Vista Capital Partners Inc. Trims Holdings in Microsoft Corporation (MSFT)
Vista Capital Partners Inc. cut its holdings in shares of Microsoft Corporation (NASDAQ:MSFT) by 1.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,272 shares of the software giant’s stock after selling 139 shares during the quarter. Microsoft Corporation accounts for 0.2% of Vista Capital Partners Inc.’s investment portfolio, making the stock its 18th largest position. Vista Capital Partners Inc.’s holdings in Microsoft Corporation were worth $639,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of MSFT. Hefty Wealth Partners increased its stake in shares of Microsoft Corporation by 65.6% during the second quarter. Hefty Wealth Partners now owns 1,648 shares of the software giant’s stock worth $113,000 after buying an additional 653 shares during the period. Asset Planning Services Ltd. raised its holdings in Microsoft Corporation by 93.0% during the first quarter. Asset Planning Services Ltd. now owns 1,737 shares of the software giant’s stock worth $114,000 after purchasing an additional 837 shares in the last quarter. Ullmann Financial Group Inc. purchased a new stake in shares of Microsoft Corporation during the 1st quarter worth approximately $132,000. Arcus Capital Partners LLC purchased a new stake in shares of Microsoft Corporation during the 1st quarter worth approximately $205,000. Finally, Schneider Downs Wealth Management Advisors LP purchased a new stake in shares of Microsoft Corporation during the 1st quarter worth approximately $209,000. 73.40% of the stock is owned by institutional investors.
In related news, insider G Mason Morfit sold 7,000,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $72.56, for a total transaction of $507,920,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jean Philippe Courtois sold 26,763 shares of the business’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $74.00, for a total value of $1,980,462.00. Following the transaction, the insider now owns 537,519 shares of the company’s stock, valued at approximately $39,776,406. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,108,526 shares of company stock worth $515,879,974. Insiders own 2.99% of the company’s stock.
A number of analysts recently issued reports on MSFT shares. ValuEngine raised Microsoft Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, September 6th. Credit Suisse Group reissued an “outperform” rating on shares of Microsoft Corporation in a research note on Thursday, August 31st. Royal Bank Of Canada set a $77.00 price target on shares of Microsoft Corporation and gave the stock a “buy” rating in a report on Monday, July 10th. Zacks Investment Research downgraded Microsoft Corporation from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 24th. Finally, KeyCorp reiterated a “buy” rating and issued a $82.00 price objective on shares of Microsoft Corporation in a research report on Sunday, September 10th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and twenty-nine have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $76.72.
Microsoft Corporation (MSFT) traded down 0.38% on Tuesday, hitting $74.33. 5,014,809 shares of the stock traded hands. The company’s 50 day moving average price is $73.86 and its 200-day moving average price is $70.42. The stock has a market cap of $572.51 billion, a price-to-earnings ratio of 27.43 and a beta of 1.01. Microsoft Corporation has a 52-week low of $56.32 and a 52-week high of $75.97.
Microsoft Corporation (NASDAQ:MSFT) last posted its quarterly earnings results on Thursday, July 20th. The software giant reported $0.98 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.27. The business had revenue of $24.70 billion during the quarter, compared to the consensus estimate of $24.29 billion. Microsoft Corporation had a return on equity of 36.81% and a net margin of 23.57%. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.69 EPS. On average, analysts forecast that Microsoft Corporation will post $3.20 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 16th will be issued a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, November 15th. This is an increase from Microsoft Corporation’s previous quarterly dividend of $0.39. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.25%. Microsoft Corporation’s payout ratio is 57.78%.
COPYRIGHT VIOLATION WARNING: This report was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this report on another website, it was illegally copied and reposted in violation of US & international trademark and copyright laws. The original version of this report can be accessed at https://www.thecerbatgem.com/2017/10/03/vista-capital-partners-inc-trims-holdings-in-microsoft-corporation-msft.html.
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.
Receive News & Stock Ratings for Microsoft Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft Corporation and related stocks with our FREE daily email newsletter.