NewFocus Financial Group LLC Boosts Position in Microsoft Corporation (MSFT)
NewFocus Financial Group LLC raised its stake in shares of Microsoft Corporation (NASDAQ:MSFT) by 0.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 57,608 shares of the software giant’s stock after buying an additional 60 shares during the period. Microsoft Corporation makes up approximately 2.3% of NewFocus Financial Group LLC’s investment portfolio, making the stock its 13th largest position. NewFocus Financial Group LLC’s holdings in Microsoft Corporation were worth $3,794,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in the stock. 3G Capital Partners LP raised its stake in Microsoft Corporation by 7.1% in the fourth quarter. 3G Capital Partners LP now owns 1,608,543 shares of the software giant’s stock valued at $99,955,000 after buying an additional 106,728 shares in the last quarter. Tompkins Financial Corp raised its stake in Microsoft Corporation by 21.1% in the first quarter. Tompkins Financial Corp now owns 104,748 shares of the software giant’s stock valued at $5,784,000 after buying an additional 18,225 shares in the last quarter. Wealthfront Inc. raised its stake in Microsoft Corporation by 15.8% in the fourth quarter. Wealthfront Inc. now owns 230,160 shares of the software giant’s stock valued at $14,302,000 after buying an additional 31,364 shares in the last quarter. Dodge & Cox acquired a new stake in Microsoft Corporation during the fourth quarter valued at approximately $2,658,504,000. Finally, Cribstone Capital Management LLC raised its stake in Microsoft Corporation by 33.5% in the first quarter. Cribstone Capital Management LLC now owns 38,889 shares of the software giant’s stock valued at $2,554,000 after buying an additional 9,768 shares in the last quarter. Institutional investors and hedge funds own 73.46% of the company’s stock.
Microsoft Corporation (NASDAQ:MSFT) traded up 0.77% on Thursday, hitting $74.58. 7,775,943 shares of the stock traded hands. The stock has a 50-day moving average of $72.63 and a 200-day moving average of $68.58. The firm has a market cap of $574.43 billion, a price-to-earnings ratio of 27.52 and a beta of 1.01. Microsoft Corporation has a 12-month low of $55.61 and a 12-month high of $74.75.
Microsoft Corporation (NASDAQ:MSFT) last issued its quarterly earnings results on Thursday, July 20th. The software giant reported $0.98 EPS for the quarter, topping the Zacks’ 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 analysts’ expectations of $24.29 billion. During the same quarter last year, the business earned $0.69 earnings per share. Microsoft Corporation’s revenue was up 9.1% on a year-over-year basis. Analysts forecast that Microsoft Corporation will post $3.21 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Thursday, August 17th will be given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date of this dividend is Tuesday, August 15th. Microsoft Corporation’s payout ratio is currently 57.78%.
Several equities analysts recently issued reports on MSFT shares. Morgan Stanley reissued an “overweight” rating and set a $80.00 price objective on shares of Microsoft Corporation in a research note on Thursday, July 13th. Stifel Nicolaus reissued a “buy” rating and set a $73.00 price objective on shares of Microsoft Corporation in a research note on Sunday, July 9th. Cowen and Company reissued an “outperform” rating and set a $80.00 price objective (up previously from $78.00) on shares of Microsoft Corporation in a research note on Saturday, July 22nd. BMO Capital Markets reissued a “buy” rating and set a $86.00 price objective on shares of Microsoft Corporation in a research note on Friday, August 25th. Finally, Royal Bank Of Canada set a $77.00 price objective on shares of Microsoft Corporation and gave the company a “buy” rating in a research note on Monday, July 10th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-eight have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $76.51.
In related news, CFO Amy Hood sold 55,000 shares of the firm’s stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $72.71, for a total value of $3,999,050.00. Following the transaction, the chief financial officer now owns 510,217 shares in the company, valued at $37,097,878.07. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jean Philippe Courtois sold 26,763 shares of the firm’s stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $74.00, for a total value of $1,980,462.00. Following the completion of the transaction, the insider now owns 544,080 shares in the company, valued at approximately $40,261,920. The disclosure for this sale can be found here. Insiders sold 7,081,763 shares of company stock worth $513,899,512 in the last 90 days. 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.
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