Baldwin Investment Management LLC continued to hold its stake in shares of Microsoft Corp. (NASDAQ:MSFT) during the second quarter, Holdings Channel reports. The institutional investor owned 11,450 shares of the software giant’s stock at the end of the second quarter. Baldwin Investment Management LLC’s holdings in Microsoft Corp. were worth $586,000 as of its most recent filing with the SEC.
Other large investors have also made changes to their positions in the company. Invictus RG acquired a new stake in shares of Microsoft Corp. during the first quarter valued at about $107,000. Riggs Asset Managment Co. Inc. boosted its position 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 last quarter. Lowe fs LLC boosted 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 valued at $164,000 after buying an additional 44 shares during the last quarter. Wrapmanager Inc. purchased a new position in shares of Microsoft Corp. during the first quarter valued at $205,000. Finally, CLS Investments LLC boosted 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 valued at $206,000 after buying an additional 3,206 shares during the last quarter. 71.58% of the stock is currently owned by institutional investors.
Shares of Microsoft Corp. (NASDAQ:MSFT) traded up 0.10% on Friday, hitting $57.80. The stock had a trading volume of 20,089,020 shares. The firm has a market cap of $450.41 billion, a P/E ratio of 27.52 and a beta of 1.09. The company’s 50-day moving average price is $57.48 and its 200 day moving average price is $54.34. Microsoft Corp. has a 12-month low of $46.50 and a 12-month high of $58.70.
Microsoft Corp. (NASDAQ:MSFT) last issued its quarterly earnings results on Tuesday, July 19th. The software giant reported $0.69 earnings per share for the quarter, beating the Zacks’ 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 business earned $22.60 billion during the quarter, compared to the consensus estimate of $22.15 billion. During the same period in the previous year, the business earned $0.60 EPS. On average, equities research analysts forecast that Microsoft Corp. will post $2.89 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 8th. Stockholders of record on Thursday, November 17th will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.70%. 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 payout ratio is 70.24%.
MSFT has been the topic of several recent research reports. Sanford C. Bernstein set a $68.00 price target on shares of Microsoft Corp. and gave the company a “buy” rating in a research report on Friday, July 15th. Jefferies Group set a $40.00 price target on shares of Microsoft Corp. and gave the company a “sell” rating in a research report on Tuesday, September 27th. Oppenheimer Holdings Inc. reissued an “outperform” rating and set a $62.00 price target on shares of Microsoft Corp. in a research report on Friday, July 22nd. Argus reissued a “hold” rating on shares of Microsoft Corp. in a research report on Monday, July 25th. Finally, Canaccord Genuity reissued a “hold” rating and set a $55.00 price target on shares of Microsoft Corp. in a research report on Wednesday, June 15th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $59.41.
In related news, insider G Mason Morfit sold 18,000,000 shares of the business’s stock in a transaction that occurred on 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 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 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 owns 523,425 shares of the company’s stock, valued at approximately $30,285,370.50. The disclosure for this sale can be found here. 3.76% of the stock is owned by 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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