Alpine Investment Management LLC Has $121,488,000 Position in Microsoft Corp. (MSFT)
Alpine Investment Management LLC raised its position in shares of Microsoft Corp. (NASDAQ:MSFT) by 2.2% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 2,374,194 shares of the software giant’s stock after buying an additional 51,541 shares during the period. Microsoft Corp. makes up approximately 9.3% of Alpine Investment Management LLC’s holdings, making the stock its 2nd largest position. Alpine Investment Management LLC’s holdings in Microsoft Corp. were worth $121,488,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in MSFT. Northstar Group Inc. raised its stake 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 last quarter. McQueen Ball & Associates Inc. raised its stake in Microsoft Corp. by 0.3% in the first quarter. McQueen Ball & Associates Inc. now owns 8,429 shares of the software giant’s stock valued at $466,000 after buying an additional 25 shares during the last quarter. Palisade Capital Management LLC NJ raised its stake in Microsoft Corp. by 0.4% in the first quarter. Palisade Capital Management LLC NJ now owns 6,744 shares of the software giant’s stock valued at $372,000 after buying an additional 27 shares during the last quarter. Lowe fs LLC raised its stake 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 during the last quarter. Finally, First United Bank Trust raised its stake in Microsoft Corp. by 0.6% in the second quarter. First United Bank Trust now owns 7,931 shares of the software giant’s stock valued at $406,000 after buying an additional 50 shares during the last quarter. Institutional investors own 71.58% of the company’s stock.
Shares of Microsoft Corp. (NASDAQ:MSFT) traded up 1.67% on Wednesday, reaching $57.76. The company’s stock had a trading volume of 33,706,492 shares. The stock has a market cap of $450.10 billion, a P/E ratio of 27.50 and a beta of 1.08. The firm’s 50-day moving average price is $57.52 and its 200-day moving average price is $53.93. Microsoft Corp. has a 12 month low of $43.05 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 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.11. Microsoft Corp. had a return on equity of 29.38% and a net margin of 19.33%. The firm had revenue of $22.60 billion for the quarter, compared to analysts’ expectations of $22.15 billion. During the same quarter last year, the firm posted $0.60 EPS. On average, analysts forecast that Microsoft Corp. will post $2.90 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 8th. Shareholders of record on Thursday, November 17th will be issued a $0.39 dividend. The ex-dividend date is Tuesday, November 15th. This represents a $1.56 annualized dividend and a dividend yield of 2.70%. This is a boost from Microsoft Corp.’s previous quarterly dividend of $0.36. Microsoft Corp.’s dividend payout ratio (DPR) is presently 70.24%.
Several equities research analysts have recently weighed in on MSFT shares. Cowen and Company raised shares of Microsoft Corp. from a “market perform” rating to an “outperform” rating and set a $58.00 target price on the stock in a report on Tuesday, May 24th. Vetr raised 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 stock a “neutral” rating in a report on Wednesday, June 29th. Citigroup Inc. increased their price objective on shares of Microsoft Corp. from $36.00 to $37.00 and gave the stock a “sell” rating in a report on Thursday, July 7th. Finally, Pacific Crest reissued a “buy” rating and set a $65.00 price objective on shares of Microsoft Corp. in a report on Tuesday, September 13th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-one have issued a buy rating to the stock. Microsoft Corp. currently has an average rating of “Buy” and an average target price of $59.25.
In other Microsoft Corp. news, 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Amy Hood sold 120,000 shares of the firm’s stock in a transaction dated 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 directly owns 523,425 shares in the company, valued at approximately $30,285,370.50. The disclosure for this sale can be found here. 3.76% of the stock is 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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