DUPONT CAPITAL MANAGEMENT Corp cut its stake in Microsoft Corp. (NASDAQ:MSFT) by 10.4% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 884,662 shares of the software giant’s stock after selling 103,173 shares during the period. Microsoft Corp. comprises 1.0% of DUPONT CAPITAL MANAGEMENT Corp’s holdings, making the stock its 8th largest position. DUPONT CAPITAL MANAGEMENT Corp’s holdings in Microsoft Corp. were worth $45,268,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of the company. Invictus RG acquired a new stake in shares of Microsoft Corp. during the first quarter valued at $107,000. Riggs Asset Managment Co. Inc. boosted its stake in shares of Microsoft Corp. by 6.6% in the second quarter. Riggs Asset Managment Co. Inc. now owns 2,375 shares of the software giant’s stock valued at $122,000 after buying an additional 147 shares during the period. Lowe fs LLC boosted its stake 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 valued at $164,000 after buying an additional 44 shares during the period. 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 valued at $202,000 after buying an additional 14 shares during the period. Finally, Wrapmanager Inc. acquired a new stake in shares of Microsoft Corp. during the first quarter valued at $205,000. Institutional investors and hedge funds own 71.58% of the company’s stock.
Microsoft Corp. (NASDAQ:MSFT) traded down 0.56% on Tuesday, hitting $57.10. 12,084,835 shares of the company traded hands. The firm’s 50 day moving average price is $57.49 and its 200 day moving average price is $54.23. The firm has a market capitalization of $444.95 billion, a PE ratio of 27.19 and a beta of 1.09. Microsoft Corp. has a 1-year low of $45.95 and a 1-year high of $58.70.
Microsoft Corp. (NASDAQ:MSFT) last released its quarterly earnings data on Tuesday, July 19th. The software giant reported $0.69 EPS for the quarter, topping the consensus estimate of $0.58 by $0.11. Microsoft Corp. had a return on equity of 29.38% and a net margin of 19.33%. The company earned $22.60 billion during the quarter, compared to the consensus estimate of $22.15 billion. During the same period last year, the company earned $0.60 EPS. Equities research analysts predict 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 represents a $1.56 annualized dividend and a yield of 2.72%. This is an increase from Microsoft Corp.’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Tuesday, November 15th. Microsoft Corp.’s dividend payout ratio (DPR) is presently 70.24%.
Several brokerages have weighed in on MSFT. Vetr upgraded shares of 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. Citigroup Inc. reissued a “sell” rating and issued a $36.00 target price on shares of Microsoft Corp. in a report on Tuesday, June 14th. Wunderlich raised their target price on shares of Microsoft Corp. from $55.00 to $60.00 and gave the company a “hold” rating in a report on Wednesday, July 20th. Sanford C. Bernstein set a $68.00 target price on shares of Microsoft Corp. and gave the company a “buy” rating in a report on Monday, June 27th. Finally, Evercore ISI reissued a “buy” rating on shares of Microsoft Corp. in a report on Monday, June 13th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average 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 dated Thursday, July 28th. The stock was sold at an average price of $56.12, for a total transaction 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 dated Thursday, July 21st. The shares were sold at an average price of $55.94, for a total value of $139,850,000.00. The disclosure for this sale can be found here. 3.76% of the stock is owned by corporate insiders.
About Microsoft Corp.
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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