Microsoft Corp. (MSFT) Shares Sold by Stewart & Patten Co. LLC
Stewart & Patten Co. LLC decreased its stake in shares of Microsoft Corp. (NASDAQ:MSFT) by 1.3% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 302,577 shares of the software giant’s stock after selling 3,839 shares during the period. Microsoft Corp. comprises 3.0% of Stewart & Patten Co. LLC’s portfolio, making the stock its 13th largest position. Stewart & Patten Co. LLC’s holdings in Microsoft Corp. were worth $15,482,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of MSFT. Invictus RG acquired a new position in Microsoft Corp. during the first quarter valued at about $107,000. Northstar Group Inc. boosted its position in Microsoft Corp. by 0.4% in the second quarter. Northstar Group Inc. now owns 3,953 shares of the software giant’s stock valued at $202,000 after buying an additional 14 shares during the period. Wrapmanager Inc. acquired a new position in Microsoft Corp. during the first quarter valued at about $205,000. CLS Investments LLC boosted its position in Microsoft Corp. by 616.5% in the first quarter. CLS Investments LLC now owns 3,726 shares of the software giant’s stock valued at $206,000 after buying an additional 3,206 shares during the period. Finally, Windward Capital Management Co. CA boosted its position in Microsoft Corp. by 4.0% in the second quarter. Windward Capital Management Co. CA now owns 4,676 shares of the software giant’s stock valued at $239,000 after buying an additional 179 shares during the period. 71.58% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Microsoft Corp. (NASDAQ:MSFT) traded up 0.10% on Friday, reaching $57.80. The company had a trading volume of 20,089,020 shares. The firm has a market capitalization of $450.41 billion, a PE ratio of 27.52 and a beta of 1.09. The firm’s 50 day moving average is $57.48 and its 200 day moving average is $54.34. Microsoft Corp. has a 12 month low of $46.50 and a 12 month high of $58.70.
Microsoft Corp. (NASDAQ:MSFT) last issued its quarterly earnings data on Tuesday, July 19th. The software giant reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.11. The company earned $22.60 billion during the quarter, compared to analyst estimates of $22.15 billion. Microsoft Corp. had a return on equity of 29.38% and a net margin of 19.33%. During the same period in the prior year, the business posted $0.60 earnings per share. On average, equities research analysts expect that Microsoft Corp. will post $2.89 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 8th. Shareholders of record on Thursday, November 17th will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 2.70%. This is a boost from Microsoft Corp.’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Tuesday, November 15th. Microsoft Corp.’s dividend payout ratio is 70.24%.
Several equities research analysts recently weighed in on the company. Credit Agricole SA reaffirmed an “outperform” rating and issued a $60.00 price target on shares of Microsoft Corp. in a research note on Wednesday. Cowen and Company reaffirmed an “outperform” rating and issued a $60.00 price target on shares of Microsoft Corp. in a research note on Friday, September 30th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $65.00 price target on shares of Microsoft Corp. in a research note on Wednesday, September 28th. Jefferies Group set a $40.00 price target on Microsoft Corp. and gave the stock a “sell” rating in a research note on Tuesday, September 27th. Finally, Vetr raised Microsoft Corp. from a “hold” rating to a “buy” rating and set a $59.66 price target on the stock in a research note on Monday, September 26th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $59.41.
In other Microsoft Corp. news, CFO Amy Hood sold 120,000 shares of the company’s stock in a transaction on Monday, August 8th. The stock was sold at an average price of $57.86, for a total transaction of $6,943,200.00. Following the transaction, the chief financial officer now directly owns 523,425 shares in the company, valued at $30,285,370.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Satya Nadella sold 143,000 shares of the company’s stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $57.97, for a total value of $8,289,710.00. Following the transaction, the chief executive officer now owns 1,200,822 shares in the company, valued at $69,611,651.34. The disclosure for this sale can be found here. Company insiders own 3.76% of the company’s stock.
Microsoft Corp. Company Profile
Microsoft Corporation is a technology company. The Company develops, licenses and supports a range of software products, services and devices. Its segments are Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. Its 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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