Leavell Investment Management Inc. lessened its stake in shares of Microsoft Corporation (NASDAQ:MSFT) by 2.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 87,679 shares of the software giant’s stock after selling 1,813 shares during the quarter. Microsoft Corporation comprises approximately 0.8% of Leavell Investment Management Inc.’s holdings, making the stock its 29th largest position. Leavell Investment Management Inc.’s holdings in Microsoft Corporation were worth $6,044,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hefty Wealth Partners boosted its stake in Microsoft Corporation by 65.6% during the 2nd quarter. Hefty Wealth Partners now owns 1,648 shares of the software giant’s stock valued at $113,000 after purchasing an additional 653 shares during the period. Asset Planning Services Ltd. boosted its stake in Microsoft Corporation by 93.0% during the 1st quarter. Asset Planning Services Ltd. now owns 1,737 shares of the software giant’s stock valued at $114,000 after purchasing an additional 837 shares during the period. Ullmann Financial Group Inc. bought a new stake in Microsoft Corporation during the 1st quarter valued at approximately $132,000. Arcus Capital Partners LLC bought a new stake in Microsoft Corporation during the 1st quarter valued at approximately $205,000. Finally, Towercrest Capital Management bought a new stake in Microsoft Corporation during the 1st quarter valued at approximately $209,000. Institutional investors own 73.40% of the company’s stock.
Microsoft Corporation (NASDAQ MSFT) traded up 0.9249% on Thursday, reaching $77.1268. The company’s stock had a trading volume of 9,332,977 shares. Microsoft Corporation has a 12 month low of $56.32 and a 12 month high of $77.29. The company has a market cap of $594.05 billion, a P/E ratio of 28.4601 and a beta of 1.01. The stock’s 50 day moving average price is $74.41 and its 200 day moving average price is $70.93.
Microsoft Corporation (NASDAQ:MSFT) last issued its quarterly earnings results on Thursday, July 20th. The software giant reported $0.98 EPS for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.27. The business had revenue of $24.70 billion for the quarter, compared to analysts’ expectations of $24.29 billion. Microsoft Corporation had a net margin of 23.57% and a return on equity of 36.81%. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.69 earnings per share. Equities research analysts forecast that Microsoft Corporation will post $3.20 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 16th will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Wednesday, November 15th. This represents a $1.68 dividend on an annualized basis and a yield of 2.20%. This is a boost from Microsoft Corporation’s previous quarterly dividend of $0.39. Microsoft Corporation’s dividend payout ratio is 57.78%.
In other Microsoft Corporation news, insider Jean Philippe Courtois sold 26,763 shares of the company’s stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $74.00, for a total transaction of $1,980,462.00. Following the sale, the insider now owns 544,080 shares of the company’s stock, valued at $40,261,920. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Amy Hood sold 55,000 shares of the company’s stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $72.71, for a total transaction of $3,999,050.00. Following the sale, the chief financial officer now directly owns 510,217 shares in the company, valued at approximately $37,097,878.07. The disclosure for this sale can be found here. Insiders have sold 7,108,526 shares of company stock worth $515,879,974 in the last ninety days. Insiders own 2.99% of the company’s stock.
Several analysts recently weighed in on the company. Stifel Nicolaus restated a “buy” rating on shares of Microsoft Corporation in a research note on Thursday. Credit Suisse Group set a $84.00 target price on Microsoft Corporation and gave the company a “buy” rating in a research note on Friday, August 11th. Barclays PLC restated an “overweight” rating and set a $82.00 target price (up previously from $77.00) on shares of Microsoft Corporation in a research note on Friday, July 21st. Raymond James Financial, Inc. increased their target price on Microsoft Corporation to $84.00 and gave the company a “buy” rating in a research note on Friday, July 21st. Finally, MKM Partners restated a “neutral” rating and set a $70.00 target price (up previously from $66.00) on shares of Microsoft Corporation in a research note on Sunday, July 23rd. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-nine have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $77.44.
Microsoft Corporation 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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