Northwestern Mutual Investment Management Company LLC Has $15,345,000 Position in Microsoft Corp. (MSFT)
Northwestern Mutual Investment Management Company LLC decreased its position in shares of Microsoft Corp. (NASDAQ:MSFT) by 0.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 299,888 shares of the software giant’s stock after selling 2,114 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in Microsoft Corp. were worth $15,345,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Emerald Acquisition Ltd. acquired a new stake in shares of Microsoft Corp. during the second quarter worth approximately $699,840,000. Janus Capital Management LLC raised its stake in shares of Microsoft Corp. by 40.2% in the second quarter. Janus Capital Management LLC now owns 41,604,434 shares of the software giant’s stock worth $2,128,899,000 after buying an additional 11,937,675 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Microsoft Corp. by 1.7% in the second quarter. Vanguard Group Inc. now owns 504,208,409 shares of the software giant’s stock worth $25,800,344,000 after buying an additional 8,371,988 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of Microsoft Corp. by 7.8% in the second quarter. Franklin Resources Inc. now owns 93,704,245 shares of the software giant’s stock worth $4,794,838,000 after buying an additional 6,760,471 shares during the last quarter. Finally, NN Investment Partners Holdings N.V. acquired a new stake in shares of Microsoft Corp. during the first quarter worth approximately $370,367,000. 71.81% of the stock is owned by hedge funds and other institutional investors.
Shares of Microsoft Corp. (NASDAQ:MSFT) traded down 0.48% on Friday, reaching $60.35. The company had a trading volume of 27,686,311 shares. Microsoft Corp. has a 52 week low of $48.03 and a 52 week high of $61.37. The company has a 50 day moving average of $58.82 and a 200-day moving average of $55.41. The company has a market capitalization of $469.24 billion, a P/E ratio of 28.90 and a beta of 1.16.
Microsoft Corp. (NASDAQ:MSFT) last issued its quarterly earnings data on Thursday, October 20th. The software giant reported $0.76 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.08. Microsoft Corp. had a return on equity of 30.92% and a net margin of 19.40%. The business earned $22.30 billion during the quarter, compared to analysts’ expectations of $21.71 billion. During the same period in the previous year, the firm posted $0.67 earnings per share. The company’s revenue was up 3.1% on a year-over-year basis. Analysts predict that Microsoft Corp. will post $2.97 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 8th. Stockholders of record on Thursday, November 17th will be paid a $0.39 dividend. The ex-dividend date is Tuesday, November 15th. 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 dividend yield of 2.58%. Microsoft Corp.’s payout ratio is presently 75.00%.
MSFT has been the subject of a number of research reports. RBC Capital Markets set a $65.00 price objective on Microsoft Corp. and gave the stock a “buy” rating in a report on Friday, October 21st. Vetr upgraded Microsoft Corp. from a “hold” rating to a “buy” rating and set a $63.17 price objective for the company in a report on Wednesday, October 26th. Bank of America Corp. reiterated a “buy” rating and issued a $68.00 price objective (up previously from $65.00) on shares of Microsoft Corp. in a report on Sunday, October 23rd. BMO Capital Markets increased their price objective on Microsoft Corp. from $62.00 to $69.00 and gave the stock an “outperform” rating in a report on Friday, October 21st. Finally, Macquarie set a $60.00 price objective on Microsoft Corp. and gave the stock a “neutral” rating in a report on Friday, October 21st. 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’s stock. The company currently has an average rating of “Buy” and a consensus target price of $62.24.
In related news, insider Frank H. Brod sold 5,000 shares of Microsoft Corp. stock in a transaction on Thursday, October 27th. The stock was sold at an average price of $60.53, for a total value of $302,650.00. Following the completion of the transaction, the insider now directly owns 121,508 shares in the company, valued at $7,354,879.24. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director William H. Gates III sold 3,300,000 shares of Microsoft Corp. 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 disclosure for this sale can be found here. 2.99% of the stock is owned by 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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