New Capital Management LP Has $436,000 Holdings in Microsoft Co. (MSFT)
New Capital Management LP lessened its stake in Microsoft Co. (NASDAQ:MSFT) by 8.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 4,290 shares of the software giant’s stock after selling 388 shares during the quarter. Microsoft makes up about 0.8% of New Capital Management LP’s holdings, making the stock its 11th biggest holding. New Capital Management LP’s holdings in Microsoft were worth $436,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Highwater Wealth Management LLC purchased a new position in Microsoft in the 4th quarter worth approximately $27,000. Mackey Komara & Dankovich LLC purchased a new position in shares of Microsoft during the 4th quarter valued at approximately $30,000. Contravisory Investment Management Inc. boosted its stake in shares of Microsoft by 113.1% during the 4th quarter. Contravisory Investment Management Inc. now owns 537 shares of the software giant’s stock valued at $55,000 after buying an additional 285 shares during the last quarter. Denali Advisors LLC purchased a new position in shares of Microsoft during the 4th quarter valued at approximately $91,000. Finally, Woodard & Co. Asset Management Group Inc. ADV boosted its stake in shares of Microsoft by 90.5% during the 3rd quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 1,048 shares of the software giant’s stock valued at $119,000 after buying an additional 498 shares during the last quarter. Hedge funds and other institutional investors own 72.89% of the company’s stock.
In other Microsoft news, EVP Christopher C. Capossela sold 10,500 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of $111.48, for a total value of $1,170,540.00. Following the sale, the executive vice president now directly owns 156,866 shares of the company’s stock, valued at $17,487,421.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Satya Nadella sold 267,466 shares of the stock in a transaction on Wednesday, February 6th. The stock was sold at an average price of $106.01, for a total value of $28,354,070.66. Following the completion of the sale, the chief executive officer now directly owns 1,746,854 shares in the company, valued at $185,183,992.54. The disclosure for this sale can be found here. Over the last three months, insiders have sold 333,667 shares of company stock worth $35,657,016. Corporate insiders own 1.38% of the company’s stock.
Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Wednesday, January 30th. The software giant reported $1.10 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.09 by $0.01. The business had revenue of $32.47 billion for the quarter, compared to analyst estimates of $32.53 billion. Microsoft had a return on equity of 39.52% and a net margin of 28.31%. The business’s revenue was up 12.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.96 EPS. Sell-side analysts expect that Microsoft Co. will post 4.42 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Wednesday, May 15th will be given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 1.49%. The ex-dividend date of this dividend is Wednesday, May 15th. Microsoft’s dividend payout ratio is currently 47.42%.
Several equities analysts have recently commented on MSFT shares. Zacks Investment Research cut Microsoft from a “buy” rating to a “hold” rating in a research note on Monday, December 31st. Credit Suisse Group reiterated a “buy” rating on shares of Microsoft in a research note on Wednesday, January 2nd. Royal Bank of Canada reiterated a “buy” rating and set a $124.00 target price on shares of Microsoft in a research note on Monday, January 21st. Goldman Sachs Group reiterated a “buy” rating and set a $123.00 target price on shares of Microsoft in a research note on Wednesday, January 23rd. Finally, Bank of America upgraded Microsoft to a “buy” rating and reduced their target price for the company from $150.00 to $140.00 in a research note on Monday, January 28th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-nine have given a buy rating and two have assigned a strong buy rating to the stock. Microsoft presently has an average rating of “Buy” and a consensus target price of $125.32.
Microsoft Company Profile
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its company's Productivity and Business Processes segment offers Office 365 commercial products and services, such as Office, Exchange, SharePoint, Skype for Business, Microsoft Teams, and related Client Access Licenses (CALs); Office 365 consumer services, including Skype, Outlook.com, and OneDrive; LinkedIn online professional network; and Dynamics business solutions comprising financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and medium businesses, large organizations, and divisions of enterprises.
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