Baker Ellis Asset Management LLC Has $5.40 Million Stake in Microsoft Corporation (MSFT)
Baker Ellis Asset Management LLC lessened its position in Microsoft Corporation (NASDAQ:MSFT) by 0.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 78,372 shares of the software giant’s stock after selling 6 shares during the period. Microsoft Corporation comprises 1.5% of Baker Ellis Asset Management LLC’s portfolio, making the stock its 13th largest holding. Baker Ellis Asset Management LLC’s holdings in Microsoft Corporation were worth $5,402,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of the company. New Capital Management LP raised its position in shares of Microsoft Corporation by 0.5% in the first quarter. New Capital Management LP now owns 4,305 shares of the software giant’s stock valued at $284,000 after buying an additional 22 shares during the last quarter. Nottingham Advisors Inc. increased its position in Microsoft Corporation by 0.4% during the second quarter. Nottingham Advisors Inc. now owns 5,399 shares of the software giant’s stock worth $372,000 after purchasing an additional 22 shares during the last quarter. American Economic Planning Group Inc. ADV increased its position in Microsoft Corporation by 0.5% during the second quarter. American Economic Planning Group Inc. ADV now owns 4,939 shares of the software giant’s stock worth $340,000 after purchasing an additional 23 shares during the last quarter. Appropriate Balance Financial Services Inc. increased its position in Microsoft Corporation by 4.7% during the second quarter. Appropriate Balance Financial Services Inc. now owns 643 shares of the software giant’s stock worth $9,331,000 after purchasing an additional 29 shares during the last quarter. Finally, Bank of Stockton increased its position in Microsoft Corporation by 0.3% during the second quarter. Bank of Stockton now owns 13,396 shares of the software giant’s stock worth $922,000 after purchasing an additional 36 shares during the last quarter. 73.37% of the stock is owned by institutional investors and hedge funds.
MSFT has been the subject of several research analyst reports. ValuEngine raised shares of Microsoft Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, September 6th. Morningstar, Inc. reaffirmed a “neutral” rating on shares of Microsoft Corporation in a research report on Monday, October 16th. Credit Suisse Group reaffirmed an “outperform” rating on shares of Microsoft Corporation in a research report on Thursday, August 31st. Zacks Investment Research lowered shares of Microsoft Corporation from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 24th. Finally, KeyCorp reaffirmed a “buy” rating and set a $82.00 price target on shares of Microsoft Corporation in a research report on Sunday, September 10th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and thirty have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $83.86.
Microsoft Corporation (NASDAQ MSFT) opened at $83.93 on Tuesday. Microsoft Corporation has a 12-month low of $57.28 and a 12-month high of $86.20. The company has a debt-to-equity ratio of 0.91, a quick ratio of 3.06 and a current ratio of 3.12. The firm has a market cap of $647,022.69, a PE ratio of 24.81, a PEG ratio of 1.96 and a beta of 1.01.
Microsoft Corporation (NASDAQ:MSFT) last posted its quarterly earnings data on Thursday, October 26th. The software giant reported $0.84 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.12. Microsoft Corporation had a net margin of 24.56% and a return on equity of 35.23%. The company had revenue of $24.50 billion during the quarter, compared to analyst estimates of $23.57 billion. During the same quarter last year, the firm posted $0.76 EPS. The business’s revenue for the quarter was up 11.7% on a year-over-year basis. sell-side analysts expect that Microsoft Corporation will post 3.37 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 16th will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 2.00%. This is a boost from Microsoft Corporation’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Wednesday, November 15th. Microsoft Corporation’s dividend payout ratio (DPR) is presently 53.06%.
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In other Microsoft Corporation news, insider Jean Philippe Courtois sold 26,763 shares of the firm’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $74.00, for a total value of $1,980,462.00. Following the completion of the transaction, the insider now directly owns 537,519 shares in the company, valued at $39,776,406. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Amy Hood sold 55,000 shares of the firm’s stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $72.71, for a total transaction of $3,999,050.00. Following the completion of the transaction, the chief financial officer now owns 510,217 shares of the company’s stock, valued at $37,097,878.07. The disclosure for this sale can be found here. Over the last quarter, insiders sold 100,763 shares of company stock valued at $7,574,552. Corporate insiders own 1.49% of the company’s stock.
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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