Microsoft Corporation (MSFT) is Private Wealth Partners LLC’s 4th Largest Position
Private Wealth Partners LLC lifted its position in Microsoft Corporation (NASDAQ:MSFT) by 13.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 269,013 shares of the software giant’s stock after purchasing an additional 31,830 shares during the quarter. Microsoft Corporation makes up 4.0% of Private Wealth Partners LLC’s investment portfolio, making the stock its 4th biggest holding. Private Wealth Partners LLC’s holdings in Microsoft Corporation were worth $18,543,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently made changes to their positions in MSFT. Appropriate Balance Financial Services Inc. raised its stake in Microsoft Corporation by 4.7% during the 2nd quarter. Appropriate Balance Financial Services Inc. now owns 643 shares of the software giant’s stock valued at $9,331,000 after acquiring an additional 29 shares during the last quarter. Hefty Wealth Partners raised its stake in Microsoft Corporation by 65.6% during the 2nd quarter. Hefty Wealth Partners now owns 1,648 shares of the software giant’s stock valued at $113,000 after acquiring an additional 653 shares during the last quarter. Asset Planning Services Ltd. raised its stake in Microsoft Corporation by 93.0% during the 1st quarter. Asset Planning Services Ltd. now owns 1,737 shares of the software giant’s stock valued at $114,000 after acquiring an additional 837 shares during the last quarter. Ullmann Financial Group Inc. purchased a new stake in Microsoft Corporation during the 1st quarter valued at approximately $132,000. Finally, Opera Trading Capital raised its stake in Microsoft Corporation by 1,522.0% during the 2nd quarter. Opera Trading Capital now owns 2,433 shares of the software giant’s stock valued at $168,000 after acquiring an additional 2,283 shares during the last quarter. 73.37% of the stock is owned by hedge funds and other institutional investors.
In other Microsoft Corporation news, insider G Mason Morfit sold 7,000,000 shares of the business’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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jean Philippe Courtois sold 26,763 shares of the business’s stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $74.00, for a total transaction of $1,980,462.00. Following the transaction, the insider now directly owns 544,080 shares of the company’s stock, 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 valued at $515,879,974. Company insiders own 2.99% of the company’s stock.
Several research firms have commented on MSFT. Goldman Sachs Group, Inc. (The) set a $88.00 price objective on Microsoft Corporation and gave the company a “buy” rating in a research note on Thursday. Royal Bank Of Canada set a $85.00 price objective on Microsoft Corporation and gave the company a “buy” rating in a research note on Wednesday. Morningstar, Inc. reaffirmed a “neutral” rating on shares of Microsoft Corporation in a research note on Monday, October 16th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Microsoft Corporation in a research note on Thursday, October 12th. Finally, Vetr downgraded Microsoft Corporation from a “buy” rating to a “hold” rating and set a $74.32 price objective for the company. in a research note on Tuesday, September 12th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twenty-eight have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $78.13.
Shares of Microsoft Corporation (MSFT) opened at 78.81 on Friday. Microsoft Corporation has a 12 month low of $57.28 and a 12 month high of $78.97. The stock has a market capitalization of $607.01 billion, a price-to-earnings ratio of 29.08 and a beta of 1.01. The stock’s 50 day moving average price is $75.30 and its 200-day moving average price is $71.50.
Microsoft Corporation (NASDAQ:MSFT) last released 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. The firm had revenue of $24.70 billion during the quarter, compared to analyst estimates of $24.29 billion. Microsoft Corporation had a net margin of 23.57% and a return on equity of 36.81%. The business’s revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.69 EPS. Equities analysts forecast that Microsoft Corporation will post $3.19 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders 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 of this dividend is Wednesday, November 15th. This represents a $1.68 dividend on an annualized basis and a yield of 2.13%. Microsoft Corporation’s payout ratio is currently 57.78%.
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.
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