock after selling 413 shares during the period. Microsoft comprises about 2.0% of Landsberg Bennett & Dubbaneh LLC’s portfolio, making the stock its 5th biggest position. Landsberg Bennett & Dubbaneh LLC’s holdings in Microsoft were worth $7,497,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of Microsoft by 1.3% during the second quarter. Vanguard Group Inc. now owns 613,005,516 shares of the software giant’s stock worth $82,118,218,000 after buying an additional 7,724,483 shares during the period. Northern Trust Corp increased its stake in shares of Microsoft by 0.4% during the second quarter. Northern Trust Corp now owns 96,567,563 shares of the software giant’s stock worth $12,936,190,000 after buying an additional 385,074 shares during the period. Nuveen Asset Management LLC increased its stake in shares of Microsoft by 2,651.8% during the second quarter. Nuveen Asset Management LLC now owns 67,353,275 shares of the software giant’s stock worth $9,022,645,000 after buying an additional 64,905,685 shares during the period. Janus Henderson Group PLC increased its stake in shares of Microsoft by 0.7% during the second quarter. Janus Henderson Group PLC now owns 52,986,086 shares of the software giant’s stock worth $7,097,675,000 after buying an additional 342,648 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Microsoft by 2.3% during the second quarter. Charles Schwab Investment Management Inc. now owns 34,368,268 shares of the software giant’s stock worth $4,603,974,000 after buying an additional 782,124 shares during the period. Institutional investors own 72.19% of the company’s stock.

A number of analysts recently weighed in on MSFT shares. Credit Suisse Group set a $155.00 target price on shares of Microsoft and gave the stock a “buy” rating in a research note on Wednesday, September 4th. Stifel Nicolaus upped their target price on shares of Microsoft from $150.00 to $155.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. JPMorgan Chase & Co. restated a “buy” rating and set a $155.00 target price on shares of Microsoft in a research note on Friday, July 19th. Raymond James upped their target price on shares of Microsoft from $160.00 to $163.00 and gave the stock a “strong-buy” rating in a research note on Friday, July 19th. Finally, Wells Fargo & Co set a $160.00 price target on Microsoft and gave the company a “buy” rating in a report on Friday, July 19th. Three research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $151.69.

In other news, CFO Amy Hood sold 123,769 shares of the stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $137.26, for a total value of $16,988,532.94. Following the completion of the sale, the chief financial officer now directly owns 433,940 shares of the company’s stock, valued at $59,562,604.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO Christopher C. Capossela sold 3,372 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $138.06, for a total value of $465,538.32. Following the completion of the sale, the chief marketing officer now directly owns 136,623 shares of the company’s stock, valued at $18,862,171.38. The disclosure for this sale can be found here. Insiders sold 318,757 shares of company stock valued at $43,735,918 over the last three months. Corporate insiders own 1.38% of the company’s stock.

MSFT stock opened at $141.58 on Wednesday. The company has a market capitalization of $1,066.51 billion, a P/E ratio of 29.41, a PEG ratio of 2.24 and a beta of 1.22. Microsoft Co. has a twelve month low of $93.96 and a twelve month high of $142.37. The business has a 50 day simple moving average of $137.91 and a 200-day simple moving average of $132.49. The company has a current ratio of 2.53, a quick ratio of 2.50 and a debt-to-equity ratio of 0.71.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Thursday, July 18th. The software giant reported $1.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.16. The business had revenue of $33.72 billion during the quarter, compared to the consensus estimate of $32.80 billion. Microsoft had a return on equity of 39.26% and a net margin of 31.18%. The company’s revenue was up 12.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.13 earnings per share. Research analysts predict that Microsoft Co. will post 5.24 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be issued a $0.51 dividend. This is an increase from Microsoft’s previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a dividend yield of 1.44%. The ex-dividend date is Wednesday, November 20th. Microsoft’s dividend payout ratio is presently 38.74%.

Microsoft announced that its board has authorized a stock buyback plan on Wednesday, September 18th that permits the company to repurchase $40.00 billion in shares. This repurchase authorization permits the software giant to purchase up to 3.8% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

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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