Microsoft Corporation (MSFT) Position Lifted by Meag Munich Ergo Kapitalanlagegesellschaft MBH
Meag Munich Ergo Kapitalanlagegesellschaft MBH boosted its holdings in shares of Microsoft Corporation (NASDAQ:MSFT) by 46.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 990,890 shares of the software giant’s stock after buying an additional 315,602 shares during the period. Microsoft Corporation makes up about 3.0% of Meag Munich Ergo Kapitalanlagegesellschaft MBH’s holdings, making the stock its 2nd biggest position. Meag Munich Ergo Kapitalanlagegesellschaft MBH’s holdings in Microsoft Corporation were worth $67,738,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of MSFT. Hefty Wealth Partners grew its stake in Microsoft Corporation by 65.6% in the second quarter. Hefty Wealth Partners now owns 1,648 shares of the software giant’s stock valued at $113,000 after purchasing an additional 653 shares in the last quarter. Asset Planning Services Ltd. grew its stake in Microsoft Corporation by 93.0% in the first quarter. Asset Planning Services Ltd. now owns 1,737 shares of the software giant’s stock valued at $114,000 after purchasing an additional 837 shares in the last quarter. Ullmann Financial Group Inc. purchased a new position in Microsoft Corporation in the first quarter valued at about $132,000. Opera Trading Capital grew its stake in Microsoft Corporation by 1,522.0% in the second quarter. Opera Trading Capital now owns 2,433 shares of the software giant’s stock valued at $168,000 after purchasing an additional 2,283 shares in the last quarter. Finally, Baystate Wealth Management LLC grew its stake in Microsoft Corporation by 3.6% in the second quarter. Baystate Wealth Management LLC now owns 10,688 shares of the software giant’s stock valued at $184,000 after purchasing an additional 374 shares in the last quarter. 73.40% of the stock is currently owned by hedge funds and other institutional investors.
Microsoft Corporation (NASDAQ:MSFT) last issued its quarterly earnings results on Thursday, July 20th. The software giant reported $0.98 EPS for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.27. The business had revenue of $24.70 billion for the quarter, compared to analysts’ expectations of $24.29 billion. Microsoft Corporation had a net margin of 23.57% and a return on equity of 36.81%. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.69 earnings per share.
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 given a dividend of $0.42 per share. 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. This is a boost from Microsoft Corporation’s previous quarterly dividend of $0.39. Microsoft Corporation’s dividend payout ratio is 57.78%.
In other news, insider G Mason Morfit sold 7,000,000 shares of the stock in a transaction dated 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 legal filing with the SEC, which is accessible through the SEC website. Also, insider Jean Philippe Courtois sold 26,763 shares of the stock in a transaction dated 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 in the company, valued at approximately $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 worth $515,879,974 in the last three months. Insiders own 2.99% of the company’s stock.
A number of research analysts have commented on the company. Oppenheimer Holdings, Inc. set a $80.00 target price on Microsoft Corporation and gave the company a “buy” rating in a research note on Monday. BidaskClub downgraded Microsoft Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, June 10th. Credit Suisse Group set a $84.00 target price on Microsoft Corporation and gave the company a “buy” rating in a research note on Friday, August 11th. Barclays PLC restated an “overweight” rating and issued a $82.00 target price (up previously from $77.00) on shares of Microsoft Corporation in a research note on Friday, July 21st. Finally, Raymond James Financial, Inc. boosted their target price on Microsoft Corporation to $84.00 and gave the company a “buy” rating in a research note on Friday, July 21st. 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. Microsoft Corporation presently has an average rating of “Buy” and a consensus target price of $76.72.
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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