SFE Investment Counsel Has $985,000 Position in Microsoft Corp. (MSFT)
SFE Investment Counsel decreased its position in shares of Microsoft Corp. (NASDAQ:MSFT) by 7.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,245 shares of the software giant’s stock after selling 1,655 shares during the period. SFE Investment Counsel’s holdings in Microsoft Corp. were worth $985,000 as of its most recent SEC filing.
A number of other hedge funds have also recently bought and sold shares of the stock. NN Investment Partners Holdings N.V. acquired a new position in shares of Microsoft Corp. during the first quarter worth $370,367,000. American Century Companies Inc. increased its position in shares of Microsoft Corp. by 32.0% in the second quarter. American Century Companies Inc. now owns 15,976,699 shares of the software giant’s stock worth $817,528,000 after buying an additional 3,870,851 shares in the last quarter. 1832 Asset Management L.P. increased its position in shares of Microsoft Corp. by 51.3% in the first quarter. 1832 Asset Management L.P. now owns 10,051,624 shares of the software giant’s stock worth $919,310,000 after buying an additional 3,407,829 shares in the last quarter. BlackRock Group LTD increased its position in shares of Microsoft Corp. by 4.6% in the first quarter. BlackRock Group LTD now owns 65,277,591 shares of the software giant’s stock worth $3,605,281,000 after buying an additional 2,858,044 shares in the last quarter. Finally, Virginia Retirement System acquired a new position in shares of Microsoft Corp. during the first quarter worth $129,152,000. 71.58% of the stock is owned by institutional investors.
Microsoft Corp. (NASDAQ:MSFT) traded up 1.07% during midday trading on Wednesday, reaching $57.85. The company’s stock had a trading volume of 10,015,521 shares. The firm has a 50 day moving average of $57.46 and a 200 day moving average of $54.26. The firm has a market cap of $450.80 billion, a P/E ratio of 27.55 and a beta of 1.09. Microsoft Corp. has a 52-week low of $45.95 and a 52-week high of $58.70.
Microsoft Corp. (NASDAQ:MSFT) last issued its quarterly earnings results on Tuesday, July 19th. The software giant reported $0.69 EPS for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.11. The company earned $22.60 billion during the quarter, compared to the consensus estimate of $22.15 billion. Microsoft Corp. had a return on equity of 29.38% and a net margin of 19.33%. During the same period last year, the business posted $0.60 earnings per share. Analysts anticipate that Microsoft Corp. will post $2.89 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 8th. Investors of record on Thursday, November 17th will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.73%. This is an increase from Microsoft Corp.’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Tuesday, November 15th. Microsoft Corp.’s dividend payout ratio (DPR) is presently 70.24%.
A number of equities analysts recently commented on the company. Vetr upgraded Microsoft Corp. from a “buy” rating to a “strong-buy” rating and set a $57.64 price objective on the stock in a report on Monday, July 11th. Sanford C. Bernstein set a $68.00 price objective on Microsoft Corp. and gave the stock a “buy” rating in a report on Friday, July 15th. Citigroup Inc. increased their price objective on Microsoft Corp. from $36.00 to $37.00 and gave the stock a “sell” rating in a report on Thursday, July 7th. Stifel Nicolaus increased their price objective on Microsoft Corp. from $58.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, July 20th. Finally, Deutsche Bank AG restated a “buy” rating and issued a $65.00 price objective on shares of Microsoft Corp. in a report on Saturday, June 25th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and twenty have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $59.41.
In other Microsoft Corp. news, CEO Satya Nadella sold 143,000 shares of the firm’s stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $57.97, for a total value of $8,289,710.00. Following the completion of the sale, the chief executive officer now directly owns 1,200,822 shares of the company’s stock, valued at $69,611,651.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Amy Hood sold 120,000 shares of the firm’s stock in a transaction on Monday, August 8th. The stock was sold at an average price of $57.86, for a total value of $6,943,200.00. Following the completion of the sale, the chief financial officer now directly owns 523,425 shares of the company’s stock, valued at $30,285,370.50. The disclosure for this sale can be found here. Corporate insiders own 3.76% of the company’s stock.
Microsoft Corp. Company Profile
Microsoft Corporation is a technology company. The Company develops, licenses and supports a range of software products, services and devices. Its segments are Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. Its 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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