Kessler Investment Group LLC lowered its stake in shares of Microsoft Corp. (NASDAQ:MSFT) by 3.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 76,065 shares of the software giant’s stock after selling 2,375 shares during the period. Microsoft Corp. makes up 5.6% of Kessler Investment Group LLC’s portfolio, making the stock its largest position. Kessler Investment Group LLC’s holdings in Microsoft Corp. were worth $3,892,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Invictus RG bought a new position in Microsoft Corp. during the first quarter valued at approximately $107,000. 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 during the period. Wrapmanager Inc. bought a new position in Microsoft Corp. during the first quarter valued at approximately $205,000. CLS Investments LLC increased 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 during the period. Finally, Windward Capital Management Co. CA increased 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 during the period. 71.58% of the stock is owned by institutional investors and hedge funds.
Shares of Microsoft Corp. (NASDAQ:MSFT) traded down 0.33% during trading on Thursday, hitting $56.92. The stock had a trading volume of 25,313,748 shares. The company has a market capitalization of $443.55 billion, a price-to-earnings ratio of 27.10 and a beta of 1.09. Microsoft Corp. has a 1-year low of $46.53 and a 1-year high of $58.70. The firm has a 50 day moving average of $57.45 and a 200 day moving average of $54.41.
Microsoft Corp. (NASDAQ:MSFT) last posted its quarterly earnings results on Tuesday, July 19th. The software giant reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.11. The business had revenue of $22.60 billion for the quarter, compared to analysts’ expectations of $22.15 billion. Microsoft Corp. had a return on equity of 29.38% and a net margin of 19.33%. During the same quarter last year, the business earned $0.60 earnings per share. Analysts expect that Microsoft Corp. will post $2.89 EPS for the current fiscal year.
The company also recently declared 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 is a boost from Microsoft Corp.’s previous quarterly dividend of $0.36. The ex-dividend date is Tuesday, November 15th. This represents a $1.56 annualized dividend and a yield of 2.74%. Microsoft Corp.’s dividend payout ratio (DPR) is currently 70.24%.
Several analysts have recently issued reports on the stock. Vetr upgraded shares of Microsoft Corp. from a “buy” rating to a “strong-buy” rating and set a $57.32 target price on the stock in a research report on Tuesday, July 5th. Wunderlich upped their target price on shares of Microsoft Corp. from $55.00 to $60.00 and gave the company a “hold” rating in a research 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 research report on Monday, June 27th. Nomura restated a “buy” rating and set a $65.00 target price on shares of Microsoft Corp. in a research report on Thursday, July 28th. Finally, Credit Agricole SA restated an “outperform” rating and set a $60.00 target price on shares of Microsoft Corp. in a research report on Wednesday, October 5th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-one have given a buy rating to the company’s stock. Microsoft Corp. presently has an average rating of “Buy” and a consensus price target of $59.55.
In other Microsoft Corp. news, CEO Satya Nadella sold 143,000 shares of the firm’s stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $57.97, for a total transaction of $8,289,710.00. Following the transaction, the chief executive officer now owns 1,200,822 shares in the company, valued at $69,611,651.34. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director William H. Gates III sold 2,500,000 shares of the firm’s stock in a transaction dated Thursday, July 21st. The stock was 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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