World Asset Management Inc increased its stake in shares of Microsoft Corp. (NASDAQ:MSFT) by 0.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 789,373 shares of the software giant’s stock after buying an additional 1,571 shares during the period. Microsoft Corp. makes up approximately 1.5% of World Asset Management Inc’s investment portfolio, making the stock its 3rd largest position. World Asset Management Inc’s holdings in Microsoft Corp. were worth $40,392,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of the stock. Northstar Group Inc. increased its position in shares of Microsoft Corp. by 0.4% in the second quarter. Northstar Group Inc. now owns 3,953 shares of the software giant’s stock worth $202,000 after buying an additional 14 shares during the period. McQueen Ball & Associates Inc. increased its position in shares of Microsoft Corp. by 0.3% in the first quarter. McQueen Ball & Associates Inc. now owns 8,429 shares of the software giant’s stock worth $466,000 after buying an additional 25 shares during the period. Palisade Capital Management LLC NJ increased its position in shares of Microsoft Corp. by 0.4% in the first quarter. Palisade Capital Management LLC NJ now owns 6,744 shares of the software giant’s stock worth $372,000 after buying an additional 27 shares during the period. Lowe fs LLC increased its position in shares of Microsoft Corp. by 1.4% in the second quarter. Lowe fs LLC now owns 3,206 shares of the software giant’s stock worth $164,000 after buying an additional 44 shares during the period. Finally, First United Bank Trust increased its position in shares of Microsoft Corp. by 0.6% in the second quarter. First United Bank Trust now owns 7,931 shares of the software giant’s stock worth $406,000 after buying an additional 50 shares during the period. 71.58% of the stock is owned by hedge funds and other institutional investors.
Shares of Microsoft Corp. (NASDAQ:MSFT) traded up 0.35% during midday trading on Friday, reaching $57.60. 29,910,788 shares of the company were exchanged. Microsoft Corp. has a 52-week low of $45.70 and a 52-week high of $58.70. The company has a market capitalization of $448.85 billion, a P/E ratio of 27.43 and a beta of 1.08. The stock has a 50-day moving average price of $57.50 and a 200 day moving average price of $54.21.
Microsoft Corp. (NASDAQ:MSFT) last announced its quarterly earnings data on Tuesday, July 19th. The software giant reported $0.69 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.11. Microsoft Corp. had a net margin of 19.33% and a return on equity of 29.38%. The business had revenue of $22.60 billion for the quarter, compared to analyst estimates of $22.15 billion. During the same period in the prior year, the business posted $0.60 earnings per share. Equities research analysts expect that Microsoft Corp. will post $2.89 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 8th. Investors of record on Thursday, November 17th will be issued a $0.39 dividend. This is a positive change from Microsoft Corp.’s previous quarterly dividend of $0.36. This represents a $1.56 annualized dividend and a yield of 2.71%. The ex-dividend date of this dividend is Tuesday, November 15th. Microsoft Corp.’s dividend payout ratio is currently 70.24%.
A number of equities analysts have recently issued reports on the company. BMO Capital Markets reissued a “buy” rating and set a $57.00 target price on shares of Microsoft Corp. in a research note on Sunday, July 17th. Nomura restated a “buy” rating on shares of Microsoft Corp. in a report on Sunday, July 17th. Evercore ISI restated a “buy” rating on shares of Microsoft Corp. in a report on Monday, June 13th. Deutsche Bank AG restated a “buy” rating and issued a $65.00 price target on shares of Microsoft Corp. in a report on Wednesday, June 15th. Finally, Royal Bank Of Canada restated a “buy” rating on shares of Microsoft Corp. in a report on Tuesday, June 14th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and twenty have assigned a buy rating to the company. Microsoft Corp. currently has an average rating of “Buy” and an average target price of $59.41.
In related news, CFO Amy Hood sold 120,000 shares of the stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $57.86, for a total value of $6,943,200.00. Following the transaction, the chief financial officer now directly owns 523,425 shares in the company, valued at $30,285,370.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Satya Nadella sold 143,000 shares of the stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $57.97, for a total transaction of $8,289,710.00. Following the completion of the transaction, the chief executive officer now owns 1,200,822 shares in the company, valued at $69,611,651.34. The disclosure for this sale can be found here. 3.76% of the stock is currently owned by corporate insiders.
Microsoft Corp. Company Profile
Microsoft Corporation is a technology company. The Company develops, licenses and supports a range of software products, services and devices. Its segments are Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. Its 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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