Parkwood LLC Has $4,545,000 Position in Microsoft Corp. (MSFT)
Parkwood LLC increased its stake in shares of Microsoft Corp. (NASDAQ:MSFT) by 445.2% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 78,906 shares of the software giant’s stock after buying an additional 64,433 shares during the period. Parkwood LLC’s holdings in Microsoft Corp. were worth $4,545,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in MSFT. Invictus RG acquired a new stake in Microsoft Corp. during the first quarter worth $107,000. Riggs Asset Managment Co. Inc. raised its position 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 last quarter. Roble Belko & Company Inc raised its position 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 last quarter. Peddock Capital Advisors LLC purchased a new position in shares of Microsoft Corp. during the third quarter valued at about $130,000. Finally, Northstar Group Inc. raised its position in shares of 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 last quarter. Institutional investors and hedge funds own 70.87% of the company’s stock.
Shares of Microsoft Corp. (NASDAQ:MSFT) traded up 0.79% on Tuesday, hitting $61.09. 22,011,592 shares of the stock traded hands. The firm has a market capitalization of $475.00 billion, a PE ratio of 29.26 and a beta of 1.16. The firm’s 50 day moving average is $59.30 and its 200 day moving average is $55.89. Microsoft Corp. has a 52 week low of $48.03 and a 52 week high of $61.41.
Microsoft Corp. (NASDAQ:MSFT) last issued its quarterly earnings data on Thursday, October 20th. The software giant reported $0.76 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate 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 net margin of 19.40% and a return on equity of 30.92%. The business’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.67 earnings per share. On average, analysts expect that Microsoft Corp. will post $2.97 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 8th. Investors of record on Thursday, November 17th will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Tuesday, November 15th. This represents a $1.56 dividend on an annualized basis and a yield of 2.55%. This is a boost from Microsoft Corp.’s previous quarterly dividend of $0.36. Microsoft Corp.’s payout ratio is currently 75.00%.
A number of equities analysts recently issued reports on the company. Oppenheimer Holdings Inc. set a $65.00 price target on Microsoft Corp. and gave the stock a “buy” rating in a report on Monday, October 24th. Vetr raised Microsoft Corp. from a “hold” rating to a “buy” rating and set a $59.95 price objective on the stock in a report on Tuesday, October 11th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $70.00 price objective on shares of Microsoft Corp. in a report on Monday, November 7th. Macquarie reaffirmed a “neutral” rating and issued a $54.00 price objective on shares of Microsoft Corp. in a report on Friday, September 23rd. Finally, Goldman Sachs Group Inc. reaffirmed a “neutral” rating and issued a $60.00 price objective (up previously from $57.00) on shares of Microsoft Corp. in a report on Friday, October 21st. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and twenty-four have given a buy rating to the company’s stock. Microsoft Corp. presently has a consensus rating of “Buy” and a consensus price target of $62.26.
In other Microsoft Corp. news, CMO Christopher C. Capossela sold 12,000 shares of Microsoft Corp. stock in a transaction that occurred on Tuesday, November 8th. The shares were sold at an average price of $60.51, for a total value of $726,120.00. Following the transaction, the chief marketing officer now owns 253,306 shares of the company’s stock, valued at $15,327,546.06. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Christopher C. Capossela sold 18,583 shares of Microsoft Corp. stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $58.58, for a total transaction of $1,088,592.14. Following the completion of the transaction, the executive vice president now directly owns 243,306 shares in the company, valued at approximately $14,252,865.48. The disclosure for this sale can be found here. Corporate 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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