Microsoft Corporation (NASDAQ:MSFT) Stake Raised by Moloney Securities Asset Management LLC
Moloney Securities Asset Management LLC boosted its position in shares of Microsoft Corporation (NASDAQ:MSFT) by 14.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 40,857 shares of the software giant’s stock after buying an additional 5,141 shares during the period. Microsoft Corporation comprises about 1.4% of Moloney Securities Asset Management LLC’s holdings, making the stock its 12th largest position. Moloney Securities Asset Management LLC’s holdings in Microsoft Corporation were worth $2,691,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Altavista Wealth Management Inc. boosted its stake in Microsoft Corporation by 1.2% in the fourth quarter. Altavista Wealth Management Inc. now owns 86,573 shares of the software giant’s stock worth $5,380,000 after buying an additional 1,040 shares in the last quarter. Archon Capital Management LLC bought a new stake in Microsoft Corporation during the fourth quarter worth approximately $2,330,000. FIL Ltd boosted its stake in Microsoft Corporation by 1.4% in the fourth quarter. FIL Ltd now owns 8,225,182 shares of the software giant’s stock worth $511,112,000 after buying an additional 116,783 shares in the last quarter. First Capital Advisors Group LLC. bought a new stake in Microsoft Corporation during the fourth quarter worth approximately $1,390,000. Finally, LVW Advisors LLC boosted its stake in Microsoft Corporation by 0.7% in the fourth quarter. LVW Advisors LLC now owns 60,418 shares of the software giant’s stock worth $3,754,000 after buying an additional 426 shares in the last quarter. 72.64% of the stock is owned by institutional investors.
Microsoft Corporation (MSFT) traded up 0.12% during mid-day trading on Friday, hitting $72.49. 18,761,491 shares of the stock traded hands. The stock has a 50-day moving average of $72.16 and a 200 day moving average of $68.26. Microsoft Corporation has a 1-year low of $55.61 and a 1-year high of $74.42. The firm has a market cap of $558.34 billion, a price-to-earnings ratio of 26.75 and a beta of 1.01.
Microsoft Corporation (NASDAQ:MSFT) last issued its quarterly earnings results on Thursday, July 20th. The software giant reported $0.98 earnings per share 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 company had revenue of $24.70 billion during the quarter, compared to the consensus estimate of $24.29 billion. During the same period in the prior year, the company earned $0.69 EPS. Microsoft Corporation’s revenue was up 9.1% on a year-over-year basis. On average, equities analysts expect that Microsoft Corporation will post $3.21 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Thursday, August 17th will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date is Tuesday, August 15th. Microsoft Corporation’s payout ratio is 57.78%.
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A number of analysts have recently commented on the stock. BMO Capital Markets boosted their target price on shares of Microsoft Corporation from $75.00 to $86.00 and gave the stock an “outperform” rating in a research note on Friday, July 21st. UBS AG reaffirmed a “buy” rating and set a $82.00 price objective (up previously from $73.00) on shares of Microsoft Corporation in a research note on Friday, July 21st. Canaccord Genuity upped their price objective on shares of Microsoft Corporation from $68.00 to $76.00 and gave the company a “hold” rating in a research note on Friday, July 21st. Deutsche Bank AG reaffirmed a “buy” rating and set a $85.00 price objective (up previously from $80.00) on shares of Microsoft Corporation in a research note on Friday, July 21st. Finally, Raymond James Financial, Inc. upped their price objective on shares of Microsoft Corporation to $84.00 and gave the company a “buy” rating in a research note on Friday, July 21st. Two analysts have rated the stock with a sell rating, eight have given a hold rating and twenty-nine have given a buy rating to the company. Microsoft Corporation currently has a consensus rating of “Buy” and a consensus target price of $76.26.
In other Microsoft Corporation news, EVP Christopher C. Capossela sold 4,927 shares of the company’s stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $68.75, for a total transaction of $338,731.25. Following the completion of the sale, the executive vice president now directly owns 214,080 shares of the company’s stock, valued at $14,718,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jean Philippe Courtois sold 26,763 shares of the company’s stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $74.00, for a total transaction of $1,980,462.00. Following the sale, the insider now directly owns 544,080 shares of the company’s stock, valued at $40,261,920. The disclosure for this sale can be found here. Insiders sold a total of 7,057,855 shares of company stock valued at $512,044,578 over the last three months. 2.99% of the stock is owned by corporate insiders.
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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