Swiss National Bank Has $7.98 Billion Stock Position in Microsoft Co. (NASDAQ:MSFT)

Swiss National Bank lessened its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 3.2% in the third quarter, according to its most recent filing with the SEC. The firm owned 28,291,355 shares of the software giant’s stock after selling 925,100 shares during the period. Microsoft accounts for 5.1% of Swiss National Bank’s portfolio, making the stock its 2nd largest position. Swiss National Bank’s holdings in Microsoft were worth $7,975,899,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. State Street Corp grew its holdings in Microsoft by 0.8% during the 2nd quarter. State Street Corp now owns 294,824,958 shares of the software giant’s stock worth $79,868,081,000 after acquiring an additional 2,249,303 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in shares of Microsoft by 7.6% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 192,408,922 shares of the software giant’s stock valued at $52,123,577,000 after buying an additional 13,584,306 shares during the period. Geode Capital Management LLC grew its holdings in shares of Microsoft by 2.6% in the 2nd quarter. Geode Capital Management LLC now owns 123,322,145 shares of the software giant’s stock valued at $33,314,811,000 after buying an additional 3,090,751 shares during the period. Capital International Investors grew its holdings in shares of Microsoft by 3.0% in the 2nd quarter. Capital International Investors now owns 92,898,047 shares of the software giant’s stock valued at $25,166,309,000 after buying an additional 2,669,080 shares during the period. Finally, Morgan Stanley grew its holdings in shares of Microsoft by 4.3% in the 2nd quarter. Morgan Stanley now owns 68,123,020 shares of the software giant’s stock valued at $18,454,527,000 after buying an additional 2,783,534 shares during the period. 69.01% of the stock is owned by hedge funds and other institutional investors.

Microsoft stock opened at $310.20 on Friday. The stock has a market cap of $2.33 trillion, a P/E ratio of 34.70, a P/E/G ratio of 2.89 and a beta of 0.86. The company has a quick ratio of 2.12, a current ratio of 2.16 and a debt-to-equity ratio of 0.33. Microsoft Co. has a twelve month low of $212.03 and a twelve month high of $349.67. The company’s 50-day moving average price is $330.98 and its two-hundred day moving average price is $307.88.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Monday, October 25th. The software giant reported $2.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.08 by $0.19. Microsoft had a net margin of 38.51% and a return on equity of 45.80%. The firm had revenue of $45.32 billion for the quarter, compared to analysts’ expectations of $44 billion. During the same period in the prior year, the firm earned $1.82 EPS. The business’s revenue was up 22.0% on a year-over-year basis. Equities analysts anticipate that Microsoft Co. will post 9.13 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 10th. Shareholders of record on Thursday, February 17th will be given a dividend of $0.62 per share. The ex-dividend date of this dividend is Wednesday, February 16th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 0.80%. Microsoft’s payout ratio is presently 27.74%.

Several equities analysts have recently issued reports on the stock. Fundamental Research boosted their price target on shares of Microsoft from $281.78 to $299.93 and gave the company a “hold” rating in a report on Monday, November 22nd. BMO Capital Markets boosted their price target on shares of Microsoft from $355.00 to $360.00 and gave the company an “outperform” rating in a report on Wednesday. Rosenblatt Securities reissued a “buy” rating and issued a $349.00 price target on shares of Microsoft in a report on Friday, September 17th. Bank of America upped their target price on shares of Microsoft from $340.00 to $365.00 and gave the stock a “buy” rating in a research note on Wednesday, October 27th. Finally, Barclays upped their target price on shares of Microsoft from $345.00 to $363.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 27th. One investment analyst has rated the stock with a hold rating, thirty-three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Microsoft has a consensus rating of “Buy” and a consensus price target of $351.34.

In other Microsoft news, Director Teri List sold 1,650 shares of the stock in a transaction that occurred on Tuesday, December 7th. The shares were sold at an average price of $334.90, for a total transaction of $552,585.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Bradford L. Smith sold 55,000 shares of the stock in a transaction that occurred on Monday, November 1st. The stock was sold at an average price of $328.60, for a total transaction of $18,073,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 530,699 shares of company stock worth $181,312,457. Company insiders own 0.05% of the company’s stock.

About Microsoft

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.

Further Reading: Dividend Kings

Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Co. (NASDAQ:MSFT).

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

Receive News & Ratings for Microsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft and related companies with MarketBeat.com's FREE daily email newsletter.