Aviance Capital Management LLC raised its position in shares of Microsoft Co. (NASDAQ:MSFT) by 19.6% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 12,631 shares of the software giant’s stock after acquiring an additional 2,070 shares during the period. Aviance Capital Management LLC’s holdings in Microsoft were worth $1,246,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Massachusetts Financial Services Co. MA increased its stake in shares of Microsoft by 12.0% in the second 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 during the last quarter. Swiss National Bank increased its stake in shares of Microsoft by 2.8% in the second quarter. Swiss National Bank now owns 24,451,870 shares of the software giant’s stock worth $2,411,199,000 after acquiring an additional 673,300 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Microsoft by 6.4% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 23,297,776 shares of the software giant’s stock worth $2,297,394,000 after acquiring an additional 1,398,077 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Microsoft by 7.6% in the first quarter. Dimensional Fund Advisors LP now owns 20,956,647 shares of the software giant’s stock worth $1,912,713,000 after acquiring an additional 1,473,682 shares during the last quarter. Finally, Fisher Asset Management LLC increased its stake in shares of Microsoft by 4.1% in the second quarter. Fisher Asset Management LLC now owns 18,324,544 shares of the software giant’s stock worth $1,806,983,000 after acquiring an additional 726,904 shares during the last quarter. 71.90% of the stock is currently owned by institutional investors.

Shares of NASDAQ:MSFT opened at $104.82 on Friday. The firm has a market capitalization of $835.58 billion, a P/E ratio of 27.02, a price-to-earnings-growth ratio of 1.96 and a beta of 1.25. Microsoft Co. has a 1 year low of $83.33 and a 1 year 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 quarterly earnings data on Wednesday, October 24th. The software giant reported $1.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.18. The firm 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%. Microsoft’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.84 earnings per share. As a group, equities analysts anticipate that Microsoft Co. will post 4.43 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 14th. Investors of record on Thursday, February 21st will be issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date is Wednesday, February 20th. Microsoft’s dividend payout ratio is presently 47.42%.

In other Microsoft news, EVP Christopher C. Capossela sold 4,000 shares of the company’s stock in a transaction dated Thursday, December 6th. The shares were sold at an average price of $108.00, for a total transaction of $432,000.00. Following the completion of the sale, the executive vice president now directly owns 173,931 shares in the company, valued at $18,784,548. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Frank H. Brod sold 2,000 shares of the company’s stock in a transaction dated Monday, November 5th. The shares were sold at an average price of $107.18, for a total transaction of $214,360.00. Following the sale, the insider now owns 64,676 shares of the company’s stock, valued at $6,931,973.68. The disclosure for this sale can be found here. Insiders sold 299,255 shares of company stock valued at $32,229,279 over the last quarter. 1.49% of the stock is currently owned by corporate insiders.

A number of research firms have recently weighed in on MSFT. Wells Fargo & Co reaffirmed a “buy” rating and issued a $130.00 price target on shares of Microsoft in a research note on Thursday, September 27th. Credit Suisse Group reaffirmed a “buy” rating and issued a $125.00 price target on shares of Microsoft in a research note on Monday, October 29th. Oppenheimer reaffirmed a “buy” rating and issued a $127.00 price target on shares of Microsoft in a research note on Monday, October 29th. reaffirmed a “buy” rating and issued a $127.00 price target on shares of Microsoft in a research note on Tuesday, October 23rd. Finally, Barclays reaffirmed a “buy” rating and issued a $121.00 price target on shares of Microsoft in a research note on Thursday, October 25th. One research 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 issued a strong buy rating to the stock. Microsoft has an average rating of “Buy” and a consensus target price of $121.88.

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About Microsoft

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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