Benin Management CORP reduced its position in Microsoft Corp. (NASDAQ:MSFT) by 1.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 82,796 shares of the software giant’s stock after selling 856 shares during the period. Microsoft Corp. comprises 2.3% of Benin Management CORP’s holdings, making the stock its 12th largest position. Benin Management CORP’s holdings in Microsoft Corp. were worth $4,769,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of MSFT. Carnick & Kubik LLC increased its position in Microsoft Corp. by 1.8% in the first quarter. Carnick & Kubik LLC now owns 29,866 shares of the software giant’s stock worth $1,649,000 after buying an additional 538 shares during the last quarter. Maryland Capital Management increased its position in Microsoft Corp. by 3.7% in the first quarter. Maryland Capital Management now owns 455,694 shares of the software giant’s stock worth $25,168,000 after buying an additional 16,115 shares during the last quarter. Associated Banc Corp increased its position in Microsoft Corp. by 1.7% in the first quarter. Associated Banc Corp now owns 685,237 shares of the software giant’s stock worth $37,846,000 after buying an additional 11,325 shares during the last quarter. Aviva PLC increased its position in Microsoft Corp. by 6.2% in the first quarter. Aviva PLC now owns 5,090,645 shares of the software giant’s stock worth $281,156,000 after buying an additional 295,778 shares during the last quarter. Finally, Ancora Inverness LLC increased its position in Microsoft Corp. by 4.3% in the first quarter. Ancora Inverness LLC now owns 32,278 shares of the software giant’s stock worth $1,783,000 after buying an additional 1,320 shares during the last quarter. Hedge funds and other institutional investors own 70.87% of the company’s stock.

Institutional Ownership by Quarter for Microsoft Corp. (NASDAQ:MSFT)

Microsoft Corp. (NASDAQ:MSFT) traded down 1.36% during midday trading on Wednesday, reaching $60.26. The company had a trading volume of 34,641,457 shares. The company has a market capitalization of $468.54 billion, a P/E ratio of 28.86 and a beta of 1.16. Microsoft Corp. has a 1-year low of $48.03 and a 1-year high of $61.37. The firm has a 50-day moving average of $59.30 and a 200 day moving average of $55.89.

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 analysts’ consensus estimates 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 return on equity of 30.92% and a net margin of 19.40%. The firm’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.67 EPS. On average, equities research analysts forecast that Microsoft Corp. will post $2.97 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 8th. Investors of record on Thursday, November 17th will be paid a dividend of $0.39 per share. 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 2.59%. The ex-dividend date is Tuesday, November 15th. Microsoft Corp.’s dividend payout ratio is 75.00%.

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A number of analysts have commented on the stock. Wunderlich upgraded shares of Microsoft Corp. from a “hold” rating to a “buy” rating and boosted their price target for the company from $60.00 to $70.00 in a research note on Friday, October 21st. Cowen and Company restated an “outperform” rating and set a $64.00 price target on shares of Microsoft Corp. in a research note on Thursday, October 27th. Goldman Sachs Group Inc. restated a “hold” rating and set a $57.00 price target on shares of Microsoft Corp. in a research note on Monday, October 17th. restated an “outperform” rating and set a $60.00 price target on shares of Microsoft Corp. in a research note on Wednesday, October 5th. Finally, Macquarie restated a “neutral” rating and set a $54.00 price target on shares of Microsoft Corp. in a research note on Friday, September 23rd. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty-four have given a buy rating to the company’s stock. Microsoft Corp. currently has a consensus rating of “Buy” and an average price target of $62.26.

In other Microsoft Corp. news, Director William H. Gates III sold 3,300,000 shares of the stock in a transaction dated Friday, October 28th. The stock was sold at an average price of $60.30, for a total value of $198,990,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Frank H. Brod sold 5,000 shares of the stock in a transaction dated Thursday, October 27th. The shares were sold at an average price of $60.53, for a total value of $302,650.00. Following the completion of the sale, the insider now owns 121,508 shares of the company’s stock, valued at $7,354,879.24. The disclosure for this sale can be found here. Corporate insiders own 2.99% of the company’s stock.

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.

5 Day Chart for NASDAQ:MSFT

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