AMF Tjanstepension AB Has $1.20 Billion Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

AMF Tjanstepension AB lifted its position in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 1.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,847,194 shares of the software giant's stock after acquiring an additional 47,933 shares during the quarter. Microsoft makes up approximately 8.5% of AMF Tjanstepension AB's portfolio, making the stock its biggest position. AMF Tjanstepension AB's holdings in Microsoft were worth $1,200,274,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of MSFT. Proficio Capital Partners LLC boosted its holdings in shares of Microsoft by 34,643.3% during the 4th quarter. Proficio Capital Partners LLC now owns 16,837,278 shares of the software giant's stock valued at $7,096,913,000 after acquiring an additional 16,788,816 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Microsoft by 76.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 10,532,402 shares of the software giant's stock valued at $4,439,407,000 after acquiring an additional 4,568,539 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Microsoft by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 165,024,812 shares of the software giant's stock valued at $70,790,682,000 after acquiring an additional 3,264,648 shares in the last quarter. Baillie Gifford & Co. boosted its holdings in shares of Microsoft by 46.1% during the 3rd quarter. Baillie Gifford & Co. now owns 7,048,244 shares of the software giant's stock valued at $3,032,859,000 after acquiring an additional 2,222,483 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Microsoft by 4.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 54,590,791 shares of the software giant's stock valued at $23,490,417,000 after acquiring an additional 2,125,030 shares in the last quarter. Institutional investors and hedge funds own 71.13% of the company's stock.

Insider Buying and Selling

In related news, insider Bradford L. Smith sold 6,000 shares of the company's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $433.17, for a total transaction of $2,599,020.00. Following the transaction, the insider now directly owns 471,036 shares of the company's stock, valued at approximately $204,038,664.12. This represents a 1.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.03% of the stock is owned by company insiders.

Microsoft Trading Up 0.8%

Shares of NASDAQ:MSFT traded up $3.80 during midday trading on Wednesday, reaching $452.94. The company's stock had a trading volume of 19,864,490 shares, compared to its average volume of 21,511,825. The firm has a 50 day moving average price of $391.20 and a two-hundred day moving average price of $411.86. Microsoft Co. has a fifty-two week low of $344.79 and a fifty-two week high of $468.35. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. The firm has a market capitalization of $3.37 trillion, a price-to-earnings ratio of 36.47, a PEG ratio of 2.21 and a beta of 0.99.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, topping analysts' consensus estimates of $3.22 by $0.24. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. The business had revenue of $70.07 billion for the quarter, compared to the consensus estimate of $68.54 billion. During the same period in the prior year, the business earned $2.94 EPS. The firm's revenue for the quarter was up 13.3% on a year-over-year basis. As a group, analysts forecast that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be paid a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft's dividend payout ratio (DPR) is currently 25.66%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. UBS Group cut their price objective on Microsoft from $510.00 to $480.00 and set a "buy" rating on the stock in a report on Monday, April 14th. The Goldman Sachs Group lifted their target price on Microsoft from $450.00 to $480.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. Benchmark reaffirmed a "buy" rating on shares of Microsoft in a report on Thursday, May 1st. Guggenheim reaffirmed a "neutral" rating on shares of Microsoft in a report on Thursday, May 1st. Finally, Mizuho lifted their target price on Microsoft from $475.00 to $500.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Five equities research analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $507.77.

Microsoft Company Profile

Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, office 365 Security and Compliance, Microsoft viva, and Microsoft 365 copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services.