Rothschild Investment Corp IL Lowers Position in Microsoft Corporation (MSFT)
Rothschild Investment Corp IL lowered its position in Microsoft Corporation (NASDAQ:MSFT) by 2.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 150,209 shares of the software giant’s stock after selling 3,487 shares during the period. Microsoft Corporation makes up about 1.2% of Rothschild Investment Corp IL’s investment portfolio, making the stock its 17th biggest position. Rothschild Investment Corp IL’s holdings in Microsoft Corporation were worth $10,354,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MSFT. Empire Life Investments Inc. acquired a new stake in shares of Microsoft Corporation in the 4th quarter worth approximately $26,822,000. RB Capital Management LLC acquired a new stake in shares of Microsoft Corporation in the 4th quarter worth approximately $453,000. Lebenthal Asset Management LLC grew its holdings in shares of Microsoft Corporation by 1.0% in the 4th quarter. Lebenthal Asset Management LLC now owns 137,314 shares of the software giant’s stock worth $8,533,000 after acquiring an additional 1,393 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in shares of Microsoft Corporation in the 4th quarter worth approximately $371,918,000. Finally, Castleark Management LLC grew its holdings in shares of Microsoft Corporation by 47.7% in the 4th quarter. Castleark Management LLC now owns 915,124 shares of the software giant’s stock worth $56,866,000 after acquiring an additional 295,674 shares during the period. Institutional investors and hedge funds own 73.47% of the company’s stock.
A number of equities research analysts recently issued reports on the company. Cleveland Research assumed coverage on Microsoft Corporation in a research note on Thursday, June 22nd. They issued a “buy” rating and a $80.00 target price on the stock. Morgan Stanley set a $80.00 target price on Microsoft Corporation and gave the company a “buy” rating in a research note on Monday, June 19th. Bank of America Corporation reaffirmed a “buy” rating and issued a $75.00 target price on shares of Microsoft Corporation in a research note on Friday, June 16th. Global Equities Research reaffirmed a “buy” rating and issued a $75.00 target price on shares of Microsoft Corporation in a research note on Tuesday, June 13th. Finally, Vetr raised Microsoft Corporation from a “hold” rating to a “buy” rating and set a $74.61 target price on the stock in a research note on Monday, June 12th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirty have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $76.66.
In other Microsoft Corporation news, 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Jean Philippe Courtois sold 26,763 shares of the business’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $74.00, for a total transaction of $1,980,462.00. Following the completion of the transaction, the insider now owns 537,519 shares in the company, valued at $39,776,406. The disclosure for this sale can be found here. In the last three months, insiders sold 7,108,526 shares of company stock worth $515,879,974. 2.99% of the stock is currently owned by insiders.
Shares of Microsoft Corporation (NASDAQ:MSFT) traded down 0.48% during trading on Friday, reaching $73.98. 14,703,816 shares of the company’s stock were exchanged. The company has a market capitalization of $569.81 billion, a PE ratio of 27.30 and a beta of 1.00. The company has a 50 day moving average price of $73.10 and a 200-day moving average price of $69.19. Microsoft Corporation has a 52-week low of $55.61 and a 52-week high of $74.96.
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, beating the Zacks’ consensus estimate of $0.71 by $0.27. The business had revenue of $24.70 billion for the quarter, compared to analysts’ expectations of $24.29 billion. Microsoft Corporation had a net margin of 23.57% and a return on equity of 36.81%. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.69 earnings per share. On average, equities analysts forecast that Microsoft Corporation will post $3.22 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Thursday, August 17th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Tuesday, August 15th. This represents a $1.56 dividend on an annualized basis and a yield of 2.11%. Microsoft Corporation’s payout ratio is currently 57.78%.
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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