Reik & CO. LLC Has $818,000 Position in Microsoft Corporation (MSFT)
Reik & CO. LLC continued to hold its position in Microsoft Corporation (NASDAQ:MSFT) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,866 shares of the software giant’s stock at the end of the second quarter. Microsoft Corporation comprises about 0.3% of Reik & CO. LLC’s portfolio, making the stock its 23rd largest position. Reik & CO. LLC’s holdings in Microsoft Corporation were worth $818,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also recently added to or reduced their stakes in MSFT. Appropriate Balance Financial Services Inc. raised its position in shares of Microsoft Corporation by 4.7% during the second quarter. Appropriate Balance Financial Services Inc. now owns 643 shares of the software giant’s stock valued at $9,331,000 after buying an additional 29 shares during the last quarter. Hefty Wealth Partners raised its position in shares of Microsoft Corporation by 65.6% during the second quarter. Hefty Wealth Partners now owns 1,648 shares of the software giant’s stock valued at $113,000 after buying an additional 653 shares during the last quarter. Asset Planning Services Ltd. raised its position in shares of Microsoft Corporation by 93.0% during the first quarter. Asset Planning Services Ltd. now owns 1,737 shares of the software giant’s stock valued at $114,000 after buying an additional 837 shares during the last quarter. Ullmann Financial Group Inc. acquired a new position in shares of Microsoft Corporation during the first quarter valued at about $132,000. Finally, Opera Trading Capital raised its position in shares of Microsoft Corporation by 1,522.0% during the second quarter. Opera Trading Capital now owns 2,433 shares of the software giant’s stock valued at $168,000 after buying an additional 2,283 shares during the last quarter. 73.35% of the stock is owned by hedge funds and other institutional investors.
Microsoft Corporation (MSFT) opened at $84.14 on Monday. The firm has a market cap of $649,105.63, a PE ratio of 24.89, a P/E/G ratio of 1.97 and a beta of 1.01. 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 Corporation has a 1 year low of $57.28 and a 1 year high of $86.20.
Microsoft Corporation (NASDAQ:MSFT) last posted its quarterly earnings results on Thursday, October 26th. The software giant reported $0.84 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.12. The company had revenue of $24.50 billion during the quarter, compared to analyst estimates of $23.57 billion. Microsoft Corporation had a net margin of 24.56% and a return on equity of 35.23%. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.76 earnings per share. equities analysts forecast that Microsoft Corporation will post 3.37 EPS for the current year.
The firm 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. This represents a $1.68 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date is Wednesday, November 15th. This is a positive change from Microsoft Corporation’s previous quarterly dividend of $0.39. Microsoft Corporation’s dividend payout ratio (DPR) is currently 53.06%.
In other news, insider Jean Philippe Courtois sold 26,763 shares of the firm’s stock in a transaction that occurred on Wednesday, August 30th. The shares were 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 directly owns 537,519 shares in the company, valued at $39,776,406. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider G Mason Morfit sold 7,000,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $72.56, for a total transaction of $507,920,000.00. The disclosure for this sale can be found here. Insiders have sold 7,096,763 shares of company stock valued at $515,160,712 in the last quarter. Company insiders own 1.49% of the company’s stock.
A number of research analysts have recently commented on MSFT shares. ValuEngine raised shares of Microsoft Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, September 6th. Canaccord Genuity reissued a “buy” rating and issued a $94.00 price target (up previously from $86.00) on shares of Microsoft Corporation in a research report on Friday, October 27th. Morgan Stanley reissued an “overweight” rating and issued a $80.00 price target on shares of Microsoft Corporation in a research report on Thursday, July 13th. Atlantic Securities set a $83.00 price target on shares of Microsoft Corporation and gave the stock a “neutral” rating in a research report on Friday, October 27th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $73.00 price target on shares of Microsoft Corporation in a research report on Sunday, July 9th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirty have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $83.02.
Microsoft Corporation 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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