SOL Capital Management CO Reduces Position in Microsoft Corporation (MSFT)
SOL Capital Management CO lowered its holdings in shares of Microsoft Corporation (NASDAQ:MSFT) by 5.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,643 shares of the software giant’s stock after selling 2,250 shares during the period. SOL Capital Management CO’s holdings in Microsoft Corporation were worth $2,939,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of the stock. State Street Corp lifted its stake in shares of Microsoft Corporation by 0.8% in the first quarter. State Street Corp now owns 318,681,830 shares of the software giant’s stock worth $20,988,383,000 after buying an additional 2,552,473 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its stake in shares of Microsoft Corporation by 2.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 28,965,189 shares of the software giant’s stock worth $1,907,648,000 after buying an additional 638,798 shares in the last quarter. Fisher Asset Management LLC lifted its stake in shares of Microsoft Corporation by 1.1% in the first quarter. Fisher Asset Management LLC now owns 18,652,532 shares of the software giant’s stock worth $1,228,456,000 after buying an additional 199,259 shares in the last quarter. Teachers Advisors LLC lifted its stake in shares of Microsoft Corporation by 7.8% in the fourth quarter. Teachers Advisors LLC now owns 16,381,888 shares of the software giant’s stock worth $1,017,971,000 after buying an additional 1,183,740 shares in the last quarter. Finally, Sanders Capital LLC lifted its stake in shares of Microsoft Corporation by 1.8% in the first quarter. Sanders Capital LLC now owns 11,856,396 shares of the software giant’s stock worth $803,298,000 after buying an additional 211,000 shares in the last quarter. 73.40% of the stock is currently owned by institutional investors and hedge funds.
Microsoft Corporation (NASDAQ MSFT) traded up 0.27% during midday trading on Friday, hitting $74.41. 14,111,365 shares of the stock traded hands. The stock has a 50-day moving average of $73.41 and a 200 day moving average of $69.80. The firm has a market cap of $573.12 billion, a PE ratio of 27.46 and a beta of 1.00. Microsoft Corporation has a 52-week low of $56.32 and a 52-week high of $75.97. Microsoft Corporation also was the recipient of some unusual options trading activity on Wednesday. Investors acquired 29,563 put options on the stock. This is an increase of approximately 118% compared to the typical daily volume of 13,565 put options.
Microsoft Corporation (NASDAQ:MSFT) last announced its quarterly earnings results on Thursday, July 20th. The software giant reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.27. The firm 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 company’s revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.69 EPS. Equities analysts forecast that Microsoft Corporation will post $3.18 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 16th will be given a dividend of $0.42 per share. This is a boost from Microsoft Corporation’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Wednesday, November 15th. This represents a $1.68 annualized dividend and a dividend yield of 2.26%. Microsoft Corporation’s payout ratio is presently 57.78%.
Several research analysts have recently issued reports on MSFT shares. ValuEngine upgraded shares of Microsoft Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, September 6th. Morgan Stanley reiterated an “overweight” rating and issued a $80.00 target price on shares of Microsoft Corporation in a research note on Thursday, July 13th. Stifel Nicolaus reiterated a “buy” rating and issued a $73.00 target price on shares of Microsoft Corporation in a research note on Sunday, July 9th. Cowen and Company reiterated an “outperform” rating and issued a $80.00 target price (up previously from $78.00) on shares of Microsoft Corporation in a research note on Saturday, July 22nd. Finally, Oppenheimer Holdings, Inc. reiterated a “buy” rating and issued a $80.00 target price on shares of Microsoft Corporation in a research note on Thursday, September 7th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and thirty have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $76.72.
In other Microsoft Corporation news, CFO Amy Hood sold 55,000 shares of the company’s stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $72.71, for a total value of $3,999,050.00. Following the transaction, the chief financial officer now owns 510,217 shares of the company’s stock, valued at $37,097,878.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 completion of the transaction, the insider now directly owns 544,080 shares in the company, valued at approximately $40,261,920. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,108,526 shares of company stock worth $515,879,974. Corporate insiders own 2.99% of the company’s stock.
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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