Coastline Trust Co increased its position in shares of Microsoft Corp. (NASDAQ:MSFT) by 0.2% during the second quarter, Holdings Channel reports. The institutional investor owned 109,172 shares of the software giant’s stock after buying an additional 245 shares during the period. Microsoft Corp. accounts for 1.1% of Coastline Trust Co’s investment portfolio, making the stock its 13th largest position. Coastline Trust Co’s holdings in Microsoft Corp. were worth $5,586,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Invictus RG bought a new position in shares of Microsoft Corp. during the first quarter worth about $107,000. 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 in the last quarter. Wrapmanager Inc. bought a new position in shares of Microsoft Corp. during the first quarter worth about $205,000. CLS Investments LLC increased its position in shares of Microsoft Corp. by 616.5% in the first quarter. CLS Investments LLC now owns 3,726 shares of the software giant’s stock worth $206,000 after buying an additional 3,206 shares in the last quarter. Finally, Windward Capital Management Co. CA increased its position in shares of Microsoft Corp. by 4.0% in the second quarter. Windward Capital Management Co. CA now owns 4,676 shares of the software giant’s stock worth $239,000 after buying an additional 179 shares in the last quarter. Institutional investors and hedge funds own 71.58% of the company’s stock.
Microsoft Corp. (NASDAQ:MSFT) traded up 0.10% during trading on Friday, hitting $57.80. The company had a trading volume of 20,089,020 shares. Microsoft Corp. has a 12 month low of $46.50 and a 12 month high of $58.70. The company’s 50 day moving average price is $57.48 and its 200-day moving average price is $54.34. The company has a market cap of $450.41 billion, a PE ratio of 27.52 and a beta of 1.09.
Microsoft Corp. (NASDAQ:MSFT) last posted its earnings results 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. The business had revenue of $22.60 billion for the quarter, compared to analyst estimates of $22.15 billion. Microsoft Corp. had a net margin of 19.33% and a return on equity of 29.38%. During the same quarter in the previous year, the business posted $0.60 EPS. Equities analysts expect that Microsoft Corp. will post $2.89 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 8th. Shareholders of record on Thursday, November 17th will be issued a $0.39 dividend. The ex-dividend date is Tuesday, November 15th. This represents a $1.56 dividend on an annualized basis and a yield of 2.70%. This is a positive change from Microsoft Corp.’s previous quarterly dividend of $0.36. Microsoft Corp.’s payout ratio is currently 70.24%.
A number of brokerages have recently issued reports on MSFT. Vetr upgraded Microsoft Corp. from a “buy” rating to a “strong-buy” rating and set a $57.13 price target on the stock in a report on Tuesday, June 14th. Citigroup Inc. restated a “sell” rating and set a $36.00 target price on shares of Microsoft Corp. in a research note on Tuesday, June 14th. Wunderlich boosted their target price on Microsoft Corp. from $55.00 to $60.00 and gave the stock a “hold” rating in a research note on Wednesday, July 20th. Sanford C. Bernstein set a $68.00 target price on Microsoft Corp. and gave the stock a “buy” rating in a research note on Monday, June 27th. Finally, Evercore ISI restated a “buy” rating on shares of Microsoft Corp. in a research note on Monday, June 13th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty have issued a buy rating to the stock. Microsoft Corp. has an average rating of “Buy” and a consensus target price of $59.41.
In other Microsoft Corp. news, CEO Satya Nadella sold 143,000 shares of the business’s stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $57.97, for a total value of $8,289,710.00. Following the transaction, the chief executive officer now owns 1,200,822 shares in the company, valued at approximately $69,611,651.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Amy Hood sold 120,000 shares of the business’s stock in a transaction on Monday, August 8th. The stock was sold at an average price of $57.86, for a total transaction of $6,943,200.00. Following the completion of the transaction, the chief financial officer now owns 523,425 shares in the company, valued at approximately $30,285,370.50. The disclosure for this sale can be found here. 3.76% of the stock is currently owned by company 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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