Acropolis Investment Management LLC decreased its position in Microsoft Corp. (NASDAQ:MSFT) by 0.3% during the second quarter, Holdings Channel reports. The firm owned 36,769 shares of the software giant’s stock after selling 108 shares during the period. Acropolis Investment Management LLC’s holdings in Microsoft Corp. were worth $1,881,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Northstar Group Inc. boosted its stake 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. boosted its stake 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 boosted its stake 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. First United Bank Trust boosted its stake 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. Finally, West Oak Capital LLC boosted its stake in shares of Microsoft Corp. by 1.1% in the second quarter. West Oak Capital LLC now owns 9,010 shares of the software giant’s stock worth $461,000 after buying an additional 100 shares during the period. 71.58% of the stock is owned by institutional investors and hedge funds.
Shares of Microsoft Corp. (NASDAQ:MSFT) traded up 0.35% during mid-day trading on Friday, hitting $57.60. The stock had a trading volume of 29,910,788 shares. The stock’s 50-day moving average is $57.50 and its 200 day moving average is $54.21. Microsoft Corp. has a 1-year low of $45.70 and a 1-year high of $58.70. The firm has a market capitalization of $448.85 billion, a price-to-earnings ratio of 27.43 and a beta of 1.08.
Microsoft Corp. (NASDAQ:MSFT) last announced its earnings results on Tuesday, July 19th. The software giant reported $0.69 earnings per share (EPS) for the quarter, topping the 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 company earned $22.60 billion during the quarter, compared to analyst estimates of $22.15 billion. During the same period in the previous year, the business earned $0.60 earnings per share. Equities research analysts predict that Microsoft Corp. will post $2.89 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 8th. Investors of record on Thursday, November 17th will be given a $0.39 dividend. The ex-dividend date is Tuesday, November 15th. 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%. Microsoft Corp.’s payout ratio is 70.24%.
A number of equities research analysts recently commented on the company. Vetr raised Microsoft Corp. from a “buy” rating to a “strong-buy” rating and set a $57.13 price objective for the company in a research note on Tuesday, June 14th. BMO Capital Markets reissued a “buy” rating and issued a $57.00 target price on shares of Microsoft Corp. in a research note on Sunday, July 17th. Nomura reissued a “buy” rating on shares of Microsoft Corp. in a research note on Sunday, July 17th. Sanford C. Bernstein set a $69.00 target price on Microsoft Corp. and gave the company a “buy” rating in a research note on Thursday, July 21st. Finally, Cowen and Company reissued an “outperform” rating and issued a $60.00 target price on shares of Microsoft Corp. in a research note on Friday. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty have assigned a buy rating to the stock. Microsoft Corp. has a consensus rating of “Buy” and a consensus target price of $59.41.
In other Microsoft Corp. news, insider G Mason Morfit sold 18,000,000 shares of the business’s stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $56.12, for a total value of $1,010,160,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director William H. Gates III sold 2,500,000 shares of the business’s stock in a transaction on Thursday, July 21st. The stock was sold at an average price of $55.94, for a total transaction of $139,850,000.00. 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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