Searle & CO. Lowers Position in Microsoft Corporation (MSFT)
Searle & CO. reduced its stake in shares of Microsoft Corporation (NASDAQ:MSFT) by 0.6% during the second quarter, Holdings Channel reports. The firm owned 33,506 shares of the software giant’s stock after selling 200 shares during the period. Microsoft Corporation makes up approximately 1.6% of Searle & CO.’s portfolio, making the stock its 14th largest position. Searle & CO.’s holdings in Microsoft Corporation were worth $2,310,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of MSFT. Guardian Capital LP raised its stake in Microsoft Corporation by 19.2% in the fourth quarter. Guardian Capital LP now owns 287,392 shares of the software giant’s stock worth $17,859,000 after buying an additional 46,238 shares during the last quarter. Gardner Lewis Asset Management L P bought a new stake in Microsoft Corporation during the fourth quarter worth approximately $2,417,000. Envestnet Asset Management Inc. raised its stake in Microsoft Corporation by 10.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 1,583,946 shares of the software giant’s stock worth $98,422,000 after buying an additional 143,758 shares during the last quarter. B & T Capital Management DBA Alpha Capital Management raised its stake in Microsoft Corporation by 3.3% in the fourth quarter. B & T Capital Management DBA Alpha Capital Management now owns 49,809 shares of the software giant’s stock worth $3,095,000 after buying an additional 1,591 shares during the last quarter. Finally, American Trust Investment Advisors LLC raised its stake in Microsoft Corporation by 29.0% in the fourth quarter. American Trust Investment Advisors LLC now owns 34,915 shares of the software giant’s stock worth $2,170,000 after buying an additional 7,850 shares during the last quarter. 72.64% of the stock is currently owned by institutional investors.
Shares of Microsoft Corporation (NASDAQ:MSFT) traded up 1.154% on Wednesday, hitting $74.065. The stock had a trading volume of 7,739,664 shares. The firm’s 50-day moving average is $71.85 and its 200 day moving average is $68.13. The stock has a market cap of $570.47 billion, a P/E ratio of 27.330 and a beta of 1.01. Microsoft Corporation has a 1-year low of $55.61 and a 1-year high of $74.42.
Microsoft Corporation (NASDAQ:MSFT) last posted its quarterly earnings results on Thursday, July 20th. The software giant reported $0.98 EPS for the quarter, beating the 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%. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.69 EPS. Equities analysts forecast that Microsoft Corporation will post $3.22 EPS for the current year.
The company 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. The ex-dividend date of this dividend is Tuesday, August 15th. This represents a $1.56 annualized dividend and a yield of 2.13%. Microsoft Corporation’s dividend payout ratio (DPR) is 57.78%.
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A number of research firms recently commented on MSFT. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and set a $78.00 price objective on shares of Microsoft Corporation in a research note on Tuesday, May 9th. Bank of America Corporation reaffirmed a “buy” rating and set a $75.00 price objective on shares of Microsoft Corporation in a research note on Friday, June 16th. Cowen and Company increased their price objective on Microsoft Corporation from $70.00 to $74.00 and gave the company an “outperform” rating in a research note on Friday, April 28th. Vetr raised Microsoft Corporation from a “hold” rating to a “buy” rating and set a $74.61 price objective on the stock in a research note on Monday, June 12th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $73.00 price objective on shares of Microsoft Corporation in a research note on Monday, July 17th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty-eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $76.15.
In other news, 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Christopher C. Capossela sold 4,927 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 214,080 shares in the company, valued at $14,718,000. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,057,855 shares of company stock valued at $512,044,578. 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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