Microsoft Corporation (MSFT) Position Reduced by Perigon Wealth Management LLC
Perigon Wealth Management LLC reduced its holdings in shares of Microsoft Corporation (NASDAQ:MSFT) by 13.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 46,599 shares of the software giant’s stock after selling 7,028 shares during the quarter. Perigon Wealth Management LLC’s holdings in Microsoft were worth $3,212,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of MSFT. Beaumont Financial Partners LLC lifted its holdings in Microsoft by 71.4% during the first quarter. Beaumont Financial Partners LLC now owns 11,069 shares of the software giant’s stock worth $729,000 after acquiring an additional 4,610 shares during the period. Verity & Verity LLC lifted its holdings in Microsoft by 3.9% during the first quarter. Verity & Verity LLC now owns 131,784 shares of the software giant’s stock worth $8,680,000 after acquiring an additional 5,000 shares during the period. Bank of Stockton lifted its holdings in Microsoft by 12.6% during the first quarter. Bank of Stockton now owns 13,360 shares of the software giant’s stock worth $879,000 after acquiring an additional 1,500 shares during the period. Schaper Benz & Wise Investment Counsel Inc. WI lifted its holdings in Microsoft by 5.4% during the first quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 51,495 shares of the software giant’s stock worth $3,391,000 after acquiring an additional 2,623 shares during the period. Finally, Seminole Management Co. Inc. raised its stake in shares of Microsoft by 291.9% in the first quarter. Seminole Management Co. Inc. now owns 268,056 shares of the software giant’s stock valued at $17,654,000 after buying an additional 199,656 shares during the period. Institutional investors and hedge funds own 73.33% of the company’s stock.
In other news, insider Frank H. Brod sold 15,000 shares of the company’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $84.08, for a total value of $1,261,200.00. Following the completion of 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Christopher C. Capossela sold 4,000 shares of the company’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $83.48, for a total value of $333,920.00. Following the completion of the transaction, the executive vice president now owns 185,278 shares of the company’s stock, valued at $15,467,007.44. The disclosure for this sale can be found here. Insiders sold a total of 45,000 shares of company stock valued at $3,759,420 over the last quarter. Company insiders own 1.49% of the company’s stock.
Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Thursday, October 26th. The software giant reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.12. Microsoft had a return on equity of 35.23% and a net margin of 24.56%. The firm had revenue of $24.50 billion during the quarter, compared to analysts’ expectations of $23.57 billion. During the same period in the prior year, the business earned $0.76 EPS. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. research analysts anticipate that Microsoft Corporation will post 3.38 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, February 15th will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date is Wednesday, February 14th. Microsoft’s payout ratio is currently 56.76%.
MSFT has been the topic of several research reports. Piper Jaffray Companies restated a “buy” rating and issued a $90.00 target price on shares of Microsoft in a research note on Sunday, August 27th. BMO Capital Markets restated a “buy” rating and issued a $86.00 target price on shares of Microsoft in a research note on Friday, August 25th. ValuEngine upgraded Microsoft from a “hold” rating to a “buy” rating in a research note on Wednesday, September 6th. KeyCorp restated a “buy” rating and issued a $82.00 target price on shares of Microsoft in a research note on Sunday, September 10th. Finally, Royal Bank of Canada restated a “buy” rating on shares of Microsoft in a research note on Friday, September 8th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and thirty have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $85.28.
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Microsoft 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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