Asset Management Advisors LLC increased its position in shares of Microsoft Corporation (NASDAQ:MSFT) by 0.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 69,375 shares of the software giant’s stock after buying an additional 196 shares during the period. Microsoft Corporation comprises approximately 4.1% of Asset Management Advisors LLC’s investment portfolio, making the stock its 9th largest position. Asset Management Advisors LLC’s holdings in Microsoft Corporation were worth $4,569,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in the stock. Asset Planning Services Ltd. raised its stake in Microsoft Corporation by 93.0% in 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 period. Pacific Center for Financial Services acquired a new stake in shares of Microsoft Corporation during the fourth quarter worth about $155,000. Patriot Financial Group Insurance Agency LLC bought a new position in Microsoft Corporation during the fourth quarter valued at approximately $161,000. Northwest Quadrant Wealth Management LLC bought a new position in Microsoft Corporation during the fourth quarter valued at approximately $205,000. Finally, Schneider Downs Wealth Management Advisors LP bought a new position in Microsoft Corporation during the first quarter valued at approximately $209,000. Institutional investors and hedge funds own 72.64% of the company’s stock.
Microsoft Corporation (NASDAQ:MSFT) traded up 0.12% during trading on Friday, reaching $72.49. The company had a trading volume of 18,761,491 shares. The firm has a market capitalization of $558.34 billion, a PE ratio of 26.75 and a beta of 1.01. The firm’s 50 day moving average price is $72.16 and its 200 day moving average price is $68.26. Microsoft Corporation has a 12-month low of $55.61 and a 12-month high of $74.42.
Microsoft Corporation (NASDAQ:MSFT) last announced its 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 company had revenue of $24.70 billion for the quarter, compared to analyst estimates of $24.29 billion. Microsoft Corporation had a return on equity of 36.81% and a net margin of 23.57%. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.69 EPS. Analysts anticipate that Microsoft Corporation will post $3.21 earnings per share 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 is Tuesday, August 15th. This represents a $1.56 annualized dividend and a yield of 2.15%. Microsoft Corporation’s payout ratio is currently 57.78%.
MSFT has been the subject of a number of analyst reports. Royal Bank Of Canada set a $77.00 price target on shares of Microsoft Corporation and gave the company a “buy” rating in a report on Monday, July 10th. Zacks Investment Research lowered shares of Microsoft Corporation from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 24th. Raymond James Financial, Inc. reissued a “strong-buy” rating and set a $77.00 price objective (up from $73.00) on shares of Microsoft Corporation in a report on Monday, May 1st. Pacific Crest restated a “buy” rating and issued a $78.00 target price (up from $70.00) on shares of Microsoft Corporation in a research note on Friday, April 28th. Finally, Vetr upgraded shares of Microsoft Corporation from a “hold” rating to a “buy” rating and set a $70.87 target price for the company in a research note on Wednesday, May 17th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and twenty-nine have given a buy rating to the company’s stock. Microsoft Corporation presently has a consensus rating of “Buy” and a consensus price target of $76.26.
In related news, EVP Christopher C. Capossela sold 4,927 shares of the stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $68.75, for a total transaction of $338,731.25. Following the completion of the sale, the executive vice president now directly owns 214,080 shares of the company’s stock, valued at $14,718,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jean Philippe Courtois sold 26,165 shares of the stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $69.00, for a total value of $1,805,385.00. Following the sale, the insider now directly owns 570,843 shares of the company’s stock, valued at $39,388,167. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,057,855 shares of company stock worth $512,044,578. Corporate insiders own 2.99% of the company’s stock.
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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