Vigilant Capital Management LLC boosted its stake in Microsoft Corp. (NASDAQ:MSFT) by 6.0% during the second quarter, Holdings Channel reports. The institutional investor owned 7,413 shares of the software giant’s stock after buying an additional 422 shares during the period. Vigilant Capital Management LLC’s holdings in Microsoft Corp. were worth $379,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Invictus RG purchased a new position in Microsoft Corp. during the first quarter valued at approximately $107,000. Northstar Group Inc. raised its position in 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 in the last quarter. Wrapmanager Inc. purchased a new position in Microsoft Corp. during the first quarter valued at approximately $205,000. CLS Investments LLC raised its position in 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 in the last quarter. Finally, Windward Capital Management Co. CA raised its position in 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 valued at $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 down 1.46% during mid-day trading on Tuesday, hitting $57.19. The stock had a trading volume of 26,497,418 shares. The firm’s 50-day moving average is $57.49 and its 200 day moving average is $54.37. The stock has a market cap of $445.65 billion, a PE ratio of 27.23 and a beta of 1.09. Microsoft Corp. has a one year low of $46.53 and a one year high of $58.70.
Microsoft Corp. (NASDAQ:MSFT) last issued its earnings results on Tuesday, July 19th. The software giant reported $0.69 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.11. The firm earned $22.60 billion during the quarter, compared to analysts’ expectations of $22.15 billion. Microsoft Corp. had a net margin of 19.33% and a return on equity of 29.38%. During the same period last year, the firm posted $0.60 earnings per share. Equities research analysts expect that Microsoft Corp. will post $2.89 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 8th. Investors of record on Thursday, November 17th will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 2.73%. This is a boost 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%.
A number of research analysts recently issued reports on the company. Vetr upgraded Microsoft Corp. from a “buy” rating to a “strong-buy” rating and set a $57.13 target price for the company in a report on Tuesday, June 14th. Citigroup Inc. reiterated a “sell” rating and issued a $36.00 target price on shares of Microsoft Corp. in a report on Tuesday, June 14th. Wunderlich lifted their target price on 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 Microsoft Corp. and gave the company a “buy” rating in a report on Monday, June 27th. Finally, Evercore ISI reiterated a “buy” rating on shares of Microsoft Corp. in a report on Monday, June 13th. 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 company. The company has an average rating of “Buy” and an average price target of $59.41.
In related news, insider G Mason Morfit sold 18,000,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $56.12, for a total transaction of $1,010,160,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William H. Gates III sold 2,500,000 shares of the firm’s stock in a transaction that occurred 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. Corporate insiders own 3.76% of the company’s stock.
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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