Microsoft Corporation (MSFT) Stake Lessened by First Capital Advisors Group LLC.
First Capital Advisors Group LLC. trimmed its holdings in Microsoft Corporation (NASDAQ:MSFT) by 5.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,795 shares of the software giant’s stock after selling 1,309 shares during the quarter. Microsoft comprises about 1.1% of First Capital Advisors Group LLC.’s portfolio, making the stock its 22nd biggest position. First Capital Advisors Group LLC.’s holdings in Microsoft were worth $1,571,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in the company. State Street Corp lifted its stake in shares of Microsoft by 0.8% in the 1st quarter. State Street Corp now owns 318,681,830 shares of the software giant’s stock valued at $20,988,383,000 after purchasing an additional 2,552,473 shares during the period. Schwab Charles Investment Management Inc. lifted its stake in shares of Microsoft by 2.3% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 29,622,483 shares of the software giant’s stock valued at $2,041,878,000 after purchasing an additional 657,294 shares during the period. Pioneer Investment Management Inc. lifted its stake in shares of Microsoft by 6.4% in the 2nd quarter. Pioneer Investment Management Inc. now owns 16,447,634 shares of the software giant’s stock valued at $1,133,736,000 after purchasing an additional 996,006 shares during the period. Canada Pension Plan Investment Board lifted its stake in shares of Microsoft by 6.7% in the 2nd quarter. Canada Pension Plan Investment Board now owns 13,931,758 shares of the software giant’s stock valued at $960,316,000 after purchasing an additional 873,200 shares during the period. Finally, Boston Partners lifted its stake in shares of Microsoft by 6.3% in the 2nd quarter. Boston Partners now owns 12,308,564 shares of the software giant’s stock valued at $848,429,000 after purchasing an additional 729,333 shares during the period. 73.14% of the stock is currently owned by institutional investors.
MSFT has been the subject of a number of research analyst reports. ValuEngine raised Microsoft from a “hold” rating to a “buy” rating in a research report on Wednesday, September 6th. Morningstar, Inc. reaffirmed a “neutral” rating on shares of Microsoft in a research report on Monday, October 16th. Credit Suisse Group reaffirmed an “outperform” rating on shares of Microsoft in a research report on Thursday, August 31st. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $88.00 target price (up from $85.00) on shares of Microsoft in a research report on Friday, October 27th. Finally, KeyCorp reaffirmed a “buy” rating and issued a $82.00 target price on shares of Microsoft in a research report on Sunday, September 10th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and thirty have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $84.21.
In other news, EVP Christopher C. Capossela sold 4,000 shares of the company’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $83.44, for a total value of $333,760.00. Following the transaction, the executive vice president now owns 184,278 shares of the company’s stock, valued at $15,376,156.32. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Amy Hood sold 55,000 shares of the company’s stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $72.71, for a total transaction of $3,999,050.00. Following the completion of the transaction, the chief financial officer now directly owns 510,217 shares in the company, valued at approximately $37,097,878.07. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 108,763 shares of company stock worth $8,242,232. Company insiders own 1.49% of the company’s stock.
Shares of Microsoft Corporation (NASDAQ MSFT) opened at $83.26 on Friday. The stock has a market capitalization of $642,316.75, a price-to-earnings ratio of 24.63, a price-to-earnings-growth ratio of 1.94 and a beta of 1.01. Microsoft Corporation has a 12-month low of $58.80 and a 12-month high of $86.20. 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 (NASDAQ:MSFT) last posted its earnings results on Thursday, October 26th. The software giant reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.12. The firm had revenue of $24.50 billion for the quarter, compared to the consensus estimate of $23.57 billion. Microsoft had a return on equity of 35.23% and a net margin of 24.56%. The business’s quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.76 earnings per share. sell-side analysts forecast that Microsoft Corporation will post 3.38 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 16th will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Wednesday, November 15th. This represents a $1.68 annualized dividend and a dividend yield of 2.02%. This is an increase from Microsoft’s previous quarterly dividend of $0.39. Microsoft’s dividend payout ratio is currently 57.14%.
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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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