Bedrijfstakpensioenfonds Voor DE Media PNO Lowers Position in Microsoft Corporation (MSFT)
Bedrijfstakpensioenfonds Voor DE Media PNO lowered its stake in shares of Microsoft Corporation (NASDAQ:MSFT) by 24.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 446,000 shares of the software giant’s stock after selling 141,600 shares during the period. Microsoft Corporation accounts for approximately 3.6% of Bedrijfstakpensioenfonds Voor DE Media PNO’s investment portfolio, making the stock its 2nd largest position. Bedrijfstakpensioenfonds Voor DE Media PNO’s holdings in Microsoft Corporation were worth $30,743,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Hefty Wealth Partners increased its position in Microsoft Corporation by 65.6% in the second quarter. Hefty Wealth Partners now owns 1,648 shares of the software giant’s stock valued at $113,000 after buying an additional 653 shares during the last quarter. Asset Planning Services Ltd. increased its position in Microsoft Corporation by 93.0% in the first quarter. Asset Planning Services Ltd. now owns 1,737 shares of the software giant’s stock valued at $114,000 after buying an additional 837 shares during the last quarter. Ullmann Financial Group Inc. bought a new position in Microsoft Corporation during the first quarter valued at about $132,000. Pacific Center for Financial Services bought a new position in Microsoft Corporation during the fourth quarter valued at about $155,000. Finally, Patriot Financial Group Insurance Agency LLC bought a new position in Microsoft Corporation during the fourth quarter valued at about $161,000. Institutional investors own 72.64% of the company’s stock.
Shares of Microsoft Corporation (NASDAQ:MSFT) traded down 0.90% during trading on Thursday, reaching $72.99. 8,062,729 shares of the company’s stock traded hands. The company has a market capitalization of $562.19 billion, a price-to-earnings ratio of 26.93 and a beta of 1.01. The company has a 50 day moving average of $71.98 and a 200-day moving average of $68.17. Microsoft Corporation has a 1-year low of $55.61 and a 1-year high of $74.42.
Microsoft Corporation (NASDAQ:MSFT) last posted its earnings results on Thursday, July 20th. The software giant reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.27. The company had revenue of $24.70 billion for the quarter, compared to analysts’ expectations of $24.29 billion. Microsoft Corporation had a return on equity of 36.81% and a net margin of 23.57%. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period last year, the business posted $0.69 earnings per share. Equities analysts predict that Microsoft Corporation will post $3.21 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Thursday, August 17th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date of this dividend is Tuesday, August 15th. Microsoft Corporation’s payout ratio is 57.78%.
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Several research firms have issued reports on MSFT. BidaskClub raised shares of Microsoft Corporation from a “hold” rating to a “buy” rating in a report on Wednesday. Credit Suisse Group set a $84.00 price objective on shares of Microsoft Corporation and gave the company a “buy” rating in a report on Friday, August 11th. Sanford C. Bernstein set a $87.00 price objective on shares of Microsoft Corporation and gave the company a “buy” rating in a report on Friday, August 11th. Goldman Sachs Group, Inc. (The) set a $88.00 price objective on shares of Microsoft Corporation and gave the company a “buy” rating in a report on Friday, August 4th. Finally, Vetr raised shares of Microsoft Corporation from a “hold” rating to a “buy” rating and set a $77.30 price objective on the stock in a report on Monday, July 31st. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty-eight have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $76.15.
In other Microsoft Corporation news, insider Jean Philippe Courtois sold 26,763 shares of the firm’s stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $74.00, for a total value of $1,980,462.00. Following the sale, the insider now directly owns 544,080 shares in the company, valued at $40,261,920. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider G Mason Morfit sold 7,000,000 shares of the firm’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $72.56, for a total value of $507,920,000.00. The disclosure for this sale can be found here. Insiders sold 7,057,855 shares of company stock worth $512,044,578 over the last quarter. 2.99% of the stock is currently owned by company insiders.
Microsoft Corporation Company Profile
Microsoft Corporation is a technology company. The Company develops, licenses, and supports a range of software products, services and devices. The Company’s segments include Productivity and Business Processes, Intelligent Cloud and More Personal Computing. The Company’s 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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