First Western Capital Management Co Reduces Position in Microsoft Corporation (MSFT)
First Western Capital Management Co decreased its holdings in shares of Microsoft Corporation (NASDAQ:MSFT) by 3.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 82,015 shares of the software giant’s stock after selling 3,275 shares during the period. Microsoft Corporation makes up about 3.4% of First Western Capital Management Co’s holdings, making the stock its largest holding. First Western Capital Management Co’s holdings in Microsoft Corporation were worth $5,653,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of MSFT. Harvest Capital Management Inc boosted its stake in Microsoft Corporation by 4.2% during the first quarter. Harvest Capital Management Inc now owns 3,846 shares of the software giant’s stock valued at $253,000 after buying an additional 155 shares during the period. Cribstone Capital Management LLC boosted its stake in Microsoft Corporation by 33.5% during the first quarter. Cribstone Capital Management LLC now owns 38,889 shares of the software giant’s stock valued at $2,554,000 after buying an additional 9,768 shares during the period. Doyle Wealth Management bought a new stake in Microsoft Corporation during the first quarter valued at $27,269,000. Mountain Pacific Investment Advisers Inc. ID raised its position in Microsoft Corporation by 16.1% during the first quarter. Mountain Pacific Investment Advisers Inc. ID now owns 11,177 shares of the software giant’s stock valued at $736,000 after purchasing an additional 1,550 shares in the last quarter. Finally, Howard Capital Management raised its position in Microsoft Corporation by 2.9% during the first quarter. Howard Capital Management now owns 331,525 shares of the software giant’s stock valued at $21,834,000 after purchasing an additional 9,324 shares in the last quarter. 73.35% of the stock is owned by institutional investors.
Shares of Microsoft Corporation (NASDAQ:MSFT) opened at $84.14 on Friday. The company has a quick ratio of 3.06, a current ratio of 3.12 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $649,105.56, a price-to-earnings ratio of 24.89, a PEG ratio of 1.97 and a beta of 1.01. Microsoft Corporation has a 12 month low of $57.28 and a 12 month high of $86.20.
Microsoft Corporation (NASDAQ:MSFT) last issued its earnings results on Thursday, October 26th. The software giant reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.12. The company had revenue of $24.50 billion during the quarter, compared to the consensus estimate of $23.57 billion. Microsoft Corporation had a net margin of 24.56% and a return on equity of 35.23%. Microsoft Corporation’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.76 EPS. research analysts anticipate that Microsoft Corporation will post 3.37 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 16th will be issued a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, November 15th. This represents a $1.68 annualized dividend and a yield of 2.00%. This is an increase from Microsoft Corporation’s previous quarterly dividend of $0.39. Microsoft Corporation’s dividend payout ratio is currently 53.06%.
A number of equities research analysts have weighed in on the company. Deutsche Bank AG restated a “buy” rating and set a $100.00 price target on shares of Microsoft Corporation in a research report on Friday. Oppenheimer Holdings, Inc. raised their price target on Microsoft Corporation from $80.00 to $92.00 and gave the company an “outperform” rating in a research report on Tuesday, October 31st. Argus upgraded Microsoft Corporation from a “hold” rating to a “buy” rating and raised their price target for the company from $57.28 to $95.00 in a research report on Tuesday, October 31st. Zacks Investment Research upgraded Microsoft Corporation from a “hold” rating to a “buy” rating and set a $94.00 price target on the stock in a research report on Tuesday, October 31st. Finally, Vetr upgraded Microsoft Corporation from a “sell” rating to a “hold” rating and set a $82.07 price target on the stock in a research report on Tuesday, October 31st. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and thirty have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $83.02.
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In related news, 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 value 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 approximately $37,097,878.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider G Mason Morfit sold 7,000,000 shares of the company’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $72.56, for a total transaction of $507,920,000.00. The disclosure for this sale can be found here. Insiders sold a total of 7,096,763 shares of company stock valued at $515,160,712 in the last ninety days. 1.49% of the stock is currently owned by insiders.
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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