Cobblestone Capital Advisors LLC NY Buys 1,426 Shares of Microsoft Corporation (MSFT)
Cobblestone Capital Advisors LLC NY grew its stake in shares of Microsoft Corporation (NASDAQ:MSFT) by 2.8% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 51,968 shares of the software giant’s stock after purchasing an additional 1,426 shares during the period. Cobblestone Capital Advisors LLC NY’s holdings in Microsoft were worth $3,582,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently modified their holdings of MSFT. Beaumont Financial Partners LLC boosted its stake in shares of Microsoft by 71.4% in the 1st quarter. Beaumont Financial Partners LLC now owns 11,069 shares of the software giant’s stock worth $729,000 after buying an additional 4,610 shares during the last quarter. Verity & Verity LLC boosted its stake in shares of Microsoft by 3.9% in the 1st quarter. Verity & Verity LLC now owns 131,784 shares of the software giant’s stock worth $8,680,000 after buying an additional 5,000 shares during the last quarter. Bank of Stockton boosted its stake in shares of Microsoft by 12.6% in the 1st quarter. Bank of Stockton now owns 13,360 shares of the software giant’s stock worth $879,000 after buying an additional 1,500 shares during the last quarter. Schaper Benz & Wise Investment Counsel Inc. WI boosted its stake in shares of Microsoft by 5.4% in the 1st quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 51,495 shares of the software giant’s stock worth $3,391,000 after buying an additional 2,623 shares during the last quarter. Finally, Seminole Management Co. Inc. boosted its stake in shares of Microsoft by 291.9% in the 1st quarter. Seminole Management Co. Inc. now owns 268,056 shares of the software giant’s stock worth $17,654,000 after buying an additional 199,656 shares during the last quarter. 73.35% of the stock is owned by hedge funds and other institutional investors.
MSFT has been the topic of a number of research analyst reports. ValuEngine upgraded Microsoft from a “hold” rating to a “buy” rating in a research note on Wednesday, September 6th. Morningstar reiterated a “neutral” rating on shares of Microsoft in a research note on Monday, October 16th. Credit Suisse Group reiterated an “outperform” rating on shares of Microsoft in a research note on Thursday, August 31st. Royal Bank Of Canada reiterated an “outperform” rating and issued a $88.00 price objective (up previously from $85.00) on shares of Microsoft in a research note on Friday, October 27th. Finally, KeyCorp reiterated a “buy” rating and issued a $82.00 price objective on shares of Microsoft in a research note on Sunday, September 10th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and thirty have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $84.48.
Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Thursday, October 26th. The software giant reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.12. The firm had revenue of $24.50 billion for the quarter, compared to analysts’ expectations of $23.57 billion. Microsoft had a net margin of 24.56% and a return on equity of 35.23%. The business’s quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.76 earnings per share. research analysts expect that Microsoft Corporation will post 3.38 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, February 15th will be issued a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $1.68 annualized dividend and a dividend yield of 1.99%. Microsoft’s payout ratio is currently 57.14%.
In related news, insider Frank H. Brod sold 15,000 shares of the stock in a transaction 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 transaction, the insider now owns 116,205 shares of the company’s stock, valued at $9,770,516.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Christopher C. Capossela sold 4,000 shares of the stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $83.44, for a total value of $333,760.00. Following the completion of the transaction, the executive vice president now directly owns 184,278 shares in the company, valued at approximately $15,376,156.32. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,000 shares of company stock worth $2,262,720. Insiders own 1.49% of the company’s stock.
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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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