Microsoft Corporation (MSFT) is Peak Asset Management LLC’s 4th Largest Position
Peak Asset Management LLC decreased its position in Microsoft Corporation (NASDAQ:MSFT) by 2.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 134,542 shares of the software giant’s stock after selling 3,065 shares during the period. Microsoft Corporation accounts for about 3.4% of Peak Asset Management LLC’s investment portfolio, making the stock its 4th biggest position. Peak Asset Management LLC’s holdings in Microsoft Corporation were worth $9,274,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. State Street Corp raised its stake in 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. raised its stake in 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 raised its stake in 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. Sanders Capital LLC raised its stake in Microsoft Corporation by 2.4% in the second quarter. Sanders Capital LLC now owns 12,143,596 shares of the software giant’s stock worth $924,807,000 after buying an additional 287,200 shares in the last quarter. Finally, Boston Partners raised its stake in Microsoft Corporation by 14.1% in the first quarter. Boston Partners now owns 11,579,231 shares of the software giant’s stock worth $762,607,000 after buying an additional 1,435,233 shares in the last quarter. Hedge funds and other institutional investors own 73.37% of the company’s stock.
Microsoft Corporation (MSFT) opened at $83.93 on Tuesday. 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 has a 1 year low of $57.28 and a 1 year high of $86.20. The company has a market cap of $647,022.69, a P/E ratio of 24.81, a price-to-earnings-growth ratio of 1.96 and a beta of 1.01.
Microsoft Corporation (NASDAQ:MSFT) last issued its quarterly earnings results on Thursday, October 26th. The software giant reported $0.84 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.12. Microsoft Corporation had a net margin of 24.56% and a return on equity of 35.23%. The company had revenue of $24.50 billion during the quarter, compared to analysts’ expectations of $23.57 billion. During the same quarter last year, the company posted $0.76 EPS. The firm’s revenue was up 11.7% compared to the same quarter last year. equities research analysts forecast that Microsoft Corporation will post 3.37 earnings per share for the current fiscal year.
The company 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 dividend of $0.42 per share. This is a boost from Microsoft Corporation’s previous quarterly dividend of $0.39. This represents a $1.68 annualized dividend and a dividend yield of 2.00%. The ex-dividend date is Wednesday, November 15th. Microsoft Corporation’s payout ratio is 53.06%.
A number of brokerages recently commented on MSFT. Vetr raised shares of Microsoft Corporation from a “hold” rating to a “buy” rating and set a $90.36 price objective for the company in a research note on Monday. Credit Suisse Group set a $84.00 price objective on shares of Microsoft Corporation and gave the stock a “buy” rating in a research note on Friday, August 11th. Tigress Financial reissued a “buy” rating on shares of Microsoft Corporation in a research note on Tuesday, November 7th. Barclays PLC reissued an “overweight” rating and issued a $82.00 price objective (up previously from $77.00) on shares of Microsoft Corporation in a research note on Friday, July 21st. Finally, Raymond James Financial, Inc. upped their price target on Microsoft Corporation to $84.00 and gave the stock a “buy” rating in a research report on Friday, July 21st. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and thirty have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $83.86.
In other news, CFO Amy Hood sold 55,000 shares of Microsoft Corporation stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $72.71, for a total transaction of $3,999,050.00. Following the completion of the sale, the chief financial officer now directly owns 510,217 shares of the company’s stock, valued at approximately $37,097,878.07. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Christopher C. Capossela sold 4,000 shares of Microsoft Corporation stock in a transaction on Friday, November 10th. The stock was sold at an average price of $83.46, for a total transaction of $333,840.00. Following the sale, the executive vice president now directly owns 189,278 shares of the company’s stock, valued at $15,797,141.88. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 100,763 shares of company stock valued at $7,574,552. Corporate insiders own 1.49% of the company’s stock.
Microsoft Corporation 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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