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MUFG Americas Holdings Corp Trims Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

MUFG Americas Holdings Corp reduced its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 1.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 869,852 shares of the software giant’s stock after selling 15,040 shares during the period. Microsoft comprises approximately 3.4% of MUFG Americas Holdings Corp’s portfolio, making the stock its 2nd biggest holding. MUFG Americas Holdings Corp’s holdings in Microsoft were worth $120,936,000 at the end of the most recent quarter.

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A number of other hedge funds and other institutional investors have also modified their holdings of the business. LFA Lugano Financial Advisors SA grew its holdings in shares of Microsoft by 274.5% in the second quarter. LFA Lugano Financial Advisors SA now owns 191 shares of the software giant’s stock worth $26,000 after purchasing an additional 140 shares during the last quarter. Krane Funds Advisors LLC bought a new position in shares of Microsoft in the second quarter worth approximately $26,000. Selective Wealth Management Inc. bought a new position in shares of Microsoft in the third quarter worth approximately $36,000. Atwater Malick LLC bought a new position in shares of Microsoft in the third quarter worth approximately $37,000. Finally, AlphaOne Investment Services LLC bought a new position in shares of Microsoft in the second quarter worth approximately $51,000. Institutional investors and hedge funds own 72.17% of the company’s stock.

Shares of Microsoft stock opened at $149.59 on Monday. The company has a current ratio of 2.85, a quick ratio of 2.81 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $1,140.35 billion, a P/E ratio of 31.49, a P/E/G ratio of 2.35 and a beta of 1.23. The business has a fifty day simple moving average of $142.59 and a two-hundred day simple moving average of $136.40. Microsoft Co. has a 12 month low of $93.96 and a 12 month high of $151.33.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, October 23rd. The software giant reported $1.38 EPS for the quarter, beating the consensus estimate of $1.24 by $0.14. The business had revenue of $33.06 billion during the quarter, compared to analyst estimates of $32.24 billion. Microsoft had a return on equity of 39.14% and a net margin of 31.66%. The company’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.14 earnings per share. Analysts predict that Microsoft Co. will post 5.35 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $2.04 annualized dividend and a yield of 1.36%. This is a positive change from Microsoft’s previous quarterly dividend of $0.46. Microsoft’s dividend payout ratio (DPR) is currently 42.95%.

Microsoft declared that its board has initiated a stock repurchase program on Wednesday, September 18th that authorizes the company to repurchase $40.00 billion in shares. This repurchase authorization authorizes the software giant to buy up to 3.8% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Several research analysts have recently issued reports on MSFT shares. Piper Jaffray Companies restated an “overweight” rating and issued a $158.00 target price on shares of Microsoft in a report on Friday, October 25th. ValuEngine lowered Microsoft from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Citigroup raised their price target on Microsoft from $152.00 to $155.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Deutsche Bank reaffirmed a “buy” rating and issued a $160.00 price target on shares of Microsoft in a research note on Monday, October 28th. Finally, Sanford C. Bernstein reaffirmed a “buy” rating and issued a $167.00 price target on shares of Microsoft in a research note on Monday, October 28th. One investment analyst has rated the stock with a hold rating, thirty have assigned a buy rating and two have assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $159.45.

In other news, CFO Amy Hood sold 123,769 shares of Microsoft stock in a transaction dated 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 transaction, the chief financial officer now owns 433,940 shares of the company’s stock, valued at approximately $59,562,604.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CMO Christopher C. Capossela sold 2,500 shares of Microsoft stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $144.01, for a total value of $360,025.00. Following the completion of the transaction, the chief marketing officer now directly owns 118,944 shares of the company’s stock, valued at approximately $17,129,125.44. The disclosure for this sale can be found here. In the last ninety days, insiders sold 332,804 shares of company stock valued at $45,823,569. 1.39% of the stock is owned by insiders.

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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