Microsoft Corporation (MSFT) Stake Reduced by Stelliam Investment Management LP
Stelliam Investment Management LP lowered its position in Microsoft Corporation (NASDAQ:MSFT) by 30.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 695,000 shares of the software giant’s stock after selling 302,500 shares during the period. Microsoft Corporation makes up 1.8% of Stelliam Investment Management LP’s portfolio, making the stock its 27th largest position. Stelliam Investment Management LP’s holdings in Microsoft Corporation were worth $45,773,000 as of its most recent filing with the SEC.
Other hedge funds have also recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of Microsoft Corporation during the fourth quarter worth about $4,334,099,000. Janus Capital Management LLC increased its stake in shares of Microsoft Corporation by 9.4% in the fourth quarter. Janus Capital Management LLC now owns 49,271,731 shares of the software giant’s stock worth $3,061,887,000 after buying an additional 4,250,705 shares during the period. Dodge & Cox purchased a new stake in shares of Microsoft Corporation during the fourth quarter worth about $2,658,504,000. Schwab Charles Investment Management Inc. increased its stake in shares of Microsoft Corporation by 2.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 28,965,189 shares of the software giant’s stock worth $1,907,648,000 after buying an additional 638,798 shares during the period. Finally, Viking Global Investors LP increased its stake in shares of Microsoft Corporation by 60.6% in the fourth quarter. Viking Global Investors LP now owns 21,950,056 shares of the software giant’s stock worth $1,363,976,000 after buying an additional 8,282,782 shares during the period. 72.86% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Microsoft Corporation (NASDAQ MSFT) traded up 0.71% on Friday, reaching $71.92. 5,051,724 shares of the company were exchanged. Microsoft Corporation has a 1-year low of $55.61 and a 1-year high of $74.42. The stock has a market capitalization of $553.95 billion, a PE ratio of 26.54 and a beta of 1.01. The company has a 50-day moving average price of $71.64 and a 200 day moving average price of $67.88.
Microsoft Corporation (NASDAQ:MSFT) last released its quarterly earnings results on Thursday, July 20th. The software giant reported $0.98 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.27. The firm had revenue of $24.70 billion during the quarter, compared to analysts’ expectations of $24.29 billion. Microsoft Corporation had a return on equity of 36.81% and a net margin of 23.57%. Microsoft Corporation’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.69 EPS. On average, analysts forecast 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. Shareholders of record on Thursday, August 17th will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date of this dividend is Tuesday, August 15th. Microsoft Corporation’s dividend payout ratio is presently 57.78%.
ILLEGAL ACTIVITY NOTICE: “Microsoft Corporation (MSFT) Stake Reduced by Stelliam Investment Management LP” was published by Watch List News and is the property of of Watch List News. If you are viewing this piece of content on another domain, it was illegally copied and reposted in violation of U.S. & international trademark & copyright law. The original version of this piece of content can be accessed at https://www.watchlistnews.com/microsoft-corporation-msft-stake-reduced-by-stelliam-investment-management-lp/1475330.html.
Several equities analysts have issued reports on MSFT shares. Pacific Crest reaffirmed a “buy” rating and set a $78.00 price objective (up from $70.00) on shares of Microsoft Corporation in a report on Friday, April 28th. Sanford C. Bernstein set a $87.00 price objective on shares of Microsoft Corporation and gave the company a “buy” rating in a report on Friday, July 21st. Morningstar, Inc. reaffirmed a “buy” rating on shares of Microsoft Corporation in a report on Wednesday, June 28th. Vetr downgraded shares of Microsoft Corporation from a “buy” rating to a “hold” rating and set a $71.27 price objective on the stock. in a report on Tuesday, May 23rd. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $77.00 price objective on shares of Microsoft Corporation in a report on Monday, May 29th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-seven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $76.15.
In other Microsoft Corporation news, insider Jean Philippe Courtois sold 26,165 shares of the company’s stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $69.00, for a total value of $1,805,385.00. Following the completion of the transaction, the insider now owns 570,843 shares in the company, valued at approximately $39,388,167. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider G Mason Morfit sold 7,000,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The stock was 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 90 days, insiders sold 7,060,855 shares of company stock valued at $512,251,908. 2.99% of the stock is owned by company 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.
Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Corporation (NASDAQ:MSFT).
Receive News & Ratings for Microsoft Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.