Osher Van de Voorde Investment Management Lowers Stake in Microsoft Co. (MSFT)
Osher Van de Voorde Investment Management trimmed its position in shares of Microsoft Co. (NASDAQ:MSFT) by 16.8% during the first quarter, HoldingsChannel.com reports. The firm owned 101,700 shares of the software giant’s stock after selling 20,470 shares during the period. Microsoft accounts for 4.7% of Osher Van de Voorde Investment Management’s holdings, making the stock its 4th biggest position. Osher Van de Voorde Investment Management’s holdings in Microsoft were worth $9,282,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of the company. HC Financial Advisors Inc. purchased a new stake in Microsoft in the 4th quarter valued at $2,206,000. American Century Companies Inc. raised its position in Microsoft by 4.1% in the 1st quarter. American Century Companies Inc. now owns 14,905,083 shares of the software giant’s stock valued at $1,360,387,000 after buying an additional 590,793 shares during the last quarter. Columbus Circle Investors raised its position in Microsoft by 16.4% in the 1st quarter. Columbus Circle Investors now owns 1,229,776 shares of the software giant’s stock valued at $112,242,000 after buying an additional 173,446 shares during the last quarter. Westpac Banking Corp raised its position in Microsoft by 11.5% in the 1st quarter. Westpac Banking Corp now owns 1,048,219 shares of the software giant’s stock valued at $95,671,000 after buying an additional 107,867 shares during the last quarter. Finally, Middleton & Co Inc MA raised its position in Microsoft by 1.9% in the 1st quarter. Middleton & Co Inc MA now owns 54,511 shares of the software giant’s stock valued at $4,976,000 after buying an additional 1,038 shares during the last quarter. 71.84% of the stock is currently owned by institutional investors.
In related news, Director Sandra E. Peterson bought 5,400 shares of the business’s stock in a transaction on Tuesday, June 5th. The stock was acquired at an average price of $101.96 per share, for a total transaction of $550,584.00. Following the purchase, the director now directly owns 5,400 shares in the company, valued at $550,584. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Satya Nadella sold 328,000 shares of the firm’s stock in a transaction dated Friday, August 10th. The stock was sold at an average price of $109.44, for a total value of $35,896,320.00. Following the completion of the transaction, the chief executive officer now owns 778,596 shares of the company’s stock, valued at approximately $85,209,546.24. The disclosure for this sale can be found here. Insiders have sold a total of 442,880 shares of company stock valued at $48,304,569 in the last quarter. 1.49% of the stock is owned by corporate insiders.
Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Thursday, July 19th. The software giant reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.05. The company had revenue of $30.09 billion during the quarter, compared to the consensus estimate of $29.23 billion. Microsoft had a return on equity of 36.69% and a net margin of 15.02%. The firm’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.75 EPS. equities analysts forecast that Microsoft Co. will post 4.25 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 13th. Stockholders of record on Thursday, August 16th will be paid a dividend of $0.42 per share. The ex-dividend date of this dividend is Wednesday, August 15th. This represents a $1.68 annualized dividend and a dividend yield of 1.50%. Microsoft’s payout ratio is 43.30%.
A number of research firms recently commented on MSFT. BidaskClub raised Microsoft from a “buy” rating to a “strong-buy” rating in a research report on Friday. Stifel Nicolaus reissued a “buy” rating and issued a $107.00 price target on shares of Microsoft in a research report on Wednesday, June 13th. Credit Suisse Group set a $125.00 price target on Microsoft and gave the company a “buy” rating in a research report on Friday, July 20th. Nomura set a $118.00 price target on Microsoft and gave the company a “buy” rating in a research report on Friday, July 20th. Finally, Atlantic Securities set a $130.00 price target on Microsoft and gave the company a “buy” rating in a research report on Friday, July 20th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, thirty have given a buy rating and two have issued a strong buy rating to the company. Microsoft currently has an average rating of “Buy” and a consensus target price of $118.11.
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates through Productivity and Business Processes, Intelligent Cloud, and More Personal Computing segments. The Productivity and Business Processes segment offers Office 365 commercial products and services for businesses, such as Office, Exchange, SharePoint, Skype for Business, Microsoft Teams, and related Client Access Licenses (CALs); Office 365 consumer services, including Skype, Outlook.com, and OneDrive; LinkedIn online professional network; and Dynamics business solutions comprising financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and medium businesses, large organizations, and divisions of enterprises.
See Also: Discover Your Risk Tolerance
Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Co. (NASDAQ:MSFT).
Receive News & Ratings for Microsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft and related companies with MarketBeat.com's FREE daily email newsletter.