Microsoft Co. (NASDAQ:MSFT) Shares Sold by Clear Street Markets LLC

Clear Street Markets LLC cut its position in shares of Microsoft Co. (NASDAQ:MSFT) by 43.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 19,900 shares of the software giant’s stock after selling 15,480 shares during the period. Microsoft accounts for 0.5% of Clear Street Markets LLC’s holdings, making the stock its 21st biggest position. Clear Street Markets LLC’s holdings in Microsoft were worth $4,692,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Norges Bank purchased a new stake in Microsoft during the fourth quarter worth $17,697,996,000. Morgan Stanley boosted its holdings in Microsoft by 14.7% during the fourth quarter. Morgan Stanley now owns 69,099,798 shares of the software giant’s stock worth $15,369,178,000 after buying an additional 8,865,366 shares in the last quarter. Nuveen Asset Management LLC boosted its holdings in Microsoft by 7.4% during the fourth quarter. Nuveen Asset Management LLC now owns 60,306,979 shares of the software giant’s stock worth $13,413,478,000 after buying an additional 4,140,017 shares in the last quarter. UBS Asset Management Americas Inc. lifted its holdings in Microsoft by 2.3% during the fourth quarter. UBS Asset Management Americas Inc. now owns 54,786,208 shares of the software giant’s stock valued at $12,185,548,000 after purchasing an additional 1,250,690 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in Microsoft by 1.8% during the fourth quarter. Alliancebernstein L.P. now owns 46,539,793 shares of the software giant’s stock valued at $10,351,380,000 after purchasing an additional 810,676 shares in the last quarter. 69.01% of the stock is currently owned by hedge funds and other institutional investors.

Shares of MSFT opened at $257.17 on Friday. Microsoft Co. has a 1-year low of $169.39 and a 1-year high of $261.78. The stock has a market cap of $1.94 trillion, a PE ratio of 41.55, a P/E/G ratio of 2.44 and a beta of 0.83. The firm has a 50-day simple moving average of $241.97 and a two-hundred day simple moving average of $226.75. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.53 and a quick ratio of 2.49.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Monday, January 25th. The software giant reported $2.03 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $0.39. Microsoft had a net margin of 32.28% and a return on equity of 40.74%. The business had revenue of $43.08 billion during the quarter, compared to analysts’ expectations of $40.23 billion. During the same period last year, the business earned $1.51 earnings per share. The business’s revenue for the quarter was up 16.7% on a year-over-year basis. As a group, sell-side analysts expect that Microsoft Co. will post 6.73 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 10th. Shareholders of record on Thursday, May 20th will be given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date is Wednesday, May 19th. Microsoft’s dividend payout ratio is presently 38.89%.

Several equities analysts have issued reports on MSFT shares. Pritchard Capital increased their price objective on shares of Microsoft from $272.00 to $292.00 and gave the company a “buy” rating in a report on Wednesday, January 27th. Piper Sandler reaffirmed an “overweight” rating and set a $300.00 price objective on shares of Microsoft in a report on Tuesday, February 2nd. Exane BNP Paribas started coverage on shares of Microsoft in a report on Thursday. They set an “outperform” rating and a $330.00 price objective on the stock. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell increased their price objective on shares of Microsoft from $292.00 to $302.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Morgan Stanley increased their price objective on shares of Microsoft from $285.00 to $290.00 and gave the company an “overweight” rating in a report on Thursday, March 11th. Two analysts have rated the stock with a hold rating, thirty-one have given a buy rating and three have given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $272.86.

In other Microsoft news, Director Emma N. Walmsley acquired 4,300 shares of the company’s stock in a transaction that occurred on Wednesday, March 10th. The stock was purchased at an average price of $236.80 per share, for a total transaction of $1,018,240.00. Following the completion of the acquisition, the director now owns 5,026 shares of the company’s stock, valued at approximately $1,190,156.80. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Jean Philippe Courtois sold 18,358 shares of Microsoft stock in a transaction that occurred on Thursday, January 28th. The shares were sold at an average price of $239.60, for a total transaction of $4,398,576.80. Following the completion of the transaction, the executive vice president now owns 593,915 shares of the company’s stock, valued at approximately $142,302,034. The disclosure for this sale can be found here. Insiders own 0.05% of the company’s stock.

Microsoft Profile

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, as well as related Client Access Licenses (CAL); Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions 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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