Hall Laurie J Trustee Has $6.97 Million Position in Microsoft Corporation (MSFT)
Hall Laurie J Trustee lowered its position in Microsoft Corporation (NASDAQ:MSFT) by 2.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 101,055 shares of the software giant’s stock after selling 2,130 shares during the quarter. Microsoft makes up about 4.5% of Hall Laurie J Trustee’s holdings, making the stock its 3rd biggest holding. Hall Laurie J Trustee’s holdings in Microsoft were worth $6,966,000 at the end of the most recent reporting period.
Other institutional investors have also recently modified their holdings of the company. New Capital Management LP raised its holdings in Microsoft by 0.5% during the first quarter. New Capital Management LP now owns 4,305 shares of the software giant’s stock worth $284,000 after purchasing an additional 22 shares in the last quarter. Nottingham Advisors Inc. raised its holdings in Microsoft 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 in the last quarter. American Economic Planning Group Inc. ADV raised its holdings in Microsoft 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 in the last quarter. Carderock Capital Management Inc. raised its holdings in Microsoft by 0.7% during the second quarter. Carderock Capital Management Inc. now owns 3,981 shares of the software giant’s stock worth $274,000 after purchasing an additional 26 shares in the last quarter. Finally, Appropriate Balance Financial Services Inc. raised its holdings in Microsoft 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 in the last quarter. Institutional investors own 73.33% of the company’s stock.
A number of analysts have weighed in on MSFT shares. Canaccord Genuity reissued a “hold” rating and set a $76.00 price objective on shares of Microsoft in a report on Friday, September 15th. Royal Bank of Canada reissued an “outperform” rating and set a $88.00 price objective (up previously from $85.00) on shares of Microsoft in a report on Friday, October 27th. Evercore ISI reissued a “buy” rating and set a $80.00 price objective on shares of Microsoft in a report on Friday, August 18th. UBS set a $105.00 price objective on shares of Microsoft and gave the stock a “buy” rating in a report on Thursday, November 9th. Finally, Vetr cut shares of Microsoft from a “strong-buy” rating to a “buy” rating and set a $93.77 price objective on the stock. in a report on Monday, December 11th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and thirty have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $85.28.
In related news, insider Frank H. Brod sold 15,000 shares of Microsoft stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $84.08, for a total value of $1,261,200.00. Following the transaction, the insider now directly owns 116,205 shares in the company, valued at approximately $9,770,516.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Christopher C. Capossela sold 4,000 shares of Microsoft stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $83.48, for a total transaction of $333,920.00. Following the completion of the transaction, the executive vice president now owns 185,278 shares in the company, valued at $15,467,007.44. The disclosure for this sale can be found here. Over the last quarter, insiders sold 45,000 shares of company stock worth $3,759,420. 1.49% of the stock is currently owned by insiders.
Microsoft Corporation (MSFT) opened at $86.85 on Friday. Microsoft Corporation has a 1 year low of $61.95 and a 1 year high of $87.09. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.12 and a quick ratio of 3.06. The firm has a market cap of $687,100.00, a price-to-earnings ratio of 25.25, a P/E/G ratio of 1.99 and a beta of 0.99.
Microsoft (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 analysts’ consensus estimates of $0.72 by $0.12. Microsoft had a net margin of 24.56% and a return on equity of 35.23%. The firm had revenue of $24.50 billion for the quarter, compared to analyst estimates of $23.57 billion. During the same period last year, the firm posted $0.76 EPS. Microsoft’s quarterly revenue was up 11.7% on a year-over-year basis. equities analysts anticipate that Microsoft Corporation will post 3.38 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Investors of record on Thursday, February 15th will be given a $0.42 dividend. The ex-dividend date is Wednesday, February 14th. This represents a $1.68 dividend on an annualized basis and a yield of 1.93%. Microsoft’s dividend payout ratio (DPR) is 56.76%.
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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