Gilbert & Cook Inc. Purchases 604 Shares of Microsoft Corporation (MSFT)
Gilbert & Cook Inc. boosted its position in Microsoft Corporation (NASDAQ:MSFT) by 5.5% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 11,593 shares of the software giant’s stock after buying an additional 604 shares during the period. Gilbert & Cook Inc.’s holdings in Microsoft Corporation were worth $764,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently modified their holdings of MSFT. State Street Corp boosted its position in shares of Microsoft Corporation by 0.8% in the first quarter. State Street Corp now owns 318,681,830 shares of the software giant’s stock worth $20,988,383,000 after buying an additional 2,552,473 shares in the last quarter. Norges Bank purchased a new position in shares of Microsoft Corporation during the fourth quarter worth about $4,334,099,000. Janus Capital Management LLC boosted its position in shares of Microsoft Corporation by 9.4% in the fourth quarter. Janus Capital Management LLC now owns 49,271,731 shares of the software giant’s stock worth $3,061,887,000 after buying an additional 4,250,705 shares in the last quarter. Dodge & Cox purchased a new position in shares of Microsoft Corporation during the fourth quarter worth about $2,658,504,000. Finally, Schwab Charles Investment Management Inc. boosted its position in shares of Microsoft Corporation by 2.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 28,965,189 shares of the software giant’s stock worth $1,907,648,000 after buying an additional 638,798 shares in the last quarter. Institutional investors own 72.64% of the company’s stock.
Shares of Microsoft Corporation (MSFT) traded up 0.57% during trading on Wednesday, hitting $73.64. The company had a trading volume of 4,725,438 shares. The firm’s 50 day moving average is $71.85 and its 200-day moving average is $68.13. Microsoft Corporation has a 52 week low of $55.61 and a 52 week high of $74.42. The stock has a market capitalization of $567.19 billion, a P/E ratio of 27.17 and a beta of 1.01.
Microsoft Corporation (NASDAQ:MSFT) last announced its quarterly 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 company had revenue of $24.70 billion during the quarter, compared to analyst estimates of $24.29 billion. During the same period in the prior year, the company earned $0.69 earnings per share. The firm’s revenue was up 9.1% on a year-over-year basis. Equities research analysts anticipate that Microsoft Corporation will post $3.22 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, August 17th will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 2.13%. The ex-dividend date is Tuesday, August 15th. Microsoft Corporation’s payout ratio is 57.78%.
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MSFT has been the subject of a number of analyst reports. Pacific Crest reissued a “buy” rating and issued a $78.00 price target (up from $70.00) on shares of Microsoft Corporation in a research report on Friday, April 28th. Sanford C. Bernstein set a $87.00 price target on Microsoft Corporation and gave the company a “buy” rating in a research report on Friday, July 21st. Morningstar, Inc. reissued a “buy” rating on shares of Microsoft Corporation in a research report on Wednesday, June 28th. Vetr lowered Microsoft Corporation from a “buy” rating to a “hold” rating and set a $71.27 price target for the company. in a research report on Tuesday, May 23rd. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $77.00 price target on shares of Microsoft Corporation in a research report on Monday, May 29th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty-eight have assigned a buy rating to the stock. Microsoft Corporation presently has an average rating of “Buy” and an average price target of $76.15.
In other news, insider G Mason Morfit sold 7,000,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $72.56, for a total value of $507,920,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Christopher C. Capossela sold 4,927 shares of the firm’s stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $68.75, for a total value of $338,731.25. Following the completion of the sale, the executive vice president now directly owns 214,080 shares of the company’s stock, valued at $14,718,000. The disclosure for this sale can be found here. Insiders sold a total of 7,057,855 shares of company stock valued at $512,044,578 over the last ninety days. Corporate insiders own 2.99% of the company’s stock.
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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