Microsoft Corporation (MSFT) Position Trimmed by Gareth Morgan Investments Limited Partnership
Gareth Morgan Investments Limited Partnership lowered its holdings in shares of Microsoft Corporation (NASDAQ:MSFT) by 24.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 287,089 shares of the software giant’s stock after selling 92,626 shares during the period. Microsoft accounts for 1.8% of Gareth Morgan Investments Limited Partnership’s investment portfolio, making the stock its 4th largest holding. Gareth Morgan Investments Limited Partnership’s holdings in Microsoft were worth $19,789,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. New Capital Management LP lifted its stake in shares of Microsoft by 0.5% in the 1st quarter. New Capital Management LP now owns 4,305 shares of the software giant’s stock worth $284,000 after acquiring an additional 22 shares during the period. Nottingham Advisors Inc. lifted its stake in shares of Microsoft by 0.4% in the 2nd quarter. Nottingham Advisors Inc. now owns 5,399 shares of the software giant’s stock worth $372,000 after acquiring an additional 22 shares during the period. American Economic Planning Group Inc. ADV lifted its stake in shares of Microsoft by 0.5% in the 2nd quarter. American Economic Planning Group Inc. ADV now owns 4,939 shares of the software giant’s stock worth $340,000 after acquiring an additional 23 shares during the period. Carderock Capital Management Inc. lifted its stake in shares of Microsoft by 0.7% in the 2nd quarter. Carderock Capital Management Inc. now owns 3,981 shares of the software giant’s stock worth $274,000 after acquiring an additional 26 shares during the period. Finally, Appropriate Balance Financial Services Inc. lifted its stake in shares of Microsoft by 4.7% in the 2nd quarter. Appropriate Balance Financial Services Inc. now owns 643 shares of the software giant’s stock worth $9,331,000 after acquiring an additional 29 shares during the period. Hedge funds and other institutional investors own 73.33% of the company’s stock.
A number of equities analysts have recently issued reports on MSFT shares. ValuEngine upgraded shares of Microsoft from a “hold” rating to a “buy” rating in a report on Wednesday, September 6th. Canaccord Genuity reiterated a “buy” rating and issued a $94.00 price target (up previously from $86.00) on shares of Microsoft in a report on Friday, October 27th. Atlantic Securities set a $83.00 price target on shares of Microsoft and gave the company a “neutral” rating in a report on Friday, October 27th. UBS set a $105.00 price target on shares of Microsoft and gave the company a “buy” rating in a report on Thursday, November 9th. Finally, Barclays reiterated an “overweight” rating and issued a $89.00 price target (up previously from $82.00) on shares of Microsoft in a report on Friday, October 27th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Microsoft currently has an average rating of “Buy” and a consensus price target of $84.59.
In other news, insider Frank H. Brod sold 18,000 shares of Microsoft stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $83.15, for a total transaction of $1,496,700.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Christopher C. Capossela sold 4,000 shares of Microsoft stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $83.46, for a total transaction of $333,840.00. Following the sale, the executive vice president now owns 189,278 shares of the company’s stock, valued at $15,797,141.88. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 45,000 shares of company stock valued at $3,759,420. Insiders own 1.49% of the company’s stock.
Microsoft Corporation (NASDAQ:MSFT) opened at $82.78 on Thursday. The company has a current ratio of 3.12, a quick ratio of 3.06 and a debt-to-equity ratio of 0.91. Microsoft Corporation has a twelve month low of $59.80 and a twelve month high of $86.20. The firm has a market cap of $629,433.38, a PE ratio of 24.14, a price-to-earnings-growth ratio of 1.90 and a beta of 0.99.
Microsoft (NASDAQ:MSFT) last posted its earnings results on Thursday, October 26th. The software giant reported $0.84 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.12. The firm had revenue of $24.50 billion during the quarter, compared to the consensus estimate of $23.57 billion. Microsoft had a net margin of 24.56% and a return on equity of 35.23%. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same period last year, the firm posted $0.76 EPS. equities research analysts anticipate that Microsoft Corporation will post 3.38 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, February 15th will be issued a dividend of $0.42 per share. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.03%. Microsoft’s dividend payout ratio (DPR) is presently 57.14%.
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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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