Osborne Partners Capital Management LLC Has $18,334,000 Stake in Microsoft Corp. (MSFT)
Osborne Partners Capital Management LLC cut its position in Microsoft Corp. (NASDAQ:MSFT) by 1.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 358,291 shares of the software giant’s stock after selling 4,010 shares during the period. Microsoft Corp. makes up approximately 2.7% of Osborne Partners Capital Management LLC’s investment portfolio, making the stock its 5th largest position. Osborne Partners Capital Management LLC’s holdings in Microsoft Corp. were worth $18,334,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of the company. Invictus RG acquired a new stake in Microsoft Corp. during the first quarter valued at approximately $107,000. Northstar Group Inc. raised its stake 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 in the last quarter. Wrapmanager Inc. acquired a new stake in Microsoft Corp. during the first quarter valued at approximately $205,000. CLS Investments LLC raised its stake 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 in the last quarter. Finally, Windward Capital Management Co. CA raised its stake 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 in the last quarter. 71.58% of the stock is owned by institutional investors.
Microsoft Corp. (NASDAQ:MSFT) traded up 0.88% during mid-day trading on Friday, hitting $57.42. 27,402,451 shares of the stock were exchanged. The company has a market capitalization of $447.45 billion, a PE ratio of 27.34 and a beta of 1.09. The stock has a 50 day moving average price of $57.40 and a 200 day moving average price of $54.45. Microsoft Corp. has a 1-year low of $47.02 and a 1-year high of $58.70.
Microsoft Corp. (NASDAQ:MSFT) last announced its quarterly earnings results on Tuesday, July 19th. The software giant reported $0.69 EPS for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.11. The business had revenue of $22.60 billion for the quarter, compared to analysts’ expectations 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 previous year, the firm earned $0.60 EPS. On average, equities analysts anticipate that Microsoft Corp. will post $2.89 earnings per share for the current fiscal year.
The business 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 $0.39 dividend. This is a boost from Microsoft Corp.’s previous quarterly dividend of $0.36. This represents a $1.56 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date is Tuesday, November 15th. Microsoft Corp.’s payout ratio is 70.24%.
Several analysts recently commented on MSFT shares. Cowen and Company reissued an “outperform” rating and set a $60.00 target price on shares of Microsoft Corp. in a research note on Friday, September 30th. Credit Agricole SA reissued an “outperform” rating and set a $60.00 target price on shares of Microsoft Corp. in a research note on Wednesday, October 5th. Vetr upgraded shares of Microsoft Corp. from a “hold” rating to a “buy” rating and set a $59.88 price target for the company in a research report on Thursday, September 8th. Goldman Sachs Group Inc. set a $55.00 price target on shares of Microsoft Corp. and gave the company a “neutral” rating in a research report on Wednesday, June 29th. Finally, Jefferies Group set a $40.00 price target on shares of Microsoft Corp. and gave the company a “sell” rating in a research report on Tuesday, September 27th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-one have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $59.55.
In other Microsoft Corp. news, Director William H. Gates III sold 2,500,000 shares of Microsoft Corp. stock in a transaction that occurred on Thursday, July 21st. The stock was sold at an average price of $55.94, for a total value of $139,850,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Satya Nadella sold 143,000 shares of Microsoft Corp. stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 1,200,822 shares in the company, valued at $69,611,651.34. The disclosure for this sale can be found here. 3.76% of the stock is owned by company insiders.
About Microsoft Corp.
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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