Microsoft Corporation (MSFT) Shares Sold by Narwhal Capital Management
Narwhal Capital Management lessened its position in Microsoft Corporation (NASDAQ:MSFT) by 0.5% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 139,530 shares of the software giant’s stock after selling 765 shares during the quarter. Microsoft Corporation makes up about 2.5% of Narwhal Capital Management’s holdings, making the stock its 3rd biggest holding. Narwhal Capital Management’s holdings in Microsoft Corporation were worth $9,618,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of MSFT. Confluence Investment Management LLC lifted its holdings in shares of Microsoft Corporation by 4.1% in the first quarter. Confluence Investment Management LLC now owns 1,442,904 shares of the software giant’s stock valued at $95,030,000 after purchasing an additional 57,114 shares in the last quarter. West Oak Capital LLC grew its holdings in shares of Microsoft Corporation by 9.5% during the first quarter. West Oak Capital LLC now owns 11,193 shares of the software giant’s stock valued at $737,000 after buying an additional 971 shares in the last quarter. Acropolis Investment Management LLC grew its holdings in shares of Microsoft Corporation by 0.6% during the first quarter. Acropolis Investment Management LLC now owns 37,080 shares of the software giant’s stock valued at $2,442,000 after buying an additional 239 shares in the last quarter. Catawba Capital Management VA raised its position in Microsoft Corporation by 0.3% during the first quarter. Catawba Capital Management VA now owns 175,606 shares of the software giant’s stock valued at $11,565,000 after buying an additional 462 shares during the period. Finally, Trust Co raised its position in Microsoft Corporation by 1.7% during the fourth quarter. Trust Co now owns 146,671 shares of the software giant’s stock valued at $9,115,000 after buying an additional 2,440 shares during the period. Institutional investors and hedge funds own 73.40% of the company’s stock.
A number of equities research analysts have issued reports on the stock. Royal Bank Of Canada set a $77.00 target price on shares of Microsoft Corporation and gave the stock a “buy” rating in a research report on Monday, September 18th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $80.00 price target on shares of Microsoft Corporation in a research report on Monday, September 18th. Vetr cut Microsoft Corporation from a “buy” rating to a “hold” rating and set a $74.32 target price for the company. in a research report on Tuesday, September 12th. Canaccord Genuity reaffirmed a “hold” rating and set a $76.00 price objective on shares of Microsoft Corporation in a report on Friday, September 15th. Finally, ValuEngine cut shares of Microsoft Corporation from a “buy” rating to a “hold” rating in a report on Monday. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twenty-nine have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $76.72.
Shares of Microsoft Corporation (NASDAQ MSFT) traded down 0.18% on Wednesday, reaching $74.13. 5,977,808 shares of the company traded hands. The firm has a 50-day moving average price of $73.88 and a 200 day moving average price of $70.49. Microsoft Corporation has a one year low of $56.32 and a one year high of $75.97. The company has a market capitalization of $570.97 billion, a PE ratio of 27.35 and a beta of 1.01.
Microsoft Corporation (NASDAQ:MSFT) last released its quarterly earnings results on Thursday, July 20th. The software giant reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%. The company’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.69 EPS. Equities analysts forecast that Microsoft Corporation will post $3.20 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 16th will be issued a $0.42 dividend. 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 positive change from Microsoft Corporation’s previous quarterly dividend of $0.39. Microsoft Corporation’s dividend payout ratio (DPR) is currently 57.78%.
In related news, insider G Mason Morfit sold 7,000,000 shares of the firm’s 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 document filed with the SEC, which can be accessed through this hyperlink. Also, 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 transaction of $1,980,462.00. Following the transaction, the insider now owns 544,080 shares in the company, valued at $40,261,920. The disclosure for this sale can be found here. Insiders sold 7,108,526 shares of company stock worth $515,879,974 in the last 90 days. Corporate insiders own 2.99% of the company’s stock.
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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