Schwab Charles Investment Management Inc. Acquires 638,798 Shares of Microsoft Corporation (NASDAQ:MSFT)

Schwab Charles Investment Management Inc. raised its stake in shares of Microsoft Corporation (NASDAQ:MSFT) by 2.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 28,965,189 shares of the software giant’s stock after buying an additional 638,798 shares during the period. Microsoft Corporation makes up approximately 1.9% of Schwab Charles Investment Management Inc.’s investment portfolio, making the stock its 2nd largest position. Schwab Charles Investment Management Inc.’s holdings in Microsoft Corporation were worth $1,907,648,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Northstar Group Inc. increased its stake in shares of Microsoft Corporation by 0.3% in the first quarter. Northstar Group Inc. now owns 3,790 shares of the software giant’s stock valued at $248,000 after buying an additional 12 shares during the period. Gierl Augustine Investment Management Inc increased its stake in shares of Microsoft Corporation by 0.3% in the first quarter. Gierl Augustine Investment Management Inc now owns 4,034 shares of the software giant’s stock valued at $266,000 after buying an additional 13 shares during the period. Vista Capital Partners Inc. increased its stake in shares of Microsoft Corporation by 0.4% in the first quarter. Vista Capital Partners Inc. now owns 9,411 shares of the software giant’s stock valued at $620,000 after buying an additional 36 shares during the period. Horizon Kinetics LLC increased its stake in shares of Microsoft Corporation by 0.3% in the fourth quarter. Horizon Kinetics LLC now owns 18,380 shares of the software giant’s stock valued at $1,142,000 after buying an additional 50 shares during the period. Finally, McQueen Ball & Associates Inc. increased its stake in shares of Microsoft Corporation by 0.6% in the first quarter. McQueen Ball & Associates Inc. now owns 8,862 shares of the software giant’s stock valued at $584,000 after buying an additional 57 shares during the period. 72.86% of the stock is owned by institutional investors and hedge funds.

Shares of Microsoft Corporation (NASDAQ:MSFT) traded down 0.94% during midday trading on Thursday, hitting $71.79. 3,782,504 shares of the stock traded hands. The firm’s 50-day moving average is $71.61 and its 200 day moving average is $67.86. The company has a market capitalization of $552.94 billion, a price-to-earnings ratio of 26.49 and a beta of 1.01. Microsoft Corporation has a 52 week low of $55.61 and a 52 week high of $74.42.

Microsoft Corporation (NASDAQ:MSFT) last issued its quarterly earnings data on Thursday, July 20th. The software giant reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.27. The business had revenue of $24.70 billion during the quarter, compared to analyst estimates of $24.29 billion. Microsoft Corporation had a net margin of 23.57% and a return on equity of 36.81%. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter last year, the business earned $0.69 EPS. Equities analysts forecast that Microsoft Corporation will post $3.22 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Thursday, August 17th will be issued a $0.39 dividend. The ex-dividend date of this dividend is Tuesday, August 15th. This represents a $1.56 dividend on an annualized basis and a yield of 2.15%. Microsoft Corporation’s dividend payout ratio (DPR) is presently 57.78%.

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Several brokerages recently commented on MSFT. BidaskClub downgraded shares of Microsoft Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. Goldman Sachs Group, Inc. (The) set a $88.00 price target on shares of Microsoft Corporation and gave the company a “buy” rating in a research report on Friday, August 4th. Vetr upgraded shares of Microsoft Corporation from a “hold” rating to a “buy” rating and set a $77.30 price target for the company in a research report on Monday, July 31st. Cowen and Company restated an “outperform” rating and issued a $85.00 price target (up previously from $80.00) on shares of Microsoft Corporation in a research report on Monday, July 31st. Finally, Oppenheimer Holdings, Inc. set a $80.00 price target on shares of Microsoft Corporation and gave the company a “buy” rating in a research report on Wednesday, July 26th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-seven have issued a buy rating to the company. Microsoft Corporation currently has an average rating of “Buy” and a consensus target price of $76.15.

In related news, insider G Mason Morfit sold 7,000,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $72.56, for a total value of $507,920,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Christopher C. Capossela sold 4,927 shares of the firm’s stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $68.75, for a total transaction of $338,731.25. Following the completion of the transaction, the executive vice president now owns 214,080 shares of the company’s stock, valued at approximately $14,718,000. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,060,855 shares of company stock valued at $512,251,908. 2.99% of the stock is owned by company insiders.

Microsoft Corporation Company Profile

Microsoft Corporation is a technology company. The Company develops, licenses, and supports a range of software products, services and devices. The Company’s segments include Productivity and Business Processes, Intelligent Cloud and More Personal Computing. The Company’s 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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Institutional Ownership by Quarter for Microsoft Corporation (NASDAQ:MSFT)

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