Northwestern Mutual Wealth Management Co. Has $25,297,000 Stake in Microsoft Corp. (MSFT)
Northwestern Mutual Wealth Management Co. increased its stake in shares of Microsoft Corp. (NASDAQ:MSFT) by 10.5% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 494,392 shares of the software giant’s stock after buying an additional 47,067 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Microsoft Corp. were worth $25,297,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in MSFT. Invictus RG acquired a new stake in shares of Microsoft Corp. during the first quarter valued at about $107,000. Riggs Asset Managment Co. Inc. raised its stake in shares of 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 raised its stake in shares of 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. Wrapmanager Inc. acquired a new stake in shares of Microsoft Corp. during the first quarter valued at about $205,000. Finally, CLS Investments LLC raised its stake in shares of 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. Hedge funds and other institutional investors own 71.81% of the company’s stock.
Microsoft Corp. (NASDAQ:MSFT) traded down 0.48% during mid-day trading on Friday, hitting $60.35. The stock had a trading volume of 27,686,311 shares. The firm has a market cap of $469.24 billion, a PE ratio of 28.90 and a beta of 1.16. Microsoft Corp. has a 52 week low of $48.03 and a 52 week high of $61.37. The company’s 50 day moving average price is $58.82 and its 200 day moving average price is $55.41.
Microsoft Corp. (NASDAQ:MSFT) last posted its quarterly earnings results on Thursday, October 20th. The software giant reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.08. The company earned $22.30 billion during the quarter, compared to the consensus estimate of $21.71 billion. Microsoft Corp. had a return on equity of 30.92% and a net margin of 19.40%. The firm’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.67 EPS. Analysts anticipate that Microsoft Corp. will post $2.97 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 8th. Stockholders of record on Thursday, November 17th will be paid a dividend of $0.39 per share. This is an increase from Microsoft Corp.’s previous quarterly dividend of $0.36. The ex-dividend date is Tuesday, November 15th. This represents a $1.56 annualized dividend and a dividend yield of 2.58%. Microsoft Corp.’s dividend payout ratio is presently 75.00%.
Several brokerages have issued reports on MSFT. RBC Capital Markets set a $65.00 price target on shares of Microsoft Corp. and gave the company a “buy” rating in a report on Friday, October 21st. Vetr raised shares of Microsoft Corp. from a “hold” rating to a “buy” rating and set a $63.17 target price on the stock in a report on Wednesday, October 26th. Bank of America Corp. reaffirmed a “buy” rating and issued a $68.00 target price (up previously from $65.00) on shares of Microsoft Corp. in a report on Sunday, October 23rd. BMO Capital Markets upped their target price on shares of 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 target price on shares of Microsoft Corp. and gave the stock a “neutral” rating in a report on Friday, October 21st. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-three have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $62.24.
In related news, EVP Christopher C. Capossela sold 18,583 shares of the stock in a transaction dated Monday, November 14th. The stock was sold at an average price of $58.58, for a total transaction of $1,088,592.14. Following the sale, the executive vice president now owns 243,306 shares of the company’s stock, valued at approximately $14,252,865.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Frank H. Brod sold 5,000 shares of the stock in a transaction dated Thursday, October 27th. The stock was sold at an average price of $60.53, for a total value of $302,650.00. Following the sale, the insider now directly 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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