Microsoft Corporation (MSFT) Stake Boosted by Whittier Trust Co. of Nevada Inc.
Whittier Trust Co. of Nevada Inc. boosted its stake in Microsoft Corporation (NASDAQ:MSFT) by 0.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 355,483 shares of the software giant’s stock after buying an additional 3,218 shares during the period. Microsoft Corporation makes up approximately 2.4% of Whittier Trust Co. of Nevada Inc.’s holdings, making the stock its 3rd largest position. Whittier Trust Co. of Nevada Inc.’s holdings in Microsoft Corporation were worth $24,503,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of MSFT. Davidson Kempner Capital Management LP bought a new position in shares of Microsoft Corporation during the fourth quarter valued at $59,136,000. Bienville Capital Management LLC raised its position in shares of Microsoft Corporation by 8.3% in the fourth quarter. Bienville Capital Management LLC now owns 7,044 shares of the software giant’s stock valued at $438,000 after buying an additional 540 shares during the last quarter. Hampstead Capital LLP bought a new position in shares of Microsoft Corporation during the fourth quarter valued at $3,728,000. Lone Pine Capital LLC raised its position in shares of Microsoft Corporation by 4.8% in the fourth quarter. Lone Pine Capital LLC now owns 15,213,996 shares of the software giant’s stock valued at $945,398,000 after buying an additional 700,000 shares during the last quarter. Finally, Viking Global Investors LP raised its position in shares of Microsoft Corporation by 60.6% in the fourth quarter. Viking Global Investors LP now owns 21,950,056 shares of the software giant’s stock valued at $1,363,976,000 after buying an additional 8,282,782 shares during the last quarter. 72.64% of the stock is owned by hedge funds and other institutional investors.
Shares of Microsoft Corporation (NASDAQ MSFT) traded up 0.18% on Friday, reaching $72.82. 12,794,301 shares of the company’s stock traded hands. The company’s 50-day moving average is $72.63 and its 200-day moving average is $68.58. The firm has a market capitalization of $560.88 billion, a P/E ratio of 26.87 and a beta of 1.01. Microsoft Corporation has a 52 week low of $55.61 and a 52 week 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 for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.27. Microsoft Corporation had a return on equity of 36.81% and a net margin of 23.57%. The company had revenue of $24.70 billion during the quarter, compared to the consensus estimate of $24.29 billion. During the same quarter last year, the firm earned $0.69 earnings per share. The company’s revenue was up 9.1% on a year-over-year basis. Equities research analysts anticipate that Microsoft Corporation will post $3.21 earnings per share for the current fiscal year.
The company also recently announced 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 2.14%. The ex-dividend date of this dividend is Tuesday, August 15th. Microsoft Corporation’s dividend payout ratio is currently 57.78%.
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Several research analysts have weighed in on MSFT shares. Raymond James Financial, Inc. restated a “strong-buy” rating and set a $77.00 target price (up from $73.00) on shares of Microsoft Corporation in a research report on Monday, May 1st. Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $75.00 target price (up from $70.00) on shares of Microsoft Corporation in a research report on Monday, May 1st. Zacks Investment Research upgraded shares of Microsoft Corporation from a “sell” rating to a “hold” rating in a research report on Monday, May 1st. Vetr upgraded shares of Microsoft Corporation from a “hold” rating to a “buy” rating and set a $71.81 target price on the stock in a research report on Thursday, May 4th. Finally, Goldman Sachs Group, Inc. (The) restated a “buy” rating and set a $78.00 target price on shares of Microsoft Corporation in a research report on Tuesday, May 9th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty-nine have assigned a buy rating to the company. Microsoft Corporation has an average rating of “Buy” and a consensus target price of $76.26.
In related news, insider Jean Philippe Courtois sold 26,763 shares of the business’s stock in a transaction dated 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 completion of the transaction, the insider now owns 544,080 shares of the company’s stock, valued at $40,261,920. The transaction 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 business’s stock in a transaction dated 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. 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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