Bloom Tree Partners LLC Has $77,583,000 Stake in Microsoft Corp. (MSFT)
Bloom Tree Partners LLC raised its position in Microsoft Corp. (NASDAQ:MSFT) by 45.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,516,177 shares of the software giant’s stock after buying an additional 471,187 shares during the period. Microsoft Corp. makes up 5.9% of Bloom Tree Partners LLC’s portfolio, making the stock its largest position. Bloom Tree Partners LLC’s holdings in Microsoft Corp. were worth $77,583,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in the company. Invictus RG acquired a new stake in Microsoft Corp. during the first quarter worth $107,000. Riggs Asset Managment Co. Inc. raised its stake in Microsoft Corp. by 6.6% in the second quarter. Riggs Asset Managment Co. Inc. now owns 2,375 shares of the software giant’s stock worth $122,000 after buying an additional 147 shares during the period. Roble Belko & Company Inc raised its stake in Microsoft Corp. by 9.0% in the second quarter. Roble Belko & Company Inc now owns 2,535 shares of the software giant’s stock worth $130,000 after buying an additional 210 shares during the period. Lowe fs LLC raised its stake in Microsoft Corp. by 1.4% in the second quarter. Lowe fs LLC now owns 3,206 shares of the software giant’s stock worth $164,000 after buying an additional 44 shares during the period. Finally, 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 worth $202,000 after buying an additional 14 shares during the period. 71.77% of the stock is owned by institutional investors.
Shares of Microsoft Corp. (NASDAQ:MSFT) traded up 0.55% on Friday, reaching $59.02. The company had a trading volume of 38,767,843 shares. Microsoft Corp. has a 12 month low of $48.04 and a 12 month high of $61.37. The stock has a 50 day moving average price of $58.54 and a 200-day moving average price of $55.09. The company has a market capitalization of $458.90 billion, a price-to-earnings ratio of 28.27 and a beta of 1.16.
Microsoft Corp. (NASDAQ:MSFT) last released its quarterly earnings data on Thursday, October 20th. The software giant reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.08. The firm earned $22.30 billion during the quarter, compared to analysts’ expectations of $21.71 billion. Microsoft Corp. had a return on equity of 30.92% and a net margin of 19.40%. The business’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.67 earnings per share. Analysts forecast that Microsoft Corp. will post $2.96 EPS 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 given a $0.39 dividend. The ex-dividend date of this dividend is Tuesday, November 15th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.64%. This is a boost from Microsoft Corp.’s previous quarterly dividend of $0.36. Microsoft Corp.’s payout ratio is currently 69.23%.
Several analysts have commented on MSFT shares. Barclays PLC reissued an “overweight” rating and set a $65.00 price target (up from $60.00) on shares of Microsoft Corp. in a research report on Friday, October 21st. Vetr raised shares of Microsoft Corp. from a “hold” rating to a “buy” rating and set a $63.17 price target for the company in a research report on Wednesday, October 26th. Cowen and Company reissued an “outperform” rating and set a $60.00 price target on shares of Microsoft Corp. in a research report on Friday, September 30th. JPMorgan Chase & Co. set a $55.00 price target on shares of Microsoft Corp. and gave the company a “neutral” rating in a research report on Thursday, October 20th. Finally, Wunderlich raised shares of Microsoft Corp. from a “hold” rating to a “buy” rating and increased their price target for the company from $60.00 to $70.00 in a research report on Friday, October 21st. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-three have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $61.98.
In related news, Director William H. Gates III sold 3,300,000 shares of the business’s stock in a transaction dated Friday, October 28th. The stock was sold at an average price of $60.30, for a total transaction of $198,990,000.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Christopher C. Capossela sold 12,000 shares of the business’s stock in a transaction dated Wednesday, November 2nd. The shares were sold at an average price of $59.57, for a total value of $714,840.00. Following the transaction, the executive vice president now owns 265,306 shares in the company, valued at $15,804,278.42. The disclosure for this sale can be found here. 2.99% of the stock is owned by company insiders.
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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