Microsoft Co. (MSFT) Position Reduced by Renaissance Investment Group LLC

Renaissance Investment Group LLC reduced its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 0.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 90,964 shares of the software giant’s stock after selling 685 shares during the quarter. Microsoft accounts for approximately 3.6% of Renaissance Investment Group LLC’s holdings, making the stock its 6th biggest position. Renaissance Investment Group LLC’s holdings in Microsoft were worth $8,970,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. WP Advisors LLC acquired a new position in shares of Microsoft in the 2nd quarter valued at $131,000. Live Your Vision LLC raised its stake in shares of Microsoft by 58.7% in the 2nd quarter. Live Your Vision LLC now owns 1,376 shares of the software giant’s stock valued at $140,000 after buying an additional 509 shares in the last quarter. CX Institutional acquired a new position in shares of Microsoft in the 2nd quarter valued at $145,000. Spectrum Financial Alliance Ltd LLC acquired a new position in shares of Microsoft in the 1st quarter valued at $147,000. Finally, Ballew Advisors Inc acquired a new position in shares of Microsoft in the 1st quarter valued at $164,000. Hedge funds and other institutional investors own 71.85% of the company’s stock.

MSFT has been the topic of several analyst reports. Credit Suisse Group reaffirmed a “buy” rating and issued a $125.00 target price on shares of Microsoft in a report on Monday, September 10th. Nomura set a $118.00 price objective on shares of Microsoft and gave the stock a “buy” rating in a report on Friday, July 20th. Wells Fargo & Co set a $120.00 price objective on shares of Microsoft and gave the stock a “buy” rating in a report on Friday, July 20th. Sanford C. Bernstein set a $135.00 price objective on shares of Microsoft and gave the stock a “buy” rating in a report on Friday, July 20th. Finally, Griffin Securities increased their price objective on shares of Microsoft from $119.00 to $124.00 and gave the stock a “buy” rating in a report on Friday, July 20th. One analyst has rated the stock with a sell rating, two have given a hold rating, thirty-three have issued a buy rating and two have given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $121.88.

In other Microsoft news, CFO Amy Hood sold 118,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $110.90, for a total transaction of $13,086,200.00. Following the sale, the chief financial officer now directly owns 669,327 shares in the company, valued at approximately $74,228,364.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Satya Nadella sold 203,418 shares of the firm’s stock in a transaction that occurred on Friday, October 26th. The stock was sold at an average price of $106.68, for a total transaction of $21,700,632.24. Following the sale, the chief executive officer now owns 1,014,247 shares in the company, valued at $108,199,869.96. The disclosure for this sale can be found here. Insiders have sold a total of 479,080 shares of company stock worth $52,100,893 over the last 90 days. Corporate insiders own 1.49% of the company’s stock.

Shares of MSFT stock opened at $109.57 on Friday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 2.85 and a current ratio of 2.92. The company has a market cap of $862.07 billion, a price-to-earnings ratio of 26.78, a P/E/G ratio of 2.04 and a beta of 1.26. Microsoft Co. has a 52 week low of $80.70 and a 52 week high of $116.18.

Microsoft (NASDAQ:MSFT) last announced its earnings results on Wednesday, October 24th. The software giant reported $1.14 EPS for the quarter, topping the consensus estimate of $0.96 by $0.18. The firm had revenue of $29.08 billion for the quarter, compared to the consensus estimate of $27.92 billion. Microsoft had a net margin of 16.38% and a return on equity of 39.86%. The business’s quarterly revenue was up 18.5% on a year-over-year basis. During the same period last year, the company posted $0.84 EPS. On average, analysts forecast that Microsoft Co. will post 4.39 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 13th. Shareholders of record on Thursday, November 15th will be issued a dividend of $0.46 per share. This is an increase from Microsoft’s previous quarterly dividend of $0.42. This represents a $1.84 annualized dividend and a yield of 1.68%. The ex-dividend date of this dividend is Wednesday, November 14th. Microsoft’s dividend payout ratio (DPR) is 43.30%.

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Microsoft Company 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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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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