Parkwood LLC Buys 7,298 Shares of Microsoft Corporation (MSFT)
Parkwood LLC increased its holdings in shares of Microsoft Corporation (NASDAQ:MSFT) by 7.5% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 104,284 shares of the software giant’s stock after purchasing an additional 7,298 shares during the period. Microsoft Corporation accounts for approximately 1.1% of Parkwood LLC’s holdings, making the stock its 18th largest position. Parkwood LLC’s holdings in Microsoft Corporation were worth $7,188,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of MSFT. Mitchell Mcleod Pugh & Williams Inc. grew its holdings in Microsoft Corporation by 0.7% during the first quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 24,251 shares of the software giant’s stock worth $1,597,000 after purchasing an additional 160 shares during the period. Legacy Private Trust Co. boosted its holdings in shares of Microsoft Corporation by 1.4% during the first quarter. Legacy Private Trust Co. now owns 83,580 shares of the software giant’s stock worth $5,504,000 after acquiring an additional 1,126 shares during the period. Murphy Capital Management Inc. boosted its holdings in shares of Microsoft Corporation by 3.9% during the first quarter. Murphy Capital Management Inc. now owns 74,816 shares of the software giant’s stock worth $4,927,000 after acquiring an additional 2,776 shares during the period. E&G Advisors LP boosted its holdings in shares of Microsoft Corporation by 18.8% during the first quarter. E&G Advisors LP now owns 8,851 shares of the software giant’s stock worth $583,000 after acquiring an additional 1,400 shares during the period. Finally, Gradient Investments LLC boosted its holdings in shares of Microsoft Corporation by 21.2% during the first quarter. Gradient Investments LLC now owns 8,540 shares of the software giant’s stock worth $562,000 after acquiring an additional 1,493 shares during the period. Institutional investors and hedge funds own 73.37% of the company’s stock.
In related news, insider G Mason Morfit sold 7,000,000 shares of the company’s stock in a transaction on Tuesday, August 8th. The shares were 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 at this link. Also, CFO Amy Hood sold 55,000 shares of the company’s stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $72.71, for a total transaction of $3,999,050.00. Following the transaction, the chief financial officer now owns 510,217 shares of the company’s stock, valued at approximately $37,097,878.07. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,108,526 shares of company stock valued at $515,879,974. 2.99% of the stock is owned by company insiders.
Microsoft Corporation (NASDAQ MSFT) traded up 0.764% on Friday, reaching $78.505. 5,981,627 shares of the company traded hands. The stock’s 50-day moving average is $75.19 and its 200-day moving average is $71.41. Microsoft Corporation has a 1-year low of $57.28 and a 1-year high of $78.57. The stock has a market capitalization of $604.66 billion, a price-to-earnings ratio of 28.969 and a beta of 1.01.
Microsoft Corporation (NASDAQ:MSFT) last issued 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 net margin of 23.57% and a return on equity of 36.81%. The firm had revenue of $24.70 billion during the quarter, compared to analyst estimates of $24.29 billion. During the same quarter in the prior year, the business earned $0.69 earnings per share. Microsoft Corporation’s revenue for the quarter was up 9.1% on a year-over-year basis. Equities research analysts expect that Microsoft Corporation will post $3.19 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 16th will be given a dividend of $0.42 per share. This is a positive change from Microsoft Corporation’s previous quarterly dividend of $0.39. The ex-dividend date is Wednesday, November 15th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.16%. Microsoft Corporation’s dividend payout ratio is currently 57.78%.
A number of brokerages have recently issued reports on MSFT. Goldman Sachs Group, Inc. (The) set a $88.00 price objective on Microsoft Corporation and gave the stock a “buy” rating in a report on Thursday. Royal Bank Of Canada set a $85.00 price objective on Microsoft Corporation and gave the stock a “buy” rating in a report on Wednesday. Morningstar, Inc. restated a “neutral” rating on shares of Microsoft Corporation in a report on Monday. Stifel Nicolaus restated a “buy” rating on shares of Microsoft Corporation in a report on Thursday, October 12th. Finally, Vetr cut Microsoft Corporation from a “buy” rating to a “hold” rating and set a $74.32 price objective for the company. in a report on Tuesday, September 12th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and twenty-eight have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $77.66.
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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