Taylor Wealth Management Partners boosted its position in Microsoft Corp. (NASDAQ:MSFT) by 7,177.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 171,028 shares of the software giant’s stock after buying an additional 168,678 shares during the period. Microsoft Corp. comprises about 3.5% of Taylor Wealth Management Partners’ holdings, making the stock its 9th largest position. Taylor Wealth Management Partners’ holdings in Microsoft Corp. were worth $8,752,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently modified their holdings of the company. Invictus RG purchased a new position in shares of Microsoft Corp. during the first quarter worth $107,000. Riggs Asset Managment Co. Inc. increased its position in 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 in the last quarter. Lowe fs LLC increased its position in 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 in the last quarter. Northstar Group Inc. increased 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. Finally, Wrapmanager Inc. bought a new position in Microsoft Corp. during the first quarter valued at approximately $205,000. Institutional investors and hedge funds own 71.58% of the company’s stock.
Shares of Microsoft Corp. (NASDAQ:MSFT) traded down 0.26% on Wednesday, hitting $57.04. The stock had a trading volume of 11,372,111 shares. The company’s 50 day moving average price is $57.48 and its 200-day moving average price is $54.39. The company has a market cap of $444.49 billion, a P/E ratio of 27.16 and a beta of 1.09. Microsoft Corp. has a 12 month low of $46.53 and a 12 month high of $58.70.
Microsoft Corp. (NASDAQ:MSFT) last released its quarterly earnings results on Tuesday, July 19th. The software giant reported $0.69 EPS for the quarter, topping analysts’ consensus estimates 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 had revenue of $22.60 billion for the quarter, compared to analysts’ expectations of $22.15 billion. During the same period in the prior year, the firm earned $0.60 earnings per share. On average, analysts expect that Microsoft Corp. will post $2.89 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 8th. Shareholders of record on Thursday, November 17th will be paid 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 is Tuesday, November 15th. Microsoft Corp.’s dividend payout ratio is 70.24%.
Several equities analysts have commented on MSFT shares. Cowen and Company reiterated an “outperform” rating and issued a $60.00 price objective on shares of Microsoft Corp. in a report on Friday, September 30th. Credit Agricole SA reiterated an “outperform” rating and issued a $60.00 price objective on shares of Microsoft Corp. in a report on Wednesday, October 5th. Vetr upgraded shares of Microsoft Corp. from a “hold” rating to a “buy” rating and set a $59.88 price objective on the stock in a report on Thursday, September 8th. Goldman Sachs Group Inc. set a $55.00 price objective on shares of Microsoft Corp. and gave the company a “neutral” rating in a report on Wednesday, June 29th. Finally, Jefferies Group set a $40.00 price objective on shares of Microsoft Corp. and gave the company a “sell” rating in a report on Tuesday, September 27th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $59.42.
In other news, CEO Satya Nadella sold 143,000 shares of the stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $57.97, for a total value of $8,289,710.00. Following the sale, the chief executive officer now directly owns 1,200,822 shares in the company, valued at $69,611,651.34. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Amy Hood sold 120,000 shares of the stock in a transaction 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 completion of the sale, the chief financial officer now owns 523,425 shares in the company, valued at $30,285,370.50. The disclosure for this sale can be found here. Company insiders own 3.76% of the company’s stock.
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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