Saban Capital Group LLC Acquires New Holdings in Microsoft Co. (NASDAQ:MSFT)

Saban Capital Group LLC acquired a new stake in shares of Microsoft Co. (NASDAQ:MSFT) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,100 shares of the software giant’s stock, valued at approximately $601,000. Microsoft comprises approximately 1.2% of Saban Capital Group LLC’s holdings, making the stock its 16th biggest holding.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Guardian Investment Management lifted its position in Microsoft by 4.2% during the fourth quarter. Guardian Investment Management now owns 30,770 shares of the software giant’s stock valued at $3,125,000 after purchasing an additional 1,240 shares during the period. United Capital Management of KS Inc. raised its position in shares of Microsoft by 5.8% in the fourth quarter. United Capital Management of KS Inc. now owns 17,834 shares of the software giant’s stock worth $1,811,000 after acquiring an additional 984 shares during the period. Polen Capital Management LLC raised its position in shares of Microsoft by 0.8% in the third quarter. Polen Capital Management LLC now owns 13,818,601 shares of the software giant’s stock worth $1,580,433,000 after acquiring an additional 114,047 shares during the period. Abner Herrman & Brock LLC raised its position in shares of Microsoft by 1.3% in the fourth quarter. Abner Herrman & Brock LLC now owns 259,088 shares of the software giant’s stock worth $26,316,000 after acquiring an additional 3,234 shares during the period. Finally, Leavell Investment Management Inc. raised its position in shares of Microsoft by 0.3% in the fourth quarter. Leavell Investment Management Inc. now owns 89,124 shares of the software giant’s stock worth $9,052,000 after acquiring an additional 300 shares during the period. 72.10% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages have weighed in on MSFT. Wedbush reiterated an “outperform” rating and issued a $155.00 price objective on shares of Microsoft in a research report on Thursday. KeyCorp reiterated a “buy” rating and issued a $143.00 price objective on shares of Microsoft in a research report on Tuesday, June 11th. Credit Suisse Group set a $145.00 price objective on shares of Microsoft and gave the stock a “buy” rating in a research report on Monday, May 27th. Argus upped their price objective on shares of Microsoft to $145.00 and gave the stock a “buy” rating in a research report on Monday, April 29th. Finally, Oppenheimer upped their price objective on shares of Microsoft from $127.00 to $145.00 and gave the stock an “outperform” rating in a research report on Thursday, April 25th. One research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-five have given a buy rating and three have assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $135.75.

Shares of MSFT stock traded up $0.13 on Friday, reaching $132.45. 17,759,398 shares of the company were exchanged, compared to its average volume of 21,978,830. The stock has a market capitalization of $1,014.94 billion, a P/E ratio of 34.14, a P/E/G ratio of 2.33 and a beta of 1.22. The company has a quick ratio of 2.93, a current ratio of 2.97 and a debt-to-equity ratio of 0.70. Microsoft Co. has a 1 year low of $93.96 and a 1 year high of $134.24.

Microsoft (NASDAQ:MSFT) last released its earnings results on Wednesday, April 24th. The software giant reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.14. The business had revenue of $30.57 billion during the quarter, compared to analysts’ expectations of $29.86 billion. Microsoft had a net margin of 28.58% and a return on equity of 39.34%. The company’s quarterly revenue was up 14.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.95 earnings per share. On average, analysts expect that Microsoft Co. will post 4.58 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 15th will be paid a dividend of $0.46 per share. The ex-dividend date is Wednesday, August 14th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.39%. Microsoft’s dividend payout ratio is currently 47.42%.

In other news, EVP Kathleen T. Hogan sold 15,947 shares of the business’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $133.17, for a total transaction of $2,123,661.99. Following the completion of the sale, the executive vice president now owns 202,518 shares of the company’s stock, valued at $26,969,322.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Christopher C. Capossela sold 5,000 shares of the business’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $126.02, for a total transaction of $630,100.00. Following the sale, the executive vice president now directly owns 144,934 shares of the company’s stock, valued at approximately $18,264,582.68. The disclosure for this sale can be found here. Insiders have sold 216,247 shares of company stock valued at $28,204,754 in the last three months. Corporate insiders own 1.38% of the company’s stock.

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Microsoft 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, 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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