Microsoft Corporation (MSFT) Shares Sold by Rikoon Group LLC
Rikoon Group LLC decreased its stake in shares of Microsoft Corporation (NASDAQ:MSFT) by 0.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,171 shares of the software giant’s stock after selling 82 shares during the quarter. Microsoft makes up 1.4% of Rikoon Group LLC’s portfolio, making the stock its 18th largest position. Rikoon Group LLC’s holdings in Microsoft were worth $3,044,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Appropriate Balance Financial Services Inc. raised its stake in shares of Microsoft by 4.7% during 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 in the last quarter. Acrospire Investment Management LLC raised its stake in shares of Microsoft by 300.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,600 shares of the software giant’s stock worth $110,000 after acquiring an additional 1,200 shares in the last quarter. Hefty Wealth Partners raised its stake in shares of Microsoft by 65.6% during the 2nd quarter. Hefty Wealth Partners now owns 1,648 shares of the software giant’s stock worth $113,000 after acquiring an additional 653 shares in the last quarter. Ullmann Financial Group Inc. bought a new position in shares of Microsoft during the 1st quarter worth approximately $132,000. Finally, Stelac Advisory Services LLC raised its stake in shares of Microsoft by 23.5% during the 2nd quarter. Stelac Advisory Services LLC now owns 2,033 shares of the software giant’s stock worth $140,000 after acquiring an additional 387 shares in the last quarter. Institutional investors own 73.33% of the company’s stock.
Shares of Microsoft Corporation (NASDAQ MSFT) opened at $84.69 on Friday. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.12 and a quick ratio of 3.06. Microsoft Corporation has a 1-year low of $61.95 and a 1-year high of $86.20. The stock has a market cap of $660,214.63, a PE ratio of 25.32, a P/E/G ratio of 1.99 and a beta of 0.99.
Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Thursday, October 26th. The software giant reported $0.84 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.12. Microsoft had a net margin of 24.56% and a return on equity of 35.23%. The firm had revenue of $24.50 billion during the quarter, compared to analyst estimates of $23.57 billion. During the same quarter in the prior year, the firm posted $0.76 earnings per share. Microsoft’s quarterly revenue was up 11.7% on a year-over-year basis. research analysts expect that Microsoft Corporation will post 3.38 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Investors 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 1.98%. The ex-dividend date is Wednesday, February 14th. Microsoft’s dividend payout ratio is currently 57.14%.
Several analysts have weighed in on MSFT shares. ValuEngine raised shares of Microsoft from a “hold” rating to a “buy” rating in a research report on Wednesday, September 6th. Morningstar reissued a “neutral” rating on shares of Microsoft in a research report on Monday, October 16th. Credit Suisse Group reissued an “outperform” rating on shares of Microsoft in a research report on Thursday, August 31st. Royal Bank of Canada reissued an “outperform” rating and set a $88.00 target price (up previously from $85.00) on shares of Microsoft in a research report on Friday, October 27th. Finally, UBS set a $105.00 target price on shares of Microsoft and gave the stock a “buy” rating in a research report on Thursday, November 9th. Two 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’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $85.28.
In other Microsoft news, insider Frank H. Brod sold 18,000 shares of the 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Christopher C. Capossela sold 4,000 shares of the 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 transaction, the executive vice president now directly owns 189,278 shares of the company’s stock, valued at approximately $15,797,141.88. The disclosure for this sale can be found here. Insiders sold 45,000 shares of company stock valued at $3,759,420 in the last three months. 1.49% of the stock is currently owned by insiders.
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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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