Microsoft Corporation (MSFT) Holdings Trimmed by Salem Capital Management Inc.
Salem Capital Management Inc. cut its holdings in shares of Microsoft Corporation (NASDAQ:MSFT) by 0.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 132,159 shares of the software giant’s stock after selling 900 shares during the period. Microsoft Corporation makes up approximately 5.1% of Salem Capital Management Inc.’s investment portfolio, making the stock its largest holding. Salem Capital Management Inc.’s holdings in Microsoft Corporation were worth $9,110,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of MSFT. Northstar Group Inc. raised its stake in shares of Microsoft Corporation by 0.3% in the 1st quarter. Northstar Group Inc. now owns 3,790 shares of the software giant’s stock valued at $248,000 after purchasing an additional 12 shares during the period. Gierl Augustine Investment Management Inc raised its stake in shares of Microsoft Corporation by 0.3% in the 1st quarter. Gierl Augustine Investment Management Inc now owns 4,034 shares of the software giant’s stock valued at $266,000 after purchasing an additional 13 shares during the period. New Capital Management LP raised its stake in shares of Microsoft Corporation by 0.5% in the 1st quarter. New Capital Management LP now owns 4,305 shares of the software giant’s stock valued at $284,000 after purchasing an additional 22 shares during the period. Vista Capital Partners Inc. raised its stake in shares of Microsoft Corporation by 0.4% in the 1st quarter. Vista Capital Partners Inc. now owns 9,411 shares of the software giant’s stock valued at $620,000 after purchasing an additional 36 shares during the period. Finally, McQueen Ball & Associates Inc. raised its stake in shares of Microsoft Corporation by 0.6% in the 1st quarter. McQueen Ball & Associates Inc. now owns 8,862 shares of the software giant’s stock valued at $584,000 after purchasing an additional 57 shares during the period. Hedge funds and other institutional investors own 73.40% of the company’s stock.
Shares of Microsoft Corporation (NASDAQ:MSFT) traded up 0.27% on Friday, hitting $74.41. 14,111,365 shares of the stock traded hands. The stock has a 50-day moving average price of $73.41 and a 200 day moving average price of $69.80. Microsoft Corporation has a 52 week low of $56.32 and a 52 week high of $75.97. The firm has a market cap of $573.12 billion, a P/E ratio of 27.46 and a beta of 1.00. Microsoft Corporation also saw unusually large options trading activity on Wednesday. Traders purchased 29,563 put options on the company. This is an increase of 118% compared to the average daily volume of 13,565 put options.
Microsoft Corporation (NASDAQ:MSFT) last posted its quarterly earnings data on Thursday, July 20th. The software giant reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.27. Microsoft Corporation had a net margin of 23.57% and a return on equity of 36.81%. The company had revenue of $24.70 billion during the quarter, compared to the consensus estimate of $24.29 billion. During the same period in the previous year, the firm posted $0.69 EPS. The firm’s revenue was up 9.1% compared to the same quarter last year. Equities research analysts predict that Microsoft Corporation will post $3.18 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 16th will be issued a dividend of $0.42 per share. This is an increase from Microsoft Corporation’s previous quarterly dividend of $0.39. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date is Wednesday, November 15th. Microsoft Corporation’s payout ratio is currently 57.78%.
MSFT has been the topic of several recent research reports. ValuEngine raised Microsoft Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, September 6th. Credit Suisse Group reissued an “outperform” rating on shares of Microsoft Corporation in a research note on Thursday, August 31st. Royal Bank Of Canada set a $77.00 price target on Microsoft Corporation and gave the company a “buy” rating in a research note on Monday, July 10th. Zacks Investment Research downgraded Microsoft Corporation from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 24th. Finally, KeyCorp reissued a “buy” rating and issued a $82.00 price target on shares of Microsoft Corporation in a research note on Sunday, September 10th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and thirty have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $76.72.
In other news, insider G Mason Morfit sold 7,000,000 shares of Microsoft Corporation stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $72.56, for a total transaction of $507,920,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jean Philippe Courtois sold 26,763 shares of Microsoft Corporation stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $74.00, for a total transaction of $1,980,462.00. Following the sale, the insider now directly owns 544,080 shares of the company’s stock, valued at $40,261,920. The disclosure for this sale can be found here. Insiders have sold a total of 7,108,526 shares of company stock valued at $515,879,974 over the last ninety days. 2.99% 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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