HS Management Partners LLC Has $193.73 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

HS Management Partners LLC cut its position in Microsoft Co. (NASDAQ:MSFT) by 1.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 715,148 shares of the software giant’s stock after selling 13,145 shares during the quarter. Microsoft accounts for about 5.3% of HS Management Partners LLC’s holdings, making the stock its 7th biggest holding. HS Management Partners LLC’s holdings in Microsoft were worth $193,734,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of MSFT. Danda Trouve Investment Management Inc. raised its position in shares of Microsoft by 63.8% during the second quarter. Danda Trouve Investment Management Inc. now owns 131 shares of the software giant’s stock worth $35,000 after acquiring an additional 51 shares during the last quarter. Litman Gregory Asset Management LLC raised its position in shares of Microsoft by 2,000.0% during the second quarter. Litman Gregory Asset Management LLC now owns 924 shares of the software giant’s stock worth $92,000 after acquiring an additional 880 shares during the last quarter. Paradigm Strategies in Wealth Management LLC raised its position in shares of Microsoft by 24.7% during the second quarter. Paradigm Strategies in Wealth Management LLC now owns 353 shares of the software giant’s stock worth $96,000 after acquiring an additional 70 shares during the last quarter. Strategic Point Investment Advisors LLC bought a new position in shares of Microsoft during the second quarter worth about $109,000. Finally, Lake Point Wealth Management bought a new position in shares of Microsoft during the second quarter worth about $162,000. Hedge funds and other institutional investors own 69.17% of the company’s stock.

In related news, CEO Satya Nadella sold 75,573 shares of the business’s stock in a transaction on Wednesday, September 1st. The stock was sold at an average price of $303.28, for a total transaction of $22,919,779.44. Following the sale, the chief executive officer now directly owns 1,632,350 shares in the company, valued at approximately $495,059,108. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Amy Hood sold 60,000 shares of the business’s stock in a transaction on Wednesday, September 1st. The shares were sold at an average price of $303.08, for a total value of $18,184,800.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 165,573 shares of company stock worth $50,066,379. Corporate insiders own 0.05% of the company’s stock.

Shares of MSFT opened at $296.31 on Thursday. The firm has a market cap of $2.23 trillion, a PE ratio of 36.81, a PEG ratio of 3.10 and a beta of 0.78. The stock’s fifty day moving average price is $295.58 and its two-hundred day moving average price is $272.97. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.08 and a quick ratio of 2.05. Microsoft Co. has a 1 year low of $199.62 and a 1 year high of $305.84.

Microsoft (NASDAQ:MSFT) last issued its earnings results on Monday, July 26th. The software giant reported $2.17 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.92 by $0.25. The firm had revenue of $46.15 billion for the quarter, compared to analyst estimates of $44.30 billion. Microsoft had a return on equity of 45.76% and a net margin of 36.45%. The business’s revenue was up 21.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.46 earnings per share. Sell-side analysts anticipate that Microsoft Co. will post 8.61 earnings per share for the current fiscal year.

Microsoft declared that its board has approved a stock buyback program on Tuesday, September 14th that allows the company to buyback $60.00 billion in shares. This buyback authorization allows the software giant to purchase up to 2.7% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 9th. Shareholders of record on Thursday, November 18th will be paid a $0.62 dividend. The ex-dividend date of this dividend is Wednesday, November 17th. This is a positive change from Microsoft’s previous quarterly dividend of $0.56. This represents a $2.48 annualized dividend and a dividend yield of 0.84%. Microsoft’s payout ratio is presently 28.11%.

A number of brokerages have recently issued reports on MSFT. Morgan Stanley raised their price objective on Microsoft from $305.00 to $331.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 14th. Credit Suisse Group lifted their target price on Microsoft from $300.00 to $320.00 and gave the stock an “outperform” rating in a report on Wednesday, July 28th. Zacks Investment Research upgraded Microsoft from a “hold” rating to a “buy” rating and set a $329.00 target price for the company in a report on Thursday, July 29th. Griffin Securities lifted their target price on Microsoft from $290.00 to $345.00 and gave the stock a “buy” rating in a report on Wednesday, July 28th. Finally, Sanford C. Bernstein lifted their target price on Microsoft from $298.00 to $333.00 and gave the stock an “outperform” rating in a report on Wednesday, July 28th. One research analyst has rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Microsoft presently has a consensus rating of “Buy” and a consensus price target of $324.84.

Microsoft Profile

Microsoft Corp. engages in the development and support of software, services, devices, and solutions. It operates through the following business segments: Productivity and Business Processes; Intelligent Cloud; and More Personal Computing. The Productivity and Business Processes segment comprises products and services in the portfolio of productivity, communication, and information services of the company spanning a variety of devices and platform.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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