Microsoft Corporation (MSFT) is Yacktman Asset Management LP’s 9th Largest Position
Yacktman Asset Management LP reduced its stake in shares of Microsoft Corporation (NASDAQ:MSFT) by 7.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,562,517 shares of the software giant’s stock after selling 811,726 shares during the period. Microsoft Corporation makes up about 5.9% of Yacktman Asset Management LP’s portfolio, making the stock its 9th largest position. Yacktman Asset Management LP owned 0.12% of Microsoft Corporation worth $629,787,000 as of its most recent filing with the SEC.
A number of other institutional investors have also added to or reduced their stakes in the stock. GLG LLC raised its stake in shares of Microsoft Corporation by 11.9% in the fourth quarter. GLG LLC now owns 434,269 shares of the software giant’s stock valued at $26,985,000 after buying an additional 46,153 shares in the last quarter. Avenir Corp raised its stake in shares of Microsoft Corporation by 0.6% in the fourth quarter. Avenir Corp now owns 1,111,155 shares of the software giant’s stock valued at $69,047,000 after buying an additional 6,563 shares in the last quarter. Soros Fund Management LLC purchased a new stake in shares of Microsoft Corporation during the fourth quarter valued at approximately $249,000. Caxton Associates LP raised its stake in shares of Microsoft Corporation by 12.9% in the fourth quarter. Caxton Associates LP now owns 659,050 shares of the software giant’s stock valued at $40,953,000 after buying an additional 75,050 shares in the last quarter. Finally, Hilltop Holdings Inc. raised its stake in shares of Microsoft Corporation by 0.3% in the fourth quarter. Hilltop Holdings Inc. now owns 26,722 shares of the software giant’s stock valued at $1,661,000 after buying an additional 74 shares in the last quarter. Hedge funds and other institutional investors own 73.46% of the company’s stock.
Shares of Microsoft Corporation (NASDAQ:MSFT) traded up 0.568% during trading on Wednesday, reaching $73.465. The company’s stock had a trading volume of 3,230,124 shares. The company has a market capitalization of $565.85 billion, a P/E ratio of 27.109 and a beta of 1.01. The company’s 50-day moving average is $72.63 and its 200-day moving average is $68.58. Microsoft Corporation has a 12 month low of $55.61 and a 12 month high of $74.42.
Microsoft Corporation (NASDAQ:MSFT) last announced its earnings results on Thursday, July 20th. The software giant reported $0.98 earnings per share 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 business had revenue of $24.70 billion during the quarter, compared to the consensus estimate of $24.29 billion. During the same quarter last year, the firm earned $0.69 earnings per share. Microsoft Corporation’s quarterly revenue was up 9.1% on a year-over-year basis. On average, analysts forecast that Microsoft Corporation will post $3.21 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Thursday, August 17th will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date is Tuesday, August 15th. Microsoft Corporation’s dividend payout ratio is presently 57.78%.
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Several brokerages have commented on MSFT. Sanford C. Bernstein set a $87.00 price target on Microsoft Corporation and gave the stock a “buy” rating in a research note on Friday, August 11th. BidaskClub upgraded Microsoft Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, August 16th. Piper Jaffray Companies restated a “buy” rating and set a $90.00 price target on shares of Microsoft Corporation in a research note on Sunday. Evercore ISI restated a “buy” rating and set a $80.00 price target on shares of Microsoft Corporation in a research note on Friday, August 18th. Finally, Credit Suisse Group set a $84.00 price target on Microsoft Corporation and gave the stock a “buy” rating in a research note on Friday, August 11th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty-nine have issued a buy rating to the stock. Microsoft Corporation has an average rating of “Buy” and an average target price of $76.54.
In related 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 transaction, the insider now directly owns 544,080 shares of the company’s stock, valued at approximately $40,261,920. The disclosure for this sale can be found here. 2.99% of the stock is owned by company insiders.
About Microsoft Corporation
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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