Microsoft Corporation (MSFT) Stake Boosted by Stonebridge Capital Advisors LLC
Stonebridge Capital Advisors LLC raised its position in Microsoft Corporation (NASDAQ:MSFT) by 0.9% during the first quarter, Holdings Channel reports. The firm owned 27,255 shares of the software giant’s stock after buying an additional 240 shares during the period. Stonebridge Capital Advisors LLC’s holdings in Microsoft Corporation were worth $1,795,000 at the end of the most recent quarter.
A number of other institutional investors have also made changes to their positions in MSFT. 3G Capital Partners LP increased its position in shares of Microsoft Corporation by 7.1% in the fourth quarter. 3G Capital Partners LP now owns 1,608,543 shares of the software giant’s stock worth $99,955,000 after buying an additional 106,728 shares during the period. Tompkins Financial Corp increased its position in shares of Microsoft Corporation by 21.1% in the first quarter. Tompkins Financial Corp now owns 104,748 shares of the software giant’s stock worth $5,784,000 after buying an additional 18,225 shares during the period. Wealthfront Inc. increased its position in shares of Microsoft Corporation by 15.8% in the fourth quarter. Wealthfront Inc. now owns 230,160 shares of the software giant’s stock worth $14,302,000 after buying an additional 31,364 shares during the period. AMF Pensionsforsakring AB increased its position in shares of Microsoft Corporation by 10.1% in the fourth quarter. AMF Pensionsforsakring AB now owns 6,579,698 shares of the software giant’s stock worth $408,862,000 after buying an additional 606,188 shares during the period. Finally, Dodge & Cox acquired a new position in shares of Microsoft Corporation during the fourth quarter worth $2,658,504,000. 72.64% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Microsoft Corporation (NASDAQ:MSFT) traded down 0.52% during trading on Friday, reaching $72.02. 7,025,074 shares of the company traded hands. The firm’s 50 day moving average is $72.05 and its 200-day moving average is $68.20. Microsoft Corporation has a 12-month low of $55.61 and a 12-month high of $74.42. The stock has a market capitalization of $554.72 billion, a P/E ratio of 26.58 and a beta of 1.01.
Microsoft Corporation (NASDAQ:MSFT) last posted its quarterly earnings results on Thursday, July 20th. The software giant reported $0.98 EPS for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.27. Microsoft Corporation had a net margin of 23.57% and a return on equity of 36.81%. The firm had revenue of $24.70 billion for the quarter, compared to analysts’ expectations of $24.29 billion. During the same quarter in the prior year, the company posted $0.69 earnings per share. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. On average, equities research analysts anticipate that Microsoft Corporation will post $3.21 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, August 17th will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date is Tuesday, August 15th. Microsoft Corporation’s payout ratio is 57.78%.
MSFT has been the topic of several research reports. Pacific Crest reaffirmed a “buy” rating and issued a $78.00 target price (up previously from $70.00) on shares of Microsoft Corporation in a research report on Friday, April 28th. Sanford C. Bernstein set a $87.00 target price on Microsoft Corporation and gave the company a “buy” rating in a research report on Friday, July 21st. Morningstar, Inc. reaffirmed a “buy” rating on shares of Microsoft Corporation in a research report on Wednesday, June 28th. Vetr downgraded Microsoft Corporation from a “buy” rating to a “hold” rating and set a $71.27 target price on the stock. in a research report on Tuesday, May 23rd. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $77.00 target price on shares of Microsoft Corporation in a research report on Monday, May 29th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and twenty-eight have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $76.15.
In related news, insider Jean Philippe Courtois sold 26,165 shares of the stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $69.00, for a total transaction of $1,805,385.00. Following the transaction, the insider now owns 570,843 shares in the company, valued at $39,388,167. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider G Mason Morfit sold 7,000,000 shares of the stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $72.56, for a total transaction of $507,920,000.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,057,855 shares of company stock worth $512,044,578. Corporate insiders own 2.99% of the company’s stock.
About Microsoft Corporation
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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