Duncker Streett & Co. Inc. Increases Position in Microsoft Corp. (MSFT)
Duncker Streett & Co. Inc. raised its position in shares of Microsoft Corp. (NASDAQ:MSFT) by 20.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 48,305 shares of the software giant’s stock after buying an additional 8,124 shares during the period. Microsoft Corp. comprises approximately 1.0% of Duncker Streett & Co. Inc.’s portfolio, making the stock its 25th largest position. Duncker Streett & Co. Inc.’s holdings in Microsoft Corp. were worth $2,783,000 as of its most recent filing with the SEC.
A number of other hedge funds have also bought and sold shares of MSFT. Eagle Capital Management LLC increased its stake in Microsoft Corp. by 3.4% in the third quarter. Eagle Capital Management LLC now owns 75,233 shares of the software giant’s stock worth $4,333,000 after buying an additional 2,444 shares in the last quarter. GWM Advisors LLC increased its stake in Microsoft Corp. by 34.2% in the third quarter. GWM Advisors LLC now owns 87,067 shares of the software giant’s stock worth $4,983,000 after buying an additional 22,209 shares in the last quarter. Nationwide Fund Advisors increased its stake in Microsoft Corp. by 2.2% in the third quarter. Nationwide Fund Advisors now owns 5,340,683 shares of the software giant’s stock worth $307,623,000 after buying an additional 117,255 shares in the last quarter. Wright Investors Service Inc. increased its stake in Microsoft Corp. by 0.5% in the third quarter. Wright Investors Service Inc. now owns 102,007 shares of the software giant’s stock worth $5,876,000 after buying an additional 496 shares in the last quarter. Finally, First Manhattan Co. increased its stake in Microsoft Corp. by 1.5% in the third quarter. First Manhattan Co. now owns 8,092,971 shares of the software giant’s stock worth $466,155,000 after buying an additional 118,905 shares in the last quarter. 70.87% of the stock is owned by hedge funds and other institutional investors.
Shares of Microsoft Corp. (NASDAQ:MSFT) traded up 0.13% during midday trading on Monday, hitting $60.61. 20,732,619 shares of the stock were exchanged. Microsoft Corp. has a 52-week low of $48.03 and a 52-week high of $61.37. The firm’s 50-day moving average is $59.30 and its 200 day moving average is $55.89. The firm has a market cap of $471.26 billion, a PE ratio of 29.03 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, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.08. The firm had revenue of $22.30 billion for the quarter, compared to analysts’ expectations of $21.71 billion. Microsoft Corp. had a net margin of 19.40% and a return on equity of 30.92%. The business’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.67 EPS. On average, analysts forecast that Microsoft Corp. will post $2.97 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 8th. Investors of record on Thursday, November 17th will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 2.57%. This is a positive change from Microsoft Corp.’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Tuesday, November 15th. Microsoft Corp.’s dividend payout ratio is currently 75.00%.
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A number of research firms have issued reports on MSFT. Vetr raised shares of Microsoft Corp. from a “hold” rating to a “buy” rating and set a $63.27 price objective for the company in a report on Thursday. Goldman Sachs Group Inc. raised shares of Microsoft Corp. from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $60.00 to $68.00 in a report on Thursday, November 17th. Barclays PLC reissued an “overweight” rating and issued a $65.00 price objective (up previously from $58.85) on shares of Microsoft Corp. in a report on Monday, November 14th. Atlantic Securities raised shares of Microsoft Corp. from an “underweight” rating to a “neutral” rating in a report on Thursday, November 10th. 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, eight have given a hold rating and twenty-four have issued a buy rating to the stock. Microsoft Corp. currently has a consensus rating of “Buy” and a consensus price target of $62.26.
In related news, Director William H. Gates III sold 2,700,000 shares of the stock in a transaction that occurred on Tuesday, October 25th. The shares were sold at an average price of $60.99, for a total value of $164,673,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Christopher C. Capossela sold 18,583 shares of the stock in a transaction that occurred on 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 completion of the sale, the executive vice president now directly owns 243,306 shares of the company’s stock, valued at $14,252,865.48. The disclosure for this sale can be found here. 2.99% of the stock is currently owned by corporate 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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