New Capital Management LP Has $284,000 Position in Microsoft Corporation (NASDAQ:MSFT)
New Capital Management LP continued to hold its stake in Microsoft Corporation (NASDAQ:MSFT) during the second quarter, Holdings Channel reports. The institutional investor owned 4,305 shares of the software giant’s stock at the end of the second quarter. Microsoft Corporation comprises approximately 0.5% of New Capital Management LP’s investment portfolio, making the stock its 19th largest position. New Capital Management LP’s holdings in Microsoft Corporation were worth $284,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of the stock. Hefty Wealth Partners boosted its stake in Microsoft Corporation by 65.6% in the second quarter. Hefty Wealth Partners now owns 1,648 shares of the software giant’s stock worth $113,000 after buying an additional 653 shares during the last quarter. Asset Planning Services Ltd. boosted its stake 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 worth $114,000 after buying an additional 837 shares during the last quarter. Ullmann Financial Group Inc. bought a new stake in Microsoft Corporation during the first quarter worth about $132,000. Pacific Center for Financial Services bought a new stake in Microsoft Corporation during the fourth quarter worth about $155,000. Finally, Patriot Financial Group Insurance Agency LLC acquired a new position in shares of Microsoft Corporation during the fourth quarter worth approximately $161,000. Institutional investors own 72.86% of the company’s stock.
Shares of Microsoft Corporation (NASDAQ:MSFT) traded up 1.295% on Friday, reaching $72.335. The company’s stock had a trading volume of 9,128,082 shares. Microsoft Corporation has a 1-year low of $55.61 and a 1-year high of $74.42. The firm has a market cap of $557.14 billion, a price-to-earnings ratio of 26.692 and a beta of 1.01. The company’s 50 day moving average is $71.64 and its 200-day moving average is $67.88.
Microsoft Corporation (NASDAQ:MSFT) last issued its quarterly earnings results on Thursday, July 20th. The software giant reported $0.98 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.27. Microsoft Corporation had a return on equity of 36.81% and a net margin of 23.57%. The company had revenue of $24.70 billion for the quarter, compared to analyst estimates of $24.29 billion. During the same quarter last year, the company posted $0.69 EPS. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. Equities research analysts expect that Microsoft Corporation will post $3.22 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, August 17th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Tuesday, August 15th. This represents a $1.56 annualized dividend and a dividend yield of 2.18%. Microsoft Corporation’s payout ratio is 57.78%.
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A number of research analysts have recently commented on the company. Credit Suisse Group assumed coverage on Microsoft Corporation in a report on Thursday, April 27th. They set an “outperform” rating and a $80.00 price target on the stock. Sanford C. Bernstein set a $87.00 price target on Microsoft Corporation and gave the company a “buy” rating in a report on Friday. BidaskClub lowered Microsoft Corporation from a “buy” rating to a “hold” rating in a report on Saturday, June 10th. Raymond James Financial, Inc. raised their price target on Microsoft Corporation to $84.00 and gave the company a “buy” rating in a report on Friday, July 21st. Finally, Barclays PLC reissued an “overweight” rating and set a $82.00 price target (up from $77.00) on shares of Microsoft Corporation in a report on Friday, July 21st. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-seven have assigned a buy rating to the company’s stock. Microsoft Corporation presently has an average rating of “Buy” and a consensus price target of $76.15.
In related news, EVP Christopher C. Capossela sold 3,000 shares of the firm’s stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $69.11, for a total transaction of $207,330.00. Following the sale, the executive vice president now owns 216,507 shares of the company’s stock, valued at approximately $14,962,798.77. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Christopher C. Capossela sold 4,927 shares of the firm’s stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $68.75, for a total value of $338,731.25. Following the sale, the executive vice president now directly owns 214,080 shares in the company, valued at approximately $14,718,000. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,060,855 shares of company stock worth $512,251,908. Corporate insiders own 2.99% of the company’s stock.
About Microsoft Corporation
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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