Sunnymeath Asset Management Inc. held its position in shares of Microsoft Corp. (NASDAQ:MSFT) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,070 shares of the software giant’s stock at the end of the second quarter. Sunnymeath Asset Management Inc.’s holdings in Microsoft Corp. were worth $208,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Benin Management CORP increased its stake in Microsoft Corp. by 0.5% in the first quarter. Benin Management CORP now owns 78,152 shares of the software giant’s stock worth $4,316,000 after buying an additional 400 shares during the last quarter. FirstMerit Bank N A Trustee increased its stake in Microsoft Corp. by 23.0% in the first quarter. FirstMerit Bank N A Trustee now owns 217,643 shares of the software giant’s stock worth $12,021,000 after buying an additional 40,702 shares during the last quarter. Howard Capital Management increased its stake in Microsoft Corp. by 2.3% in the first quarter. Howard Capital Management now owns 312,760 shares of the software giant’s stock worth $17,274,000 after buying an additional 7,086 shares during the last quarter. V Wealth Management LLC acquired a new stake in Microsoft Corp. during the first quarter worth approximately $552,000. Finally, Sigma Planning Corp increased its stake in Microsoft Corp. by 23.7% in the first quarter. Sigma Planning Corp now owns 101,845 shares of the software giant’s stock worth $5,625,000 after buying an additional 19,501 shares during the last quarter. 71.58% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Microsoft Corp. (NASDAQ:MSFT) traded up 0.88% on Friday, reaching $57.42. The company’s stock had a trading volume of 27,402,451 shares. Microsoft Corp. has a 1-year low of $47.02 and a 1-year high of $58.70. The stock has a 50-day moving average of $57.40 and a 200 day moving average of $54.45. The stock has a market capitalization of $447.45 billion, a PE ratio of 27.34 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 EPS for the quarter, topping the consensus estimate of $0.58 by $0.11. Microsoft Corp. had a net margin of 19.33% and a return on equity of 29.38%. The firm earned $22.60 billion during the quarter, compared to analysts’ expectations of $22.15 billion. During the same quarter in the prior year, the firm earned $0.60 EPS. On average, equities analysts forecast that Microsoft Corp. will post $2.89 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 8th. Shareholders of record on Thursday, November 17th will be given 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 2.72%. Microsoft Corp.’s dividend payout ratio is 70.24%.
A number of analysts have commented on MSFT shares. Sanford C. Bernstein set a $68.00 price objective on shares of Microsoft Corp. and gave the company a “buy” rating in a report on Friday, July 15th. Jefferies Group set a $40.00 price objective on Microsoft Corp. and gave the stock a “sell” rating in a research report on Tuesday, September 27th. Oppenheimer Holdings Inc. reiterated an “outperform” rating and issued a $62.00 price objective on shares of Microsoft Corp. in a research report on Friday, July 22nd. Argus reiterated a “hold” rating on shares of Microsoft Corp. in a research report on Monday, July 25th. Finally, Independent Research GmbH set a $50.00 price objective on Microsoft Corp. and gave the stock a “sell” rating in a research report on Thursday, July 21st. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-one have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $59.55.
In other Microsoft Corp. news, CEO Satya Nadella sold 143,000 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 1,200,822 shares in the company, valued at approximately $69,611,651.34. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director William H. Gates III sold 2,500,000 shares of the company’s stock in a transaction dated 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. 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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