CHURCHILL MANAGEMENT Corp Acquires 6,030 Shares of Microsoft Corporation (MSFT)
CHURCHILL MANAGEMENT Corp grew its holdings in shares of Microsoft Corporation (NASDAQ:MSFT) by 40.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,852 shares of the software giant’s stock after purchasing an additional 6,030 shares during the quarter. CHURCHILL MANAGEMENT Corp’s holdings in Microsoft Corporation were worth $1,437,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in MSFT. 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 worth $113,000 after purchasing an additional 653 shares during the last quarter. 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 worth $114,000 after purchasing an additional 837 shares during the last quarter. Ullmann Financial Group Inc. acquired a new stake in Microsoft Corporation during the 1st quarter worth $132,000. Arcus Capital Partners LLC acquired a new stake in Microsoft Corporation during the 1st quarter worth $205,000. Finally, Schneider Downs Wealth Management Advisors LP acquired a new stake in Microsoft Corporation during the 1st quarter worth $209,000. 73.40% of the stock is currently owned by institutional investors.
MSFT has been the topic of several recent research reports. ValuEngine raised shares of Microsoft Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, September 6th. Credit Suisse Group AG reiterated an “outperform” rating on shares of Microsoft Corporation in a report on Thursday, August 31st. Royal Bank Of Canada set a $77.00 price target on Microsoft Corporation and gave the stock a “buy” rating in a report on Monday, July 10th. Zacks Investment Research lowered Microsoft Corporation from a “strong-buy” rating to a “hold” rating in a report on Monday, July 24th. Finally, KeyCorp reiterated a “buy” rating and set a $82.00 price target on shares of Microsoft Corporation in a report on Sunday, September 10th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-nine have issued a buy rating to the company. Microsoft Corporation presently has an average rating of “Buy” and an average price target of $77.44.
In other news, CFO Amy Hood sold 55,000 shares of the company’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 sale, the chief financial officer now owns 510,217 shares in the company, valued at approximately $37,097,878.07. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Jean Philippe Courtois sold 26,763 shares of the company’s stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $74.00, for a total value of $1,980,462.00. Following the sale, the insider now owns 544,080 shares of the company’s stock, valued at approximately $40,261,920. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,108,526 shares of company stock valued at $515,879,974. 2.99% of the stock is currently owned by corporate insiders.
Microsoft Corporation (NASDAQ MSFT) traded down 0.2835% during trading on Friday, hitting $75.7546. The stock had a trading volume of 6,117,836 shares. Microsoft Corporation has a 1-year low of $56.32 and a 1-year high of $76.12. The firm’s 50 day moving average is $73.99 and its 200 day moving average is $70.56. The firm has a market cap of $583.48 billion, a price-to-earnings ratio of 27.9537 and a beta of 1.01. Microsoft Corporation also was the recipient of some unusual options trading on Thursday. Stock investors bought 46,917 call options on the company. This represents an increase of approximately 117% compared to the average volume of 21,578 call options.
Microsoft Corporation (NASDAQ:MSFT) last issued its earnings results on Thursday, July 20th. The software giant reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.27. Microsoft Corporation had a return on equity of 36.81% and a net margin of 23.57%. The firm had revenue of $24.70 billion for the quarter, compared to the consensus estimate of $24.29 billion. During the same quarter in the previous year, the company posted $0.69 earnings per share. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. On average, analysts anticipate that Microsoft Corporation will post $3.20 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 16th will be paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 2.21%. The ex-dividend date of this dividend is Wednesday, November 15th. This is an increase from Microsoft Corporation’s previous quarterly dividend of $0.39. Microsoft Corporation’s dividend payout ratio is 57.78%.
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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