Schwab Charitable Fund Reduces Stock Position in Microsoft Co. (NASDAQ:MSFT)
Schwab Charitable Fund lowered its position in Microsoft Co. (NASDAQ:MSFT) by 42.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 33,293 shares of the software giant’s stock after selling 24,249 shares during the period. Schwab Charitable Fund’s holdings in Microsoft were worth $7,849,000 at the end of the most recent quarter.
Other hedge funds also recently added to or reduced their stakes in the company. Norges Bank bought a new position in Microsoft in the fourth quarter worth approximately $17,697,996,000. Morgan Stanley increased its position in shares of Microsoft by 14.7% in the fourth quarter. Morgan Stanley now owns 69,099,798 shares of the software giant’s stock valued at $15,369,178,000 after buying an additional 8,865,366 shares in the last quarter. Nuveen Asset Management LLC raised its position 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 acquiring an additional 4,140,017 shares during the period. UBS Asset Management Americas Inc. lifted its position in shares of Microsoft by 2.3% in 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 acquiring an additional 1,250,690 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its position in Microsoft by 1.8% during the fourth quarter. Alliancebernstein L.P. now owns 46,539,793 shares of the software giant’s stock worth $10,351,380,000 after acquiring an additional 810,676 shares during the last quarter. 69.01% of the stock is currently owned by hedge funds and other institutional investors.
MSFT opened at $251.86 on Tuesday. The company has a market cap of $1.90 trillion, a P/E ratio of 40.69, a P/E/G ratio of 2.44 and a beta of 0.83. Microsoft Co. has a 12 month low of $173.80 and a 12 month high of $263.19. The company has a current ratio of 2.53, a quick ratio of 2.49 and a debt-to-equity ratio of 0.46. The business’s 50-day moving average price is $247.50 and its 200-day moving average price is $229.04.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 10th. Stockholders of record on Thursday, May 20th will be issued a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date is Wednesday, May 19th. Microsoft’s payout ratio is currently 38.89%.
A number of equities research analysts have issued reports on the stock. Wolfe Research assumed coverage on shares of Microsoft in a report on Wednesday, April 28th. They set an “outperform” rating and a $290.00 target price on the stock. Fundamental Research lifted their price objective on Microsoft from $223.67 to $236.60 and gave the company a “hold” rating in a report on Wednesday, February 3rd. Pritchard Capital boosted their price objective on shares of Microsoft from $272.00 to $292.00 and gave the stock a “buy” rating in a report on Wednesday, January 27th. Citigroup initiated coverage on Microsoft in a research note on Wednesday, March 3rd. They set a “buy” rating and a $292.00 price target for the company. Finally, Oppenheimer raised their price target on Microsoft from $260.00 to $275.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 27th. Two research analysts have rated the stock with a hold rating, thirty have issued a buy rating and two have assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $286.15.
In other Microsoft news, Director Emma N. Walmsley bought 4,300 shares of the business’s stock in a transaction that occurred on Wednesday, March 10th. The stock was bought at an average cost of $236.80 per share, for a total transaction of $1,018,240.00. Following the completion of the transaction, the director now owns 5,026 shares of the company’s stock, valued at approximately $1,190,156.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.05% of the stock is currently owned by insiders.
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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