Donald Yacktman’s Latest Portfolio: Top 5 Stock Picks

3. Microsoft Corp. (NASDAQ:MSFT)

Yacktman Asset Management’s Stake Value: $499,028,000

Percentage of Yacktman Asset Management’s 13F Portfolio: 5.17% 

Number of Hedge Fund Holders(Q1): 259

With 259 funds reporting a stake worth in aggregate $65.6 billion, Microsoft Corp. (NASDAQ:MSFT) was the second most popular stock at the end of the first quarter among the 912 hedge funds we track. Microsoft Corp. (NASDAQ:MSFT) has also been one of the most resilient stocks in the tech sector this year. Although the company’s stock is trading lower by 2% year-to-date, Microsoft Corp. (NASDAQ:MSFT) still trades comfortably above the $2 trillion market cap figure.

31 of the 32 analysts covering Microsoft Corp. (NASDAQ:MSFT) on Wall Street currently have a ‘Buy’ rating on the stock with a consensus price target of $335.72. On July 29, analysts at Wolfe Research reiterated their ‘Outperform’ rating but cut their price target on the stock to $275 from $320.