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%.

TRADEMARK VIOLATION WARNING: This article was originally published by Watch List News and is the sole property of of Watch List News. If you are reading this article on another website, it was stolen and republished in violation of United States & international copyright law. The legal version of this article can be read at https://www.watchlistnews.com/searle-co-lowers-position-in-microsoft-corporation-msft/1496136.html.

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.

Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Corporation (NASDAQ:MSFT).

Institutional Ownership by Quarter for Microsoft Corporation (NASDAQ:MSFT)

Receive News & Ratings for Microsoft Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.