Microsoft Corporation (MSFT) Holdings Lifted by IPG Investment Advisors LLC
IPG Investment Advisors LLC raised its holdings in Microsoft Corporation (NASDAQ:MSFT) by 2.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,979 shares of the software giant’s stock after purchasing an additional 379 shares during the quarter. IPG Investment Advisors LLC’s holdings in Microsoft Corporation were worth $1,170,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also made changes to their positions in the company. Northeast Financial Consultants Inc grew its stake in Microsoft Corporation by 17.4% in the 2nd quarter. Northeast Financial Consultants Inc now owns 10,100 shares of the software giant’s stock valued at $696,000 after purchasing an additional 1,500 shares during the period. River Wealth Advisors LLC grew its stake in Microsoft Corporation by 6.4% in the 2nd quarter. River Wealth Advisors LLC now owns 25,130 shares of the software giant’s stock valued at $1,732,000 after purchasing an additional 1,517 shares during the period. State of Wisconsin Investment Board grew its stake in Microsoft Corporation by 7.3% in the 1st quarter. State of Wisconsin Investment Board now owns 7,827,220 shares of the software giant’s stock valued at $515,501,000 after purchasing an additional 530,893 shares during the period. Taylor Cottrill Erickson & Associates Inc. grew its stake in Microsoft Corporation by 1.4% in the 2nd quarter. Taylor Cottrill Erickson & Associates Inc. now owns 65,566 shares of the software giant’s stock valued at $4,519,000 after purchasing an additional 900 shares during the period. Finally, HPM Partners LLC grew its stake in Microsoft Corporation by 293.5% in the 1st quarter. HPM Partners LLC now owns 161,065 shares of the software giant’s stock valued at $10,608,000 after purchasing an additional 120,135 shares during the period. Hedge funds and other institutional investors own 73.35% of the company’s stock.
TRADEMARK VIOLATION NOTICE: This piece of content was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this piece of content on another domain, it was stolen and reposted in violation of U.S. & international copyright & trademark laws. The correct version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/11/08/microsoft-corporation-msft-holdings-lifted-by-ipg-investment-advisors-llc.html.
In other news, insider Frank H. Brod sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $84.08, for a total value of $1,261,200.00. Following the completion of the transaction, the insider now owns 116,205 shares in the company, valued at approximately $9,770,516.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Amy Hood sold 55,000 shares of the firm’s stock in a transaction that occurred on 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 completion of 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. Over the last quarter, insiders sold 96,763 shares of company stock worth $7,240,712. Corporate insiders own 1.49% of the company’s stock.
Shares of Microsoft Corporation (MSFT) opened at $84.27 on Wednesday. The firm has a market capitalization of $648,870.00, a P/E ratio of 24.89, a PEG ratio of 1.97 and a beta of 1.01. Microsoft Corporation has a 1 year low of $57.28 and a 1 year high of $86.20. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.12 and a quick ratio of 3.06.
Microsoft Corporation (NASDAQ:MSFT) last issued its quarterly earnings data on Thursday, October 26th. The software giant reported $0.84 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.12. The firm had revenue of $24.50 billion for the quarter, compared to analyst estimates of $23.57 billion. Microsoft Corporation had a return on equity of 35.23% and a net margin of 24.56%. The business’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same period last year, the company earned $0.76 EPS. equities research analysts anticipate that Microsoft Corporation will post 3.37 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 16th will be given a $0.42 dividend. This is a positive change 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 1.99%. The ex-dividend date is Wednesday, November 15th. Microsoft Corporation’s dividend payout ratio (DPR) is currently 52.70%.
A number of research analysts have issued reports on the company. Tigress Financial restated a “buy” rating on shares of Microsoft Corporation in a research note on Tuesday. Credit Suisse Group set a $84.00 price target on Microsoft Corporation and gave the stock a “buy” rating in a research note on Friday, August 11th. Barclays PLC reiterated an “overweight” rating and set a $82.00 price target (up previously from $77.00) on shares of Microsoft Corporation in a research note on Friday, July 21st. Raymond James Financial, Inc. increased their price target on Microsoft Corporation to $84.00 and gave the stock a “buy” rating in a research note on Friday, July 21st. Finally, MKM Partners reiterated a “neutral” rating and set a $70.00 price target (up previously from $66.00) on shares of Microsoft Corporation in a research note on Sunday, July 23rd. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirty have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $83.02.
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.
Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Corporation (NASDAQ:MSFT).
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.