Jarislowsky Fraser Ltd Increases Position in Microsoft Co. (MSFT)

Jarislowsky Fraser Ltd boosted its position in shares of Microsoft Co. (NASDAQ:MSFT) by 1.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,592,877 shares of the software giant’s stock after buying an additional 33,893 shares during the period. Microsoft makes up about 1.2% of Jarislowsky Fraser Ltd’s portfolio, making the stock its 19th biggest holding. Jarislowsky Fraser Ltd’s holdings in Microsoft were worth $193,143,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Trust Co. of Oklahoma lifted its stake in shares of Microsoft by 5.5% in the 2nd quarter. Trust Co. of Oklahoma now owns 42,760 shares of the software giant’s stock valued at $2,947,000 after purchasing an additional 2,230 shares during the last quarter. Texan Capital Management lifted its stake in shares of Microsoft by 0.4% in the 2nd quarter. Texan Capital Management now owns 49,062 shares of the software giant’s stock valued at $3,382,000 after purchasing an additional 202 shares during the last quarter. Buffington Mohr McNeal raised its holdings in shares of Microsoft by 1.9% in the second quarter. Buffington Mohr McNeal now owns 77,946 shares of the software giant’s stock worth $5,373,000 after buying an additional 1,458 shares during the period. Liberty Capital Management Inc. raised its holdings in shares of Microsoft by 1.8% in the second quarter. Liberty Capital Management Inc. now owns 25,700 shares of the software giant’s stock worth $1,799,000 after buying an additional 455 shares during the period. Finally, Woodstock Corp raised its holdings in shares of Microsoft by 1.9% in the second quarter. Woodstock Corp now owns 255,090 shares of the software giant’s stock worth $17,583,000 after buying an additional 4,815 shares during the period. 73.22% of the stock is owned by institutional investors.

In other news, EVP Christopher C. Capossela sold 4,000 shares of Microsoft stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $83.48, for a total value of $333,920.00. Following the transaction, the executive vice president now directly owns 185,278 shares in the company, valued at approximately $15,467,007.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Frank H. Brod sold 18,000 shares of Microsoft stock in a transaction on Monday, December 4th. The shares were sold at an average price of $83.15, for a total value of $1,496,700.00. The disclosure for this sale can be found here. Insiders sold a total of 26,000 shares of company stock worth $2,164,380 over the last quarter. Company insiders own 1.49% of the company’s stock.

Several equities research analysts have recently weighed in on MSFT shares. Morningstar reiterated a “neutral” rating on shares of Microsoft in a report on Monday, October 16th. Royal Bank of Canada set a $85.00 price target on Microsoft and gave the stock a “buy” rating in a report on Wednesday, October 18th. Goldman Sachs Group set a $88.00 price target on Microsoft and gave the stock a “buy” rating in a report on Thursday, October 19th. Stifel Nicolaus increased their price target on Microsoft from $80.00 to $85.00 and gave the stock a “buy” rating in a report on Tuesday, October 24th. Finally, KeyCorp reiterated a “buy” rating and issued a $94.00 price target on shares of Microsoft in a report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $99.14.

Microsoft Co. (NASDAQ MSFT) opened at $88.18 on Friday. The company has a market capitalization of $680,270.00, a price-to-earnings ratio of 59.99, a price-to-earnings-growth ratio of 1.98 and a beta of 1.06. Microsoft Co. has a fifty-two week low of $63.62 and a fifty-two week high of $96.07. The company has a current ratio of 2.89, a quick ratio of 2.85 and a debt-to-equity ratio of 1.01.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Wednesday, January 31st. The software giant reported $0.96 EPS for the quarter, topping the consensus estimate of $0.87 by $0.09. The company had revenue of $28.92 billion for the quarter, compared to the consensus estimate of $28.42 billion. Microsoft had a return on equity of 35.41% and a net margin of 11.72%. Microsoft’s quarterly revenue was up 11.9% on a year-over-year basis. During the same period last year, the business posted $0.83 EPS. equities analysts predict that Microsoft Co. will post 3.62 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, February 15th will be issued a $0.42 dividend. The ex-dividend date is Wednesday, February 14th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.91%. Microsoft’s dividend payout ratio is presently 114.29%.

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About Microsoft

Microsoft Corporation is a technology company. The Company develops, licenses, and supports a range of software products, services and devices. The Company’s segments include Productivity and Business Processes, Intelligent Cloud and More Personal Computing. The Company’s products include operating systems; cross-device productivity applications; server applications; business solution applications; desktop and server management tools; software development tools; video games, and training and certification of computer system integrators and developers.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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