Microsoft Corporation (MSFT) Shares Bought by Sanders Capital LLC
Sanders Capital LLC boosted its stake in Microsoft Corporation (NASDAQ:MSFT) by 1.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,856,396 shares of the software giant’s stock after buying an additional 211,000 shares during the period. Microsoft Corporation accounts for 5.3% of Sanders Capital LLC’s portfolio, making the stock its 4th largest position. Sanders Capital LLC’s holdings in Microsoft Corporation were worth $803,298,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Asset Planning Services Ltd. increased its position 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 buying an additional 837 shares during the period. Pacific Center for Financial Services purchased a new position in Microsoft Corporation during the fourth quarter valued at $155,000. Patriot Financial Group Insurance Agency LLC purchased a new position in Microsoft Corporation during the fourth quarter valued at $161,000. Arcus Capital Partners LLC purchased a new position in Microsoft Corporation during the first quarter valued at $205,000. Finally, Schneider Downs Wealth Management Advisors LP purchased a new position in Microsoft Corporation during the first quarter valued at $209,000. 72.64% of the stock is currently owned by institutional investors and hedge funds.
Microsoft Corporation (NASDAQ:MSFT) traded down 0.007% during midday trading on Tuesday, hitting $73.195. 3,537,115 shares of the stock traded hands. The stock has a market capitalization of $563.77 billion, a PE ratio of 27.009 and a beta of 1.01. The firm’s 50 day moving average is $71.77 and its 200-day moving average is $68.08. Microsoft Corporation has a 12-month low of $55.61 and a 12-month high of $74.42.
Microsoft Corporation (NASDAQ:MSFT) last posted 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 during the quarter, compared to the consensus estimate of $24.29 billion. Microsoft Corporation had a return on equity of 36.81% and a net margin of 23.57%. Microsoft Corporation’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.69 earnings per share. On average, analysts anticipate that Microsoft Corporation will post $3.22 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Thursday, August 17th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date of this dividend is Tuesday, August 15th. Microsoft Corporation’s dividend payout ratio (DPR) is presently 57.78%.
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Several research analysts have recently weighed in on MSFT shares. Sanford C. Bernstein reissued a “buy” rating and issued a $81.00 target price on shares of Microsoft Corporation in a research report on Friday, April 28th. Morningstar, Inc. reissued a “buy” rating on shares of Microsoft Corporation in a research report on Friday, April 28th. Pacific Crest reissued a “buy” rating and issued a $78.00 target price (up from $70.00) on shares of Microsoft Corporation in a research report on Friday, April 28th. Goldman Sachs Group, Inc. (The) lifted their target price on shares of Microsoft Corporation from $72.00 to $78.00 and gave the stock a “buy” rating in a research report on Friday, April 28th. Finally, Morgan Stanley reissued a “buy” rating and issued a $72.00 target price on shares of Microsoft Corporation in a research report on Thursday, April 20th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-seven have given a buy rating to the stock. Microsoft Corporation currently has a consensus rating of “Buy” and an average target price of $76.15.
In related news, insider Jean Philippe Courtois sold 26,763 shares of the business’s stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $74.00, for a total value of $1,980,462.00. Following the completion of the transaction, the insider now owns 544,080 shares of the company’s stock, valued at $40,261,920. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider G Mason Morfit sold 7,000,000 shares of the business’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $72.56, for a total value of $507,920,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,057,855 shares of company stock valued at $512,044,578. 2.99% of the stock is owned by insiders.
Microsoft Corporation 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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