American Economic Planning Group Inc. ADV Increases Position in Microsoft Corporation (MSFT)
American Economic Planning Group Inc. ADV lifted its position in shares of Microsoft Corporation (NASDAQ:MSFT) by 0.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,939 shares of the software giant’s stock after buying an additional 23 shares during the period. American Economic Planning Group Inc. ADV’s holdings in Microsoft Corporation were worth $340,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Catawba Capital Management VA increased its stake in Microsoft Corporation by 0.3% in the 1st quarter. Catawba Capital Management VA now owns 175,606 shares of the software giant’s stock worth $11,565,000 after purchasing an additional 462 shares during the period. Trust Co increased its stake in Microsoft Corporation by 1.7% in the 4th quarter. Trust Co now owns 146,671 shares of the software giant’s stock worth $9,115,000 after purchasing an additional 2,440 shares during the period. Paradigm Financial Advisors LLC increased its stake in Microsoft Corporation by 3.0% in the 1st quarter. Paradigm Financial Advisors LLC now owns 6,215 shares of the software giant’s stock worth $409,000 after purchasing an additional 182 shares during the period. Northstar Group Inc. increased its stake in Microsoft Corporation by 0.3% in the 1st quarter. Northstar Group Inc. now owns 3,790 shares of the software giant’s stock worth $248,000 after purchasing an additional 12 shares during the period. Finally, CHURCHILL MANAGEMENT Corp increased its stake in Microsoft Corporation by 14.3% in the 1st quarter. CHURCHILL MANAGEMENT Corp now owns 14,822 shares of the software giant’s stock worth $976,000 after purchasing an additional 1,855 shares during the period. 73.40% of the stock is currently owned by institutional investors.
In other Microsoft Corporation news, insider G Mason Morfit sold 7,000,000 shares of Microsoft Corporation stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $72.56, for a total transaction of $507,920,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Amy Hood sold 55,000 shares of Microsoft Corporation stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $72.71, for a total value of $3,999,050.00. Following the transaction, the chief financial officer now owns 510,217 shares of the company’s stock, valued at approximately $37,097,878.07. The disclosure for this sale can be found here. Insiders have sold a total of 7,108,526 shares of company stock valued at $515,879,974 in the last quarter. Company insiders own 2.99% of the company’s stock.
A number of equities analysts have commented on the company. Canaccord Genuity raised Microsoft Corporation from a “hold” rating to a “buy” rating and lifted their price target for the stock from $76.00 to $86.00 in a research note on Thursday. ValuEngine cut Microsoft Corporation from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Oppenheimer Holdings, Inc. set a $80.00 price target on Microsoft Corporation and gave the stock a “buy” rating in a research note on Monday, September 25th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $80.00 price target on shares of Microsoft Corporation in a research note on Monday, September 18th. Finally, Royal Bank Of Canada set a $77.00 price target on Microsoft Corporation and gave the stock a “buy” rating in a research note on Monday, September 18th. Two equities research 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 company presently has a consensus rating of “Buy” and an average price target of $77.44.
Microsoft Corporation (NASDAQ:MSFT) traded up 0.04% during mid-day trading on Friday, reaching $76.00. The company’s stock had a trading volume of 13,959,814 shares. The company has a market capitalization of $585.37 billion, a price-to-earnings ratio of 28.04 and a beta of 1.01. Microsoft Corporation has a one year low of $56.32 and a one year high of $76.12. The stock has a 50-day moving average price of $74.09 and a 200-day moving average price of $70.63. Microsoft Corporation also was the target of some unusual options trading on Thursday. Stock traders acquired 46,917 call options on the company. This represents an increase of approximately 117% compared to the average daily volume of 21,578 call options.
Microsoft Corporation (NASDAQ:MSFT) last released its quarterly earnings data on Thursday, July 20th. The software giant reported $0.98 earnings per share for the quarter, beating the Zacks’ consensus estimate 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 return on equity of 36.81% and a net margin of 23.57%. The company’s revenue was up 9.1% on a year-over-year basis. During the same quarter last year, the business posted $0.69 EPS. Equities research analysts forecast that Microsoft Corporation will post $3.20 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 16th will be paid a dividend of $0.42 per share. The ex-dividend date is Wednesday, November 15th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.21%. This is a positive change from Microsoft Corporation’s previous quarterly dividend of $0.39. Microsoft Corporation’s dividend payout ratio (DPR) is presently 57.78%.
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About Microsoft Corporation
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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