Bartlett & Co. LLC reduced its holdings in Microsoft Co. (NASDAQ:MSFT) by 1.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 800,193 shares of the software giant’s stock after selling 14,810 shares during the quarter. Microsoft makes up approximately 3.2% of Bartlett & Co. LLC’s holdings, making the stock its 3rd largest holding. Bartlett & Co. LLC’s holdings in Microsoft were worth $78,907,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. boosted its holdings in shares of Microsoft by 1.3% in the 1st quarter. BlackRock Inc. now owns 499,849,770 shares of the software giant’s stock worth $45,621,287,000 after acquiring an additional 6,488,089 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Microsoft by 12.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 31,168,526 shares of the software giant’s stock worth $3,073,529,000 after acquiring an additional 3,328,581 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Microsoft by 7.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 20,956,647 shares of the software giant’s stock worth $1,912,713,000 after purchasing an additional 1,473,682 shares during the last quarter. Fisher Asset Management LLC raised its position in Microsoft by 4.1% in the 2nd quarter. Fisher Asset Management LLC now owns 18,324,544 shares of the software giant’s stock worth $1,806,983,000 after purchasing an additional 726,904 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in Microsoft by 2.1% in the 1st quarter. Principal Financial Group Inc. now owns 16,594,679 shares of the software giant’s stock worth $1,514,597,000 after purchasing an additional 338,571 shares during the last quarter. 72.12% of the stock is currently owned by institutional investors and hedge funds.

Shares of Microsoft stock opened at $103.11 on Thursday. The firm has a market cap of $805.55 billion, a price-to-earnings ratio of 26.57, a price-to-earnings-growth ratio of 1.89 and a beta of 1.26. Microsoft Co. has a 52 week low of $80.70 and a 52 week high of $116.18. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.92 and a quick ratio of 2.85.

Microsoft (NASDAQ:MSFT) last issued its earnings results on Wednesday, October 24th. The software giant reported $1.14 EPS for the quarter, beating the consensus estimate of $0.96 by $0.18. The company had revenue of $29.08 billion during the quarter, compared to analysts’ expectations of $27.92 billion. Microsoft had a net margin of 16.38% and a return on equity of 39.86%. The business’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.84 EPS. As a group, sell-side analysts forecast that Microsoft Co. will post 4.43 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 13th. Shareholders of record on Thursday, November 15th will be given a dividend of $0.46 per share. This is a boost from Microsoft’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Wednesday, November 14th. This represents a $1.84 annualized dividend and a dividend yield of 1.78%. Microsoft’s payout ratio is presently 47.42%.

In related news, EVP Kathleen T. Hogan sold 36,500 shares of the company’s stock in a transaction on Thursday, November 8th. The shares were sold at an average price of $111.28, for a total value of $4,061,720.00. Following the completion of the sale, the executive vice president now owns 226,801 shares in the company, valued at approximately $25,238,415.28. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Satya Nadella sold 203,418 shares of the company’s stock in a transaction on Friday, October 26th. The shares were sold at an average price of $106.68, for a total transaction of $21,700,632.24. Following the completion of the sale, the chief executive officer now owns 1,014,247 shares of the company’s stock, valued at approximately $108,199,869.96. The disclosure for this sale can be found here. In the last 90 days, insiders sold 479,080 shares of company stock valued at $52,100,893. 1.38% of the stock is owned by corporate insiders.

Several research analysts recently weighed in on the stock. Credit Suisse Group set a $125.00 price objective on shares of Microsoft and gave the stock a “buy” rating in a research report on Tuesday, October 2nd. Cleveland Research restated 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 stock 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 stock a “buy” rating in a research report on Wednesday, September 26th. Finally, Jefferies Financial Group restated a “sell” rating and issued a $75.00 price objective on shares of Microsoft in a research report on Wednesday, September 26th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty-three have given a buy rating and two have given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $121.88.

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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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