Cigna Investments Inc. New decreased its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 3.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 329,477 shares of the software giant’s stock after selling 10,520 shares during the quarter. Microsoft comprises approximately 1.8% of Cigna Investments Inc. New’s portfolio, making the stock its 3rd biggest holding. Cigna Investments Inc. New’s holdings in Microsoft were worth $28,184,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its position in Microsoft by 4.6% in the second quarter. Vanguard Group Inc. now owns 564,052,011 shares of the software giant’s stock worth $38,880,105,000 after acquiring an additional 25,053,413 shares in the last quarter. Capital Research Global Investors grew its position in Microsoft by 212.3% in the second quarter. Capital Research Global Investors now owns 69,663,044 shares of the software giant’s stock worth $4,801,874,000 after acquiring an additional 47,353,245 shares in the last quarter. Janus Henderson Group PLC grew its position in Microsoft by 609.4% in the second quarter. Janus Henderson Group PLC now owns 49,174,883 shares of the software giant’s stock worth $3,389,625,000 after acquiring an additional 42,243,011 shares in the last quarter. Legal & General Group Plc grew its position in Microsoft by 2.1% in the third quarter. Legal & General Group Plc now owns 38,463,571 shares of the software giant’s stock worth $2,864,881,000 after acquiring an additional 774,549 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its position in Microsoft by 3.8% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 31,523,813 shares of the software giant’s stock worth $2,696,444,000 after acquiring an additional 1,148,178 shares in the last quarter. 73.81% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages recently issued reports on MSFT. Canaccord Genuity upped their target price on shares of Microsoft from $105.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday. Stifel Nicolaus upped their target price on shares of Microsoft from $105.00 to $107.00 and gave the stock a “buy” rating in a research report on Friday. UBS set a $114.00 target price on shares of Microsoft and gave the stock a “buy” rating in a research report on Friday. KeyCorp reiterated a “buy” rating and issued a $110.00 target price on shares of Microsoft in a research report on Friday. Finally, Barclays reiterated an “overweight” rating and issued a $108.00 target price (up from $100.00) on shares of Microsoft in a research report on Friday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirty-two have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $101.22.

NASDAQ MSFT opened at $95.82 on Friday. The stock has a market cap of $710,767.88, a price-to-earnings ratio of 28.95, a price-to-earnings-growth ratio of 2.14 and a beta of 1.07. The company has a quick ratio of 2.85, a current ratio of 2.89 and a debt-to-equity ratio of 1.01. Microsoft Co. has a 12-month low of $67.14 and a 12-month high of $97.90.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Thursday, April 26th. The software giant reported $0.95 EPS for the quarter, beating the consensus estimate of $0.85 by $0.10. The firm had revenue of $26.82 billion during the quarter, compared to the consensus estimate of $25.78 billion. Microsoft had a net margin of 11.72% and a return on equity of 35.41%. The company’s quarterly revenue was up 15.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.73 earnings per share. sell-side analysts predict that Microsoft Co. will post 3.64 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 14th. Stockholders of record on Thursday, May 17th will be paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 1.75%. The ex-dividend date is Wednesday, May 16th. Microsoft’s dividend payout ratio (DPR) is 50.76%.

In other news, CMO Christopher C. Capossela sold 3,000 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $93.30, for a total transaction of $279,900.00. Following the completion of the transaction, the chief marketing officer now directly owns 178,278 shares of the company’s stock, valued at $16,633,337.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Christopher C. Capossela sold 3,500 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $93.00, for a total transaction of $325,500.00. Following the transaction, the executive vice president now directly owns 174,778 shares of the company’s stock, valued at $16,254,354. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,000 shares of company stock valued at $930,900. Insiders own 1.49% of the company’s stock.

Microsoft Profile

Microsoft Corporation develops, licenses, and supports software products, services, and devices worldwide. The company's Productivity and Business Processes segment offers Office 365 commercial products and services for businesses, including Office, Exchange, SharePoint, Skype for Business, and related Client Access Licenses (CALs); Office 365 consumer services, such as Skype, Outlook.com, and OneDrive; Dynamics business solutions, such as financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and mid-size businesses, large organizations, and divisions of enterprises; and LinkedIn online professional network.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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