Goelzer Investment Management Inc. Sells 815 Shares of Microsoft Corporation (MSFT)
Goelzer Investment Management Inc. lowered its position in Microsoft Corporation (NASDAQ:MSFT) by 0.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 106,805 shares of the software giant’s stock after selling 815 shares during the quarter. Microsoft Corporation accounts for approximately 0.9% of Goelzer Investment Management Inc.’s investment portfolio, making the stock its 28th largest position. Goelzer Investment Management Inc.’s holdings in Microsoft Corporation were worth $7,362,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the company. Hefty Wealth Partners increased its position 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 purchasing an additional 653 shares during the period. Ullmann Financial Group Inc. acquired a new stake in Microsoft Corporation during the 1st quarter valued at approximately $132,000. Opera Trading Capital increased its position 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 purchasing an additional 2,283 shares during the period. Baystate Wealth Management LLC increased its position in Microsoft Corporation by 3.6% during the 2nd quarter. Baystate Wealth Management LLC now owns 10,688 shares of the software giant’s stock valued at $184,000 after purchasing an additional 374 shares during the period. Finally, Brouwer & Janachowski LLC acquired a new stake in Microsoft Corporation during the 2nd quarter valued at approximately $203,000. 73.37% of the stock is owned by institutional investors.
Microsoft Corporation (MSFT) opened at $82.98 on Thursday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 3.06 and a current ratio of 3.12. Microsoft Corporation has a 52 week low of $58.80 and a 52 week high of $86.20. The firm has a market capitalization of $648,411.31, a price-to-earnings ratio of 24.87, a price-to-earnings-growth ratio of 1.96 and a beta of 1.01.
Microsoft Corporation (NASDAQ:MSFT) last announced its earnings results on Thursday, October 26th. The software giant reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.12. Microsoft Corporation had a return on equity of 35.23% and a net margin of 24.56%. The firm had revenue of $24.50 billion during the quarter, compared to analyst estimates of $23.57 billion. During the same period last year, the firm posted $0.76 EPS. The business’s revenue was up 11.7% compared to the same quarter last year. equities research analysts anticipate that Microsoft Corporation will post 3.37 earnings per share for the current 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 given a dividend of $0.42 per share. The ex-dividend date is Wednesday, November 15th. This is a positive change from Microsoft Corporation’s previous quarterly dividend of $0.39. This represents a $1.68 annualized dividend and a dividend yield of 2.02%. Microsoft Corporation’s dividend payout ratio (DPR) is currently 53.06%.
A number of equities analysts have issued reports on MSFT shares. Wells Fargo & Company set a $82.50 price target on Microsoft Corporation and gave the stock a “buy” rating in a report on Friday, July 21st. Sanford C. Bernstein set a $87.00 price target on Microsoft Corporation and gave the stock a “buy” rating in a report on Friday, July 21st. UBS AG restated a “buy” rating and set a $82.00 price target (up from $73.00) on shares of Microsoft Corporation in a report 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 report on Friday, July 21st. Finally, Deutsche Bank AG restated a “buy” rating and set a $85.00 price target (up from $80.00) on shares of Microsoft Corporation in a report on Friday, July 21st. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirty have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $83.86.
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In other news, CFO Amy Hood sold 55,000 shares of the firm’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 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 sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Christopher C. Capossela sold 4,000 shares of the firm’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $83.46, for a total value 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 104,763 shares of company stock valued at $7,908,472. Insiders own 1.49% of the company’s stock.
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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