Generation Investment Management LLP Has $776,377,000 Stake in Microsoft Corp. (MSFT)
Generation Investment Management LLP boosted its position in Microsoft Corp. (NASDAQ:MSFT) by 8.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,172,508 shares of the software giant’s stock after buying an additional 1,174,162 shares during the period. Microsoft Corp. accounts for approximately 9.0% of Generation Investment Management LLP’s holdings, making the stock its largest position. Generation Investment Management LLP owned about 0.19% of Microsoft Corp. worth $776,377,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Invictus RG bought a new position in Microsoft Corp. during the first quarter valued at approximately $107,000. Riggs Asset Managment Co. Inc. increased its position 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 valued at $122,000 after buying an additional 147 shares during the period. Roble Belko & Company Inc increased its position 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 valued at $130,000 after buying an additional 210 shares during the period. Lowe fs LLC increased its position in Microsoft Corp. by 1.4% in the second quarter. Lowe fs LLC now owns 3,206 shares of the software giant’s stock valued at $164,000 after buying an additional 44 shares during the period. Finally, Northstar Group Inc. increased 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. Institutional investors own 71.77% of the company’s stock.
Microsoft Corp. (NASDAQ:MSFT) traded up 0.55% during mid-day trading on Friday, reaching $59.02. The company had a trading volume of 38,767,843 shares. The firm has a 50-day moving average price of $58.54 and a 200 day moving average price of $55.09. The firm has a market capitalization of $458.90 billion, a price-to-earnings ratio of 28.27 and a beta of 1.16. Microsoft Corp. has a 12-month low of $48.04 and a 12-month high of $61.37.
Microsoft Corp. (NASDAQ:MSFT) last posted its quarterly earnings data on Thursday, October 20th. The software giant reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.08. Microsoft Corp. had a net margin of 19.40% and a return on equity of 30.92%. The company earned $22.30 billion during the quarter, compared to the consensus estimate of $21.71 billion. During the same period in the previous year, the firm posted $0.67 EPS. The firm’s revenue was up 3.1% compared to the same quarter last year. Analysts expect that Microsoft Corp. will post $2.96 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 8th. Stockholders of record on Thursday, November 17th will be issued a dividend of $0.39 per share. This is an increase from Microsoft Corp.’s previous quarterly dividend of $0.36. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date of this dividend is Tuesday, November 15th. Microsoft Corp.’s payout ratio is currently 69.23%.
A number of research firms recently weighed in on MSFT. Nomura reaffirmed a “buy” rating on shares of Microsoft Corp. in a report on Sunday, July 17th. BMO Capital Markets reaffirmed a “buy” rating and set a $57.00 price target on shares of Microsoft Corp. in a report on Sunday, July 17th. Sanford C. Bernstein set a $69.00 price target on Microsoft Corp. and gave the company a “buy” rating in a report on Thursday, July 21st. JPMorgan Chase & Co. reaffirmed a “hold” rating and set a $50.00 price target on shares of Microsoft Corp. in a report on Monday, July 18th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a $70.00 price target on shares of Microsoft Corp. in a report on Monday, November 7th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-three have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $61.98.
In other Microsoft Corp. news, Director William H. Gates III sold 3,300,000 shares of the business’s stock in a transaction on Friday, October 28th. The shares were sold at an average price of $60.30, for a total value of $198,990,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Frank H. Brod sold 5,000 shares of the business’s stock in a transaction dated Thursday, October 27th. The shares were sold at an average price of $60.53, for a total transaction of $302,650.00. Following the completion of the transaction, the insider now owns 121,508 shares in the company, valued at approximately $7,354,879.24. The disclosure for this sale can be found here. Insiders own 2.99% of the company’s stock.
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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